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. |
As we have previously reported, consumers are preparing for a 24-hour economic blackout on Friday, Feb. 28. It is one of several boycotts planned by groups of consumers or activists to protest what they term corporate greed, companies that have rolled back their diversity, equity and inclusion efforts, and President Donald Trump's efforts to eliminate federal DEI programs since taking office. |
On Friday, consumers are encouraged not to spend any money anywhere for one day. And if you do have to buy something? Here's what to do. |
Minivans and minimum payments: Millennials deal with debt |
More millennials are entering debt consolidation, new data suggests, a worrisome trend for a generation that has fared comparatively well with its finances in recent years. |
Millennials, born between 1981 and 1996, represent 43% of new counseling clients at Money Management International, or MMI, leading all other generations, the debt-counseling nonprofit reports. The agency's average millennial client now carries $30,000 in unsecured debt, including credit card debt. |
Federal income tax refunds are starting to flow from the Internal Revenue Service, and you may be getting back more than you expected, a new analysis suggests. |
An Oxford Economics report released Monday shows total tax refunds closely match those of the past five years. But the total dollars returned to taxpayers could be among the highest in recent years. |
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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. | | | | Consumers are encouraged not to spend any money on Feb. 28 and if an emergency arises, shop local. | | | | Millennials now make up the largest generation seeking debt counseling, according to data from a national nonprofit agency. | | | | If you're expecting an IRS refund this year on your federal taxes, you might get an unexpected boost if your pay didn't. | | | | Without adequate savings, retirement is stressful. But earmarking money for retirement is the first in a series of strategic moves you have to make. | | | | McDonald's promised not to add surcharges for items that include eggs amid a nationwide surcharge that has led some other restaurants to charge more. | | | | Social Security Administration says it's processed 30,000 claims under the Social Security Fairness Act. Only about 2.97 million more to go. | | | | Because of the calendar, Social Security recipients who get Supplemental Security Income benefits get their March 2025 check on Feb. 28, 2025. | | | | Elon Musk's DOGE team says it saved hundreds of millions of dollars at the Education Department. But a new analysis shows it's wasting money, too. | | | | DOGE's attempt to trim jobs may be new for the federal workforce, but one expert said the strategy was ripped from the private sector's playbook. | | | | 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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