Daily Money: How Social Security COLA is calculated; Americans quitting jobs

Good morning, it's Nathan back to help you ease into Monday!

🥇 This fencer didn't get a medal at the Olympics. But she did get engaged.

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💡 INSIGHT OF THE DAY: The inflation index used to calculate annual increases in Social Security checks is more heavily weighted to costs such as the price of gasoline than it is to the costs such as health care. But retirees are typically more exposed to increases in health care costs than commuting expenses. That's one example of why this expert argues that the way the government calculates Social Security increases needs to change.

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

1. Americans are quitting their jobs at a record pace: Part of it is burnout, and part of it is the improving economy.

2. What will happen to all those empty offices? How about turning them into labs.

3. Many Americans are going out for the first time since COVID began. That means makeup is back in style.

4. Haven't gotten your child tax credit payment yet? Here's what to do next.

5. Ever bought a Crocs knockoff? The company that makes them just sued 21 companies it says violated its trademark, including Walmart and Hobby Lobby.

6. A six-month emergency fund may not be enough for some people. Are you one of them? 

7. Isn't Jeff Bezos considered an astronaut now?The FAA says no.

And here I was thinking that going to space was all you had to do to become an astronaut. Then again, everything I learned about space I learned from watching "Apollo 13."

--@NathanBomey