World News: The Daily Money: Social Security ⬆️ coming in 2022?

ALL THE MONEY NEWS YOU NEED TO KNOW

Thursday, September 2

Good morning to you, Daily Money friends, it's Nathan back with you.

For anyone dealing with the deluge of rain and flooding last night in the New York area, here's the latest. Central Park recorded the most rain it's ever had in a single-hour span.

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💡 INSIGHT OF THE DAY: The fees that managers charge for the investments in your 401(k) can delay your retirement, so it's critical to understand what you're paying. But about 40% of 401(k) plan participants don't fully understand them.

📰 And here are more stories you won't want to miss:

1. Social Security beneficiaries could get a big increase in 2022. A little thing called inflation is why.

2. Disgraced start-up executive Elizabeth Holmes is now on trial: Who is the health care CEO and what happened at Theranos?

3. "Ghost kitchens" are proliferating. Now Kroger is putting them in its stores.

4. It wasn't just you. Instagram went down this morning.

5. Let's leave panic buying in the past, shall we? Temporary limits are back on some items at Costco.

6. Would you put your driver's license on your phone? You can now add it to your iPhone in some states.

I think I'll hold off on that one for now.

--@NathanBomey