By CATHY BUSSEWITZ, Staff Writer

NEW YORK (AP) — Jeremy Didier had taken her son to a psychologist for a possible ADHD evaluation when she spotted an article about women with the condition. As she read it in the waiting room, she thought to herself: They’re describing me.

“Lots of risk-taking, lots of very impulsive behavior growing up,” Didier said. As the magazine described, she’d excelled in school but gotten in trouble for talking too much. She’d amassed too many speeding tickets as an adult. She turned to her husband and said, “I think I might have ADHD.”

Didier is now the board president of Children and Adults with Attention-Deficit/Hyperactivity Disorder, a nonprofit advocacy and support organization. Her realization mirrors the experiences of other adults who wonder if they have ADHD after a child’s diagnosis.

Attention-deficit/hyperactivity disorder is a neurodevelopmental condition characterized by inattention, hyperactivity or a combination of the two. Common symptoms such as trouble concentrating or sitting still can create challenges at work.

People with ADHD are often passed over for promotions, said Andrew Sylvester, a psychiatrist at UCHealth, a hospital in Longmont, Colorado. Difficulties with attention may lead the mind to drift during meetings, and cause someone to miss important discussion nuances. The disorder may interfere with organization, planning and remembering details.

Yet some adults think of having ADHD as a source of personality strengths and ways of thinking that benefit employers. Diagnostic manuals may call it a disorder, but it also can be a superpower, they said.

“Our brains work differently and so we’re more likely to be able to think outside the box and come up with different things, and sometimes that’s because we’ve had to do that in order to to survive,” Didier said.

Here are some ways to cope with and channel ADHD in the workplace.

Finding community

Getting diagnosed with ADHD doesn’t always lead to a quick fix. While doctors often recommend medication and therapy, not everyone can take medication, and those routes don’t necessarily eliminate all symptoms.

Didier floundered with a messy house and lots of yelling as she and four of her five children were diagnosed with ADHD. She experimented with medicine, diets and reward charts, and discovered what helped her the most: a community of parents who had children with ADHD.

“There’s nothing like talking to other people who are going through what you’re going through to help you feel … that you’re not alone,” she said.

Didier eventually became a social worker and now runs support groups for adults with ADHD, teaching skills they can use at work.

Some organizations have employee resource groups organized around neurodiversity to provide camaraderie and support to adults with ADHD, autism, dyslexia and other conditions.

GPS of the brain

People with ADHD often struggle with executive function, which Didier describes as “your brain’s GPS” for navigating your day. Executive function is a set of mental skills that includes making plans, managing time and flexible thinking. It also includes working memory, which helps us keep track of what we’re doing.

To keep from getting derailed, experts recommend breaking large tasks into chunks, writing detailed to-do lists and taking breaks.

Personal chef Bill Collins, 66, who was diagnosed with ADHD two years ago, writes structured lists when he’s making a meal for a client. He creates categories for kitchen areas — counter, stove and oven — and then lists tasks such as “chop carrots, boil water for pasta” underneath each category. Then he numbers each task so he knows exactly what to do, where and when.

“That’s how I got around my unknown ADHD early on, just making lists,” Collins said. “If it’s something I don’t want to do, I put it at the top of the list so I can be done with it.”

Another technique is called “body doubling,” which involves a pair of work colleagues meeting over Zoom or in-person to focus on completing projects. The two may choose to perform separate tasks — one might build a presentation deck while the other files tax reports — but help each other stay accountable.

“You’re just sitting there during that dedicated time, getting things done,” Didier said.

Insurance company Liberty Mutual provides an AI tool that helps break down large projects into manageable tasks and provides reminders about deadlines, to help employees with ADHD stay focused and organized, said Head of Benefits Verlinda DiMarino.

Getting through meetings

Meetings can be difficult for people with ADHD if their minds drift or they feel an urge to get up out of a chair. They also may struggle with impulse control and find it hard to wait their turn to speak.

Nicole Clark, CEO of the Adult and Pediatric Institute, a mental health practice in Stuart, Florida, suggests asking for meeting topics in advance and writing up talking points. If you think of questions during the meeting, write them down.

Some employers use a voice-to-text service, projecting what a speaker is saying on a screen, which helps people with attention difficulties stay focused, Clark said.

Sylvester, the psychiatrist, recommends practicing active listening by repeating in your head what someone just said, or taking a brief time-out from a meeting to reset.

Tell them, “’I need five minutes. I’ll be right back.’ Get up and walk out. Do what you need to do,” he said.

Mariel Paralitici-Morales, chief medical officer of the Adult and Pediatric Institute, who has ADHD, sits close to whoever will be speaking to help sustain attention.

“Having something in my hand helps,” said Paralitici-Morales, who sometimes holds a fidget spinner. “If we have to talk, I found it’s easier for me to be the first one and break the ice” to keep herself from second-guessing what she planned to say.

Seek accommodations

People with an ADHD diagnosis can request accommodations at work through the Americans with Disabilities Act. Noise-canceling headphones may help. Consider asking for the ability to take a break every 20 minutes, Sylvester said.

“Set a timer for five to 10 minutes. Get up and walk around. Make some coffee. Go play with the dog,” he said. “When that timer goes off, go back to a 15 to 20 minute hard productivity cycle.”

Employees can also request a flexible schedule or ability to work from home, which can enable time for therapy or self-care.

Antoinette Damico, 23, who coordinates events at an executive search firm in San Francisco, said she practices meditation, writes daily goals in a journal and stays off short-form media to improve her concentration.

Celebrate your strengths

Having ADHD can be an asset in the workplace, and many CEOs and entrepreneurs are neurodiverse, Didier said.

“We bring all kinds of unique talents to our workplaces. Hyper-focus, lots of energy, resilience, the ability to multitask,” she added. “There’s something about people with ADHD that seems to unmask or give us a greater capacity for creativity and innovation.”

Damico also thinks her ADHD provides some advantages. When she’s interested in a topic, she can be extremely focused, reading extensively and talking about the topic nonstop, a trait others with ADHD report.

