Current:Home > InvestThe Daily Money: Still no relief at the supermarket-LoTradeCoin
The Daily Money: Still no relief at the supermarket
View Date:2024-12-24 03:52:20
Good morning! It’s Daniel de Visé with your Daily Money.
Happy Consumer Friday. I'm filling in for Betty Lin Fisher.
Latasha Warner does everything she can to keep food costs down.
She avoids restaurants, buys off-brand products, avoids meat that's not on sale and travels out of town to shop at bigger, more affordable chains. And still, she says the $200 she spent on groceries Tuesday didn't buy enough food to last the week for her, her husband and two children.
Grocery inflation has cooled substantially since its 2022 peak, and groceries are causing less of a hit on Americans’ budgets.
Yet, despite the cooldown, surveys show consumers are still struggling to come to terms with how much food costs today.
The high price of summer parenting
Summer vacation lasts 11 weeks for the Restrepos. And the Michigan family has nine of them covered, thanks to a Kids Club program offered by the local public schools.
But summer camp is not free. The Restrepos are paying $225 per kid per week: $4,050 for both children for those nine weeks.
“Honestly, I don’t know what we’d do without it,” William Restrepo said.
The price of parenting tends to spike in summer, when tax-funded public education gives way to parent-funded daycare and sleepaway camps. Inflation pads the bill.
What's a parent to do?
📰 More stories you shouldn't miss 📰
- Who's to blame for inflation, Biden or Trump?
- Who would be better for the economy, Biden or Trump?
- American cars fare well in J.D. Power study
- Walgreens to close stores
- Cooling your home on a budget
📰 A great read 📰
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
A Florida woman upset that Reese's holiday-themed chocolates did not feature the same cute designs she claims were shown on its packaging sued manufacturer Hershey's for false advertisement.
In a lawsuit filed on Dec. 28 in Florida's Middle District Court, Cynthia Kelly sued Hershey's for $5 million, alleging that the company misled buyers with "false and deceptive advertising" on their packaging.
What, exactly, did the woman think she was buying?
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, 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.
veryGood! (952)
Related
- U.S.-Mexico water agreement might bring relief to parched South Texas
- The Most-Cited Number About the Inflation Reduction Act Is Probably Wrong, and That Could Be a Good Thing
- Can the New High Seas Treaty Help Limit Global Warming?
- Wildfires in Northern Forests Broke Carbon Emissions Records in 2021
- Unexpected pairing: New documentary tells a heartwarming story between Vietnam enemies
- The UN Wants the World Court to Address Nations’ Climate Obligations. Here’s What Could Happen Next
- See What Kim Kardashian and Kylie Jenner Look Like With Aging Technology
- Get a $65 Deal on $212 Worth of Sunscreen: EltaMD, Tula, Supergoop, La Roche-Posay, and More
- Nicole Scherzinger receives support from 'The View' hosts after election post controversy
- Why Saving the Whales Means Saving Ourselves
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Something Corporate
- Banks Say They’re Acting on Climate, But Continue to Finance Fossil Fuel Expansion
- California Enters ‘Uncharted Territory’ After Cutting Payments to Rooftop Solar Owners by 75 Percent
- Supreme Court Sharply Limits the EPA’s Ability to Protect Wetlands
- Nelly will not face charges after St. Louis casino arrest for drug possession
- Mama June Shannon Gives Update on Anna “Chickadee” Cardwell’s Cancer Battle
- Companies Object to Proposed SEC Rule Requiring Them to Track Emissions Up and Down Their Supply Chains
- Logan Paul's Company Prime Defends Its Energy Drink Amid Backlash
Recommendation
-
AIT Community Introduce
-
How Willie Geist Celebrated His 300th Episode of Sunday TODAY With a Full Circle Moment
-
Extreme Makeover: Home Edition’s Ty Pennington Hospitalized 2 Days After Barbie Red Carpet
-
New US Car and Truck Emissions Standards Will Make or Break Biden’s Climate Legacy
-
Bo the police K-9, who located child taken at knifepoint, wins Hero Dog Awards 2024
-
America’s Forests Are ‘Present and Vanishing at the Same Time’
-
Activists Make Final Appeal to Biden to Block Arctic Oil Project
-
Summer of '69: When Charles Manson Scared the Hell Out of Hollywood