The Daily Money: Can an ideal partner earn five figures?
The median U.S. salary is about $62,192, but Americans expect their ideal partner to earn six figures. That's the takeaway from a new survey.
Many of us don't understand Social Security
American workers pay taxes into a Social Security 'trust fund.' The more you earn now, the more you will reap later in retirement benefits. You can monitor your progress in a government account called 'my Social Security.'
Those facts might lead some people to believe that everyone has a personal Social Security fund, money earmarked just for them. Is that true?
📰 More stories you shouldn't miss 📰
📰 A great read 📰
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
A survey of wealthy Americans by Charles Schwab reveals a fascinating generational divide over how, and when, they leave money to their heirs.
Millennials and Generation Xers want to transfer wealth to the next generation during their lifetime, the survey found. Baby boomers prefer to wait until they are dead.
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.
Daniel de Visé covers personal finance for USA Today.
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26 minutes ago
China rushes to build out solar, emissions edge downward
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Yahoo
an hour ago
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Oracle will reportedly power a giant data center with gas generators
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an hour ago
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After bankruptcy filing, Claire's says it has sold most of its North American business
After filing for bankruptcy for a second time and saying it could soon close more than 1,100 stores, Claire's announced on Aug. 20 that it would be selling most of its North American business to private equity firm Ames Watson. In a news release, Claire's said the sale was done to 'maximize the value of its business,' as well as to pause liquidation sales at most of its stores. In court filings earlier this month, Claire's CEO Chris Cramer stated that liquidation sales would continue until a buyer was found. Although a buyer was found, Claire's announced that liquidation sales will continue at select stores, but did not specify which locations would be impacted. 'As we continue through our restructuring proceedings, our team has worked tirelessly to explore every option for preserving the value of the Claire's business and brand,' CEO Chris Cramer said. The Illinois-based company, which operates 1,326 stores across the United States, has faced financial challenges due to the rise of fast-fashion brands like Shein and Temu, high rent costs, and new tariffs from supplier nations, including China, according to documents filed with the bankruptcy court. Claire's will seek approval of the sale on Aug. 21 at a court hearing in Wilmington, Delaware. Store closures amid hard times As part of its ongoing bankruptcy process, 18 Claire's-owned stores are set to close no later than Sept. 7 across the country. A map of closing stores can be found here. Find your local store by searching by city or state: Founded in 1961 in Chicago, Claire's specializes in selling necklaces, bracelets, and various accessories, including headphones and soft toys. For many American girls, getting their first ear piercing at Claire's has become a "rite of passage" that has continued for decades. The company claims to have pierced over 100 million ears since 1978. Contributing: Mike Snider, USA TODAY; and Reuters Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at and follow him on X @fern_cerv_.
