The Daily Money: Are dress clothes gone for good?

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The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Friday, August 7 It's Fri-yay, Daily Money readers! Brett Molina here and ready to start the weekend. But first, your Friday Money and Tech headlines. Our embrace of sweatpants and other casual wear is bad news for retailers specializing in business wear. As more companies open up to remote work for employees, is it time to bid farewell to dress clothes? Americans are becoming more pessimistic about how the economy will fare as we navigate COVID-19. According to a new survey from Harris Poll: • About 82% of Americans believe the expiring $600 unemployment bonus will hurt the economy. • More than two-thirds of Americans think economic growth will be a lot worse in the months to come. Finally, are you 50 years old and have no retirement savings? There's still time to act. Scroll down for more headlines, and have a great weekend. Brett Molina, Money/Tech editor Are dress clothes gone for good? Americans are dressing down, and that's hurting retailers that sell business wear, including suits chain Men's Wearhouse, Ann Taylor and Loft. 'I'm too old to find a new career': More than half of... No retirement savings at 50? Try these tactics Where to shop tax-free this weekend TikTok and privacy: Is it worse than Facebook? Cadillac just revealed its first all-electric SUV The 35 most successful craft breweries in America More products with onions recalled for salmonella risk Find unclaimed money that may be owed to you Bon Appétit adds exec editor as 3 Test Kitchen stars...   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102