Good 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 story, Rebecca Morin tells you why.

Minimum wage set to rise in 23 states

Some of our readers love the idea 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 credit card debt?

A historically large share of retirees have credit card debt, recent reports show, a sign of financial instability that worries retirement researchers. 

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

Retirees are more likely to have credit card debt than any other kind. Allow us to explain.

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• . . . And changes are coming to Social Security

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.