Current:Home > ScamsParents pay grown-up kids' bills with retirement savings-LoTradeCoin
Parents pay grown-up kids' bills with retirement savings
View Date:2024-12-24 20:41:41
Good morning! It's Daniel de Visé with your Daily Money.
Three-fifths of parents with adult children gave them financial help in the past year, Pew Research reports in a new study.
The finding illustrates -- in case we needed a reminder -- that modern parenting does not end when a child turns 18. But supporting an adult child can get costly, financial planners say. And parents need to make sure their own financial needs are met. Read the story.
The job market is brisk. Why aren't Americans feeling it?
Friday’s blockbuster jobs report, which showed employers adding a stunning 353,000 jobs last month, again pointed up a nagging question: If the economy and labor market are so strong, why aren’t more Americans feeling it?
To be fair, Paul Davidson reports, people are feeling better than they have in the past couple of years. Consumer sentiment in January jumped to the highest level since mid-2021, thanks to easing inflation and rising incomes, according to a University of Michigan index that was also released Friday.
But the closely watched gauge is still well below its pre-pandemic level. Read Paul's story.
📰 More stories you shouldn't miss 📰
- Cracking down on election deepfakes
- A spotlight on black-owned businesses
- R. Kelly's former mansion up for sale
- A rundown of the best used hybrids
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (9927)
Related
- Minnesota county to pay $3.4M to end lawsuit over detainee’s death
- Horoscopes Today, May 9, 2024
- 'Real Housewives' stars Dorit and P.K. Kemsley announce 'some time apart' from marriage
- New rule aims to speed up removal of limited group of migrants who don’t qualify for asylum
- In an AP interview, the next Los Angeles DA says he’ll go after low-level nonviolent crimes
- Hornets hire Celtics assistant Charles Lee as new head coach
- New rule aims to speed up removal of limited group of migrants who don’t qualify for asylum
- Voting Rights Act weighs heavily in North Dakota’s attempt to revisit redistricting decision it won
- Fire crews on both US coasts battle wildfires, 1 dead; Veterans Day ceremony postponed
- Ex-Rep. Jeffrey Fortenberry charged over illegal foreign donations scheme
Ranking
- Mike Tyson vs. Jake Paul referee handled one of YouTuber's biggest fights
- Maryland governor signs online data privacy bills
- Man charged after transporting homemade explosives to 'blow up' Satanic Temple, prosecutors say
- The Biden-Netanyahu relationship is strained like never before. Can the two leaders move forward?
- Disney x Lululemon Limited-Edition Collection: Shop Before It Sells Out
- Toronto Maple Leafs coach Sheldon Keefe fired after another early playoff exit
- Last Minute Mother's Day Shopping? Get These Sephora Gift Sets with Free Same-Day Shipping
- Is it too late to buy McDonald's stock in 2024?
Recommendation
-
Nearly 80,000 pounds of Costco butter recalled for missing 'Contains Milk statement': FDA
-
Justin Bieber’s Exes Sofia Richie and Caitlin Beadles React to Hailey Bieber’s Pregnancy
-
Alabama schedules nitrogen gas execution for inmate who survived lethal injection attempt
-
New Hampshire man sentenced to minimum 56 years on murder, other charges in young daughter’s death
-
Lions find way to win, Bears in tough spot: Best (and worst) from NFL Week 10
-
New Jersey Sen. Bob Menendez on testifying at his bribery trial: That's to be determined
-
All the Ways Hailey Bieber and Justin Bieber Hinted at Her Pregnancy
-
Xavier University cancels UN ambassador’s commencement speech after student outcry