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. |
Is it possible to live comfortably in retirement on Social Security income alone? |
Over the weekend, we published a "long read," one of those articles that you'll want to sit down with some coffee and read in full. It's based on interviews with seven households, all of them retired and living mostly on Social Security. We'll let them tell you how they're doing. |
On the campaign trail, Donald Trump promoted the idea that white Americans were targets of racism, and he made reversing Joe Biden's "woke takeover" of Washington a priority of his second term. |
Now, with Republicans in control of the White House and both branches of Congress in 2025, the president-elect is in a position to make good on his promises, Jessica Guynn reports. |
How borrowers are reacting to rate cuts |
When William Doolittle and his boyfriend applied for a mortgage loan in early September, the couple decided to hold off on locking in a 5.125% rate. The Federal Reserve was expected to lower its key interest rate later that month. Doolittle and his partner hoped the cut would drive down mortgage rates even further. |
Mortgage rates have been ticking up, Bailey Schulz reports, even after the Fed's rate cuts. Why is that happening, and what are borrowers to do ? |
📰 More stories you shouldn't miss 📰 |
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. | | | | USA TODAY reached out to retirees across the country who are living mostly on Social Security, to ask how they were doing. | | | | With Republican control of the White House and Congress in 2025, Trump is in a position to make good on his campaign promises to crack down on DEI. | | | | The Federal Reserve's interest rate cuts can influence the rates on various loans, but timing big purchases to the Fed's rate cuts isn't always easy. | | | | How do you get your money back without things getting too awkward? | | | | Prices rose 2.6% between October 2023 and the same month in 2024, an unremarkable figure. Yet, inflation seems to be on everyone's minds. | | | | The Federal Reserve hasn't raised interest rates since the summer of 2023. But America's retailers apparently didn't get the memo. | | | | Social Security: Figure out the best age to claim benefits to maximize your payments. | | | | Will you be surprised? Here's a hint: It's an American automaker. | | | | More than a third of teens are concerned about the impact of inflation on holiday shopping, according to a new Junior Achievement study. | | | | 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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