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Friday, 6 September 2024

Are cash, checks on the way out?

Plus: did your cereal box get smaller? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Fri Sep 6 2024

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Good morning and Happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused The Daily Money.

When is the last time you pulled out cash to pay for a purchase? Or what about your checkbook? Do you mostly rely on your credit or debit cards or maybe Apple Pay or other digital forms of payment?

Paul Dickson of Kensington, Maryland, said he feels like he is transitioning between two worlds – businesses that won't accept cash or checks – and businesses that are charging a premium to shoppers who want to pay with credit card.

Are we heading toward a cashless or checkless future? Is it even legal for a business to refuse to accept cash?

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Is cash still king?

PATRICK T. FALLON, AFP via Getty Images

Did your portion size shrink?

Are we in Alice in Wonderland or are product sizes getting smaller?

"Shrinkflation" – the practice of putting less product in a package – has been around for decades, but it has captured the public imagination this year, Daniel de Visé reports.

President Joe Biden said he'd "had enough" of shrinkflation in a February Super Bowl ad. Cookie Monster, the Muppet, went viral in March with a tweet that proclaimed, "Me hate shrinkflation!" And Biden echoed those sentiments, with better grammar, in his State of the Union address. 

📰 Consumer stories you shouldn't miss 📰

Here's how one senior fell for the growing gift card scam, FastCompany reports.
Half a home for sale for half a million?
Here's how to free up space on your iPhone.
Red Lobster isn't done yet.
The student loan "on ramp" ends soon.

🍔 Today's Menu 🍔

It's not quite no shirt, no service, but a North Carolina restaurant is bringing new meaning to a dress code for service. The restaurant is getting backlash after a posting about a dress code. No skimpy clothes? OK. No shorts and no white T-shirts? There are actually eight things on their "no" list.

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.

USA dollars in hands

More businesses are becoming cashless and not accepting checks. What's the downside for consumers?

Supermarket shelf defocus background
 

Cereal box getting smaller? How shrinkflation is hitting your table.

Putting less food in a grocery-store jar or box is not new, but American consumers are paying closer attention.

Pictured is a 645 square foot one-bedroom, one-bathroom bungalow in suburban Monrovia, northeast of Los Angeles, California. Half of the home was destroyed by a pine tree in May.
 

Half of California home on sale for $499,999 after tree fell on it

Half of a Monrovia, California home is on sale for $499,999 four months after it was hit by a 'gigantic' stone pine tree.

A sign of Red Lobster, the U.S.-based restaurant chain Red Lobster that filed for Chapter 11 bankruptcy protection, at a restaurant in Alexandria, Virginia, U.S., May 20, 2024.
 

Red Lobster exiting bankruptcy, will operate as independent company

Red Lobster is exiting Chapter 11 bankruptcy following a Florida judge's decision to OK the chain's plan to rebound from financial issues and closures.

Graduation season is a time to think about student loan debt, too.
 

Some student loan borrowers are facing serious consequences in October

Millions of student loan borrowers didn't have to worry for the past year about late or missed payments hurting credit scores. That will change soon.

An Italia Trasporto Aereo (ITA Airways) airplane moves on the runway at Linate Airport in Milan, Italy, May 2, 2024.
 

How Italy airline, airport strikes could affect your trip

Travelers flying through the European country may want to brace themselves for disruptions.

Corri Lenaghen, a Rome photographer, took photos like this one for the Front Porch Project, a widespread fundraiser that involved photographers shooting family portraits in exchange for a donation to a charity.
 

Housing is getting attention from the presidential candidates

Both candidates for president have ideas on how to solve the housing crisis. Will either deliver?

The striking views of Kalalau Beach are only accessible by the hiking trail or boat.
 

24 hikers report illness after visiting Kauai's most popular trail, prompting closure

Napili Coast State Park is one of Kauai's most popular attractions, and its Kalalau Trail is closed due to a potential norovirus outbreak.

Woman legs walk on street of Paris on sunny day
 

North Carolina restaurant's dress code has the internet talking

The masses are weighing in on Kim's Kafe's dress code, with some comparing it to 'The Handmaid's Tale' and one person saying: 'I done got kicked out before I even got there.'

