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. |
Across the globe, Sara Chernikoff reports, people living in major cities are struggling to find affordable housing. A recent report from Chapman University and the Frontier Centre for Public Policy in Canada identified some cities it considers not just unaffordable, but "impossibly unaffordable." |
Researchers analyzed incomes and home prices of nearly 100 major cities in eight countries. Within the U.S., San Jose, California, is the least affordable housing market. California is home to four of the 10 least-affordable housing markets in the world, including Los Angeles, San Francisco, and San Diego. |
What if every worker had an IRA? |
What if every employee in America were automatically enrolled in an Individual Retirement Account? |
In an ongoing study, researchers from Princeton University and the Treasury Department have analyzed just such a scenario. |
Their conclusion: Not surprisingly, a national retirement savings plan would substantially raise the nation's savings rate, especially for low-income workers. |
📰 More stories you shouldn't miss 📰 |
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
The good news is, inflation has eased over the past year. |
The bad news? So has the variable rate on those I bonds you bought back when inflation hit a 40-year high. |
The I bonds you purchased in the summer of 2022, which paid a record 9.62% when inflation was soaring, are now paying a lot less. |
But with inflation down and interest rates up, thanks to aggressive Federal Reserve rate hikes, you've got a lot of options to earn more than those I bonds offer. |
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. | | | | Hong Kong ranked topped the list of least affordable housing market across the globe but the US had a strong showing, too. | | | |  | Princeton researchers set out to study whether a national retirement plan would spark savings, especially for low-income employees. | | | | Ahead of this week's presidential debate with President Joe Biden, shares of Donald Trump's namesake social media company gained ground again Tuesday | | | | Car dealership software supplier CDK Global said it expects car dealership outages to continue until at least until Sunday, June 30. | | | | The ride reservation system is getting a new name and new perks to help Walt Disney World guests plan their trips further in advance. | | | | A recent study from the Insurance Information Institute found 12% of Americans no longer have home insurance, up from 5% in 2019. | | | | Remember those I bonds you bought to keep up with inflation in 2022? Here's why you should consider selling them. | | | | USA TODAY, in collaboration with Plant-A, presents America's Top Online Retailers. | | | | 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." | | | | |  | 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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