ALL THE MONEY NEWS YOU NEED TO KNOW | |
Good morning and Happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused edition of The Daily Money. |
The national median apartment rent is $1,402, according to Apartment List data. |
Researchers at Harvard University's Joint Center on Housing Studies, in an annual report released in June, noted that rental "unaffordability" had hit an all-time high for the third year in a row. | Apartment for Rent sign. Kris Craig/USA TODAY NETWORK via Imagn Images |
Gen Z's financial wake up call |
Members of Generation Z are becoming more financially independent — a likely welcome reprieve for their parents. |
Over the last 12 months, 72% of Gen Z took steps to improve their financial health, and fewer Zers are relying on monetary support from family, according to a new Bank of America survey of 1,069 adults. |
While they may be known for challenging traditional workplace norms and the Gen Z stare, Zoomers are also leading the way in prioritizing income diversification, entrepreneurship, and values-based spending. |
Reclaiming family land lost in the Deep South |
Have you heard of heir's property? It is property that is passed informally between family members without official documentation. Earlier this summer, reporter Andrea Riquier and a camera/video crew accompanied Saul Blair on a journey to try to reclaim some of his family's land. |
📰 Consumer stories you shouldn't miss 📰 |
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. | | Rents are getting higher across the country, squeezing even middle-income Americans, but there are still some areas that remain affordable. | | Gen Z is slowly stepping off their parents' payroll, but a majority are dissatisfied with their income and the cost of living. | | | | Saul Blair has devoted years of his life to reclaiming family land purchased by his great-grandfather in the years after slavery. | | | | President Donald Trump plans to launch a 100% tariff on non-U.S. computer chips. Experts say the move could hurt consumers. | | | | Several companies in recent weeks have reported during their earnings reports that low-income shoppers are pulling back on spending. | | | | The cheapest hybrid car of 2025 is a small Toyota sedan. Here's why it's worth buying and how it compares to rivals. | | | | Still feeling underpaid in 2025? Here's how workers and employers can address pay frustration, from salary research to transparent promotion paths. | | | | The president is scheduled to sign executive orders at 12:00 ET, according to a White House public schedule. | | | | Widespread tariffs are now in effect on most goods imported to the U.S., but duty-free shops aren't necessarily cheaper. | | | | 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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