Introducing Larry Milian. He is part of a rising group of Latino voters, notably Latino men, who supported Donald Trump in the 2024 presidential election. In the crucial Miami-Dade County, which had leaned Democratic in every presidential election for 36 years, Latino voters helped turn the county Republican.

This article by Rebecca Morin explores the reasons behind this shift.

Minimum Wage Increasing in 23 States

Our readers have mixed feelings about raising the minimum wage. We’ve received feedback from both sides.

Increasing the minimum wage has typically aimed to assist low-wage workers in meeting essential expenses such as food, healthcare, and housing. However, an increasing number of states and localities are now implementing pay raises to $15 an hour or more, offering workers a bit more financial security, as reported by Paul Davidson.

Is your state on this list?

Are Retirees Struggling with Credit Card Debt?

Recent reports indicate that a significant number of retirees are burdened with credit card debt, highlighting a troubling trend of financial instability among this group.

According to the 2024 Spending in Retirement survey published in November by the Employee Benefit Research Institute (EBRI), over 40% of retirees have outstanding credit card balances.

Credit card debt is now more prevalent among retirees compared to other types of debt. Let us break it down further.

About The Daily Money

The Daily Money provides daily insights on essential consumer and financial news from YSL News, simplifying complicated topics, offering the TLDR (Too Long; Didn’t Read) version, and explaining how various financial events—like changes in Federal Reserve rates and bankruptcies—affect you.