The Daily Money: Holiday shopping starts early
Good morning! It’s Daniel de Visé with your Daily Money.
When it comes to holiday shopping, if you're on time, you might already be too late.
Many retail stores have started preparing for holidays earlier than ever: Halloween items hit shelves as early as August, with Christmas and Hanukkah decorations popping up in October, or even September, Felecia Wellington Radel reports.
If consumers wait too long to make holiday purchases, they may find stores have moved on to the next big event.
You've heard of customers suing a bank, but. . .
Here's a variant on the old "man bites dog" story.
JPMorgan Chase, the financial institution, has begun suing customers who are alleged to have stolen hundreds of thousands of dollars by taking advantage of a technical glitch that allowed them to deposit fraudulent checks and then quickly withdraw large sums of cash from ATMs.
The "infinite money" glitch went viral on TikTok and other social media platforms in late August, showing people depositing checks and then immediately withdrawing "free" money before the check cleared, Max Hauptman reports.
On Monday, the bank filed lawsuits in three federal courts against two people and two businesses, alleging that they collectively withdrew almost $662,000.
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Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
A recent survey from a global investment firm uncovered a rare point on which Republicans and Democrats seem to agree: America faces a retirement savings crisis.
Only about half of American households have retirement savings accounts. The Social Security program may soon run short of money, and those benefits were never meant to cover the full costs of retirement.
In an August survey, BlackRock asked 1,000 registered voters for their thoughts on retirement security in America. The responses transcended party lines.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from Paste BN, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.