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Wednesday, 30 April 2025

A rush on Social Security claims

Also: Social Security cards go digital ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed Apr 30 2025

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money, Social Security edition.

At a recent internal meeting, a Social Security administrator projected some numbers on a screen to illustrate a remarkable trend: New benefit claims were up by more than 15% in March, compared with the same month a year ago.

Leland Dudek, the acting Social Security commissioner, chimed in to ask the presenter if the chart showed what he thought it did: that Americans are rushing to claim Social Security now, because they're worried about the stability of the retirement trust fund in the future.

Social Security card goes digital

A new and digital alternative to the traditional Social Security card will be available by early summer, the Social Security Administration announced.

The agency will introduce a feature that allows all Social Security account holders the ability to access and view their Social Security number online.

The move comes weeks after Social Security walked back plans to reduce over-the-phone services and provided clarity about which account holders had to verify their identity in person.

Americans are snacking less

Americans are grabbing for snacks less, and it appears to be for a variety of reasons, including worries about money, the desire to eat healthier and reduce artificial dyes as well as the increased use of prescription drugs that suppress the urge to munch between meals.

Executives for several large brand-name snack companies, including the makers of Doritos and DingDongs, have said their sales have been affected by shoppers buying fewer snack products.

📰 More stories you shouldn't miss ðŸ“°

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Tariffs and Social Security

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.

U.S. Rep. Julia Brownley said staffing cuts to Social Security are making it more difficult for seniors to access benefits. She spoke in front of a Social Security Administration office in Thousand Oaks on Monday, April 21, 2025.

Agency officials discussed the rise in Social Security claims in an internal meeting, which wound up on YouTube.

An assortment of U.S. social security cards are displayed in this photo illustration.
 

Social Security to roll out digital alternative for identification cards

The Social Security Administration will grant account holders "digital access" to their Social Security numbers early this summer. Here's what to know.

Potato chips and other crunchy snacks on shelves at Trader Joe's on Wednesday, June 26, 2024, in Meridian Township, Michigan.
 

Americans are munching on snacks less. Why?

Makers of several brand names of chips and other snack products are reporting slow sales. Why?

FILE PHOTO: A sign reads
 

How Americans lost savings in fintechs and their fight to get it back

Tens of thousands of Americans saved money in fintechs that said their money was FDIC insured. When things went wrong, that wasn't exactly true.

Shelley Catari assembles engine components for a Chrysler minivan on the assembly line at the Chrysler Windsor Assembly plant January 18, 2011 in Windsor, Ontario, Canada.
 

125,000 Canadian auto workers brace for Trump's tariffs

President Donald Trump threatened to hike the 25% tariffs on Canadian cars. Canada's auto workers already fear the worst.

Credit score illustration
 

What affects a credit score? Expert tips on how to raise yours

Millions of Americans struggle with low credit scores. How they're measured and how to raise yours.

001 2025 Tesla Model Y SPPD Police
 

The rise of electric police cars: The Tesla Model Y joins the force

How police departments decide what vehicles to put in their fleets is totally different from how you go about choosing your daily driver.

U.S. Capitol building overlaid with Social Security cards and $100 bills.
 

Social Security shake-up: The hidden effects of Trump's latest tariffs

If you're currently receiving or will receive Social Security benefits soon, here's what you should know.

A UPS truck is driven down a street on April 1, 2024 in Ontario, California.
 

UPS profit beats estimates, announces job cuts on lower Amazon shipments

United Parcel Service said it will cut 20,000 jobs and shut 73 facilities to lower costs and to brace for a potential pullback from its largest customer, Amazon.

USA TODAY
 

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Tuesday, 29 April 2025

Tariffs come to Temu

Also: 7 million Americans have Alzheimer's ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Apr 29 2025

 

Daniel de Visé Personal Finance Reporter

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

If you were searching for concrete proof that tariffs raise prices, look no further than Temu.

The e-commerce giant has implemented a new import charge, more than doubling the price of many items shipped from China. Known for its low, low prices for clothing and convenience items, Temu must now accommodate President Donald Trump's 145% import tariff.

