On this week’s Inside the Economy with SH&J, we discuss unemployment numbers. Job openings in May exceeded the number of people unemployed for the 15th straight month. Could there be a new natural rate of unemployment in a robust economy? Short term interest rates have already priced in an interest rate cut for July. What are the possible implications of the Fed’s decision at the upcoming meeting? Media bias aside, what is really going on with state and federal debt? Tune in to find out!
For many people, Social Security and Medicare seem to go hand-in-hand. Both benefits are typically received during your 60s, and Medicare premiums are often deducted from monthly Social Security checks. So when the announcement came out at the end of 2018 that Medicare premiums were increasing for 2019, one day after the “Cost of Living Adjustment” of 2.8% was announced for Social Security, it’s hard to blame Americans for thinking they are one in the same. However, in reality, Medicare premium decisions are made by the Medicare system itself, not the Social Security Administration.