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- Will Social Security Run Out By 2033? (10 5 23)
Will Social Security Run Out By 2033? (10 5 23)
Sally McDonald
October 05, 2023
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🚘️ Auto Insurance and the No Good, Very Bad Year
According to one recent report, the average auto insurance policy cost has increased 19% year over year.
Auto insurance hasn’t increased that fast since 1976. Talk about a bummer for your wallet.
Luckily, Clark keeps offering great advice to shield yourself against this no-good trend:
Raise your deductible to at least $1,000.
Avoid making any small claims.
Maintain a good credit score.
Most importantly, you need to re-shop your auto insurance policy. The rate increases, and the reasons behind them, have hit some companies harder than others. And different auto insurers will view your risk profile differently.
There is one area where you want to spend more on your auto insurance, not less. Especially if you have significant assets, Clark wants you to increase your liability coverage to more than the state-mandated minimums, as he explained on the Sept. 18 podcast.
💵 Today’s Top Stories
 | The raw data says that Social Security will no longer be able to pay 100% of people’s benefits in 2033. Here’s why Clark is way more optimistic on the future of Social Security. Read more. |
 | The debate between working in an office vs. at home rages on. But what if the sweet spot is a little of both? Here are the best companies for hybrid jobs. Read more. |
 | If you’re a Spectrum internet customer with a physical store nearby, check out this Verizon network alternative for as low as $14 a month. Read more. |
 | You may have no idea what to do if your health insurance company denies your claim. But don’t give up, Clark says. Here are all the strategies you should try. Read more. |
📊 Stat of the Day
💸 1.3%: The percentage of Americans with a perfect 850 credit score. That’s according to Experian as of 2021. According to Clark, the real number you should target is 760 so that you get the best rates on almost everything.
💰️ Deal Alert: Today’s Top Deals
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🎙️ Podcast
If you’ve been denied by a health insurer, you may be tempted to roll over and pay. But you need to fight! Clark explains why you should appeal – even when it feels impossible. Also, when is the best time to buy a home? Some reports say right now in October. But the reality isn’t so clear, especially for first-time home buyers.
☎️ Need Money Help?
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.
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