How much will they affect what you pay
| |  | | July 2, 2025 | | | | | | | | | | Editor's Note: We'll be off on Friday for the 4th of July holiday. On the Money will be back in your inbox on Monday. | | | | | | | | How Much Will Tariffs Trickle Down to You? | By Rebecca Moretti
U.S. companies that rely on imports have three choices when it comes to tariffs: a) take the profit hit, b) stop importing, or c) raise prices. If they choose option c, inflation — which has finally cooled — could rev up again. So the big question is: Which route are they going? A new survey suggests it's not looking good for our wallets. | | | | |
| | | | | Talking About Money May Be Losing Its Taboo Status | | | By Lindsay VanSomeren
Most of us learned it early on: The first rule about money is we don't talk about money. (Fight Club, anyone?)
It could be construed as rude if you're telegraphing how much your shoes cost or asking someone how much they make, as Miss Manners herself will tell you.
But experts note that brushing all manner of money-talk under the rug can lead to financial issues and shame.
For example, shying away from talking about finances with your spouse or partner (think: spending habits, debt) could lead to resentment and household budgeting problems — and even contribute to breakups. And when parents don't teach their kids about money management, they could grow up to make subpar financial decisions.
A Pew Research survey from last year suggests that talking about money significantly contributes to financial literacy: Among American adults who said they are knowledgeable about personal finances, nearly half said they learned a great deal or a fair amount about it from family and friends.
The good news: Attitudes around money-talk are changing as parents embrace financial education, more states adopt pay transparency laws, and social media influencers make it feel normal to share financial details. | | | | | | | | | | 1.8 Million | That's how many federal student loan borrowers could reach default status this month, according to new estimates from TransUnion, one of the national credit bureaus.
Based on how many borrowers were at least 90 days overdue on their payments as of April, another 1 million could default in August, followed by 2 million more in September, TransUnion said in a statement last week.
Defaulting on student loans is an extra big deal now that the Education Department has resumed collection activities — and warned that it will begin garnishing wages through employers this summer. If you or someone you know is at risk of defaulting, contact your student loan servicer to set up a monthly payment schedule or consolidate your loans.
For other help and resources, see SoFi's Student Debt Guide.
| | | | | | | | Tariffs could impact the price of fireworks for this weekend. (CBS News) | | | | | | | | |  | | What financial milestone makes you an adult? You might be surprised. (CNBC) | | | | | | | | | | | Intel, insights, and inspo for your money. | | On the Money cuts through the noise of day‑to‑day financial news to bring you a more thoughtful point of view on what's important in this moment — and how it impacts your bottom line. We value your trust above all. | | | | | | | | | | Did you find today's newsletter valuable? | | | | |
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