“It can generate a real passion in you that is a bit unique,” she said. “It really creates this grit in me in terms of when I really want to accomplish something, there’s this boost of energy.”

Share your stories and questions about workplace wellness at cbussewitz@ap.org. Follow AP’s Be Well coverage, focusing on wellness, fitness, diet and mental health at https://apnews.com/hub/be-well

Nancy Forster-Holt

(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)

Nancy Forster-Holt, University of Rhode Island

(THE CONVERSATION) Americans love small businesses. We dedicate a week each year to applauding them, and spend Small Business Saturday shopping locally. Yet hiding in plain sight is an enormous challenge facing small business owners as they age: retiring with dignity and foresight. The current economic climate is making this even more difficult.

As a professor who studies aging and business, I’ve long viewed small business owners’ retirement challenges as a looming crisis. The issue is now front and center for millions of entrepreneurs approaching retirement. Small enterprises make up more than half of all privately held U.S. companies, and for many of their owners, the business is their retirement plan.

But while owners often hope to finance their golden years by selling their companies, only 20% of small businesses are ready for sale even in good times, according to the Exit Planning Institute. And right now, conditions are far from ideal. An economic stew of inflation, supply chain instability and high borrowing costs means that interest from potential buyers is cooling.

For many business owners, retirement isn’t a distant concern. In the U.S., baby boomers – who are currently 61 to 79 years old – own about 2.3 million businesses. Altogether, they generate about US$5 billion in revenue and employ almost 25 million people. These entrepreneurs have spent decades building businesses that often are deeply rooted in their communities. They don’t have time to ride out economic chaos, and their optimism is at a 50-year low.

New policies, new challenges

You can’t blame them for being gloomy. Recent policy shifts have only made life harder for business owners nearing retirement. Trade instability, whipsawing tariff announcements and disrupted supply chains have eroded already thin margins. Some businesses – generally larger ones with more negotiating power – are absorbing extra costs rather than passing them on to shoppers. Others have no choice but to raise prices, to customers’ dismay. Inflation has further squeezed profits.

At the same time, with a few notableexceptions, buyers and capital have grown scarce. Acquirers and liquidity have dried up across many sectors. The secondary market – a barometer of broader investor appetite – now sees more sellers than buyers. These are textbook symptoms of a “flight to safety,” a market shift that drags out sale timelines and depresses valuations – all while Main Street business owners age out. These entrepreneurs typically have one shot at retirement – if any.

Adding to these woes, many small businesses are part of what economists call regional “clusters,” providing services to nearby universities, hospitals and local governments. When those anchor institutions face budget cuts – as is happening now – small business vendors are often the first to feel the impact.

Research shows that many aging owners actually double down in weak economic times, sinking increasing amounts of time and money in a psychological pattern known as “escalating commitment.” The result is a troubling phenomenon scholars refer to as “benign entrapment.” Aging entrepreneurs can remain attached to their businesses not because they want to, but because they see no viable exit.

This growing crisis isn’t about bad personal planning — it’s a systemic failure.

Rewriting the playbook on small business policy

A key mistake that policymakers make is to lump all small business owners together into one group. That causes them to overlook important differences. After all, a 68-year-old carpenter trying to retire doesn’t have much in common with a 28-year-old tech founder pitching a startup. Policymakers may cheer for high-growth “unicorns,” but they often overlook the “cows and horses” that keep local economies running.

Even among older business owners, circumstances vary based on local conditions. Two retiring carpenters in different towns may face vastly different prospects based on the strength of their local economies. No business, and no business owner, exists in a vacuum.

Relatedly, when small businesses fail to transition, it can have consequences for the local economy. Without a buyer, many enterprises will simply shut down. And while closures can be long-planned and thoughtful, when a business closes suddenly, it’s not just the owner who loses. Employees are left scrambling for work. Suppliers lose contracts. Communities lose essential services.

Four ways to help aging entrepreneurs

That’s why I think policymakers should reimagine how they support small businesses, especially owners nearing the end of their careers.

First, small business policy should be tailored to age. A retirement-ready business shouldn’t be judged solely by its growth potential. Rather, policies should recognize stability and community value as markers of success. The U.S. Small Business Administration and regional agencies can provide resources specifically for retirement planning that starts early in a business’s life, to include how to increase the value of the business and a plan to attract acquirers in later stages.

Second, exit infrastructure should be built into local entrepreneurial ecosystems. Entrepreneurial ecosystems are built to support business entry – think incubators and accelerators – but not for exit. In other words, just like there are accelerators for launching businesses, there should be programs to support winding them down. These could include confidential peer forums, retirement-readiness clinics, succession matchmaking platforms and flexible financing options for acquisition.

Third, chaos isn’t good for anybody. Fluctuations in capital gains taxes, estate tax thresholds and tariffs make planning difficult and reduce business value in the eyes of potential buyers. Stability encourages confidence on both sides of a transaction.

And finally, policymakers should include ripple-effect analysis in budget decisions. When universities, hospitals or governments cut spending, small business vendors often absorb much of the shock. Policymakers should account for these downstream impacts when shaping local and federal budgets.

If we want to truly support small businesses and their owners, it’s important to honor the lifetime arc of entrepreneurship – not just the launch and growth, but the retirement, too.

This article is republished from The Conversation under a Creative Commons license. Read the original article here: https://theconversation.com/no-country-for-old-business-owners-economic-shifts-create-a-growing-challenge-for-americas-aging-entrepreneurs-254537.

By CORA LEWIS

NEW YORK (AP) — Hundreds of millions of ‘Buy Now, Pay Later’ loans will soon affect credit scores for millions of Americans who use the loans to buy clothing, furniture, concert tickets, and takeout.

Scoring company FICO said Monday that it is rolling out a new model that factors the short-term loans into their consumer scores. A majority of lenders use FICO scores to determine a borrower’s credit worthiness. Previously, the loans had been excluded, though Buy Now, Pay Later company Affirm began voluntarily reporting pay-in-four loans to Experian, a separate credit bureau, in April.

