ALL THE MONEY NEWS YOU NEED TO KNOW | |
Good morning and Happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused edition of The Daily Money. |
We've all been there: you're ready to pay your bill at a restaurant or checkout at a store. Then the clerk says: "It'll cost 3% more if you use your credit card. Is that OK?" If you're like me, I only carry an "emergency" $20 bill with me, so that usually doesn't cut it. |
So I grit my teeth and go forward with the transaction while grumbling to myself about the surcharge. |
In two separate surveys, a large majority of people faced the same transaction fee to use their credit card and were ticked off that they were being "nickel and dimed" for something that used to be a cost the business paid. |
Many people also use credit cards to rack up cash rewards or other perks. | Visa credit cards are displayed in Washington October 27, 2009. Visa will report its fourth quarter and full year 2009 financial result after the close of U.S. trading on Tuesday. Jason Reed, REUTERS |
Can young people afford home ownership? |
Many young people feel crushed when they think about their ability to buy a home, but it doesn't mean they're giving up on the dream. |
The average age of first-time home buyers rose to an all-time high of 38 last year, reports my colleague, Rachel Barber. That reality has young people feeling jealous. More than six in 10 Gen Z and millennial non-homeowners said they're envious of peers who have bought houses, according to a new BMO survey. |
Should travelers turn off Face ID at border crossings? |
Rising reports of U.S. Customs and Border Protection searches and detainments have raised concerns among travelers about what could happen if they're stopped when trying to enter the country. |
📰 Consumer 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. | | Are you losing out on credit card rewards if you get charged a surcharge fee? | | Relatively high interest rates, persistent inflation, and higher housing costs have created a "perfect storm" of confusion for first-time buyers. | | | | U.S. Customs and Border Protection have the authority to search your phone, but your password or Face ID can make a difference. Here's what to know. | | | | Audiobooks can be an easy way to consume books anytime of the day. Here are some easy ways to find good books and free ways to listen. | | | | Producer Price Index, a measure of wholesale costs, fell 0.5% in April. Margins are squeezed by tariffs and firms will likely pass costs to consumers | | | | The low-price retail giant warns that the high cost of tariffs will be passed on to consumers by the end of May. | | | | Foot Locker owns Kids Foot Locker, Champs Sports, WSS, and atmos, and has 2,400 stores in 20 countries, including North America, Europe, and Asia. | | | | The full retirement age for Social Security – the age in which you get 100% of the program's benefits – has risen over recent years. | | | | Passengers are reporting stricter enforcement of carry-on baggage rules, raising concerns that airlines may be tightening policies to boost revenue. | | | | 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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