Current:Home > MarketsThe Daily Money: Fewer of us are writing wills -WealthSync Hub
The Daily Money: Fewer of us are writing wills
View
Date:2025-04-12 19:47:54
Good morning! It's Daniel de Visé with your Daily Money.
Fewer of us are writing wills, a new survey says, a finding that suggests Americans are worrying less about mortality as the pandemic fades.
Only 32% of adults reported having a will in 2024, down from 34% in 2023, according to the 2024 Wills and Estate Planning Study from Caring.com, an online senior care platform. The figure had crept steadily upward since 2020.
Estate planners saw a spike in wills and trusts at the pandemic’s peak, a time when many Americans were stuck in their homes and preoccupied with their health. Now the pandemic has eased, and Americans' attention has moved on.
And that's bad news for survivors.
Fed chair talks interest rate cuts
Federal Reserve Chair Jerome Powell said Wednesday that recent high inflation readings don’t “change the overall picture,” suggesting the central bank is still on track to lower its key interest three times this year if price increases continue to ease as expected.
A report Tuesday generally supported the Fed’s plan to chop interest rates, Paul Davidson reports, revealing that job openings were roughly unchanged at 8.8 million in February – below the record 12.2 million in early 2022 but above the pre-pandemic average of about 7 million.
When will the Fed move to lower interest rates?
📰 More stories you shouldn't miss 📰
- More drama in the Truth Social stock offering
- What are Consumer Reports' top cars for 2024?
- Facebook updates its video player
- Important dates for Disney investors
- How to choose a financial adviser
📰 A great read 📰
Here's a recent story that resonated with readers - a greatest hit. Read it again. Read it for the first time. Share it with friends.
In a recent paper, two economists from opposing ideological camps made a provocative case: The federal government should abolish the 401(k) and Individual Retirement Account, the tax-sheltered savings plans that help millions of Americans fund their golden years.
Allowing people to shelter their retirement money from taxes is a policy that largely favors the well-heeled, they said. Congress could use that money, nearly $200 billion a year in lost tax dollars, to shore up the underfunded Social Security program.
Their suggestion created a stir. One social media post has drawn more than 700,000 views.
Are they really going to take away our 401(k)?
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! (61778)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Polish opposition groups say Donald Tusk is their candidate for prime minister
- Houston mayoral candidate Jackson Lee regretful after recording of her allegedly berating staffers
- McDonald's giving away free fries every Friday through the end of 2023: How to get yours
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Hungary in the spotlight after Turkey presses on with Sweden’s bid to join NATO
- Protests across Panama against new contract for Canadian copper mining company in biodiverse north
- Many families to get a break on winter heating costs but uncertainties persist
- A South Texas lawmaker’s 15
- All the Bombshell Revelations in Britney Spears' Book The Woman in Me
Ranking
- The Best Stocking Stuffers Under $25
- Crews clear wreckage after ‘superfog’ near New Orleans causes highway crashes that killed at least 7
- JetBlue plane tips backward due to shift in weight as passengers get off at JFK Airport
- Man living in woods convicted of murder in shooting deaths of New Hampshire couple
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- With 12 siblings, comic Zainab Johnson has plenty to joke about in new special
- North Carolina woman turns her luck around on Friday the 13th with $100,000 lottery win
- 'We earned the right': Underdog Diamondbacks force winner-take-all NLCS Game 7 vs. Phillies
Recommendation
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
NBA star-studded opening night featuring four Finals MVPs promises preview of crazy West
McDonald's giving away free fries every Friday through the end of 2023: How to get yours
Horoscopes Today, October 23, 2023
Travis Hunter, the 2
Liberian president Weah to face opponent Boakai for 2nd time in runoff vote
Haitian gang leader charged with ordering kidnapping of US couple that left woman dead
Maryland Terrapins assisant coach Kevin Sumlin arrested for DUI in Florida