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Tuesday, 12 August 2025

The final tally of Medicaid cuts

07:17

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Also: The ballooning price of bag lunches ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Aug 12 2025

 

Daniel de Visé Personal Finance Reporter

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

About 10 million Americans are expected to lose health insurance under President Donald Trump 's tax cut and spending law, the nonpartisan Congressional Budget Office says.

Is inflation stealing your kid's lunch money?

Perla Lozano's two kids are about to start school. They'll be taking a lunch that their mom packs every day, even though brown-bagging is likely more expensive than buying a lunch at school — and the costs are going up.

Here's why parents are still packing lunches.

📰 More stories you shouldn't miss 📰

The best-paying jobs for all 16 personality types
Walmart to pay $5.6 million for overcharging customers
Not everyone likes the Cracker Barrel remodel
Is there a right way to quit a job?
Social Security benefit "cuts," explained

📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

A record number of Americans are turning 65 each year through 2027, but to receive full Social Security benefits, that's not quite old enough.

In 1983, Congress passed a law to gradually raise the full retirement age, as a way to stretch out dwindling Social Security funds and to recognize that Americans are living longer.

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.

House Republicans applaud President Donald Trump after he signed the One Big Beautiful Bill Act at the White House on July 4, 2025.

The CBO also estimated low-income Americans will lose about $1,200 per year due to Medicaid changes and reductions in food assistance.

Colorful lunch box during the first day of classes of Oklahoma City public schools at Ridgeview Elementary Tuesday, Aug. 13, 2024.
 

Why are parents willing to pack school lunch, even with high prices?

Here is why parents are willing to spend more to pack school lunches, even though costs are rising

Surgeon is the highest-paying job suited to the ISTJ Myers-Briggs personality type, according to a new report.
 

Here is the best-paying job for every Myers-Briggs personality type

Too few jobseekers stop to consider what field might suit their personality. If you know your Myers-Briggs personality type, here's a job for you.

The company logo is shown on the front of the building at a Walmart store on May 18, 2023 in Chicago, Illinois.
 

Walmart to pay $5.6 million for overcharging customers. What to know

The nation's largest retailer will pay millions in a consumer protection lawsuit settlement. Here's what you need to know.

A newly remodeled Cracker Barrel restaurant in West Asheville, North Carolina in 2025.
 

Some Cracker Barrel fans share distaste with remodeled restaurants

Remodeled Cracker Barrel restaurants feature a cleaner look with brighter lighting and fewer wall decorations.

In the context of your professional career, how you resign can help or hurt you in the long run.
 

How you resign from a job does matter

In the context of your professional career, how you resign can help or hurt you in the long run.

Social Security cards.
 

Here's what's really happening to Social Security benefits

The program is looking at cuts, but they're not a given.

The average monthly Social Security benefit will increase from $1,927 to $1,976 in 2025 after the cost-of-living adjustment this year, according to the Social Security Administration.
 

Are you old enough for full Social Security benefits? How it works.

Full retirement age for Social Security benefits has been inching up to 67 from 65. This year, it finally hits 67. Here's what that means for you.

Saul Blair's efforts to reclaim land purchased by his great-grandfather a few decades after the Civil War has hit roadblocks, but he keeps pushing.
 

The heir's property: reclaiming family land lost in the Deep South

Saul Blair has devoted years of his life to reclaiming family land purchased by his great-grandfather in the years after slavery.

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