Thursday, February 5, 2026

They're cutting jobs like it's 2009

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Feb 5 2026

Daniel de Visé | Personal Finance Reporter

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

Employers are cutting jobs at a rate not seen since the Great Recession, according to a report out today, in the latest sign of looming economic uncertainty.

Are you a 'hidden millionaire'?

If you have a seven-figure net worth but don't really consider yourself wealthy, you may be part of a growing population of "hidden millionaires."

And if you're a newly minted millionaire, here are 6 money mistakes to avoid .

Rising living costs inspire a wave of 'unretirees'

When Diane Wetherington retired from a long career as a purchasing and contracting agent, she thought she had enough money to live comfortably, travel the world and babysit her six grandsons.

Today, however, Wetherington belongs to a growing wave of "unretirees," who are rejoining the workforce and working well past the traditional retirement age.

📰 More stories you shouldn't miss 📰

•	Does Nike discriminate against white people?
•	Obamacare enrollment drops as costs soar
•	A new Tesla courts budget buyers
•	Shoppers go nuts for "crying" stuffed horse
•	Frigid weather brings out the scammers

Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here.

Most job cuts announced since 2009 as economy wobbles

People at a job fair in south Florida. How are layoffs impacting the economy?

U.S. employers announce most cuts since the depths of the Great Recession in a signal economic uncertainty may be taking a toll.

"Cash drag" happens when you have investment funds tied up in cash, rather than invested in financial markets.

Are you a 'hidden millionaire'? Don't make these 6 money mistakes.

America has a growing population of "hidden millionaires," who got rich on retirement savings and real estate. They need help with money management.

4 in 10 older Americans said they "unretired" to afford everyday living expenses, according to a new AARP survey shared exclusively with USA TODAY.

The great unretirement? Why it's getting harder to stay retired

Four in 10 older Americans said they "unretired" to afford everyday living expenses, according to a new AARP survey shared exclusively with USA TODAY

The Nike stock ticker is seen on display on the floor of the New York Stock Exchange during afternoon trading on December 21, 2022 in New York City.

Nike DEI investigated for discriminating against White people

The EEOC is investigating Nike over its treatment of White employees, making good on the Trump administration pledge to crack down on DEI policies.

Enhanced premium tax credits for enrollees in the Affordable Care Act Marketplace expired Dec. 31, 2025. The subsidies were first given to ACA enrollees in 2021 as a temporary measure to help Americans get through the COVID-19 pandemic. Democratic leaders in power at the time then extended them. According to The Urban Institute, in 2026 the cost of buying a federal government marketplace plan will be more than four times greater for low-income people. For middle-income people, costs will typically more than double.

Obamacare signups dropped by 1.2 million. Here's why that may change.

About 23 million Americans signed up for ACA coverage despite the loss of enhanced tax credits. Congress has little momentum to revisit ACA subsidies.

Customers sit in a Tesla Model Y electric vehicle at the carmaker's delivery centre in Beijing, China Jan. 8, 2025.

Tesla rolls out new Model Y variant for budget buyers

Tesla has launched a new version of its popular Model Y electric mid-size SUV that starts at just under $42,000 as it plans to kill other models.

A sad horse plush from China went viral after a manufacturing error turned what was supposed to be a smiling toy into a "crying horse."

Horse plush goes viral for accidental frowny face

Bright red stuffed horse toys sold in China have gone viral for a manufacturing error that turned a sweet smile into a frowny face.

Man shoveling the driveway after a heavy snowfall

Frigid winter weather brings out scammers looking to trick you

Scammers exploit extreme weather, impersonating utility companies or offering quick repairs. Learn how to spot these traps and protect your money.

Colorado: Racers make their way up to Mosquito Pass during the 70th Annual Burro Days Race in Fairplay, Colorado, on July 29, 2018.

The 16 states you need a $1 million to retire

A report by personal finance site GOBankingRates names 16 states where they say at least $1 million in savings is needed to retire comfortably.

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