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. |
Inflation is still a thing. |
Prices were 2.6% higher in October than a year earlier, according to the latest Consumer Price Index, released Wednesday. That's a much lower inflation rate than American consumers endured through most of 2022 and 2023, but it's higher than the inflation rate for September. |
Lingering inflation illustrates that the nation's inflation crisis is not over, economists said, and that the Federal Reserve's battle against rising prices must rage on. |
Can't afford a home? Consider a 'house hack.' |
When Joe Christiano's sister decided to move in with her partner, Christiano wanted to help. In the Bay Area, where they live, both rentals and purchases are prohibitively expensive – at one point, the two women were looking at houses in the $800,000 range that had structural defects. |
The search was dragging on when Christiano heard from an old high school friend. The high school buddy had launched a startup called Nestment, which helps priced-out would-be buyers achieve homeownership in unconventional ways. |
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Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
If you're expecting a life-changing windfall when your boomer parents die, take heed: Only one-fifth of the "Me" generation expect to leave an inheritance. |
A recent study from Northwestern Mutual, the financial services company, finds a yawning gap between how many young Americans expect to reap an inheritance and how many older Americans plan to leave one. |
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. | | | | Forecasters had expected lingering inflation in October. How will the new numbers affect the next Federal Reserve decision on interest rates? | | | | Housing for renters and buyers is too expensive, making "house hacking" approaches like renting out half of a duplex more attractive. | | | | An "inheritance gap" separates boomer parents from their Gen-Z children. Young adults may be overestimating their chances to inherit. | | | | If you're looking to upgrade your home, consider making it to your roof. A good roof can protect your home, add value and cut insurance costs. | | | | American households that rely on services like check cashing and payday loans are more likely to hold cryptocurrencies, according to a report. | | | | A post-flight inspection in New York revealed apparent gunfire damage on a JetBlue plane that had just returned from Haiti. | | | | The Las Vegas Sphere experienced a decline in revenue last quarter, a time that included the debut of the new Eagles residency and UFC 306. | | | | The dolls were removed from Amazon and Target after a labeling error linked consumers to a pornographic website. | | | | USA TODAY will publish its annual list of best financial advisors in April and invites readers to help determine the top firms. | | | | 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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