The Daily Money: Seniors are getting poorer and it may get worse.

A million more Americans, 65 years old and older, fell into poverty in 2021 and seniors were the only age group to see an uptick in poverty. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Thursday, October 6 It's Friday eve, also known as Thursday. It's Charisse Jones with the Daily Money headlines to take you into the week's home stretch. Seniors are getting poorer. A million more Americans 65 years old and older fell into poverty in 2021, according to the U.S. Census Bureau. And seniors became the only age group to see an uptick in poverty, as the share of older Americans deemed low-income grew to 10.3% as compared to 8.9% the previous year. Those numbers may continue to grow as inflation soars, and social security, the main source of support for many seniors, isn't keeping up.  Microsoft among the best companies to work, survey says Microsoft and Adobe are among the large companies employees say are tops when it comes to perks and benefits, according to the latest survey by the job site Comparably.  The list, which polled employees over the past year, looks at the 100 top-rated businesses with over 500 employees, and the 100 best rated small- and mid-size employers with fewer than 500 workers. 📰 More stories you shouldn't miss 📰 Prices at the pump are going up again? Well, probably. The OPEC+ alliance of oil exporting nations says it will reduce oil production by 2 million barrels a day, which could making filling up the tank more costly.  Stocks take another dip. After a two-day spike at the start of the week, the S&P 500 closed Wednesday 0.2% lower.   Who's Elon Musk? It looks like the richest man in the world is about to buy Twitter. So what else should we know about him?    About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TL;DR version: How decisions by the Federal Reserve, government and companies impact you. Follow Charisse Jones on Twitter: @charissejones. A million more seniors fell into poverty last year. Here's why. A million more seniors fell into poverty last year, the only age group to see a rise. Analysts say it's only going to get worse as inflation soars. Workers say these companies have the best benefits Prepare for more pain at the pump as OPEC cuts oil production Stocks slide on Wall Street after big rallies and major gains Applying for student loan forgiveness? How to avoid scams, get relief... Who is Elon Musk? What to know about the richest man on the planet Payment app scams: How to protect yourself Musk Twitter deal reportedly set to go through at $54.20 a share Fraud, scam cases rising on Zelle, Senate report finds Employers are sharing how much jobs pay. Will it close the wage gap?   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102