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. |
Boomers are aging, and the gradual passing of that generation has set off an estimated $124 trillion transfer of wealth to younger generations and charities, Medora Lee reports. |
How long does $1m last in retirement these days? |
A million dollars is an aspirational retirement-savings goal, celebrated in articles and Reddit threads about 401(k) millionaires. But a million dollars is not what it used to be. |
Higher prices are taking a toll on consumers |
Finally, here's a Betty Lin-Fisher story about how inflation and tariffs are taking a toll on the American consumer. In short, shoppers are worn down by higher prices. |
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Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here. | | The largest wealth transfer in history is causing a surge in estate disputes. Learn how to protect your estate and inheritance gifts. | | A new report reveals how long $1 million in retirement savings will last in every U.S. state, and it's not long enough. | | | | New studies show shoppers are feeling price fatigue after years of inflation and tariffs, leading them to cut back, trade down and reshuffle spending. | | | | After McDonald's posted a widely mocked video of its CEO, competitors took to social media with videos, jokes and unrelated fights. | | | | All Eddie Bauer stores are on the verge of closing after the retailer couldn't find a buyer by its March 3 deadline, according to court records. | | | | Gold prices are surging, making it an attractive "hedge" in retirement accounts. Here are some ways to buy gold in an IRA or 401(k). | | | | Some social media influencers have latched onto thrifting as their niche for content, making video after video roaming the aisles in search of the best finds. | | | | A new tax deduction for seniors could cut your bill or boost your refund by hundreds of dollars. Here's who qualifies and how to claim it. | | | | Based on millions of traveler reviews, Tripadvisor named the world's top 10 beaches for 2026. | | | | 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. | | | | | |
