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Friday, 5 September 2025

Yes, kids ARE expensive

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Plus: can LSD help anxiety? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Fri Sep 5 2025

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Hello! I don't know about you, but even though this was a shortened work week, I'm ready for the weekend! This is Betty Lin-Fisher with Friday's consumer-focused edition of The Daily Money.

While all consumers are feeling the squeeze on their budgets as inflation and tariffs impact everyday products, parents are especially overwhelmed, reports my colleague Madeline Mitchell.

New survey data also shows that while having kids is expensive, children are good motivators for parents to get their finances in order.

Still, 83% of respondents said the cost of raising kids is "out of control."

Syndication Detroit Free Press

It's not just you: 83% of respondents in a recent survey said the cost of raising kids is "out of control."

Susan Tompor / USA TODAY NETWORK via Imagn Images

Study: One dose of LSD provides weeks of anxiety relief

Can LSD be the key to relieving anxiety symptoms?

A mid-stage study of a pharmaceutical version of the psychedelic LSD reported the drug might help alleviate anxiety symptoms for up to three months, advancing a potential treatment for the most common mental health condition, reports my colleague Ken Alltucker.

Are you buying an electric vehicle?

If you're in the market to buy an electric vehicle, there is a Sept. 30 deadline before the federal tax credit of $7,500 on a qualifying, new EV car expires.

But, there's a new twist that might give you a little more time, explains Susan Tompor of USA TODAY Network newspaper the Detroit Free Press.

📰 Consumer stories you shouldn't miss 📰

CVS is offering COVID vaccines in these states, but some need a prescription, reports Axios.
Southwest Airlines is bringing free Wi-Fi to flights. How to get it.
Speaking of flights, TSA is recommending against some toothbrushes in checked bags.
Going car shopping? Here is how to properly read a car window sticker.
What Lego set is going for $999.99? (You read that right!)

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.

Pictured is a piggy bank with cash.

A new survey from BMO Financial Group found that 83% of parents say that the cost of raising kids has "gotten out of control."

If you or a loved one is dealing with anxiety, this is everything mental health experts want you to know about the issue and how else to deal with it.
 

One dose of LSD provides weeks of anxiety relief, study finds

A mid-stage study of a pharmaceutical version of the psychedelic LSD reported the drug might help alleviate anxiety symptoms for up to three months.

Tim Brown, a sales consultant and EV specialist at Feldman Chevrolet in Novi, stands in front of a row of Chevrolet Equinox EV's on Friday, August 29, 2025.   The EV clean vehicle tax credit on vehicles like the Equinox EV that qualifies expires on September 30, 2025..
 

EV tax credit ends soon, but it's still as complicated as ever

The IRS suggests a new twist for when buyers could take delivery of a new EV and still claim the lucrative tax credit, which expires Sept. 30.

A Southwest commercial airline passes 2 U.S. Navy aircraft carriers at home port as it approaches to land in San Diego, California, on May 18, 2023.
 

Southwest Airlines flights will have free Wi-Fi starting next month

Southwest Airlines will give Rapid Rewards members access to free Wi-Fi on all flights by late October.

A Transportation Security Administration security agent takes a traveler's luggage for a second security check at John F. Kennedy Airport in this file photo from Feb. 29, 2012.
 

What to know before you take an electric toothbrush on a plane

The Transportation Security Administration has "special instructions" for travelers packing electric toothbrushes for their trips.

Car Salesman Confidential: Reading the window sticker
 

Car window sticker explained: What every car buyer needs to know

Because so much information is packed into the sticker, it's one of the most difficult documents to read you'll come across. Here's where to start.

Pictured is the upcoming Lego Star Wars Death Star - Ultimate Collector Series. The set will release on Oct. 4, 2025.
 

Lego's Death Star set is its most expensive release ever. See price.

Here's what to know about the $999.99 Lego Death Star set, including when it hits stores and how to get early access to the "Star Wars" themed toy.

A person poses with a smartphone showing an Amazon logo in front of a computer screen displaying the home page of the Amazon sales website.
 

How to share free shipping after Amazon's latest Prime restriction

Starting Oct. 1, Amazon Prime customers wanting to share shipping benefits and added digital perks can do so using the Amazon Family program.

Stephen Miran, U.S. President Donald Trump's nominee to be chairman of the Council of Economic Advisers, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025.
 

Trump's pick for Federal Reserve board questioned on independence

Stephen Miran's appointment would be a significant step in Trump's efforts to reshape the Fed amid his monthslong campaign for lower interest rates.

USA TODAY
 

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