Good morning! It’s Daniel de Visé bringing you your Daily Money update.

Homes, which are typically the largest purchase for most Americans, are poised to become even more expensive if the tariffs proposed by the Trump administration are enacted.

According to an analysis by John Burns Research and Consulting, which specializes in housing, the cost of building a new home is projected to rise by nearly 5% if these tariffs go through. That translates to around $21,000 added to the price of a median new home, as reported by Andrea Riquier.

Google Steps Back from DEI Initiatives

Google has joined the trend of significant corporations scaling back their Diversity, Equity, and Inclusion (DEI) efforts. The tech giant has reduced its hiring goals aimed at boosting the workforce representation of historically underrepresented groups.

This decision follows Google’s review of certain DEI programs and comes as several major U.S. companies are pulling back on their DEI initiatives during the early days of President Donald Trump’s second term.

Are Younger Retirees Relying too Heavily on Social Security?

With the decline of pension plans, many new retirees find themselves in a tough situation, potentially leaning more on Social Security for financial support.

A recent study conducted by the Employee Benefit Research Institute (EBRI) highlights this trend with some concerning findings.

The EBRI surveyed 3,600 retirees in 2024 regarding their expenditures, revealing that younger retirees tend to rely significantly more on Social Security compared to their older peers. Here are the details.

About The Daily Money

Each weekday, The Daily Money provides you with top consumer and financial news from YSL News. We simplify complex happenings, offer a concise summary, and show how various events, from changes in Federal Reserve rates to business bankruptcies, affect you.

Daniel de Visé covers personal finance