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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Aug 5 2025

Daniel de Visé | Personal Finance Reporter

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

While economists have viewed the U.S. labor market as resilient in recent months, some warn that cracks have started to emerge – including among the country's Black workforce.

The unemployment rate for Black Americans hit 7.2% in July, up from 6.3% a year ago. Here's why that may be a troubling sign.

Student loan payments increasing

Millions of student loan borrowers who were enrolled in a Biden-era repayment plan will soon see their monthly payments increase.

Nearly 8 million borrowers in the Saving on a Valuable Education (SAVE) plan are now collecting interest on their loans for the first time since former President Joe Biden placed the group in forbearance in July 2024, pausing both monthly payments and interest accrual.

Here's what that means for future payments.

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

A popular pastime among Americans of a certain age is to wage an internal debate about when to claim Social Security: At age 62? Sixty-five? Seventy?

In purely monetary terms, as it turns out, the question has a simple answer, and you can find it right on the Social Security website.

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.