The Daily Money: Social Security benefit increase coming; iPhone 13 makes debut

Good morning, Daily Money friends, it's Nathan wishing you a happy Wednesday!

🚀 SpaceX is set to launch four civilians into space tonight ... without astronauts. They'll orbit the earth for three days.

It's the first all-civilian mission in the history of spaceflight.

💰 The Daily Money is USA TODAY's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here!

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💡 INSIGHT OF THE DAY: Social Security recipients are likely poised to receive a big boost in their checks in 2020. With inflation spiking, the 68 million beneficiaries are projected to receive a cost-of-living adjustment of 6% to 6.1%, according to the Senior Citizen League. That would far outpace the average 1.4% increase since 2010. For the average retiree receiving a monthly check of $1,559, a 6% rise would translate into $93.54 in extra funds.

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

1. The iPhone 13 is here, and the iPad Mini is back: Check out all the details from Apple's reveal event.

2. Looking to trade up to get an iPhone 13? Here's a rundown of the best deals out there.

3. 401(k)s are a sensible investment option for many Americans: But here are three reasons why they may not be the best savings option for your needs.

4. Don't wait: It pays to check out home repair costs and contractors before an emergency pops up.

5. Disney Store closings are upon us: Wednesday is the last day for some stores. 

Goodbye, Mickey.

--@NathanBomey