More than 7 million Americans have Alzheimer's

A new report suggests up to 7.2 million Americans aged 65 and older are living with Alzheimer's disease, an increase of about 300,000 cases of the mind-robbing disease from a year ago.

An Alzheimer's Association report, released April 29, said the total annual cost of caring for people living with Alzheimer's and other forms of dementia will reach $384 billion in 2025. That figure doesn't include the cost of unpaid care from 12 million family members and friends who provide billions of hours of care.

Musk fades from White House spotlight

Hours after President Donald Trump's inauguration, a triumphant Elon Musk  took the stage at a Trump rally in Washington and boasted, "I'm going to work my ass off for you guys."

But now, 100 days into Trump's second White House term, the Musk who once held up a chainsaw to display his power as a government slasher, and who became the most prominent face of the White House after Trump, has started to disappear

📰 More stories you shouldn't miss ðŸ“°

Amazon sellers are pulling out of Prime Day
Lays, Tostitos halt artificial dyes
Uber offers free rides to the prom
Canadians are forgoing trips to the U.S.
How tariffs affect Social Security COLA

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.

The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023.

Temu has a new import charge that more than doubles the price of many items shipped from China, in response to imposed tariffs by the U.S.

Hundreds join the fundraiser Walk to End Alzheimer's at the University of the Pacific in Stockton. An estimated 7.2 million Americans age 65 and older are living with Alzheimer's disease, a new report shows.
 

More than 7 million Americans have Alzheimer's. Is research at risk?

A new report shows up to 7.2 million Americans aged 65 and older are living with Alzheimer's disease, an increase of about 300,000 cases.

Elon Musk looks on during a Cabinet Meeting in the Cabinet Room of the White House March 24, 2025 in Washington, DC.
 

Elon Musk takes a backseat as Donald Trump reaches 100 days

Elon Musk burst into Trump's White House as the chainsaw-wielding government slasher. But 100 days into Trump's term, his role is diminishing.

A customer drops off her return during Amazon Prime Day on July 12, 2022 in Alhambra, California.
 

Some Amazon sellers are pulling out of Prime Day amid Trump tariffs

Amazon's Prime Day is losing its luster among a critical group: sellers.

Bags of Lay's potato chips are displayed on a shelf at a grocery store on Feb. 10, 2023 in San Rafael, California.
 

Lays, Tostitos to halt artificial dyes this year after RFK decision

Lays and Tostitos will stop using artificial colors by the end of the year to accommodate the new phase-out of petroleum-based synthetic dyes.

Uber is offering teens free rides to prom and back up to $20 starting April, 29, 2025 in a deal that lasts for 90 days.
 

Uber offers teen free rides to prom and back home. How to request one

Uber is offering free rides to prom and back home for up to $20 starting Tuesday, April 29, including UberXL rides for groups of six or less.

Backcountry skiers hike the Chic-Choc mountains in the region of Gaspésie in Quebec, Canada, on March 2, 2019. - Sunny weather and cool temperatures allowed skiers to enjoy the March snow in this eastern region of Quebec where several meters of snow fall each year. (Photo by Julien BESSET / AFP)  (Photo credit should read JULIEN BESSET/AFP via Getty Images)
 

Canadians are canceling their US trips to reconnect with this country

The U.S. used to be the most popular destination for Canadians, but the political climate is driving them elsewhere.

A hand tearing part of an orange piece of paper to reveal the word "tariffs."
 

How Trump's tariffs could impact your Social Security COLA

Could tariffs even impact retirees' Social Security benefits? The answer just might be "yes."

Shoppers walk through the Manhattan Mall in New York. Consumer spending has held up so far despite concerns about tariffs.
 

As Americans cry recession, economy whispers soft landing. Who's right?

As Trump's tariff war rages, some experts cite solid economy to argue a recession will be dodged. Others say weak sentiment bolsters opposite view.

USA TODAY
 

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Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more.

 

Sign up for the news you want

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