ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
| | |
One cold January night before the New Hampshire primary, Donald Trump traveled to Rochester, a city of blue-collar, culturally conservative voters. |
"We will terminate every diversity, equity, and inclusion program across the entire federal government," the former president declared to a packed auditorium. |
It was more than just a popular applause line at Trump rallies. Behind the scenes, Jessica Guynn reports, a coalition of dozens of right-wing groups is preparing to make Trump's words a reality. |
What happened to pensions? |
Inflation continues to ravage Americans' savings, making them nostalgic for a retirement benefit of yesteryear: the pension. |
Ninety percent of Americans saving in a company retirement plan worry it doesn't provide a reliable stream of income that can withstand the financial strains posed by inflation, which hit a 40-year high in 2022, according to a survey last fall by Greenwald Research. |
Until about the 1980s, the pension, or defined benefit plan, "was a very, very successful program for people," said Phil Maffei, head of corporate retirement solutions at insurance company TIAA. "You would get a portion of your income delivered as income for life when you retired." |
What, then, happened to pensions? |
📰 More stories you shouldn't miss 📰 |
Do you struggle in choosing between Applebee's and IHOP? |
Good news! Dine Brands Global is looking into launching dual-branded Applebee's-IHOP restaurants, Bailey Schulz reports. |
CEO John Peyton said the company is considering bringing the joint restaurants to the U.S. after launching successful prototypes in international markets. Dine Brands has so far opened eight dual-branded restaurants, the most recent opening in January in Leon, Mexico. |
Now, we can start lobbying for a devastating combo of Dunkin' Donuts and Baskin-Robbins. Oh, wait. . . . |
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. |
Daniel de Visé covers personal finance for USA Today. | | | | Project 2025, a Republican blueprint for a second Trump administration, contains plans to stamp out the "DEI revolution" in "woke" corporate America. | | | |  | Fed chair Powell may give Congress a clearer signal on the timing of interest rates cuts. And the jobs report could show 193,000 gains in February. | | | | California has the top four counties with the highest median home values, nationwide. Explore housing market prices across the US with these maps. | | | | Inflation has made Americans wistful for pensions, which guarantee income for life in retirement. Companies may fulfill that need with annuities. | | | | The California Public Utility Commission gave Waymo the green light to expand its robotaxi service to Los Angeles and San Mateo counties on Friday. | | | | Dine Brands CEO says the company is considering launching dual-brand IHOP/Applebee's restaurants in the U.S. | | | | Chicago and Houston rank as the cities with the most people in financial distress, according to a new report from the personal finance site WalletHub. | | | | The Biden campaign made its debut on the video-sharing app on Feb. 11. The videos they've posted since are not helpful to potential voters. | | | | From art museums to arts districts, here are the best places to enjoy art across the United States, according to USA TODAY 10Best readers. | | | | The Garden Lodge, formerly belonging to Queen's Freddie Mercury, is for sale. It has been under the care of his friend Mary Austin since his death. | | | | |  | 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. | | | | | | |
0 comments:
Post a Comment