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. |
Time's nearly up for federal student loan borrowers to start repaying their debt, Medora Lee reports. |
Last year, President Joe Biden offered a 12-month "on-ramp" to repayment to help financially vulnerable borrowers. That on-ramp is set to expire Sept. 30. Anyone who doesn't begin making payments in October risks a hit to their credit score. |
If you need further proof that the nation's formerly sizzling job market has gone cold, look to what had been perhaps the hottest part of the post-pandemic hiring frenzy: pay for newly hired workers. |
After adjusting for inflation, average wages for new hires fell 1.5% over the 12 months ending in July, the largest such decline in a decade, Paul Davidson reports. |
By contrast, inflation-adjusted earnings for typical workers who stayed in their jobs rose 2.3% during the same period, an Upjohn Institute study shows. |
Is parenting hazardous to your health? |
The surgeon general has a new public health warning. And this time, the hazard isn't tobacco or alcohol: it's parenting. |
Two-fifths of parents say that on most days, "they are so stressed they cannot function," the Office of the Surgeon General reports in an advisory titled Parents Under Pressure. Roughly half of parents term that stress "completely overwhelming." |
Those dire findings anchor a 35-page report, released in late August, that posits parental stress as "an urgent public health issue." It draws on data from the American Psychological Association and other sources to build a case that parents are facing more stress than at perhaps any other time in recent history. |
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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. | | | | The student loan on-ramp ends Sept. 30 and delinquencies will again be sent to credit bureaus. How to avoid a hit to your credit score and finances. | | | | Pay for newly hired workers is dropping after adjusting for inflation. As the Fed weighs rate cuts this week, it's a sign of a weakening job market | | | | The surgeon general's latest public health warning is about. . . parenting?! | | | | It's an important time of the year for anyone on Medicare. | | | | Does it matter whether the parent foots the tuition bill? What's the law say? | | | | Trump Media shares, trading under DJT, ended the day up nearly 12% after Donald Trump said he does not plan to sell his stake in the company. | | | | The extremely challenging conditions in the housing market call for unconventional solutions to homeownership. Here are four. | | | | The Fed is expected to cut its benchmark interest rate Wednesday. Whether that turns out to benefit would-be homebuyers remains to be seen. | | | | DHL filed a lawsuit against Lindell's company, saying that MyPillow owes almost $800,000 in unpaid bills and violated its contract with DHL. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | 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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