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. Special props to our estimable colleague Betty Lin-Fisher, who provided valuable collaboration on today's edition. |
It's hard enough to track President Trump's tariffs from one day to the next. Imagine trying to predict where import taxes will stand in 2028. |
Trump has enacted a flurry of tariffs in the early days of his administration. Tariff policy seems to shift almost daily. It's tough to predict where the rates will sit in a week, let alone in three years, at the end of Trump's term. |
But it's a question worth asking. We asked four economists and academicians to predict what Trump's tariff policy may look like in 2028. Here's what they told us. |
401(k) retirement plans reach a milestone |
Half of all workers in private-sector America now participate in 401(k) plans, a sign that tax-advantaged retirement savings may be catching on at last. |
As recently as 2010, federal data shows, barely two-fifth of workers in private industry held 401(k)-type accounts. Between that year and 2024, however, the participation rate tiptoed up to 50%. |
Over the past half century, the federal government has been trying to persuade Americans to build savings to cover their retirement, and to supplement Social Security, using tax breaks as a lure. With participation reaching 50%, it would seem that effort is half successful. |
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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. | | It's hard to predict what President Trump's tariff policies will be next week. We asked experts where they'll stand in 2028. | | Defined contribution retirement saving has reached a glass-half-full moment. Or is it glass-half-empty? | | | | The deal has been closely watched and seen as a litmus test for how quickly the Trump administration will approve mergers in the financial sector. | | | | Most of the questions on a seven-item financial literacy quiz involve elementary math. Only 4% of Americans got all seven right. | | | | The increase stems from the passage of the Social Security Fairness Act, which lifted reductions on 3.2 million public sector workers. | | | | After its rollout, 90% of users surveyed ranked their experience as excellent or above average but the program has faced other scrutiny. | | | | One of the biggest financial decisions you might have to make in the context of your retirement is figuring out when to claim Social Security. | | | | Shoppers in the U.S. are continuing their boycotts against retailers like Target and Walmart. Here's why they are boycotting. | | | | Seniors and adult caregivers are anxious about tariff-induced price hikes, since many prescription drugs and medical equipment come from overseas. | | | | 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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