Thursday, October 31, 2024

Holiday shopping starts early

Also: Bank sues customers ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Oct 31 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

When it comes to holiday shopping, if you're on time, you might already be too late.

Many retail stores have started preparing for holidays earlier than ever: Halloween items hit shelves as early as August, with Christmas and Hanukkah decorations popping up in October, or even September, Felecia Wellington Radel reports.

If consumers wait too long to make holiday purchases, they may find stores have moved on to the next big event.

You've heard of customers suing a bank, but. . .

Here's a variant on the old "man bites dog" story.

JPMorgan Chase, the financial institution, has begun suing customers who are alleged to have stolen hundreds of thousands of dollars by taking advantage of a technical glitch that allowed them to deposit fraudulent checks and then quickly withdraw large sums of cash from ATMs.

The "infinite money" glitch went viral on TikTok and other social media platforms in late August, showing people depositing checks and then immediately withdrawing "free" money before the check cleared, Max Hauptman reports.

On Monday, the bank filed lawsuits in three federal courts against two people and two businesses, alleging that they collectively withdrew almost $662,000.

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📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

A recent survey from a global investment firm uncovered a rare point on which Republicans and Democrats seem to agree: America faces a retirement savings crisis. 

Only about half of American households have retirement savings accounts. The Social Security program may soon run short of money, and those benefits were never meant to cover the full costs of retirement. 

In an August survey, BlackRock asked 1,000 registered voters for their thoughts on retirement security in America. The responses transcended party lines

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

Which department store offers the best shopping?

If consumers wait too long to make holiday-related purchases, they may find stores have moved onto the next big event, leaving options limited.

JPMorgan Chase Bank is seen in New York City, U.S., March 21, 2023. REUTERS/Caitlin Ochs
 

Bank sues customers over viral ATM glitch to withdraw 'free' money

JPMorgan Chase filed four lawsuits on Monday against customers who scammed the bank out of hundreds of thousands of dollars exploiting an ATM glitch.

Donald Trump supporters fly flags bearing the former president's image in the park located just west of Trump's home, Mar-a-Lago, following yesterday's attempted assassination of Trump at his golf course in West Palm Beach September 16, 2024.
 

Whether you're Republican or Democrat, retirement saving is scary

A survey asked voters if they think there is a retirement savings crisis in this country. The responses transcend party lines.

Vice President and Democratic presidential candidate Kamala Harris gestures as she speaks at a campaign event at James R Hallford Stadium in Clarkston, Ga., on Oct. 24, 2024.
 

Harris and Trump offer different fixes, reasons for housing crisis

At least 80% of voters surveyed by Redfin said that housing affordability is essential to their vote. Harris and Trump have different fixes.

A couple at a vacation home on the water.
 

More travelers are getting a 'sleep divorce.' Here's why.

As more travelers prioritize better sleep, they're choosing to sleep in different beds. Here's why it can actually help your relationship.

Woman eating burger.
 
Most Americans -- 76%, in fact -- live paycheck to paycheck. Don't be one of them.
 

Many higher income people are living paycheck to paycheck too

More households are living paycheck to paycheck, or spending all their income on essentials - Including 20% of families earning more than $150,000

University of Oregon graduate Ethan Hosford, center, dances with the Oregon Duck and fellow students during the 147th Commencement ceremony at Autzen Stadium Monday, June 17, 2024.
 

Do I really need that student loan? The latest college tuition trend.

Americans love to grouse of about the high cost of college tuition. A new report tells another story.

Shoppers fill the mall as they look for holiday gifts on Black Friday at The Gardens Mall in Palm Beach Gardens, Florida on November 24, 2023.
 

US economy grew 2.8% in the third quarter

The economy grew 2.8% in the third quarter as consumers kept spending

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