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Monday, 27 October 2025

Are Americans losing faith in Social Security?

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon Oct 27 2025

 

Daniel de Visé Personal Finance Reporter

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

It's Monday. You're tired. We'll keep things brief:

Most Americans think Social Security won't be there for them when the time comes. Are they right?
These 8 'financial fixes' can save you money, and they take an hour or less
Here's why beef prices are going up

We're not implying those three stories are better than the five below. Read on for the latest on taxes, Social Security and − this'll wake you up − eyes-free driving.

📰 More stories you shouldn't miss 📰

Larger tax refunds await, thanks to the One Big Beautiful Bill Act
New rules for charitable donations at tax time
Are SNAP benefits running dry?
These states won't tax your Social Security
What's all this about 'eyes-free driving'?

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

The logo of the US Social Security Administration is seen outside a Social Security building, November 5, 2020, in Burbank, California.

Three-quarters of American workers fear Social Security won't be there for them when they retire, a new survey finds.

The logo and trading information for Credit reporting company Equifax Inc. are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 26, 2017.
 

8 'financial fixes' you can do in an hour or less

Here are 8 financial steps that can help you save more or spend less, inspired by AARP.

On Oct. 20, 2025, the National Cattlemen's Beef Association responds to comments from President Donald Trump that suggested importing beef from Argentina would be a solution to lower beef prices. "This plan only creates chaos at a critical time of the year for American cattle producers, while doing nothing to lower grocery store prices,
 

Why are beef prices going up? What to know as politicians beef over cattle production

Beef production is slowing down in the United States, contributing to higher prices. Trump hopes Argentine imports can change that.

The average federal income tax refund in 2024 was $3,138 based on IRS data through Dec. 27, down 0.9% from the same period in 2023.
 

Americans may get larger tax refunds in 2026. Here's why

Americans may see larger tax refunds in 2026, thanks to the IRS updatng delays to account for Trump's retroactive tax provision, an economist says.

Maddy Jones/mjones@citizen-times.com  Volunteers serve a healthy, hot meal of tilapia, broccoli, rice and peach cobbler at the Steadfast House, a local ABCCM shelter for women and children who are victims of domestic violence.  Volunteers serve a healthy, hot meal of tilapia, broccoli, rice, and peach cobbler November 11, 2015 at the Steadfast House, a local ABCCM shelter for women and children who are victims of domestic violence,    Volunteers serve a meal of tilapia, broccoli, rice and peach cobbler at the Steadfast House, an Asheville-Buncombe Community Christian Ministries shelter for women and children who were formerly homeless, victims of domestic violence or have other housing needs. National fears that a tax law change would reduce charitable giving have, for the most part, not been realized at local charities like ABCCM.    Ashbrd 06 14 2017 Act 1 A006 2017 06 13 Img 635840539210890988 M 1 1 Ceimgkjb L1046583861 Img 635840539210890988 M 1 1 Ceimgkjb
 

How Trump's charitable tax deduction laws may influence when you give

2025 may be a pivotal year for charitable giving because deduction rules are changing next year. What to know to maximize your gifts.

A handwritten sign advertises that "Food Stamps (EBT)" are accepted at a convenience store in Chelsea, Massachusetts, on Oct. 24, 2025.
 

SNAP benefits won't go out Nov. 1, USDA says. What to know.

"The well has run dry," The U.S. Department of Agriculture said about November food stamps.

IRS building exterior with
 

These states won't tax your Social Security or retirement income

Some retirees will find themselves living in much more tax-friendly states than others.

GM CEO Mary Barra and other senior leaders unveiled a series of AI-enabled initiatives at a media event in midtown Manhattan that the company called
 

GM plans to roll out eyes-free driving by 2028

GM CEO Mary Barra and other senior leaders unveiled the series of AI-enabled initiatives at a news media event in midtown Manhattan.

Home sales rose slightly in September as mortgage rates declined.
 

Mortgage rates hit 13-month low. Will it energize housing?

Rates for home loans are at the lowest in more than a year and housing activity is responding – a bit.

USA TODAY
 

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