Go to knowledge: Fourth of July travel, Social Security information and top financial news for July 1

GO in the Know 5

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Welcome to July, folks. Here’s the roundup of today’s top financial stories. Have a great holiday weekend.

The big takeaway: Americans stick to July 4 travel plans despite gas costs

The main concern this Fourth of July is historically high gas prices at the pumps, but that won’t stop people from driving away to celebrate. The number of people traveling this weekend by car is expected to return to pre-pandemic levels.

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Social Security Benchmark: What is the average benefit at age 62?

The amount of your retirement benefit depends on how much you earned over your lifetime in jobs for which you paid Social Security taxes and the age at which you claim. You can apply for Social Security benefits as early as age 62, but you will only receive the full amount of your benefit if you wait to claim until your full retirement age.

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Well, this is interesting: SSA turns to an unlikely source to improve customer service

That source is the Baltimore Ravens, as the Social Security Administration has reached out to the NFL team to learn more about how it uses data to drive customer experience decisions.

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Bonus: Which stores are open on July 4th?

Americans are ready to celebrate to the max after losing the full scope of Fourth of July festivities the past two years due to the pandemic. As such, more and more merchants are also making themselves available during the holidays.

See the full list here

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!