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. |
Home sales skidded to a fresh low in 2024, Andrea Riquier reports, as high mortgage rates and property prices kept buyers and sellers on the sidelines of the housing market. |
Americans sold 4.06 million previously owned homes in the year, the fewest since 1995, the National Association of Realtors said Friday. 2024 marked the third consecutive year in which sales were down, and a big slide from 2021, when 6.1 million homes changed hands. |
What are lower taxes worth to you? |
Most Americans like the Trump tax cuts. Now, Congress must decide what taxpayers would give up in order to keep them. |
President Donald Trump mandated sweeping tax relief, especially for corporations and the rich, with his Tax Cuts and Jobs Act of 2017. Many cuts are set to expire at the end of this year. With Trump and his party back in power, however, the path is clear for Republicans to extend them. |
Americans are not okay financially, Medora Lee reports. |
The share of active credit card accounts making just the minimum payment hit a 12-year high of 10.75% from July through September 2024, based on data from the largest banks in the country, the Philadelphia Fed said on Wednesday. As credit card balances swell, the share of delinquent balances is also rising. |
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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. | | | | High mortgage rates and home prices made 2024 the slowest year for home sales since 1995. | | | | Most Americans like the Trump tax cuts. Now, Congress must decide what taxpayers would give up in order to keep them. | | | | Despite a strong economy, the share of Americans making only the minimum credit card payment hit a 12-year high and delinquenices are rising. | | | | Part-time workers who have extra cash to spare will benefit from a new law change that took effect on Jan. 1. | | | | More retirees are looking to move abroad for a better quality of life. Here are the 14 best places to retire overseas in 2025. | | | | You are short on money and need a loan. Should you go to a family member? | | | | The crypto industry has a derogatory term for get-rich quick schemes: 'rug pull.' That means cashing in fast and then running away. Sound familiar? | | | | Not every change hitting Social Security this year applies to retirees. | | | | President Trump said if oil prices come down he'll demand lower interest rates immediately, adds he knows rates 'much better' than Fed officials | | | | 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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