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Thursday 18 July 2024

Immigrants and the economy

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Also: Gas prices and the election ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Jul 18 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

The surge into the U.S. of immigrants lacking permanent legal status has emerged as one of the most politically charged issues of the 2024 presidential election, Paul Davidson reports.

The wave of new arrivals has boosted the U.S. economy, while helping temper inflation, a top issue for voters.

Or has it? Some recent studies question that hypothesis. And Republicans argue immigrants are taking jobs from Americans, a contention Democrats refute.

Why gas prices are an election issue

Republican leaders from around the country have taken the stage in Milwaukee this week, praising their presidential pick, Donald Trump, and bashing President Joe Biden.

Several speakers hammered on the economy as a big mark against Biden's record, encouraging voters to remember how much gas prices have changed in the last few years, Kinsey Crowley reports.

On Tuesday, Lara Trump said "gas hit a low of $1.87 a gallon" under her father-in-law's presidency. "As I speak here to tonight, many of our fellow Americans don't know how they'll pay for their next trip to the grocery store."

Despite some economic successes under the Biden administration, many voters still think Trump handled the economy better.

📰 More stories you shouldn't miss 📰

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🍔 Today's Menu 🍔

Do you got that dog in you? Well, National Hot Dog Day passed on July 17, so maybe you should.

Americans buy 20 billion hot dogs a year, Julia Gomez reports.

People will even get into arguments over whether or not Chicago's dogs are better than New York's or Coney Island's. But regardless, hot dogs are an iconic part of American culture.

Ready to devour one? Here's everything to know about cooking a hot dog.

About The Daily Money

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.

Hundreds of workers sort and package thousands of tomatoes during a shift at Quincy Tomato Company on Monday, June 12, 2023. Graves Williams, owner of Quincy Tomato Company, said his business couldn't operate without immigrant laborers.

A immigration surge has driven job growth and the economy while taming inflation, economists say. Critics say they're taking jobs from Americans.

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Delegates during the third day of the Republican National Convention at Fiserv Forum. The third day of the RNC focus on foreign policy and threats.
 

RNC speakers tout Trump's gas prices. See the price changes over time

Lara Trump touted low gas prices under the Donald Trump administration. Here is how prices changed under Trump and President Joe Biden.

Hot dogs are ready for the 2024 Nathan's Famous Fourth of July hot dog eating competition at Coney Island in the Brooklyn borough of New York on July 4, 2024.
 

Americans love hot dogs. Here's how to cook one.

There are multiple cooking methods for a hot dog. Here's how to to boil, grill, or *gasp* microwave your dog, according to Nathan's Famous.

Two people sitting at a desk looking at papers with a laptop open.
 

Do You Qualify for Spousal Social Security Benefits? 3 Things to Know Before Applying

Social Security spousal benefits can be a great option for couples with notably different earnings histories.

SANTA ROSA, CA - MAY 20: John Deere tractors are displayed at Belkorp Ag on May 20, 2016 in Santa Rosa, California. Illinois based Deere & Co. reported a 28.25 percent decline in second quarter net income with earnings of $495.4 million, or $1.56 per share, compared to $690.5 million, or $2.03 per share, one year ago. (Photo by Justin Sullivan/Getty Images)
 

John Deere drops series of diversity initiatives after online backlash

John Deere, the Illinois-based farm equipment manufacturer, announced it was cutting back some DEI initiatives after drawing social media criticism.

Data breaches are on the rise.
 

Data breach victims top 1 billion so far this year. What to do.

How can you protect yourself from the growing number of data breaches?

4. Relax at the Beach: Want to go on a trip that your kids will remember? Then pick a fun beach vacation. Children really just want to spend time with their parents and play.
 

Limit screen time this summer. Encourage the kids to get out and play.

Summer may mean more screen time for kids, but parents and kids should spend more time with each other

Passengers take shelter in O'Hare Airport.
 

Tornadoes strand passengers in Chicago airports: Watch video

Passengers arriving or departing from Chicago airports Monday night were forced to shelter in place due to possible tornadoes in the region.

Rochelle Niccolls leapt at the chance to work in academia, where she could enjoy the security of a workplace pension.
 

Here's why saving money for retirement is harder for women

Saving for retirement is a challenge for Americans who earn less pay or live longer lives. That's why retirement saving is especially hard for women.

Republican vice presidential nominee Sen. J.D. Vance (R-OH) is seen on stage during the second day of the 2024 Republican National Convention.
 

DEI attacks aren't as successful as they may seem

Most corporations say their DEI commitments have increased or stayed the same even in the face of criticism from conservatives like Trump and Vance.

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