The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed Nov 20 2024

Daniel de Visé | Personal Finance Reporter

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

Americans' deep-seated frustration with inflation propelled Donald Trump to victory in the presidential race this month.

But will Trump's policies ease inflation? Or could they make it worse?

Now that Trump is set to take office in January, here's a look at inflation and where economic forecasters say it's likely headed.

Do rich folks shop at Walmart?

Walmart may have started out as a retailer geared to budget-sensitive consumers, but its customer base is continuing to grow, thanks to more affluent shoppers.

The retailer saw share gains in new shoppers across income levels, a trend mainly led by upper-income households, which make more than $100,000 in annual income, Betty Lin-Fisher reports.

Here's why the well-heeled are warming to Walmart.

A pre-owned holiday gift?

Consumer sentiment about gifting secondhand or pre-owned items has been changing, especially when it comes to holiday shopping, Betty Lin-Fisher reports.

A new study found that 59% of people will check for the pre-owned version of a product while doing online shopping first. And the younger generation is leading the charge.

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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.