On a serious note: The 2024 election is not only causing division within the nation and leading to tense family discussions and confrontations at work, as reported by Paul Davidson, but it’s also influencing how individuals allocate— or refrain from allocating— their hard-earned money.

A survey conducted in September and October by Monarch, a personal finance app, revealed that 44% of young adults, aged 18 to 44, are spending less on dining out, entertainment, and subscriptions due to the election and economic worries.

Here’s a look at what we’re holding off on purchasing.

Is there a hidden 401(k) fund waiting for you?

Job changes? You might have switched jobs a few times since starting your career. Perhaps your previous employer went out of business. Or maybe you’ve intentionally put the memories of a toxic workplace behind you.

Now, you find yourself struggling to track down any unclaimed pensions or 401(k) plans from the past.

Who do you contact if you remember having money in a 401(k) years ago? Or if you thought you were eligible for a pension plan?

🍔 Today’s Highlights 🍔

TGI Fridays, a beloved casual dining chain, has filed for Chapter 11 bankruptcy protection.

The company cited challenges due to the COVID-19 pandemic, filing for bankruptcy on Saturday in the U.S. bankruptcy court for the Northern District of Texas in Dallas. This filing affects 39 TGI Fridays locations in the U.S. that are owned by TGI Fridays Inc., as reported by Mike Snider.

Find out more about what lies ahead for this iconic restaurant brand.

About The Daily Money

The Daily Money provides daily insights into consumer and financial news from YSL News, simplifying complex issues, offering concise overviews, and clarifying how events like Federal Reserve rate adjustments and bankruptcies affect you.