USA TODAY
 

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Thursday, 5 September 2024

Some shoppers still feel the pinch

Plus: Holiday shopping? Already? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Sep 5 2024

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Hello! This is Betty Lin-Fisher with today's The Daily Money.

The latest consumer spending data is showing signs of solid U.S. consumer spending, despite higher interest rates and inflation.

But there's a dichotomy for some shoppers, based on their wealth, my colleague, Bailey Schulz, reports.

While wage growth has helped boost Americans' purchasing power, economists say there are still pockets of shoppers – especially lower-income renters –who are struggling..

Dollar stores and several other low-cost retailers are feeling the pinch.

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Pockets of consumers are still feeling the pinch in their budgets despite solid consumer spending numbers.

Mario Tama, Getty Images

Ho Ho Ho?

We're trying to hang on to the last parts of summer, but retailers already have their sights – and some merchandise displays – set on the holidays.

They're on to something.

In a new survey by Bankrate, 48% of holiday shoppers say they are planning to begin their buying by Halloween.

📰 Consumer stories you shouldn't miss 📰

Breeze Airways has a 50% sale ending tonight.
Don't lose your inherited IRA to taxes.
Don't worry about a missing Supplemental Security Income (SSI) check this month.
Using a Living Trust has a hidden benefit.
DirecTV subscribers can get a $20 Disney/ESPN credit.

🍔 Today's Menu 🍔

Do you love Pumpkin Spice? I mean, really love it enough to taste test 20 products and get paid $1,000? (Rough deal, huh?)

Personal finance site FinanceBuzz is taking applications for one person to taste test all of Trader Joe's pumpkin-spiced products.

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.

The Dollar General convenience store logo is seen on August 30, 2024 in Austin, Texas. Dollar General stock fell 32% after cutting its full-year outlook. The drop is the company's largest on record.

U.S. consumer spending and confidence is looking good on paper, but economists say pockets of the population are struggling with inflation.

Stressed about shopping? We're here to help
 

It's not even Halloween, but holiday shoppers are starting already

The kids are just back in school, but some shoppers are already starting holiday shopping.

Nonprofits like Twin Cities Pavilion, a senior assisted living facility in Niceville, are being hard hit by the Florida Power and Light electric rate increases.
 

Don't lose your inherited IRA to taxes. Learn about the new IRS rules.

IRS finalized rules on inherited IRAs. RMDs and depletion within 10 years may be required for many. Those may have big tax impacts. Don't get caught.

calculating finances
 

No SSI check this month, but don't worry, it comes down to the calendar

This month's Social Security schedule shows no SSI payments for the month of September. Don't panic, it all comes down to the calendar dates.

FILE PHOTO: A 3D printed Disney logo is seen in front of the ESPN+ logo in this illustration taken on July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
 

DirecTV offers $20 credit for subscribers affected by Disney blackout

Amid the DirecTV and Disney dispute, customers affected by the blackout can be eligible for a $20 credit from the satellite company.

A pedestrian passes a "Help Wanted" sign in the door of a hardware store in Cambridge, Massachusetts, U.S., July 8, 2022. REUTERS/Brian Snyder
 

Key report could reveal if job market rebounded from weak July showing

The August jobs report could ease recession fears if payroll gains bounced back from an anemic July showing. Another poor showing could stoke worries

Target's Halloween product lineup includes Hyde & EEK! Boutique Featherly Friends 'Gourdon' and 'Pawson,' at right, Felt Bird Halloween Decorative Figurines ($5 each) and Quail Tail Cable Knit pumpkins ($5 and $10).
 

Target goes full Halloween with 1,300 new products

Target has expanded its 2024 Halloween product line with 1,300 new items including 'Wicked' costumes, pumpkin and skull decorations and scary snacks.

Breeze Airways passengers wait to check in for a flight at Tampa International Airport.
 

Breeze Airways sale: 50% off most flights purchased through Thursday

Details on Breeze Airways' 50% off promotion.

Pumpkin pie spice from Trader Joe's.    Ps
 

Website offers $1,000 to taste-test Trader Joe's pumpkin spice items

A personal finance site is offering one pumpkin spice lover $1,000 to taste-test Trader Joe's items with the iconic fall flavor.

USA TODAY
 

Download USA TODAY's app to get to the heart of news

Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more.

 

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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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