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. |
If the economic visions of President Joe Biden and former President Donald Trump were starkly divergent, the contrast between Trump and Vice President Kamala Harris is nearly blinding. |
Since Harris replaced Biden as the Democratic nominee, she has unveiled a wish list of proposals that go further than Biden's in aiding low- and middle-income Americans by making housing more affordable, reducing the cost of child care, cracking down on price gouging and lowering prescription drug costs, Paul Davidson reports. |
Curbing the impulse to spend |
Anytime you click on a targeted ad and reach for your wallet, or grab something that caught your eye at the supermarket checkout, you are making an impulse buy. |
And few of us, it seems, have much impulse control. |
In a recent survey by the personal finance site BadCredit.org, 90% of consumers ages 18 to 43 admitted to making impulse purchases. |
An impulse buy is something purchased in the spur of the moment, a spontaneous, unplanned departure from your shopping list. In the old days, an impulse purchase was something you spotted on a mall rack or in the checkout aisle. Nowadays, it's often an item you buy after clicking on a customized popup ad or a link on an Instagram post. |
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Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
Annuities are an essential component of the American retirement system, starting with Social Security. Why, then, do so few Americans understand them? |
Most of us, it seems, are pretty much clueless about annuities. In one recent study, the American College of Financial Services gave older Americans a score of 12% out of a possible 100% for their knowledge of annuities, based on their performance on a short quiz. |
Among a dozen knowledge areas measured in the school's Retirement Income Literacy Study, the annuity ranked dead last. |
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. | | | | Breaking down economic plans of Trump, Harris. Trump would raise tariffs, extend tax breaks. Harris aims to hike taxes on wealthy to aid middle class | | | | Any time you click on a targeted ad online, or grab something that caught your eye at the supermarket checkout, you are making an impulse buy. | | | | Annuities are a key part of the retirement system. In fact, Social Security is an annuity. But few of us even understand, let alone buy them. | | | | When saving for retirement, you need to mix it up with different types of accounts or risk losing a significant amount to taxes, advisers say. | | | | Panic alert buttons have been taking off in recent years amid a push for more security technology in schools. | | | | Ryanair's CEO suggested airlines and airports should have a hard limit on alcohol service. Would it work? | | | | A group of 32 economists said a health price transparency would save up to $1 trillion in wasted medical spending each year. | | | | Apple launched its latest entry into the smartphone market and major upgrades in its wearables at the "It's Glowtime" event Monday. | | | | The new CEO of Red Lobster dined in secret as a customer before taking over the struggling seafood restaurant chain. | | | | 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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