ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
Lower-income households aren't the only ones living paycheck to paycheck. |
A growing share of middle- and higher-income families are spending virtually all of their paychecks on essentials and have little or nothing left over each month for discretionary purchases or savings, Paul Davidson reports. (Hmm: Sounds like many journalists we have known.) |
The trend could curtail consumer spending, which makes up 70% of economic activity. |
Caregivers, too, are struggling financially |
When she was 29 years old, Jacquelyn Revere received a phone call from a family friend while riding the New York City subway to a comedy show. Revere needed to go home to Los Angeles right away. Something was wrong with her mom. |
Revere immediately took a 21-day leave from her job and flew to California. She would spend the next six years caring for her mother and grandmother, both dementia patients. |
College tuition is getting cheaper |
Americans love to grouse about the rising cost of college. But consider this: The average in-state student at a public university now pays only $2,480 a year in net tuition and fees. |
Tuition, of course, is only one item on the list of college expenses. Room and board can cost more. But the full cost of attending a public college is falling, rather than rising, after you adjust it for inflation. |
The average net price in tuition and fees for an in-state student at a four-year public college has plummeted by 40% in a decade, after inflation, from $4,140 in 2014-15 to an estimated $2,480 in 2024-25, according to a new report from the College Board. |
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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. | | | | More households are living paycheck to paycheck, or spending all their income on essentials - Including 20% of families earning more than $150,000 | | | | Caregivers can find up to a 90% deficit in retirement savings vs non-caregivers, a study says. This adds to the US retirement crisis and need for help | | | | Americans love to grouse of about the high cost of college tuition. A new report tells another story. | | | | The economy grew 2.8% in the third quarter as consumers kept spending | | | | Project 2025, a blueprint for a second Trump term that he has alternately embraced and distanced himself from, overhauls overtime protections. | | | | Homeownership still makes more sense than renting for many Americans, even if the market is tough right now | | | | McDonald's growth in U.S. sales was driven by $5 Meal Deals. It doesn't expect an E. coli outbreak tied to Quarter Pounders to impact its performance. | | | | Condoms are the latest "medical expense" that's tax deductible if you itemize, the IRS said. If you don't itemize, see how you can still save. | | | | Most lucrative jobs you can get without a degree require a training or technical skills. USA TODAY reviewed some of those that offer a liveable wage. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | 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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