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Friday, August 27, 2021

The Daily Money: Taking on debt to invest is risky

In today's Daily Money newsletter, we have insights on young investors and debt, Wendy's fries, COVID trip cancellation tips and a meat investigation. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Friday, August 27

Good morning, it's Nathan wishing you a happy weekend ahead!

🍟 Have you ordered fries for takeout or delivery during the pandemic and been disappointed when they arrived soggy?

NEVER AGAIN.

Wendy's has introduced crispier fries intended to stay tastier longer. The "Hot & Crispy Fries" are arriving at some locations now and will be available nationwide by mid-September, our Kelly Tyko reports.

💰 The Daily Money is USA TODAY's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here!

On to our ... 

💡 INSIGHT OF THE DAY: About 4 in 10 investors have taken on debt to invest, including 80% of Gen Zers and 60% of millennials, according to a recent survey from personal finance site MagnifyMoney. Let's just say that's concerning. "Anyone who takes out loans, debt or margin to access a volatile asset class makes me shiver a bit ," said Matt Hougan, chief investment officer of Bitwise Asset Management, the largest crypto index fund manager globally. "You can get into a lot of trouble financially." Check out Jessica Menton's latest story in our ongoing series on young investors.

📰 And here are more stories you won't want to miss:

1. The pandemic spurred a lot of entrepreneurship: Many people started businesses inspired by their creative passions.

2. Mattress Firm's nightmare might finally be ending: The retailer's CEO tells me the company has stabilized three years after its bankruptcy.

3. Examine your options closely: Here are four things you should know about Social Security survivor benefits.

4. Need to cancel your trip due to COVID? Here's how to cancel like a pro.

5. Heat your meat: Pepperoni, salami and Italian-style meats are being investigated by the CDC for salmonella.

6. Airline pilots are in demand right now. Here's what it takes to become one.

✈️ We'll call that my backup plan if this journalism thing doesn't work out.

--@NathanBomey

Cryptocurrencies are the poster child of the market boom in the pandemic. But most Americans lack knowledge around them.
Gen Z takes on debt to invest in market boom: Here are the risks.
USA TODAY examines the aspirations and anxieties of young Americans, particularly Gen Z, as some have made risky bets by taking out loans to invest.
Social Security survivors benefits: Issues couples need to discuss now
A surviving spouse's income will depend on when th
Amid COVID-19, many left the workforce to start their own businesses
Madily Hernandez sitting with her pillows that are
Mattress Firm plans more closings but business has improved, CEO says
CHICAGO, IL - DECEMBER 06:  Mattresses are offered
Pilots are in demand right now. What does it take to be one?
64. Commercial pilots     • Avg. annual wage:  $11
Wendy's upgrading fries to make them crispier
Wendy's is upgrading its French fries.
Chobani's oat yogurt ditches plastic cups for paper
Chobani is launching a paper cup for its yogurt.
A Hot Wheels fan is having his Trans Am immortalized as a toy car
The 1970 Pontiac Trans Am, both in real life and a
14 million deadly Takata air bags remain on U.S. roads
A Takata Corp. logo is seen on a display of child
Why you shouldn't worry if your credit scores are all different
Although a major overhaul is difficult to pull off
 
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