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. |
It was 2019 when Anjali Tierra decided homeowners insurance wasn't worth the price. |
The retired high school teacher, 58, took out a policy in late 2018 after purchasing a three-bedroom home nestled in the Tehachapi Mountains of southern California. She considered the insurance affordable at less than $100 a month, Bailey Schulz and Jessica Guynn report. |
But the following year, when Tierra's insurance provider sent her a renewal notice, she learned her monthly payment had jumped to $350. |
Survey finds workers deeply confused about their 401(k) |
A new survey explores an odd subgroup of American employees: Workers who aren't enrolled in a 401(k), but who think they are. |
In a Retirement Security Survey, released this month, Principal Financial Group found that nearly 6 in 10 nonsavers, 59%, wrongly believed they were contributing to a 401(k) retirement plan. |
Asked how much they were saving, most of the nonsavers gave surprisingly specific figures. |
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Hooters, the divisively named sports-bar chain, says several "underperforming" restaurants will close their doors permanently. |
A "select number" of restaurants will shut down due to "pressure from current market conditions," Anthony Robledo reports. |
The company did not clarify which locations will shut down or share a timeline for the closures, but reporters around the nation who are part of the USA TODAY Network found dozens of Hooters restaurants shuttered on Monday. |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | A recent study from the Insurance Information Institute found 12% of Americans no longer have home insurance, up from 5% in 2019. | | | |  | A new report from an investment management firm explored an odd subgroup of workers who aren't enrolled in a 401(k) but who think they are. | | | | Hooters said several underperforming restaurants will close their doors permanently across the US due to "pressure from current market conditions." | | | | Walmart announced Monday that it will hold its, "largest savings event ever" in July. See what "Walmart Deals" are in store for shoppers. | | | | Chipotle's stock split is set to go into effect after the close of trading Tuesday. Here's how it will affect shareholders. | | | | Stocks splits from the likes of Nvidia and Chipotle and others make shares more affordable for people to buy. Should you? What to know. | | | | USA TODAY, in collaboration with Plant-A, presents America's Top Retailers | | | | Damage to homes from lightning strikes is on the rise, according to the latest data from State Farm. | | | | Building something from nothing feels like fulfillment of the American dream. These millionaires could be your neighbors. | | | | For the first time, Gen X's 401(k) balances top those of boomers, Fidelity says. Is it enough to get the forgotten generation back on track to retire? | | | | |  | 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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