The Daily Money: More Americans being denied a loan; Powerball climbs to $1 billion

More Americans are being denied loans, especially folks with credit scores below 680. Nobody won the Monday Powerball, so next prize is $1 billion.

Advertisement Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Tue Jul 18 2023 Amritpal Kaur Sandhu-Longoria |  Investigative Reporter, Consumer Watchdog @AmritpalKSL This is Amritpal Kaur Sandhu-Longoria with your Daily Money headlines. It is Tuesday – also known as the second Monday of the week. It's getting harder for Americans to get a loan to stay afloat as loan rejection rates climb to 21.8%, up from 17.3% in February, according to a Federal Reserve survey . And while this affects every age group, people with credit scores lower than 680 were the most rejected. The rejected loan applications mostly pertain to auto loans, credit cards, credit card limit increase requests and mortgage refinancing. It comes at a time when financial institutions are getting cautious over a looming recession and major banks like Citigroup, begin to set aside more money to cover delinquencies. Powerball jackpot climbs to $1 billion Since nobody won Monday night's $900 million Powerball, the next drawing is at $1 billion . Numbers will be released Wednesday night at 11 p.m. ET. While people did match some numbers and win prizes up to $2 million, the odds of winning the jackpot are still pretty slim − about 1 in 292.2 million. But still, don't let those odds stop you! 📰 More stories you shouldn't miss 📰 UPS is massive. Here's a visual breakdown of how a strike could impact delivery globally. Searching LinkedIn or Indeed? Here's how to avoid job scams: Ask HR Tax benefits of marriage, plus 6 more reasons getting married is good for your bank account Peacock price increase: Streamer raises rates for Premium and Premium Plus subscriptions Barbie's latest collaboration will have teddy bear lovers tickled pink Inflation is finally falling sharply. But the Fed shouldn't take credit, experts say. Analysis: Will home prices this year surpass peak-pandemic prices? 🍔 Today's Menu 🍔 • A pineapple-flavored Pepsi is available exclusively at Little Caesars, as part of their limited-time "Pineapple Pair-Up Combo" promotion that began Monday. For $9.99, customers get a 16-ounce Pepsi Pineapple and large, two-topping thin crust pizza. • Did you buy A&W root beer or a cream soda product between February 2016 and June 2023? If it had a label that said "Made With Aged Vanilla," then you might be eligible for a cut of a $15 million settlement. If eligible, you can get a cash payment between $5.50 and $25. 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 TLDR version: how decisions by the Federal Reserve, government and companies impact you. Toyota, BMW, Lexus among 43,000 recalled vehicles. Check car recalls here. 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