Canadian researchers find a simple cure for cancer, but major pharmaceutical companies are not interested. Researchers at the University of Alberta, in Edmonton, Canada have cured cancer last week, yet there is a little ripple in the news or in TV.
Social Security recipients will get a 1.7% cost-of-living raise starting in January, the Social Security Administration announced Wednesday. For the average retired person receiving Social Security, monthly payments would rise $22 to $1,328 from $1,306. The average couple's benefits would rise to $2,176 from $2,140. Average annual payout: $15,936.
For perspective, the average monthly Social Security awarded to Americans in 2015 and November 2015, respectively, was $1,373.81 and $1,363.23. Also, it may be helpful to know that the amount paid to all 41.1 million retired workers averaged $1,354.78 last month.