Good morning and welcome to a new week. This is Betty Lin-Fisher. I’ll be bringing you The Daily Money all this week as my colleague Daniel de Visé gets some well-deserved time off.
But Daniel has plenty of great stories to share. Here’s one:
In 1 of every 4 large American cities, a family can earn six figures and still feel broke. That’s the takeaway from an analysis by LendingTree, the personal finance site, which measured monthly expenses in the 100 largest metropolitan areas.
In 25 of those 100 cities, average monthly spending on basic expenses exceeds monthly income for a family of three that is earning $100,000, the report found.
What are the least – and most – affordable U.S. cities?
Here’s deals to celebrate Cinco de Mayo
Happy Cinco de Mayo. Many think of it as Mexico’s equivalent to the fourth of July in the United States, but it’s not, reports my colleague Mike Snider. Today, May 5, marks an important battle in Mexico’s battle against the French and helped prevent the French from settling in and helping the American Confederacy in the Civil War, according to History.com.
Of course, Americans like to celebrate Cinco de Mayo with food and drink.
Here’s a roundup of deals and specials for Cinco de Mayo.
How much will tariffs add to new auto costs?
A Michigan economics group, calculating tariff impact after President Donald Trump’s latest executive orders, has estimated that the least-impacted vehicles will still face a $2,000 tariff and the most impacted will see a tariff of $15,000.
That includes changes Trump made on April 29 intended to provide some relief to automakers who assemble vehicles in the United States but use foreign parts in them.
Here are some estimated tariff costs for various autos.
📰 Consumer stories you shouldn’t miss 📰
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Canadians are boycotting U.S. products.
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Student loan borrowers risk lower credit scores as collections begin.
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Use these IDs to travel if you don’t have a REAL ID.
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What to know about working with a retirement advisor.
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United is cutting 10% of its Newark flights.
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.
This article originally appeared on USA TODAY: Where can you live on $100k?
