The Daily Money: A dismal decade for stocks
Good morning! It’s Daniel de Visé with your Daily Money.
Over the past several decades, the U.S. stock market has yielded average annual returns of around 10%. Those days may be over.
In recent forecasts, Vanguard projects the stock market will rise by only 3.3% to 5.3% a year over the next decade. Morningstar sees U.S. stocks gaining 5.2% a year. Goldman Sachs forecasts the broad S&P 500 index will gain only 3% a year.
What should everyday investors do?
Job market swoons
In case you missed it: U.S. employers added a disappointing 73,000 jobs in July. Even more concerning, job gains for May and June were revised down by a whopping 258,000, portraying a much weaker labor market than believed in late spring and early summer.
Here are 5 takeaways from the disappointing report.
Are you as financially savvy as these kids?
You might think you know a lot about credit and banking, taxes and insurance. Four teenagers from Scripps Ranch High School probably know more.
A four-student team from the San Diego school won the 2025 National Personal Finance Challenge, a financial literacy contest that ended in June in Atlanta.
If you feel like testing your own financial literacy, take our 10-question quiz.
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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.