The new FICO scores will be available beginning in the fall, as an option for lenders to increase visibility into consumers’ repayment behavior, the company said. Still, not all Buy Now, Pay Later companies share their data with the credit bureaus, and not all lenders will opt in to using the new models, so widespread adoption could take time, according to Adam Rust, director of financial services at the nonprofit Consumer Federation of America.

Here’s what to know.

Why haven’t the loans appeared in credit scores previously?

Typically, when using Buy Now, Pay Later loans, consumers pay for a given purchase in four installments over six weeks, in a model more similar to layaway than to a traditional credit card. The loans are marketed as zero-interest, and most require no credit check or only a soft credit check.

The main three credit reporting bureaus, Experian, TransUnion, and Equifax, haven’t yet incorporated a standard way of including these new financial products in their reports, since they don’t adhere to existing models of lending and repayment. FICO, the score of the Fair Isaac Corporation, uses data from the bureaus to calculate its own credit score, and is independently choosing to pilot a new score that takes the loans into account.

Why is this important?

BNPL providers promote the plans as safer alternatives to credit cards, while consumer advocates warn about “loan stacking,” in which consumers take on many loans at once across several companies. So far, there’s been little visibility into this practice in the industry, and the opacity has led to warnings of “phantom debt” that could mask the health of the consumer.

In a statement, FICO said that their new credit score model is accounting for the growing significance of the loans in the U.S. credit ecosystem.

“Buy Now, Pay Later loans are playing an increasingly important role in consumers’ financial lives,” said Julie May, vice president and general manager of business-to-business scores at FICO. “We’re enabling lenders to more accurately evaluate credit readiness, especially for consumers whose first credit experience is through BNPL products.”

What does FICO hope to achieve?

FICO said the new model will responsibly expand access to credit. Many users of BNPL loans are younger consumers and consumers who may not have good or lengthy credit histories. In a joint study with Affirm, FICO trained its new scores on a sample of more than 500,000 BNPL borrowers and found that consumers with five or more loans typically saw their scores increase or remain stable under the new model.

For consumers who pay back their BNPL loans in a timely way, the new credit scoring model could help them improve their credit scores, increasing access to mortgages, car loans, and apartment rentals. Currently, the loans don’t typically contribute directly to improved scores, though missed payments can hurt or ding a score.

Since March, credit scores have declined steeply for millions, as student loan payments resume and many student borrowers find themselves unable to make regular payments on their federal student loans.

What are the risks and concerns?

Nadine Chabrier, senior policy and litigation counsel at the Center for Responsible Lending, said her main concern is that the integration of the loans into a score could have unexpected negative effects on people who are already credit-restrained.

“There isn’t a lot of information out there about how integrating BNPL into credit scoring will work out,” Chabrier said. “FICO simulated the effect on credit scoring through a study. They saw that some users’ scores increased. But if you factor in something that, last week, didn’t affect your credit, and this week, it does, without having very much information about the modeling, it’s a little hard to tell what the consequences will be.”

Chabrier cited research that’s shown that many BNPL users have revolving credit card balances, lower credit scores, delinquencies, and existing debt. Women of color are also more likely to use the loans, she said.

“This is a credit vulnerable community,” said Chabrier.

Will consumers see immediate effects?

Rust, of the Consumer Federation of America, said he doesn’t expect this to be a game-changer for consumers who already have a credit profile.

“Are we at a point where using BNPL loans will dramatically alter your credit profile? Probably not,” he said. “I think it’s important that people have reasonable expectations.”

Rust said the average BNPL loan is for $135, and that repaying such small loans, even consistently, might not result in changes to a credit score that would significantly move the needle.

“It’s not about going from 620 to 624. It’s about going from 620 to 780,” he said, referring to the kind of credit score jumps that affect one’s credit card offers, interest rates on loans, and the like.

Still, Rust said that increased transparency around the loans could create a more accurate picture of a consumer’s debts, which could improve accurate underwriting and keep consumers from over-extending themselves.

“This addresses the problem of ‘phantom debt,’ and that’s a good thing,” he said. “Because it could be something that keeps people from getting too deeply into debt they can’t afford.”

The Associated Press receives support from Charles Schwab Foundation for educational and explanatory reporting to improve financial literacy. The independent foundation is separate from Charles Schwab and Co. Inc. The AP is solely responsible for its journalism.

By BERNARD CONDON

NEW YORK (AP) — When the Trump family unveiled a new phone before a giant American flag at its headquarters earlier this month, the pitch was simple and succinct, packed with pure patriotism: “Made in the U.S.A.”

The Trumps are apparently having second thoughts.

How about “proudly American”?

Those are the two words that have replaced the “Made in the USA” pitch that just a few days ago appeared on the website where customers can pre-order the so-called T-1 gold-toned phones with an American flag etched on the back. Elsewhere on the site, other vague terms are now being used, describing the $499 phone as boasting an “American-Proud Design” and “brought to life right here in the U.S.A.”

The Federal Trade Commission requires that items labeled “Made in USA” be “all or virtually all” produced in the U.S. and several firms have been sued over misusing the term.

The Trump Organization has not explained the change and has not responded to a request for comment. Neither did an outside public relations firm handling the Trumps’ mobile phone business, including a request to confirm a statement made to another media outlet.

“T1 phones are proudly being made in America,” said Trump Mobile spokesman Chris Walker, according to USA Today. “Speculation to the contrary is simply inaccurate.”

The language change on the website was first reported by the news site The Verge.

An expert on cell phone technology, IDC analyst Francisco Jeronimo, said he’s not surprised the Trump family has dropped the “Made in the USA” label because it’s nearly impossible to build one here given the higher cost and lack of infrastructure to do so.

But, of course, you can claim to do it.

“Whether it is possible or not to build this phone in the US depends on what you consider ‘build,’” Jeronimo said. “If it’s a question of assembling components and targeting small volumes, I suppose it’s somehow possible. You can always get the components from China and assemble them by hand somewhere.”

“You’re going to have phones that are made right here in the United States of America,” said Trump’s son Eric to Fox News recently, adding, “It’s about time we bring products back to our great country.”

