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. |
Do you know what MKT means? |
How much money does it take to be financially 'comfortable'? |
You don't need a million dollars to be financially comfortable. A little over $800,000 will do. |
That's the takeaway from the new Modern Wealth Survey by Charles Schwab. |
Cities where Social Security goes furthest |
Social Security is supposed to replace about 40% of the income earned in working years, according to the federal agency. That's why Americans are urged to save for retirement. |
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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. | | A trio of Gen Zers got a shock when they ordered steaks and didn't know what MKT meant on the menu. | | Most people think you need millions to be wealthy. But what if you merely want to be "comfortable"? | | | | It's said that Social Security covers 40% of pre-retirement income. In big cities, it may not even go that far. | | | | Federal Reserve is likely to leave key interest unchanged and avoid hints on whether a September cut is likely amid tariff uncertainty, Trump pressure | | | | If Congress does nothing, Social Security recipients may see a 24% cut in annual benefits in 2033, a new analysis shows. | | | | The move allows the company to open more stores in the future in places where they otherwise couldn't due to limited delivery distances. | | | | During lean financial times in my life, avoiding a monthly car payment was key. That meant driving a paid-off SUV all the way into the ground. | | | | Not all stocks in the index are doing well. If you're hunting for beaten-down bargains, these two laggards should top your watch list. | | | | A growing number of travelers are embracing Hawaii's "malama" spirit by volunteering during their trips. | | | | 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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