excellent morning! It’s Daniel de Visé with your Daily Money.

Meet Larry Milian. He’s part of a growing constituency of Latino voters, especially men, who supported Donald Trump in the 2024 presidential election. And in presumably purple Miami-Dade County, where Democrats had won every presidential election for 36 years, Latino voters flipped the county red. 

In this narrative, Rebecca Morin tells you why.

Minimum wage set to rise in 23 states

Some of our readers adore the concept of a higher minimum wage. Others do not. We’ve heard from both camps.

Minimum wage hikes traditionally have been aimed at helping low-paid workers afford the basics, such as food, medicine and housing. But a growing number of states and localities are raising their pay floors to $15 an hour or higher, providing workers a somewhat larger financial cushion, Paul Davidson reports.

Is your state affected? 

Retirees with financing card debt?

A historically large distribute of retirees have financing card debt, recent reports display, a sign of financial instability that worries superannuation researchers. 

More than two-fifths of retirees carry balances on their financing cards, according to the 2024 Spending in superannuation survey, released in November by the nonprofit Employee advantage Research Institute, or EBRI.  

Retirees are more likely to have financing card debt than any other benevolent. Allow us to explain.

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• . . . And changes are coming to Social safety

About The Daily Money

Each weekday, The Daily Money delivers the best buyer and financial information from USA TODAY, breaking down complicated events, providing the TLDR version and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers money management for USA Today.