The Trump family has flown the American flag before with Trump-branded products of suspicious origin, including its “God Bless the USA” Bibles, which an Associated Press investigation last year showed were printed in China.

The Trump phone is part of a bigger family mobile business plan designed to tap into MAGA enthusiasm for the president. The two sons running the business, Eric and Don Jr., announced earlier this month that they would offer mobile phone plans for $47.45 a month, a reference to their father’s status as the 45th and 47th president. The call center, they said, will be in the U.S., too.

“You’re not calling up call centers in Bangladesh,” Eric Trump said on Fox News. “We’re doing it out of St. Louis, Missouri.”

The new service has been blasted by government ethics experts for a conflict of interest, given that President Donald Trump oversees the Federal Communications Commission that regulates the business and is investigating phone service companies that are now Trump Mobile rivals.

Trump has also threatened to punish cell phone maker Apple, now a direct competitor, threatening to slap 25% tariffs on devices because of its plans to make most of its U.S. iPhones in India.

By TOM MURPHY

A small, growing number of employers are putting health insurance decisions entirely in the hands of their workers.

Instead of offering traditional insurance, they’re giving workers money to buy their own coverage in what’s known as Individual Coverage Health Reimbursement Arrangements, or ICHRAs.

Advocates say this approach provides small companies that couldn’t afford insurance a chance to offer something. It also caps a growing expense for employers and fits conservative political goals of giving people more purchasing power over their coverage.

But ICHRAs place the risk for finding coverage on the employee, and they force them to do something many dislike: Shop for insurance.

“It’s maybe not perfect, but it’s solving a problem for a lot of people,” said Cynthia Cox, of the nonprofit KFF, which studies health care issues.

Here’s a closer look at how this approach to health insurance is evolving.

What’s an ICHRA?

Normally, U.S. employers offering health coverage will have one or two insurance options for workers through what’s known as a group plan. The employers then pick up most of the premium, or cost of coverage.

ICHRAs are different: Employers contribute to health insurance coverage, but the workers then pick their own insurance plans. The employers that use ICHRAs hire outside firms to help people make their coverage decisions.

ICHRAs were created during President Donald Trump’s first administration. Enrollment started slowly but has swelled in recent years.

What’s the big deal about ICHRAs?

They give business owners a predictable cost, and they save companies from having to make coverage decisions for employees.

“You have so many things you need to focus on as a business owner to just actually grow the business,” said Jeff Yuan, co-founder of the New York-based insurance startup Taro Health.

Small businesses, in particular, can be vulnerable to annual insurance cost spikes, especially if some employees have expensive medical conditions. But the ICHRA approach keeps the employer cost more predictable.

Yuan’s company bases its contributions on the employee’s age and how many people are covered under the plan. That means it may contribute anywhere from $400 to more than $2,000 monthly to an employee’s coverage.

How is this approach different?

ICHRAs let people pick from among dozens of options in an individual insurance market instead of just taking whatever their company offers.

That may give people a chance to find coverage more tailored to their needs. Some insurers, for instance, offer plans designed for people with diabetes.

And workers can keep the coverage if they leave — potentially for longer periods than they would be able to with traditional employer health insurance plans. They likely will have to pay the full premium, but keeping the coverage also means they won’t have to find a new plan that covers their doctors.

Mark Bertolini, CEO of the insurer Oscar Health, noted that most people change jobs several times.

“Insurance works best when it moves with the consumer,” said the executive, whose company is growing enrollment through ICHRAs in several states.

What are the drawbacks for employees?

Health insurance plans on the individual market tend to have narrower coverage networks than employer-sponsored coverage.

It may be challenging for patients who see several doctors to find one plan that covers them all.

People shopping for their own insurance can find coverage choices and terms like deductibles or coinsurance overwhelming. That makes it important for employers to provide help with plan selection.

The broker or technology platform setting up a company’s ICHRA generally does this by asking about their medical needs or if they have any surgeries planned in the coming year.

How many people get coverage this way?

There are no good numbers nationally that show how many people have coverage through an ICHRA or a separate program for companies with 50 workers or less.

However, the HRA Council, a trade association that promotes the arrangements, sees big growth. The council works with companies that help employers offer the ICHRAs. It studies growth in a sample of those businesses.

It says about 450,000 people were offered coverage through these arrangements this year. That’s up 50% from 2024. Council Executive Director Robin Paoli says the total market may be twice as large.

Still, these arrangements make up a sliver of employer-sponsored health coverage in the United States. About 154 million people were enrolled in coverage through work last year, according to KFF.

Will growth continue?

Several things could cause more employers to offer ICHRAs. As health care costs continue to climb, more companies may look to limit their exposure to the hit.

Some tax breaks and incentives that encourage the arrangements could wind up in a final version of the Republican tax bill currently under consideration in the Senate.

More people also will be eligible for the arrangements if extra government subsidies that help buy coverage on the Affordable Care Act’s individual marketplaces expire this year.

You can’t participate in an ICHRA if you are already getting a subsidy from the government, noted Brian Blase, a White House health policy adviser in the first Trump administration.

“The enhanced subsidies, they crowd out private financing,” he said.

The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group. The AP is solely responsible for all content.

By Lauren Schwahn, NerdWallet

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

No, we’re not asking your name. And we promise we’re not trying to offend you.

HENRY isn’t an insult; it’s a nickname given to a certain demographic in the personal finance world. If you earn a decent income, but feel like you aren’t building enough wealth, you might be a HENRY.

What is a HENRY?

HENRY is an acronym that stands for “High Earner, Not Rich Yet.” But what does it mean to be high earning? The definition varies depending on who you ask.

We sifted through Reddit forums to get a pulse check on what users say about HENRYs. People post anonymously, so we cannot confirm their individual experiences or circumstances.

Over on Reddit in the r/HENRYfinance subreddit, HENRYs are defined as “people who earn high incomes, usually between $250,000 to $500,000, but have not saved or invested enough to be considered rich.”

Net worth is another key number to consider.

