The Daily Money: It's the economy, stupid

The economy is the No. 1 concern for voters in the 2024 presidential election. Credit card rates hit 33%. Say what?

Advertisement Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Wed Nov 1 2023 It's the economy, stupid. The economy is the No. 1 concern for voters in the 2024 presidential election. When asked which party front-runner they trusted more to handle the economy, 41% of those surveyed favored President Joe Biden, while 52% said they would bank on former President Donald Trump, according to a USA TODAY/Suffolk University Poll in October.  Almost 50% of those surveyed said they believe the U.S. economy is in either a recession or depression.  "I don't know how other people afford their lives," Maria Suarez, 26, a hospitality manager in Philadelphia, told USA TODAY. "I'm barely getting by." The front-runners in the presidential race, Donald Trump and Joe Biden Brendan Smialowski/AFP via Getty Credit card rates hit 33%. Can they even do that? Some store credit cards now charge more than 33% interest, after blowing past a symbolic 30% threshold that retailers and banks dared not cross. Can they even do that? The short answer: yes. 📰 More stories you shouldn't miss 📰 Walmart to reopen 100 stores What will be different for shoppers at remodeled stores Wind turbine project Ørsted pulls out of billion-dollar project to build wind turbines off New Jersey coast CD rates Will CD rates go higher in 2024? 🍔 Today's Menu 🍔 Starbucks holiday menu returns: New cups and coffees like peppermint mocha back this week 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. Oysters recalled in 10 states. See if yours is one of them. Future Seafoods, Inc. initiated a voluntary recall of all oysters harvested on Oct. 10 and distributed to customers between that date and Oct. 16. READ MORE Advertisement Samuel Adams Utopias, beer banned in 15 states, returns this year Every two years, Boston Beer Company brings out its extreme Utopias beer. Priced at $240 per 24.5-ounce bottle, it's for savoring, not quaffing. READ MORE Job openings by state: Who is struggling to hire employees the most With a job opening rate of 10.6% last month, one western state is struggling more than any other when it comes to hiring READ MORE Two Massachusetts lottery winners claim $1M prize A man who won the Powerball second prize and a woman who won the second prize in a scratch off claim their $1 million from Massachusetts Lottery. READ MORE Biden plans to fight junk fees in retirement advice. Here's how. President Joe Biden wants to protect Americans' retirement savings with a new fiduciary rule that would eliminate "junk fees" in retirement advice. READ MORE Why people nationwide are responding to this TikToker's Atlanta restaurant reviews Keith Lee, a TikTok food critic, wasn't pleased with the Atlanta restaurants customer service, and his experience has found a nationwide audience. READ MORE Massachusetts ranks top state to live in, per WalletHub. See where your state ranks. Massachusetts topped the best states to live in 2023, with a score of 61 out of 100 in WalletHug's report. See where the rest of the US ranked. READ MORE Thanksgiving pizza? Turkey, gravy, green beans come on this new frozen pie DiGiorno announced Tuesday it is releasing a Thanksgiving-themed pizza loaded with traditional side dishes, available now for a limited time. READ MORE Nike releases shoe to help toddlers learn how to walk The Nike Swoosh 1 can bend in all directions to help new walkers, has a wide toe box and a grippy outsole. READ MORE Advertisement 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. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Newsletters   |    eNewspaper   |   Crosswords Follow Us 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