ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Medora Lee | Money and Personal Finance reporter
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Good morning! It's Medora Lee with your Daily Money. |
Americans spend nearly $500 a year tipping more than they'd like to, according to Talker Research , a research and polling agency that recently conducted a survey of 2,000 Americans about tipping. The poll found the average respondent reluctantly tips $37.80 a month. "That figure equates to $453.60 a year in guilt-induced gratuity, with over a quarter (26%) feeling they are always or often forced to tip more than they would like," Talker Research said in a post about the findings. |
And it turns out the younger you are, the guiltier you feel. Gen Z and millennials "were almost twice as likely to say they 'always' feel pressure to tip than older generations," the study said. | A staff member stuff tips in the tip jar at the Munch Hut in downtown Athens, Ga., on Wednesday, April 28, 2021. Joshua L. Jones via Imagn Content Services, LLC |
Not ready for 'Peak 65'? Here's a tip |
Are you part of "Peak 65," or thelargest surge of retiring Americans in recent history? More than 4.1 million people are turning 65 each year through 2027. That's more than 11,200 people every single day. |
But how many are financially ready for the retirement milestone? Studies show not many. So what should you do? |
If you're still healthy and aren't miserable working, consider working longer, some advisers say. You can sock away more money, delay taking Social Security and end up with a larger check later yet still have many years to kick back since people are living longer. |
Have you checked your Internet bill lately? |
If you've had the same Wi-Fi plan for years, it's normal that your monthly Internet bill might increase over time. But if you haven't kept an eye on it, you might be surprised at how big it's gotten, especially since many companies encourage you to put it on autopay. |
📰 More stories you shouldn't miss 📰 |
Finally, here's a popular story from earlier this year that you may have missed. Feel free to share it. |
Since we're starting to see the largest number of people barreling towards retirement over the next several years, we should be examining ways to maximize our savings. The 401(K) and employer matches are a great place to start, but maybe not the best place to end. |
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. | | | | Someone in Florida woke up richer this morning, as the winning $215 million Powerball ticket was sold in the Sunshine State. | | | |  | Designed in collaboration with Porsche tuner Magnus Walker, TWR's restomod has racing roots and comes with a manual. | | | | Apple unveiled new features and accessories for the iPad Tuesday, in what CEO Tim Cook called "the biggest day for iPad since its introduction." | | | | The Federal Aviation Administration began a new probe into Boeing following notice that some 787 production records may have been falsified. | | | | Hormel is recalling two varieties of Planters peanuts products distributed to five states due to the possibility they are contaminated with listeria. | | | | The Atlas 5 rocket that would have carried the Starliner and two astronauts into space was ready for takeoff Monday before the mission was scrubbed. | | | | It's a problem but one you can overcome with the right strategy. | | | | The NHTSA recently announced recalls for 257,495 vehicles. This includes Hyundai and Ford vehicles. | | | | Most million-dollar-plus portfolios start growing slowly — and then wild things happen. | | | | A cleaning company has agreed to pay nearly $650,000 after federal investigators found the company employed dozens of children at slaughterhouses. | | | | |  | 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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