Trevor Ausen, a certified financial planner in Minneapolis, Minnesota, says that HENRYs often have “somewhere between negative net worth, thanks to student loans or early career costs, to around $1 million in assets.”

Having an income or net worth above these figures tips the scales toward “rich.”

Who is the typical HENRY?

HENRYs are often business professionals, doctors, lawyers or tech employees with equity compensation, Ausen says.

Many live in places like New York or the Bay Area, he adds, where it can be hard to accumulate wealth even with a high salary due to the high cost of living. They’re usually in their 20s, 30s or 40s.

In some cases, HENRYs are also the first in their families to earn a higher income. That can come with added pressure to provide financial support for relatives and create generational wealth.

How do you know if you’re a HENRY?

Now that you know what a HENRY is, let’s see if you fit the bill.

“If you’re earning well but still feel like you’re just getting by financially, you might be a HENRY,” Flavio Landivar, a CFP in Miami, Florida, said in an email interview.

You might be a HENRY if you:

• Earn an above-average income (typically in the low to mid six-figure range).
• Live in a high-cost area.
• Spend most of your income on costs such as housing, student loans, child care and discretionary expenses.
• Don’t feel financially secure.

But not all HENRYs are the same.

While many have trouble building wealth because student loans or living expenses eat up their income, others are saving aggressively, Ausen says.

“They’ve only been high earning for a short amount of time, and just have not had the time to really build up those assets and save enough where they can be considered rich,” he says.

Ausen says his HENRY clients generally have too much cash. After maxing out their 401(k)s or other retirement accounts, they aren’t putting their extra money to work in an investment account.

If you’re parking a lot of cash in a general savings or checking account, that’s a sign you might be a HENRY.

“While there certainly is an argument for how much emergency fund, essentially, someone should have, after a certain point, it starts to become not as efficient as it could be,” Ausen says.

What do HENRYs care about?

Like most people, HENRYs want more money and greater financial freedom. Online discussions in r/HENRYfinance and other forums often focus on lifestyle creep, career growth, investment options and strategies for minimizing tax burdens.

HENRYs are also looking for quick guidance and reassurance that they’re on the right track.

“These young professionals may be settling into their careers, gaining responsibilities and have less leisure time than they used to,” Yesenia Realejo, a CFP with Tobias Financial Advisors in Plantation, Florida, said in an email interview.

“They may be starting families, buying homes, saving for their children’s college. With so much on their plates, they may find that they’re saving, but have no planned financial direction.”

Is being a HENRY good or bad?

If you’re a HENRY, you may feel stuck. It might seem like you aren’t making enough progress toward your financial goals.

But it’s important to emphasize the “Y” in HENRY. You’re not rich yet — that doesn’t mean you’ll never be rich.

“With smart planning, managing expenses and focusing on long-term goals, HENRYs have a great opportunity to build real wealth down the road,” Landivar said.

“Without that focus, though, it’s easy to stay stuck living paycheck to paycheck despite a high income.”

Start by making, or revisiting, your financial plan. If you’re not sure where to begin, consider getting help from a financial advisor. Getting rich may happen sooner than you think.

More From NerdWallet

• Practical Ways to Tackle Overspending
• Where to Park Cash if You’re Worried about the Stock Market
• Here’s How I Made $360 Selling Stuff on Facebook Marketplace

Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com. Twitter: @lauren_schwahn.

The article Are You a HENRY? originally appeared on NerdWallet.

By PAUL WISEMAN, AP Economics Writer

WASHINGTON (AP) — Farmers, cattle ranchers and hotel and restaurant managers breathed a sigh of relief last week when President Donald Trump ordered a pause to immigration raids that were disrupting those industries and scaring foreign-born workers off the job.

“There was finally a sense of calm,’’ said Rebecca Shi, CEO of the American Business Immigration Coalition.

That respite didn’t last long.

On Wednesday, Assistant Secretary of the Department of Homeland Security Tricia McLaughlin declared, “There will be no safe spaces for industries who harbor violent criminals or purposely try to undermine (immigration enforcement) efforts. Worksite enforcement remains a cornerstone of our efforts to safeguard public safety, national security and economic stability.’’

The flipflop baffled businesses trying to figure out the government’s actual policy, and Shi says now “there’s fear and worry once more.”

“That’s not a way to run business when your employees are at this level of stress and trauma,” she said.

Trump campaigned on a promise to deport millions of immigrants working in the United States illegally — an issue that has long fired up his GOP base. The crackdown intensified a few weeks ago when Stephen Miller, White House deputy chief of staff, gave the U.S. Immigration and Customs Enforcement a quota of 3,000 arrests a day, up from 650 a day in the first five months of Trump’s second term.

Suddenly, ICE seemed to be everywhere. “We saw ICE agents on farms, pointing assault rifles at cows, and removing half the workforce,’’ said Shi, whose coalition represents 1,700 employers and supports increased legal immigration.

One ICE raid left a New Mexico dairy with just 20 workers, down from 55. “You can’t turn off cows,’’ said Beverly Idsinga, the executive director of the Dairy Producers of New Mexico. “They need to be milked twice a day, fed twice a day.’’

Claudio Gonzalez, a chef at Izakaya Gazen in Los Angeles’ Little Tokyo district, said many of his Hispanic workers — whether they’re in the country legally or not — have been calling out of work recently due to fears that they will be targeted by ICE. His restaurant is a few blocks away from a collection of federal buildings, including an ICE detention center.

“They sometimes are too scared to work their shift,” Gonzalez said. “They kind of feel like it’s based on skin color.”

In some places, the problem isn’t ICE but rumors of ICE. At cherry-harvesting time in Washington state, many foreign-born workers are staying away from the orchards after hearing reports of impending immigration raids. One operation that usually employs 150 pickers is down to 20. Never mind that there hasn’t actually been any sign of ICE in the orchards.

“We’ve not heard of any real raids,’’ said Jon Folden, orchard manager for the farm cooperative Blue Bird in Washington’s Wenatchee River Valley. “We’ve heard a lot of rumors.’’

