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Author: Medora Lee, USA TODAY

Money

Another Fed rate increase squeezes big spenders, but penny pinchers win. Here’s why.

July 26, 2023July 27, 2023Medora Lee, USA TODAYComments Off on Another Fed rate increase squeezes big spenders, but penny pinchers win. Here’s why.

Another Fed rate hike further squeezes weary consumers but gives savers a boost. Is it the last increase? Markets seem to think so.

Money

High-income retirement savers may have to pay tax now on catch-up contributions. Eventually.

July 25, 2023July 26, 2023Medora Lee, USA TODAYComments Off on High-income retirement savers may have to pay tax now on catch-up contributions. Eventually.

A plan to tax high-income, older Americans’ catch-up 401(k) contributions is set to launch in January, but a myriad of issues could force a delay.

Money

Taxpayers no longer have to fear the IRS knocking on their doors. IRS is ending practice.

July 24, 2023July 24, 2023Medora Lee, USA TODAYComments Off on Taxpayers no longer have to fear the IRS knocking on their doors. IRS is ending practice.

Americans will no longer have to fear an unannounced IRS visit. The agency’s ending that practice to keep people safe and scammers at bay.

Money

Biden is targeting the ‘junk fees’ you’re always paying. But it may not save you money.

July 23, 2023Medora Lee, USA TODAYComments Off on Biden is targeting the ‘junk fees’ you’re always paying. But it may not save you money.

President Joe Biden’s efforts to eliminate junk fees won’t necessarily save shoppers any money, critics warn. Here’s why.

Money

Powerball winner? Lock up your ticket and go hide. What to know if you win the jackpot

July 20, 2023July 24, 2023Medora Lee, USA TODAYComments Off on Powerball winner? Lock up your ticket and go hide. What to know if you win the jackpot

If you’re the sole winner of Wednesday night’s $1.08B Powerball drawing, it’s time to beware of scammers and get working on a plan to claim your prize.

Money

Dealers have cars and prices are stabilizing, but people still can’t buy a car. Here’s why

July 19, 2023July 20, 2023Medora Lee, USA TODAYComments Off on Dealers have cars and prices are stabilizing, but people still can’t buy a car. Here’s why

Lenders are turning cautious, leery of consumers piling on more debt. That is making it harder for car shoppers to get an auto loan.

Money

More Americans rejected for loans just as they may be feeling tapped out, Fed survey shows

July 17, 2023July 19, 2023Medora Lee, USA TODAYComments Off on More Americans rejected for loans just as they may be feeling tapped out, Fed survey shows

The rejection rate for Americans looking for a loan hits a 5-year high, Fed data show. Banks are turning cautious as rates rise and the economy slows.

Money

EV sales growth’s about to slow. If building is getting easier, why is selling them harder?

July 14, 2023July 16, 2023Medora Lee, USA TODAYComments Off on EV sales growth’s about to slow. If building is getting easier, why is selling them harder?

EV sales are brisk but aren’t keeping up with supply and forcing an inventory buildup, Cox Automotive says. “Hard-growth days are ahead,” it predicts.

Money

Social Security COLA 2024 estimates rose in an unexpected twist. Here’s why.

July 12, 2023July 13, 2023Medora Lee, USA TODAYComments Off on Social Security COLA 2024 estimates rose in an unexpected twist. Here’s why.

Despite easing inflation, next year’s Social Security cost of living adjustment (COLA) inched up to 3% from 2.7% last month.

Money

On a tight budget? Here are steps to take to stretch your dollars on Amazon Prime Day.

July 7, 2023July 7, 2023Medora Lee, USA TODAYComments Off on On a tight budget? Here are steps to take to stretch your dollars on Amazon Prime Day.

Don’t let inflation and rising rates make you sit out Amazon Prime Day. Instead, use these tips to help stretch your budget at the July 11-12 sale.

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Headlines

‘Never seen anything like this’: Idalia deluge still wreaking havoc in Southeast. Live updates

August 31, 2023August 31, 2023John Bacon, Douglas Soule and Christopher Cann, USA TODAY

A State Department office is giving young people a voice. Abby Finkenauer is leading the effort

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Far-right candidate seduces Argentine electorate

August 31, 2023AP

Hundreds join Nepal gay pride rally

August 31, 2023AP

Gadget guru or digitally distracted? Which of these 5 tech personalities are you?

August 31, 2023Jennifer Jolly

These kids are good: Young Reds in pursuit of a pennant stretch to remember

August 31, 2023Bob Nightengale, USA TODAY

Dog repeatedly escapes Michigan shelter, sneaks into nursing home, is adopted by residents

August 31, 2023John Carlisle, Detroit Free Press

U.S. Embassy urges Americans to leave Haiti ‘as soon as possible’

August 31, 2023Kim Hjelmgaard, USA TODAY

Kia recalls nearly 320,000 cars because the trunk may not open from the inside

August 31, 2023Francisco Guzman, USA TODAY

PCE inflation report: Key measure ticks higher in July. What will the Fed do?

August 31, 2023August 31, 2023Paul Davidson, USA TODAY
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