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. |
Let's just say it has been awhile since I've doled out allowances for my "kids," who are young adults. So when I read a story by colleague Rachel Barber about the going rate for kids' allowances, I was surprised. |
According to a new survey by Wells Fargo, 29% of parents have increased their kids' allowances over the last year to keep up with inflation while 65% have not and 6% have decreased the amount they give their children. | Pictured is a piggy bank with cash. Susan Tompor/Detroit Free Press / USA TODAY NETWORK via Imagn Images |
How to save on car-loan interest |
Are you in the market for a new car? You might want to consider the 20% rule if you'll be financing that new ride. |
New car prices have reached record numbers in 2025. |
📰 Consumer stories you shouldn't miss 📰 |
Kroger is facing backlash on TikTok after a video of lackluster Juneteenth cakes for sale at one of the grocery store's locations went viral. The video, which was recorded at a store in Atlanta, Georgia, showed several cakes minimally decorated in honor of the federal holiday on June 19, which marks the 1865 emancipation of the last enslaved people in the United States. |
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. | | Allowance remains one of parents' most popular ways to teach children about money. Is it keeping up with inflation? | | Here's why some car buyers live by the 20% rule when purchasing a new vehicle and how you can use it to your advantage. | | | | No iron? No problem. Here's an easy hack to get wrinkles out of shirts quickly. | | | | Having a plan for student loan repayments, managing lifestyle creep, and setting clear boundaries are good places to start. | | | | The airline rankings are based on reliability, loyalty programs, cost and reach and more. | | | | A number of people have found traveling through the U.S. South more fraught as the Trump Administration targets the LGBTQ+ community. | | | | Kroger is coming under fire on TikTok for lackluster Juneteenth cakes. See the video. | | | | There's an emerging generational divide on attending college after high school. | | | | Transgender, nonbinary and intersex travelers can once again get U.S. passports reflecting their gender, for now. | | | | 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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