Business

Inflation and Social Security Crisis

Updated 2026-06-10 14:25 UTC 2 sources Negative

Inflation reached a three-year high in May, driven by energy prices from the Iran war. The Social Security trust funds are facing insolvency a year earlier than forecasted.

Coverage timeline — 2 articles

CNBC

Here's the inflation breakdown for May 2026 — in one chart

Inflation jumped to a three-year high in May as the Iran war continued to fuel higher energy prices.

2026-06-10 14:14 UTC

MarketWatch

Social Security faces insolvency a year earlier than forecast, paying only 78% of benefits

The trust funds backing Social Security face increased pressure, partly due to last year’s One Big Beautiful Bill Act.

2026-06-10 14:18 UTC