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. |
Meet Larry Milian. He's part of a growing constituency of Latino voters, especially men, who supported Donald Trump in the 2024 presidential election. And in presumably purple Miami-Dade County, where Democrats had won every presidential election for 36 years, Latino voters flipped the county red. |
Minimum wage set to rise in 23 states |
Some of our readers love the idea of a higher minimum wage. Others do not. We've heard from both camps. |
Minimum wage hikes traditionally have been aimed at helping low-paid workers afford the basics, such as food, medicine and housing. But a growing number of states and localities are raising their pay floors to $15 an hour or higher, providing workers a somewhat larger financial cushion, Paul Davidson reports. |
Retirees with credit card debt? |
A historically large share of retirees have credit card debt, recent reports show, a sign of financial instability that worries retirement researchers. |
More than two-fifths of retirees carry balances on their credit cards, according to the 2024 Spending in Retirement survey, released in November by the nonprofit Employee Benefit Research Institute, or EBRI. |
📰 More stories you shouldn't miss 📰 |
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. | | | | In purpley Miami-Dade County, where Democrats had won every presidential election in 36 years, Latino voters flipped the county red. | | | | The minimum wage is going up in a record 23 states and 65 cities and counties in 2025. More areas are adopting $15 an hour - or higher - as pay floor | | | | A historically large share of retirees have credit card debt, recent reports show, a sign of financial instability that worries researchers. | | | | President Joe Biden sought ways to make student debt relief permanent during his four years in office. Not all of them worked. | | | | We're edging closer to the end of 2024. Here's an updated look at the financial moves experts say you should make before the clock runs out. | | | | President-elect Donald Trump said in an NBC News interview that he would not remove Jerome Powell as chairman of the Federal Reserve. | | | | A bill to boost Social Security for public workers will die if the Senate doesn't pass it by year end. Senators and workers are urging a vote ASAP. | | | | While there are no major policy changes to Social Security, there are still some important changes for both retirees and workers to be aware of. | | | | Retailers are urging Americans to buy now before Trump's tariffs cause price hikes. Don't fall for it, experts say. Here are better ways to use money. | | | | 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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