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Friday, February 23, 2024

In praise of landlines

Many of us missed them on Thursday ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Fri Feb 23 2024

 

Daniel de Visé Personal Finance Reporter

Good morning and happy Friday! It's Daniel de Visé with your Daily Money.

I'm filling in today for Betty Lin-Fisher, our national consumer reporter, and will feature her work.

This first piece was positively prophetic.

Even before Thursday's massive cellphone outage , Charlene Hopey had seen firsthand the benefits of an old-fashioned landline. Hopey has lived through California wildfires and earthquakes. She had friends who couldn't make or receive a call during the disasters because they had ditched their landlines for cell phones and didn't have good service.

Hopey is among a dwindling number of consumers who choose to still have a traditional landline using copper wires. But they may eventually not have that choice. Read the story.

Homeownership spikes among Asian Americans, Hispanics

Juan Carlos López Flores purchased his first home last month.  The auto mechanic in Las Vegas bought a three-bedroom, two-bathroom home for $411,000.  

Minority homeowners such as López have increased their rates of homeownership in the past year, despite rising mortgage rates, according to the National Association of Realtors. Asian and Hispanic homeownerships have reached all-time highs. But a large racial disparity remains.  Read the story.

📰 More stories you shouldn't miss 📰

Credit card debt varies by generation
Will the Fed wait too long to cut rates?
Why inheriting property is a good thing
Student loan forbearance explained

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.

Charlene Hopey holds a princess phone, which typically stays on her bedroom nightstand next to her bed, on Feb. 16, 2024 at her home in Topanga, California. Hopey largely relies on landline services to make phone calls and has been fighting with the city as they attempt to turn off the landline services to her street in favor of cell phone services.

Phone companies are looking to drop traditional landline service. What's at stake if that happens and who is affected?

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Juan Carlos López Flores (in hat) and his wife, Maria Chavarría, bought their first house in Las Vegas. He and his brother's family will live in the house together.
 

Homeownership among Asian Americans, Hispanics at all-time highs

Minority homeownership among Asian Americans and Hispanics are at an all-time high, according to a report from the National Association of Realtors.

A crew with Tower Warriors Construction, out of Plainfield, Illinois work on installing cellular equipment for Dish Network Wireless on a cell communications tower in the Fox Point shopping plaza on West Brown Deer Road on Tuesday, March 21, 2023.    Wild Cell Tower 0783
 

Today's cell outage is a preview of what can happen in a disaster

There's a long list of potential emergency scenarios when cell phones could become unreliable — some more dire than others. Here's how to prepare.

The VW logo on the roof of Volkswagen's corporate headquarters in Wolfsburg, Germany
 

Volkswagen recalls over 260,000 vehicles due to issues with fuel tank suction pumps

Volkswagen is recalling over 260,000 vehicles due to potentially faulty fuel tank suction pumps, according to the NHTSA.

A pile of cash and credit cards.
 

How much credit card debt do Americans have? It varies by generation

About 36% of U.S. adults reported having more credit card debt than money in an emergency savings account.

Ford has recalled over 100,000 vehicles in February.
 

Ford recalls over 150,000 Expedition, Transit, Lincoln Navigator vehicles

Two recalls involve more than 150,000 vehicles in total, the latest safety notices issued by Ford this month.

Capital One Walmart Rewards
 

What Capital One's purchase of Discover may mean for you: more perks

Capital One's acquisition of Discover could mean fancy airport lounges, better service and perks for consumers but little actual cash savings.

How to talk about death and finances with aging parents
 

Uncomfortable Conversations: How to talk death, money with parents?

How do you talk to your parents about death and money? We tackle that in our Uncomfortable Conversations About Money series.

Liza Likins of Las Vegas is photographed on Feb. 9, 2024. She was part of a romance scam, bilked out of $1.2 million from a man whose images looked like her late husband. ÒÔOnward and upward with gustoÕ is my motto,Ó Likins commented.
 

A romance scammer cheated $1 million from singer; she's fighting back

Liza Likins thought "Donald" was in love with her. Instead, he cheated her of more than $1 milllion in a romance scam.

Wrecker     The vehicle that cleans up after a wreck or takes your car away if it's parked improperly -- a tow truck.    ALSO READ: The Most Commonly Spoken Foreign Language in Each State
 

Car insurance rates surge. See how much people in each state pay.

Vehicle insurance prices continue to soar despite overall easing inflation trends. See which states have the highest rates and where yours ranks.

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