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Monday, 11 May 2026

Half of America holds 89% of the wealth

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Also: Tariffs keep falling -- but not prices ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon May 11 2026

 

Daniel de Visé Personal Finance Reporter

Good morning! It’s Daniel de Visé with your Daily Money.

We've got a new story about wealth in America. It turns out that roughly half of us own 89% of it. Can you guess which half?

Tariffs keep falling -- but not prices

The courts seem to keep striking down President Donald Trump's tariffs. Why aren't prices dropping in response?

We can't stop making impulse buys

American consumers are feeling the pinch, Betty Lin-Fisher reports. But they're still making impulse buys.

📰 More stories you shouldn't miss 📰

The sandwich generation has a budgeting problem
What if they gave $1,000 Trump Accounts to every baby?
Dr. Dre, Snoop Dogg expand gin and juice portfolio
McDonald's adds specialty drinks
Here's your 10-item retirement checklist

Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here.

Americans ages 45 and under control only 11% of the nation's wealth.

To paraphrase the late jazzman Mose Allison, a certain group of Americans ain't got nothing in the world these days.

FILE PHOTO: A view of cargo ship with shipping containers at the port of Oakland following the Supreme Court's ruling that Trump had exceeded his authority when he imposed tariffs, in Oakland, California, U.S., February 23, 2026. REUTERS/Carlos Barria/File Photo
 

After another round of tariffs struck down, will prices drop too?

A federal court delivered another setback to President Donald Trump’s trade agenda, but consumer prices are still unlikely to fall. Here's why:

Friends in a shopping mall
 

Why you keep impulse buying, even when broke

Despite a financial crunch, 81% of consumers made impulse buys in 2026. Find out why and how to curb the habit.

Martina Schramm and her husband Robert are seen in their home in Pembroke Pines, Florida February 7, 2012. In this tough economy, it's not unusual to find baby boomers who are also part of the sandwich generation - squeezed from both sides. About 30 percent now contribute financially to their parents' care, according to the Pew Research Center. An even larger percentage provide financial support to adult children. Picture
 taken February 7, 2012. REUTERS/Joe Skipper
 

How the sandwich generation can afford to care for parents and kids

The 'sandwich generation' simultaneously cares for kids and parents. How can they afford to do both?

Two academic researchers say "Trump Accounts" should be automated, so that every newborn receives $1,000 from the government.
 

Researchers want to automate Trump Accounts, so every baby gets $1,000

A pair of academic researchers want the Trump administration to automate “Trump Accounts,” so that newborns automatically receive $1,000.

Dr. Dre, at left, and Snoop Dogg founded their gin portfolio releasing Gin & Juice By Dre and Snoop ready-to-drink cocktails and Still G.I.N. in 2024.
 

Dr. Dre and Snoop Dogg drop new canned cocktails

Fans of a certain boozy beverage will love the newest release from Dr. Dre and Snoop Dogg.

McDonald's is adding six new specialty drinks to menus starting May 6.
 

McDonald’s new refreshers, crafted sodas are available. See flavors

An assortment of new and "refreshing" drink options, including refreshers and dirty sodas, have made landfall at McDonald's. Here's everything we know.

Someone is on a sofa, smiling and looking away.
 

Retirement checklist: 10 things to do 5 years before retiring

It makes a lot of sense to start assembling a list of things to do before your last day at your job.

Dr. Dre presents the BET Ultimate Icon Award to Snoop Dogg (R) during the 2025 BET Awards at the Peacock Theatre in Los Angeles on June 9, 2025.
 

Celebrities show off their cocktails, spirits and wine

Sammy Hagar helped kick off the celebrity booze brand trend with Cabo Wabo tequila. Since then, many musicians and actors have gotten into the game.

USA TODAY
 

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