Current:Home > StocksThe Daily Money: Still no relief at the supermarket -Momentum Wealth Path
The Daily Money: Still no relief at the supermarket
View
Date:2025-04-17 22:37:59
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! (84228)
Related
- The Daily Money: Spending more on holiday travel?
- Police officer hiring in US increases in 2023 after years of decline, survey shows
- Josef Newgarden explains IndyCar rules violation but admits it's 'not very believable'
- No HBCU players picked in 2024 NFL draft, marking second shutout in four years
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- How Drew Seeley Really Feels About Doing Zac Efron's Vocals in OG High School Musical
- Crumbl Cookies is making Mondays a little sweeter, selling mini cookies
- Some Americans filed free with IRS Direct File pilot in 2024, but not everyone's a fan
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- A Hawaii military family avoids tap water at home. They’re among those suing over 2021 jet fuel leak
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Grab Some Razzles and See Where the Cast of 13 Going on 30 Is Now
- UFL schedule for Week 5 games: San Antonio Brahmas vs. Arlington Renegades in Texas showdown
- Jon Gosselin Reveals He Lost More Than 30 Pounds on Ozempic—and What He Now Regrets
- Intel's stock did something it hasn't done since 2022
- 2024 American Music Awards to air on CBS
- Campus anti-war protesters dig in from New York to California as universities and police take action
- See inside Frank Sinatra and Mia Farrow's former New York townhouse that just went on sale
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
News anchor Poppy Harlow announces departure from CNN
Police in Tennessee fatally shot man after he shot a woman in the face. She is expected to survive
Bengals address needs on offensive and defensive lines in NFL draft, add a receiver for depth
Trump issues order to ban transgender troops from serving openly in the military
2024 Kentucky Derby post positions set: Here's where each horse landed
Champions League-chasing Aston Villa squanders two-goal lead in draw with Chelsea
Kate Hudson says her relationship with her father, Bill Hudson, is warming up