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. |
Credit card debt is an embarrassment to many Americans. It is especially embarrassing, apparently, to people who earn a lot. |
Roughly two-fifths of consumers with credit card debt have lied about the amount of their debt, according to a recent survey from LendingTree, an online lending marketplace. Among those with card debt who earn more than $100,000 a year, the share who lie about it rises to half. |
Signs of ill health in the bond market? |
Over the past 12 months, about half of all debt in the U.S. bond market has been Treasurys: bonds and notes issued by the federal government. |
That's according to a June 8 research note from Torsten Sløk, the chief economist for money manager Apollo. |
"This is not healthy," Sløk wrote. "Half of credit issued in the economy should not be going to the government." |
Fewer 401(k) millionaires in 2025 |
Retirement savers have faced plenty of white-knuckle days in 2025 when stock market conditions — and on-again, pause-again tariffs — put everyone's nerves on edge. |
Amazingly, no matter how awful things felt, many have not seen a double-digit fallout in their 401(k) savings in the first quarter, according to the latest data from Fidelity Investments. |
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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. | | Credit card debt is an embarrassment to many Americans. It is especially embarrassing, apparently, to people who earn a lot. | | Rising levels of government debt may be crowding out borrowing by other parts of the economy. | | | | Fewer people crossed the threshold of having $1 million or more in their retirement accounts in the first quarter of 2025 as markets were volatile. | | | | Weddings are already expensive life events. How are tariffs affecting wedding budgets and what can couples do? | | | | It's no longer just about salary. Summer kicks off a new corporate perk for some employees as workers demand more personal benefits. | | | | The two sides will try to get back on track with a preliminary agreement struck last month in Geneva. | | | | The numbers behind Social Security say you should wait as long as possible makes sense, but there's more to the story than just the numbers. | | | | Making regular contributions to your retirement account is key, but you also need to stay aware of changes that affect how your accounts work. | | | | Ahead of the release of the May jobs report, more companies are replacing workers with AI, compounding a tough job market and hurting recent grads. | | | | 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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