Jennie Murray, CEO of the advocacy group National Immigration Forum, said some immigrant parents worry that their workplaces will be raided and they’ll be hauled off by ICE while their kids are in school. They ask themselves, she said: “Do I show up and then my second-grader gets off the school bus and doesn’t have a parent to raise them? Maybe I shouldn’t show up for work.’’

The horror stories were conveyed to Trump, members of his administration and lawmakers in Congress by business advocacy and immigration reform groups like Shi’s coalition. Last Thursday, the president posted on his Truth Social platform that “Our great Farmers and people in the Hotel and Leisure business have been stating that our very aggressive policy on immigration is taking very good, long time workers away from them, with those jobs being almost impossible to replace.”

It was another case of Trump’s political agenda slamming smack into economic reality. With U.S. unemployment low at 4.2%, many businesses are desperate for workers, and immigration provides them.

According to the U.S. Census Bureau, foreign-born workers made up less than 19% of employed workers in the United States in 2023. But they accounted for nearly 24% of jobs preparing and serving food and 38% of jobs in farming, fishing and forestry.

“It really is clear to me that the people pushing for these raids that target farms and feed yards and dairies have no idea how farms operate,” Matt Teagarden, CEO of the Kansas Livestock Association, said Tuesday during a virtual press conference.

Torsten Slok, chief economist at Apollo Global Management, estimated in January that undocumented workers account for 13% of U.S. farm jobs and 7% of jobs in hospitality businesses such as hotels, restaurants and bars.

The Pew Research Center found last year that 75% of U.S. registered voters — including 59% of Trump supporters — agreed that undocumented immigrants mostly fill jobs that American citizens don’t want. And an influx of immigrants in 2022 and 2023 allowed the United States to overcome an outbreak of inflation without tipping into recession.

In the past, economists estimated that America’s employers could add no more than 100,000 jobs a month without overheating the economy and igniting inflation. But economists Wendy Edelberg and Tara Watson of the Brookings Institution calculated that because of the immigrant arrivals, monthly job growth could reach 160,000 to 200,000 without exerting upward pressure on prices.

Now Trump’s deportation plans — and the uncertainty around them — are weighing on businesses and the economy.

“The reality is, a significant portion of our industry relies on immigrant labor — skilled, hardworking people who’ve been part of our workforce for years. When there are sudden crackdowns or raids, it slows timelines, drives up costs, and makes it harder to plan ahead,” says Patrick Murphy, chief investment officer at the Florida building firm Coastal Construction and a former Democratic member of Congress. “ We’re not sure from one month to the next what the rules are going to be or how they’ll be enforced. That uncertainty makes it really hard to operate a forward-looking business.”

Adds Douglas Holtz Eakin, former director of the Congressional Budget Office and now president of the conservative American Action Forum think tank: “ICE had detained people who are here lawfully and so now lawful immigrants are afraid to go to work … All of this goes against other economic objectives the administration might have. The immigration policy and the economic policy are not lining up at all.’’

AP Staff Writers Jaime Ding in Los Angeles; Valerie Gonzalez in McAllen, Texas; Lisa Mascaro and Chris Megerian in Washington; Mae Anderson and Matt Sedensky in New York, and Associated Press/Report for America journalist Jack Brook in New Orleans contributed to this report.

Subscribe to The Metro on Apple Podcasts, Spotify, NPR.org or wherever you get your podcasts.

Located in the Cass Corridor, Roar Brewery is gearing up for its grand opening. Detroit is known for its many exports, and beer happens to be one of those significant Detroit staples, playing an important role in our city.

Roar Brewery plans to add to the legacy that is Detroit beer as a Black-owned brewery, opening its doors next month. Founder and US veteran Evan Fay wants to make sure Roar is a space the community can feel at home, and he joins us on The Metro today to welcome us in.

Listen to The Metro weekdays from 10 a.m. to noon ET on 101.9 FM and streaming  on demand.

Trusted, accurate, up-to-date.

WDET strives to make our journalism accessible to everyone. As a public media institution, we maintain our journalistic integrity through independent support from readers like you. If you value WDET as your source of news, music and conversation, please make a gift today.

Donate today »

More stories from The Metro

The Metro: What role will the US play in Israel’s conflict with Iran?

Robyn Vincent

Read More »

The Metro: Mayoral candidate Joel Haashiim fights for Detroit grassroots power

Sam Corey

Read More »

The Metro: The commercialization of Pride Month

Tia Graham

Read More »

The post The Metro: Black-owned brewery to join the Detroit beer scene appeared first on WDET 101.9 FM.

President Donald Trump suggested on Tuesday that he would likely extend a deadline for TikTok’s Chinese owner to divest the popular video sharing app.

Trump had signed an order in early April to keep TikTok running for another 75 days after a potential deal to sell the app to American owners was put on ice.

“Probably yeah, yeah,” he responded when asked by reporters on Air Force One whether the deadline would be extended again.

“Probably have to get China approval but I think we’ll get it. I think President Xi will ultimately approve it.”

He indicated in an interview last month with NBC that he would be open to pushing back the deadline again. If it happens, it would be third time that the deadline has been extended.

By Edward Russell
Special to The Washington Post

Travel writer Harriet Baskas faced a dilemma for her 20th wedding anniversary.

An assignment to Dallas-Fort Worth International Airport would see her miss the milestone with her husband and, while they had no standing traditions at home, a couples weekend package at the new Grand Hyatt DFW was enticing.

What if, she thought, he joined her for the trip to spend time together in an unconventional date spot?

That’s exactly what they did, taking a gourmet cooking class, enjoying the restaurants and soaking in the views of one of the world’s busiest airports.

That stay kicked off a tradition that has taken Baskas and her husband to an airport hotel roughly every five years, in places including Denver, Nashville and Vancouver.

Her favorite? The Westin Denver International Airport, where they watched “Top Gun” on the plaza.

“That was just a big treat to watch an aviation-themed movie at the airport outside our hotel,” she said.

Airport hotels are no longer dominated by the staid, cheap, bed-for-a-night abodes that were standard for so many decades. New accommodations hark back to the luxury of early aviation, featuring top-notch amenities that are enjoyable for weary vacationers, road warriors and even locals.

