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Wednesday, 7 May 2025

Can millennials afford homes?

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Plus: today is the REAL ID deadline ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed May 7 2025

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Good morning. This is Betty Lin-Fisher with today's edition of The Daily Money.

It's a busy news day today: you'll need a REAL ID or other approved ID to fly, the conclave has begun to choose a new pope, we're watching the Federal Reserve for the latest on interest rates and jury selection is expected to wrap up today for Diddy's sex-crimes trial.

USA TODAY has you covered, with live coverage on those events throughout the day.

First, let's talk about the "American Dream." It's long been thought that achieving that dream may include buying a home.

For young people, achieving homeownership is often seen as a rite of passage, a step toward becoming an adult, reports my colleague Andrea Riquier.

New data seems to suggest America is moving backward, though, not forward.

Syndication Palm Beach Post

This home was for sale on March 24, 2025, in West Palm Beach, Florida. The the Broward, Palm Beaches and St. Lucie Realtors group said the month saw a slight drop in the cost of single-family homes to a median of $625,000.

GREG LOVETT/PALM BEACH POST / USA TODAY NETWORK via Imagn Images

For real, the REAL ID deadline is today

You may have been hearing about the REAL ID deadline. But today is the day. If you're flying, you need a REAL ID, which has a star on your driver's license, or another acceptable form of ID in order to fly.

Here's answers to your questions about the REAL ID.

How big is a Whopper, really?

Burger King is in court defending the size of its popular Whopper burger.

The fast food chain is being sued in federal court by plaintiffs who say Burger King "advertises its burgers as large burgers compared to competitors" by showing them "containing oversized meat patties and ingredients that overflow over the bun to make it appear that the burgers are approximately 35% larger in size, and contain more than double the meat, than the actual burger," according to the lawsuit obtained by USA TODAY.

📰 Consumer stories you shouldn't miss 📰

We're watching the Fed live today to see what happens with interest rates.
Craft retailer Michaels is going after Joann customers.
Here's advice from Motley Fool for those worried about their IRAs after President Donald Trump's first 100 days.
Surprise! Where is Disney building next?
Here are some Netflix customer experience changes.

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.

The Shore's housing market saw record sales prices in March. This home in Brick, listed for $775,000, received multiple offers.

Buying a first home is often seen as a rite of passage toward an adult life in America, but it's harder for young people now, recent data confirms.

Travelers go through security at Nashville International Airport.
 

REAL ID deadline is here: Live updates from airports across the US

After years of delays, the REAL ID deadline officially arrived, and travelers across the country are navigating new rules and last-minute surprises.

A Burger King Whopper Meal on June 08, 2024 in Bangkok, Thailand.
 

Burger King to face federal lawsuit over Whopper ads

Burger King will have to defend ads for its Whopper sandwiches after a judge denied a motion to dismiss a lawsuit filed by customers alleging fraud.

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference, in Washington, U.S., January 29, 2025.
 

Federal Reserve interest rate decision coming today: What to expect

Despite pressure from President Donald Trump to slash interest rates, the Federal Reserve is expected to stick to its wait-and-see approach.

Arts and crafts retailer Michaels is welcoming customers of Joann, a competing franchise that is closing its doors.
 

Not so subtle: Longtime competitor woos customers from closing Joann

With Joann stores closing by the end of May, Michaels is making a not-so-subtle call to craft shoppers.

U.S. President Donald Trump looks on as he signs executive orders and proclamations in the Oval Office at the White House, in Washington, D.C., U.S., May 5, 2025. REUTERS/Leah Millis
 

Worried about your IRA after Trump's first 100 days? You should be

The broader benchmark S&P 500 index fell about 8% during Trump's first 100 days, marking the index's worst performance since 1974 under Gerald Ford.

Walt Disney Company CEO Bob Iger said Disney's new Abu Dhabi theme park, in partnership with Miral, will feature "contemporary architecture with cutting edge technology to offer guests deeply immersive entertainment experiences in unique and modern ways."
 

Surprise! Disney announces plans for a new theme park

Disney Experiences Chairman Josh D'Amaro told USA TODAY the new theme park will be "like no other park that we've built before."

The Netflix logo is displayed above its corporate offices on January 24, 2024 in Los Angeles, California.
 

How your Netflix experience is about to change

In the first major revamp in more than a decade, Netflix on Wednesday announced changes designed to help viewers more easily decide what to watch.

.
 

When will interest rates for credit cards, home and car loans fall?

Interest rates for credit cards to mortgages jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

USA TODAY
 

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