Good morning! This is Daniel de Visé bringing you your Daily Money update.
Welcome to Consumer Friday the 13th!
This holiday season, Americans are spending more on travel, according to Felecia Wellington Radel.
A recent survey conducted in October by the vehicle fleet management company Zubie indicates that about one-third of Americans plan to travel more this winter than they did in 2023. Additionally, the costs associated with their travels have increased compared to last year.
Aspiring to be a 401(k) Millionaire?
A surge in the stock market has led to a record number of 401(k) millionaires in the United States.
According to Fidelity Investments, a major provider of employer retirement plans, the number of 401(k) millionaires has climbed to 544,000 in the third quarter of 2024, up from 497,000 in the previous quarter. This data only includes Fidelity account holders.
Wondering how to enter this prestigious group? We’ve got some advice for you.
Top Headlines You Can’t Miss
- Price hike announced for YouTube TV
- Legislation to increase Social Security benefits gains momentum
- Unexpected increase in unemployment claims
- Enhanced retirement benefits for Southwest Airlines pilots
- Potential benefits of the Elon Musk-NVIDIA collaboration
Must-Read Feature
As part of our favorite stories from 2024, Kathleen Wong shares her pick.
In 50 years, the renowned Waikiki Beach in Hawaii will look dramatically different.
Oahu, known for its popular Waikiki neighborhood, is the most visited among the Hawaiian islands. However, the beaches near Waikiki have been noticeably shrinking, with some areas completely eroded. High tides and swells often send waves crashing onto the pathways, drenching those nearby.
This was not a common sight decades ago, but it has become more frequent, and the situation is expected to deteriorate further.
About The Daily Money
Daniel de Visé reports on personal finance for USA Today.
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Passionate about analyzing economic markets, Alice M. Carter joined THE NORTHERN FORUM with a mission: to make financial concepts accessible to everyone. With over 10 years of experience in economic journalism, she specializes in global economic trends and US financial policies. She firmly believes that a better understanding of the economy is the key to a more informed future.