The TWA Hotel at New York’s John F. Kennedy International Airport features a high-end bar where aviation-themed drinks are a must. The rooftop pool at the Grand Hyatt DFW features sweeping views of the surrounding airport. And workouts in the high-floor gym at the Denver airport Westin come with a view of the Rocky Mountains.

From early practicality to modern amenities

The idea of an airport hotel dates to the origins of air travel itself, when those who could afford to fly faced long, multi-stop trips. A New York-to-Los Angeles flight on TWA in 1936 took more than 15 hours, according to a schedule from the time. Weather and other delays were common and often could require an overnight stay en route.

The Dearborn Inn was one of those early abodes, said Ted Ryan, an archivist at Ford Motor Co. Others included the Aerodrome Hotel at Britain’s Croydon Airport and the Oakland Airport Inn in California.

The Dearborn Inn opened adjacent to the former Ford Airport in Michigan in July 1931. The stately Georgian-style building designed by Albert Kahn served as an overnight respite for fliers and crews until the airport closed in 1947.

The hotel is still operating, though, and a recently completed multimillion-dollar, two-year renovation highlighted its aviation heritage.

Julie Mendola, who oversees real estate projects for Ford and worked on the renovation, said one feature reimagines a tradition from the company’s founder.

“Previously, when individuals traveled, Henry Ford would give them a boarding pass,” Mendola said. “We took the original phone booth (that) sits just off the lobby. When you step in you can actually print, email or text yourself a digital boarding pass.”

The “boarding pass” features your photo and a vintage aviation-themed background, Mendola said.

Between the Dearborn Inn’s “Americana” luxury, as a 1937 brochure put it, and today’s posh Hyatts and Westins was a long period of basic airport accommodations that served a need and not much else.

Henry Harteveldt, a travel-industry analyst at Atmosphere Research Group, noted the introduction of jumbo jets, such as Boeing’s 747 and the McDonnell Douglas DC-10, as a turning point for airport hotels. A lot more people could afford to fly on these new planes that seated hundreds of passengers.

“That really led to a growth in the number of (hotel) properties near an airport and a variety of properties near an airport,” he said.

One important cohort was business travelers. While earlier work trips involved a stay downtown or near a factory, the advent of mass air travel meant corporate fliers could go somewhere just for a meeting at the airport. And they needed a place to stay.

The Hilton Chicago O’Hare Airport Hotel catered to these road warriors. It opened in 1973 as one of the first hotels connected to an airport terminal, and it featured rooms that Architecture Plus magazine described at the time as “a good cut above standard practice.”

The growing demand for airport hotels attracted global brands — Hilton, Hyatt, Marriott — that brought a standard look and feel to properties, Harteveldt said, contributing to the sector’s staid reputation.

Pricey convenience

Stacey Stegman, a spokesperson for Denver International Airport, said feedback on the Westin is generally positive, but it does get one frequent complaint.

“People love the convenience; they love the quality,” she said. “The only negative thing I typically hear is that it can be pricey at times.”

Travelers do have the option of cheaper hotels near the Denver airport. There are more than a dozen accommodations a little more than five miles from the terminal, with rates as low as $100 a night, Google Maps shows. But none of these offer the convenience and ease of the Westin that is steps from baggage claim.

Newer, more sophisticated airport hotels are relatively expensive and popular.

The Grand Hyatt at SFO, which opened in 2019, is full more than 80% of the time, the San Francisco International Airport spokesman Doug Yakel said. The cheapest room for a one-night stay on a recent Friday was $340, according to the hotel’s website.

And a top amenity for aviation enthusiasts? The views.

Harteveldt said the views of Los Angeles International Airport from the Hyatt Regency LAX, his favorite airport hotel, are excellent. That includes the one from the gym at the top of the hotel.

“That makes a workout more fun for an AV geek like me,” he said.

The post MichMash: Former Lt. Gov. Brian Calley talks insurance crisis; House passes K-12 budget appeared first on WDET 101.9 FM.

By PAUL WISEMAN, AP Economics Writer

WASHINGTON (AP) — President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday.

Citing “a substantial rise in trade barriers’’ but without mentioning Trump by name, the 189-country lender predicted that the U.S. economy – the world’s largest – would grow half as fast (1.4%) this year as it did in 2024 (2.8%). That marked a downgrade from the 2.3% U.S. growth it had forecast back for 2025 back in January.

The bank also lopped 0.4 percentage points off its forecast for global growth this year. It now expects the world economy to expand just 2.3% in 2025, down from 2.8% in 2024.

In a forward to the latest version of the twice-yearly Global Economic Prospects report, World Bank chief economist Indermit Gill wrote that the global economy has missed its chance for the “soft landing’’ — slowing enough to tame inflation without generating serious pain — it appeared headed for just six months ago. “The world economy today is once more running into turbulence,” Gill wrote. “Without a swift course correction, the harm to living standards could be deep.’’

America’s economic prospects have been clouded by Trump’s erratic and aggressive trade policies, including 10% taxes — tariffs — on imports from almost every country in the world. These levies drive up costs in the U.S. and invite retaliation from other countries.

The Chinese economy is forecast to see growth slow from 5% in 2024 to 4.5% this year and 4% next. The world’s second-largest economy has been hobbled by the tariffs that Trump has imposed on its exports, by the collapse of its real estate market and by an aging workforce.

The World Bank expects the 20 European countries that share the euro currency to collectively grow just 0.7% this year, down from an already lackluster 0.9% in 2024. Trump’s tariffs are expected to hurt European exports. And the unpredictable way he rolls them out — announcing them, suspending them, coming up with new ones — has created uncertainty that discourages business investment.

India is once again expected to the be world’s fastest-growing major economy, expanding at a 6.3% clip this year. But that’s down from 6.5% in 2024 and from the 6.7% the bank had forecast for 2025 in January. In Japan, economic growth is expected to accelerate this year – but only from 0.2% in 2024 to a sluggish 0.7% this year, well short of the 1.2% the World Bank had forecast in January.

