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. |
The U.S. retirement system received a grade of C+ in a new ranking of global retirement systems. |
The U.S. system, which is funded mostly by individual retirement accounts (IRAs), 401(k)s and Social Security, came in 29th out of 48 countries, according to the Mercer CFA Institute Global Pension Index, Medora Lee reports. Its overall score dipped to 60.4 out of 100, down from 63 last year and 63.9 in 2022. It was also below the overall global average of 63.6. |
True Value files for bankruptcy |
Hardware wholesaler True Value has filed for Chapter 11 bankruptcy amid plans to sell its business to home improvement rival Do It Best, Eric Lagatta reports. |
True Value, based in Chicago, said in a press release that all of its 4,500 stores will remain open during the bankruptcy process, because they are independently owned. The 75-year-old company initiated the proceedings in order to enter into an agreement with Do It Best, which has offered to pay $153 million in cash to purchase the business, Reuters reported. |
For more on why True Value filed for bankruptcy and what will happen to the stores, read the story. |
College applicants avoid entire states over politics |
More than one-quarter of college applicants have ruled out a school solely because of the political climate in its state, a new survey finds. |
And those concerns span the political spectrum. |
Liberal applicants exclude colleges in states with restrictive abortion laws or lenient gun laws, the survey found. Conservative students avoid applying to schools in states with liberal LGBTQ laws and lenient crime statutes. |
And that's a problem for colleges, analysts say, at a time when enrollment is flagging. |
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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. | | | | Americans know the US retirement systems isn't great. Mercer's latest global rankings show just how it stacks up against other countries. | | | | Hardware wholesaler True Value has filed for bankruptcy amid plans to sell its business to its home improvement rival Do It Best. | | | | More than one-quarter of college applicants have ruled out a school solely because of the political climate in its state, a new survey finds. | | | | It's time to load up on pumpkin spice lattes, pumpkin ale and pumpkin spice trail mix. But be prepared to pay. | | | | As a leader, it's important to be intentional about maintaining the integrity of your workplace culture, including poor attendance. | | | | You don't need a designated driver (or alcohol) to bar hop at Walt Disney World. | | | | USA TODAY gets an exclusive look at the new finishes Delta will begin rolling out across its fleet cabins later this month. | | | | Massachusetts may become the third state to legalize psychedelics. But the industry faces hurdles cannabis never did. Here's why this is not weed 2.0 | | | | Young people drove population growth in large cities for decades but have bolted for small towns since 2020 even though COVID-19 has eased. | | | | 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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