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. |
Together, the pandemic and Zoom have seeded an online therapy boom. Therapists say they have never been busier. |
The share of young adults ages 18 to 34 who sought counseling rose swiftly in the pandemic years, from 12% in 2019 to 18.4% in 2022, the most recent figure available from federal researchers. |
Spending on mental health services also rose, climbing by more than half, 53%, from March 2020 to August 2022, according to RAND Corporation research on millions of workers insured by their employers. |
Does 2% inflation really have to be the goal? |
Two percent inflation is more than just the Federal Reserve's goal, one could argue, as the panel works to wrestle down pandemic-related price increases that have plagued U.S. households over the past three years. |
It's the Fed's holy grail, Paul Davidson reports. |
Lately, though, the 2% target feels more like the economy's Godot – a remedy to its inflation woes that seemed tantalizingly close not long ago but now appears further away, raising questions about whether it will arrive at all. |
What's so magical about 2%? |
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Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
The nation has been adding jobs. But behind the gaudy job numbers, a labor market that was still soaring a year ago has become less hospitable to job seekers. |
Companies are warier about hiring amid high interest rates and wages. Workers are vying with more job candidates for fewer openings, forcing them to send in more applications. And a large share of employees are jittery about getting laid off. |
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. | | | | Together, the pandemic and Zoom have seeded an online therapy boom. Therapists say they have never been busier. | | | |  | The Fed's goal of keeping rates high until inflation falls to 2% has significant implications for consumers, investors and the U.S. economy. | | | | Job growth has been strong despite high inflation and interest rates. But beneath the surface, hiring has slowed and workers worry about unemployment. | | | | Do you feel FAFSA chaos has put college in doubt for you next year? Don't. You still have time to apply for scholarships and even schools, experts say. | | | | Popular seafood chain Red Lobster announced Sunday night it has filed for Chapter 11 bankruptcy in Florida. | | | | What do Taylor Swift, county fairs and taxpayer handouts to Hollywood all have in common? They all ostensibly boost the economy. It's rarely true. | | | | Roth IRA and 401(k) accounts have attractive tax benefits but also a hidden advantage few people talk about. | | | | The Justice Department and TikTok asked a U.S. appeals court to rule by Dec. 6 on legal challenges to a new law that could result in a TikTok ban. | | | | The Dow Jones industrial average closed at a record high Friday after briefly trading above 40,000 the day before. A look at 40 years of the Dow. | | | | Life is short, childhood is even shorter. I don't want my kids living theirs inside a phone. | | | | |  | 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. | | | | | | |
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