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Thursday, 24 October 2024

Election 2024 and your wallet

06:16

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Also: Will 'click to cancel' get canceled? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Oct 24 2024

 

Daniel de Visé Personal Finance Reporter

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

For many Americans, the upcoming election is about more than politics. A large share believe the outcome will make a deep impact on their financial lives, affecting their wealth, retirement, investments, spending and emergency savings, Paul Davidson reports.

The most popular line of thinking goes something like this: "If my candidates win, I'll be richer and can retire earlier and spend more freely. If they lose, I'll have to be more frugal, work longer and sock away more cash for crises."

Streaming services want to cancel 'click to cancel'

Streaming services and other businesses are suing to block a new rule that would make it easier to cancel subscriptions and memberships.

NCTA – The Internet & Television Association, which represents major cable and internet providers such as Charter Communications and Comcast, as well as media companies such as Disney, and other trade groups say the Federal Trade Commission overstepped its authority with the "click to cancel" rule.

Will "click to cancel" be canceled before anyone gets to cancel anything? Find out here.

Can tiny apartments solve the housing crisis?

You've heard of tiny houses. What about tiny, tiny, apartments?

A new proposal to address the housing crisis would convert empty office space in many American cities to deeply affordable apartments for rent, Andrea Riquier reports. The catch: In order to be so cheap, the units would be 150 square feet at the most, about the same size as the average college dorm, and meant mostly for sleeping.

📰 More stories you shouldn't miss 📰

America's top 10% controls 60% of the wealth
Going fast: Crocs for dogs
Boeing workers vote to extend strike
Used cars drop in value
Will next year's COLA be lower?

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.

For subscribers
A screen displays the presidential debate hosted by ABC between Republican presidential nominee, former U.S. President Donald Trump and Democratic presidential nominee, U.S. Vice President Kamala Harris in Philadelphia, Pennsylvania, U.S., September 10, 2024. REUTERS/Evelyn Hockstein

If their candidates lose the election, many people believe it will hurt their wealth and retirement, and force them to put more in emergency savings

Signage is seen at the Federal Trade Commission headquarters in Washington, D.C.
 

Big business sues to block FTC's 'click to cancel' rule

Trade groups for cable providers, online advertisers and other businesses sue to block an FTC rule that would make it easier to cancel subscriptions.

A rendering of a microapartment in a proposed office conversion
 

Can empty offices be converted to 'micro-apartments'?

A new proposal to address the housing crisis would convert empty office space in many American cities to deeply affordable apartments for rent.

 

America's top 10% controls 60% of the national wealth

The new report on wealth inequality comes from the nonpartisan Congressional Budget Office.

2022 Tesla Model 3 15
 

Used cars drop in value, and EVs are leading the charge

Used cars drop in value almost across the board, with EVs leading the charge.

A for sale sign is displayed outside of a home for sale on Aug.16, 2024, in Los Angeles, California. Sales of previously owned homes in the United States edged up in July, industry data showed on Aug. 22, 2024, breaking a four-month trend of declines.
 

Home sales decline as higher mortgage rates and housing prices linger

U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices.

Social Security road sign.
 

Will next year's COLA be lower under a Harris Administration?

Your future Social Security benefit increases could be affected by which candidate wins the upcoming presidential election.

Pups can now match their owners with their very own croc boots!
 

Crocs released shoes for dogs. They sold out the same day.

On Croc Day, Oct. 23, Crocs released boots for dogs and matching clogs for their humans. The shoes for pets are sold out on its website

Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024.
 

No deal: Boeing workers reject contract, extending strike

The vote was 64% in opposition to the deal, which offered a 35% rise in wages over four years.

USA TODAY
 

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