ALL THE MONEY NEWS YOU NEED TO KNOW | | | | Daniel de Visé | Personal Finance Reporter
| | |
Good morning! It's Daniel de Visé with your Daily Money. |
Trump says his tax bill, which won approval from a key congressional committee on May 18, would lower taxes for all Americans. |
It's true that certain Americans will see after-tax income gains if the bill passes. But analyses from nonpartisan organizations suggest top earners stand to gain the most from these tax cuts, while some of the lowest earners may actually lose income. |
American women stand to inherit $50 trillion |
Much has been written about the Great Wealth Transfer, a historic passing of assets from the oldest Americans to younger generations over the next two decades. But the kids may have to wait. |
Between 2024 and 2048, an estimated $54 trillion will pass from one spouse to another, rather than to children or grandchildren, in a wave of "horizontal" transfers that follow the death of a husband or wife. |
Get ready for an expensive summer |
Skyrocketing prices might not be top of mind for many consumers this spring, especially in light of significantly lower gas prices at the pump right now. But many economists warn that consumers should get ready to pay more for some things this summer. |
📰 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. | | The GOP tax bill could boost the highest-earning Americans' incomes while hurting low earners, according to findings from nonpartisan research groups. | | A coming wave of "horizontal" wealth transfers will send more than $50 trillion to older American women, according to a recent report. | | | | Skyrocketing prices might not be top of mind this spring. But many economists warn that consumers should get ready to pay more as soon as summer. | | | | When looking for a new job, Iif you have a good relationship with your manager, it may be worth having an open and professional conversation. | | | | Unconscious beliefs, often rooted in childhood, can affect your financial behaviors in adulthood. How to flip the script on those that are harmful. | | | | Insurance protects homeowners from financial distress after climate disasters, but existing guidelines don't cover the scope of the problem. | | | | President Donald Trump's administration has frozen or ended federal grants and contracts for the university worth nearly $3 billion in recent weeks. | | | | On Sunday, Treasury Secretary Bessent told NBC News' "Meet the Press" the administration was focused on its 18 most important trading relationships. | | | | What do you do if you don't need the money from your required minimum distributions just yet? Here are five ideas. | | | | 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. | | | | | |
No comments:
Post a Comment