ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Inflation ran hot for a third straight month in March, Paul Davidson reports, raising questions about when the Federal Reserve will feel confident that price pressures are subdued and it can begin cutting interest rates. |
Overall prices increased 3.5% from a year earlier, driven largely by the rising cost of rent and gasoline, according to the Labor Department's consumer price index. On a monthly basis, costs rose 0.4%, similar to the previous month. |
A taxing thought: Which state taxes the most? |
With Tax Day approaching, here's a sobering thought: The average American pays $524,625 in taxes in their lifetime, according to a new study. |
The report also ranks states on lifetime tax costs. And residents of one Northeast state pay $987,117 in lifetime taxes, the analysis found, the highest tab in the nation. |
📰 More stories you shouldn't miss 📰 |
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
Three-fifths of parents with adult children gave them financial help in the past year, Pew Research reported in a recent study. |
The finding illustrates – in case we needed a reminder – that modern parenting does not end when a child turns 18. But supporting an adult child can get costly, financial planners say. And parents need to make sure their own financial needs are met. |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
Daniel de Visé covers personal finance for USA Today. | | | | Annual inflation rose again in March to 3.5% as rent kept drifting higher. Core prices, which exclude food and energy, stayed high. | | | |  | With Tax Day approaching, here's a sobering thought: The average American pays $524,625 in taxes in their lifetime, according to a new study. | | | | Plant-A, in collaboration with USA TODAY, has its America's Customer Service Champions 2024 winners. | | | | Half of Americans will claim parents as dependents this tax year, a poll says. Inflation fueled the trend as fewer seniors can afford life on their own. | | | | The resale value of EVs is dropping faster than gas-powered cars. This just adds to the list of concerns Americans have about buying one. | | | | The 2025 COLA estimate rose for a third month, following inflation. But the inflation jump now outpaces seniors' 2024 COLA, putting them in the red. | | | | Gas prices have always been a conversation for many drivers, but recent prices haven't been seen since 2023. | | | | Job growth in professional and business services has slowed sharply. That may mean the labor market is softening despite blockbuster March jobs report | | | | Ditching vinyl wraps and painting jobs, the motor company plans to use the technology that can change colors when in heat or exposed to light. | | | | Wages rose much faster for America's lowest-paid workers than for their better-paid colleagues between 2019 and 2023, a striking reversal. | | | | |  | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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