ALL THE MONEY NEWS YOU NEED TO KNOW | |
Happy Friday! This is Betty Lin-Fisher with today's consumer-focused edition of The Daily Money. |
Last year, Gen Z shoppers were planning to spend 37% more on their holiday shopping, according to an annual holiday shopping outlook by PwC, a global professional services firm. |
But this year is different, Ali Furman, PwC consumer markets industry leader told me. |
Gen Z shoppers said they are cutting back on their holiday spending by an average of 23%. Overall, U.S. consumers of all ages said they'd be spending 5% less this holiday season, citing rising prices, tariffs and higher cost of living. | Gen Z shoppers are slashing their holiday spending budgets by an average of 23%, according to a new outlook. Frazao Studio Latino, Getty Images |
Working-age Americans who get health insurance through their jobs will soon confront an unpleasant fact – the largest health insurance rate increases since 2010, reports my colleague Ken Alltucker. |
A survey of more than 1,700 employers revealed cost per employee was on pace to increase an average of nearly 9% in 2026, according to benefits consultant Mercer. Another report from consultant Aon projected employer health costs would rise 9.5% next year. |
Here's how caregiving can help your resume, not hurt it |
Family caregivers often give up careers or pull back from jobs to assist their loved ones. While that transition can significantly impact caregivers' finances and sense of purpose, some caregivers find themselves called to continue care work, as health aides, advocates, storytellers and in other ways, reports my colleague Madeline Mitchell. |
Even caregivers who leave the workforce for several years find they've gained new, resume-worthy skills. |
📰 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. | | In a new survey, Gen Z shoppers said they planned to spend 23% less this year on holiday gifts. | | Working-age Americans who get health insurance through their job will see largest health insurance rate hikes since 2010. | | | | Many women find themselves sacrificing their careers for caregiving. But these women put their caregiving skills to use in new careers. | | | | A new study finds more than 50 heat waves would have been "virtually impossible" without climate-change causing emissions from fossil fuel producers. | | | | What makes the difference between good and bad onboarding practices? Here are three tips for how to get it right — and two mistakes to avoid. | | | | The Minnesota-based retailer is offering discounts if trading in your old car seat. | | | | Carnival Cruise Line added a new nonalcoholic beverage package in early September, covering a wide range of drinks. | | | | The old-fashioned way of stealing cars by taking the keys from the owner still works, but EVs have deterrents against some of the new theft methods. | | | | A new policy announced by Emirates this summer bars kids from redeeming miles for first class seats. | | | | 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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