Daniel de Visé

Garrett Park

Personal Finance Reporter at USA Today

Wrote The Blues Brothers, King of the Blues, The Comeback @GroveAtlantic, Andy & Don @SimonBooks. Curr @USAToday. Fmr WaPo, MiaHerald. [email protected].

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Articles

$1.7 trillion sits in lost and forgotten 401(k) accounts. Is one of them yours?

3 days ago | aol.com | Daniel de Visé

At least $1.7 trillion languishes in lost or forgotten 401(k) accounts, with an average unclaimed balance of $56,616. Those 29 million idle accounts represent one quarter of all assets held in 401(k) retirement plans. And those figures come from a 2023 report from Capitalize, a financial services firm. The numbers could be higher now. “That’s a heck of a lot of money,” said James Royal, an investing analyst at Bankrate.
Sticker shock: Are American consumers learning to live with inflation?

6 days ago | aol.com | Daniel de Visé

American consumers may be learning to live with inflation. A long-running Gallup poll shows a steep drop in the share of Americans who name inflation as their biggest financial problem. Only 29% of consumers listed inflation as their top financial concern in April, down from 41% in April 2024. It’s the lowest reading on the annual survey since 2021. Another recent survey, from the Ipsos Consumer Tracker, found fewer Americans think prices are rising.
Sticker shock: Are American consumers learning to live with inflation?

6 days ago | eu.blueridgenow.com | Daniel de Visé

Sticker shock: Are American consumers learning to live with inflation? Trump vowed economic relief, but Americans say they're strugglingPresident Donald Trump promised to end inflation and bring down food costs right away after he took office. Here's what Americans think 100 days in. American consumers may be learning to live with inflation. A long-running Gallup poll shows a steep drop in the share of Americans who name inflation as their biggest financial problem.
Sticker shock: Are American consumers learning to live with inflation?

6 days ago | flipboard.com | Daniel de Visé

1 day agoCNN — JPMorgan Chase CEO Jamie Dimon sounded a warning Friday on the fractious US relationship with China — and on “the enemy within.” “China is a potential adversary — they’re doing a lot of things well, they have a lot of problems,” Dimon said at the Reagan National Economic Forum in Simi Valley, …
You won't know when a recession starts: 5 key facts about downturns

1 week ago | aol.com | Daniel de Visé

The looming threat of recession has hung over American consumers for what seems like forever, an ongoing economic drama that stretches back to the early pandemic years. The chances of a recession in 2025 currently stand at about 40%, according to a May 27 report from J.P. Morgan. A month ago, many forecasters put the odds higher than 50%. If a recession comes, how will we know? When will it end? What will be the fallout on Wall Street?
Pennies are going away. Here's what to do with yours.

1 week ago | hometownlife.com | Mike Snider |Daniel de Visé |Jalen Williams

Pennies are going away. Here's what to do with yours. Show Caption Hide Caption Donald Trump tells Treasury Department to stop making penniesPresident Donald Trump told the Treasury Department to stop making pennies, citing production costs. Americans are holding an estimated $60-$90 in coins per household. While some rare pennies are valuable, most are worth only a few cents. Consumers can exchange coins for cash at banks, credit unions, or Coinstar kiosks.
American women are about to inherit $50 trillion. What is the Great Wealth Transfer?

2 weeks ago | pressenterpriseonline.com | Daniel de Visé

Much has been written about the Great Wealth Transfer, a historic passing of assets from the oldest Americans to younger generations over the next two decades. But the kids may have to wait. Between 2024 and 2048, an estimated $54 trillion will pass from one spouse to another, rather than to children or grandchildren, in a wave of “horizontal” transfers that follow the death of a husband or wife. And more than 95% of that wealth will go to women.
In these cities, you can earn a six-figure income and still be broke

1 month ago | pressenterpriseonline.com | Daniel de Visé

In one of every four large American cities, a family can earn six figures and still feel broke. That’s the takeaway from an analysis by LendingTree, the personal finance site, which measured monthly expenses in the 100 largest metropolitan areas. In 25 of those 100 cities, average monthly spending on basic expenses exceeds monthly income for a family of three that is earning $100,000, the report found. San Jose tops the list, with average monthly expenses of $10,540.
Coins are literal cash. Why do Americans treat them like trash?

1 month ago | pressenterpriseonline.com | Daniel de Visé

Learn to love your coins. That’s the message from Kevin McColly, CEO of Coinstar, the company behind those coin-cashing machines you see in supermarkets. American consumers made only 16% of their payments in cash in 2023, according to the Federal Reserve. A 2022 Pew survey found that two-fifths of consumers never use cash at all. President Trump has ordered the Treasury to stop minting pennies, because their production cost exceeds their value.
Americans are rushing to claim Social Security early. Should you?

1 month ago | ca.news.yahoo.com | Daniel de Visé

Americans are rushing to claim Social Security early. Should you? At a recent internal meeting, a Social Security administrator projected some numbers on a screen to illustrate a remarkable trend: New benefit claims were up by more than 15% in March, compared with the same month a year ago.