The Daily Money: More Americans are fighting over inheritance
Daniel de ViséGood morning! It’s Daniel de Visé with your Daily Money.
Boomers are aging, and the gradual passing of that generation has set off an estimated $124 trillion transfer of wealth to younger generations and charities, Medora Lee reports.
As that wealth transfer heats up, legal disputes are rising.
How long does $1m last in retirement these days?
A million dollars is an aspirational retirement-savings goal, celebrated in articles and Reddit threads about 401(k) millionaires. But a million dollars is not what it used to be.
Here's an analysis of how long $1 million might last in retirement in every state.
Higher prices are taking a toll on consumers
Finally, here's a Betty Lin-Fisher story about how inflation and tariffs are taking a toll on the American consumer. In short, shoppers are worn down by higher prices.
📰 More stories you shouldn't miss 📰
- Fast food execs get snarky in burger videos
- Are all Eddie Bauer stores closing?
- How to add gold to a retirement account
- Thrift shopping gets trendy online
- Seniors can save with a new tax deduction
Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here.