The World Bank seeks to reduce poverty and boost living standards by providing grants and low-rate loans to poor economies.

Another multinational organization that seeks to promote global prosperity — the Organization for Economic Cooperation and Development — last week downgraded its forecast for the U.S. and global economies.

By MICHAEL LIEDTKE The Associated Press

CUPERTINO, Calif. — After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during an annual developers conference that focused mostly on incremental advances and cosmetic changes in its technology.

The presummer rite, which attracted thousands of developers from nearly 60 countries to Apple’s Silicon Valley headquarters, was subdued compared with the feverish anticipation that surrounded the event in the last two years.

Apple highlighted plans for more AI tools designed to simplify people’s lives and make its products even more intuitive. It also provided an early glimpse at the biggest redesign of its iPhone software in a decade. In doing so, Apple executives refrained from issuing bold promises of breakthroughs that punctuated recent conferences, prompting CFRA analyst Angelo Zino to deride the event as a “dud” in a research note.

More AI, but what about Siri?

In 2023, Apple unveiled a mixed-reality headset that has been little more than a niche product, and last year WWDC trumpeted its first major foray into the AI craze with an array of new features highlighted by the promise of a smarter and more versatile version of its virtual assistant, Siri — a goal that has yet to be realized.

“This work needed more time to reach our high-quality bar,” Craig Federighi, Apple’s top software executive, said Monday at the outset of the conference. The company didn’t provide a precise timetable for when Siri’s AI upgrade will be finished but indicated it won’t happen until next year at the earliest.

“The silence surrounding Siri was deafening,” said Forrester Research analyst Dipanjan Chatterjee said. “No amount of text corrections or cute emojis can fill the yawning void of an intuitive, interactive AI experience that we know Siri will be capable of when ready. We just don’t know when that will happen. The end of the Siri runway is coming up fast, and Apple needs to lift off.”

Is Apple, with its ‘liquid glass,’ still a trendsetter?

The showcase unfolded amid nagging questions about whether Apple has lost some of the mystique and innovative drive that has made it a tech trendsetter during its nearly 50-year history.

Instead of making a big splash as it did with the Vision Pro headset and its AI suite, Apple took a mostly low-key approach that emphasized its effort to spruce up the look of its software with a new design called “Liquid Glass” while also unveiling a new hub for its video games and new features like a “Workout Buddy” to help manage physical fitness.

Apple executives promised to make its software more compatible with the increasingly sophisticated computer chips that have been powering its products while also making it easier to toggle between the iPhone, iPad, and Mac.

“Our product experience has become even more seamless and enjoyable,” Apple CEO Tim Cook told the crowd as the 90-minute showcase wrapped up.

IDC analyst Francisco Jeronimo said Apple seemed to be largely using Monday’s conference to demonstrate the company still has a blueprint for success in AI, even if it’s going to take longer to realize the vision that was presented a year ago.

“This year’s event was not about disruptive innovation, but rather careful calibration, platform refinement and developer enablement —positioning itself for future moves rather than unveiling game-changing technologies,” Jeronimo said.

Apple’s next operating system will be iOS 26

Besides redesigning its software. Apple will switch to a method that automakers have used to telegraph their latest car models by linking them to the year after they first arrive at dealerships. That means the next version of the iPhone operating system due out this autumn will be known as iOS 26 instead of iOS 19 — as it would be under the previous naming approach that has been used since the device’s 2007 debut.

The iOS 26 upgrade is expected to be released in September around the same time Apple traditionally rolls out the next iPhone models.

Playing catchup in AI

Apple opened the proceedings with a short video clip featuring Federighi speeding around a track in a Formula 1 race car. Although it was meant to promote the June 27 release of the Apple film, “F1” starring Brad Pitt, the segment could also be viewed as an unintentional analogy to the company’s attempt to catch up to the rest of the pack in AI technology.

While some of the new AI tricks compatible with the latest iPhones began rolling out late last year as part of free software updates, the delays in a souped-up Siri became so glaring that the chastened company stopped promoting it in its marketing campaigns earlier this year.

While Apple has been struggling to make AI that meets its standards, the gap separating it from other tech powerhouses is widening. Google keeps packing more AI into its Pixel smartphone lineup while introducing more of the technology into its search engine to dramatically change the way it works. Samsung, Apple’s biggest smartphone rival, is also leaning heavily into AI. Meanwhile, ChatGPT recently struck a deal that will bring former Apple design guru Jony Ive into the fold to work on a new device expected to compete against the iPhone.

Regulatory and trade challenges

Besides grappling with innovation challenges, Apple also faces regulatory threats that could siphon away billions of dollars in revenue that help finance its research and development. A federal judge is currently weighing whether proposed countermeasures to Google’s illegal monopoly in search should include a ban on long-running deals worth $20 billion annually to Apple while another federal judge recently banned the company from collecting commissions on in-app transactions processed outside its once-exclusive payment system.

On top of all that, Apple has been caught in the crosshairs of President Donald Trump’s trade war with China, a key manufacturing hub for the Cupertino, California, company. Cook successfully persuaded Trump to exempt the iPhone from tariffs during the president’s first administration, but he has had less success during Trump’s second term, which seems more determined to prod Apple to make its products in the U.S.

The multidimensional gauntlet facing Apple is spooking investors, causing the company’s stock price to plunge by 20% so far this year — a decline that has erased about $750 billion in shareholder wealth. After beginning the year as the most valuable company in the world, Apple now ranks third behind longtime rival Microsoft, another AI leader, and AI chipmaker Nvidia.

Apple’s shares closed down by more than 1% on Monday — an early indication the company’s latest announcements didn’t inspire investors.

By DAN FRIO, Edmunds

If you wanted a midsize truck 10 years ago, your choices included an aging Toyota Tacoma or an even older Nissan Frontier design. Today, renewed versions of the Chevrolet Colorado, Ford Ranger and Honda Ridgeline have revitalized the segment enough to have spawned a new compact pickup class, led by the Ford Maverick and Hyundai Santa Cruz.

They approach light-duty truck utility from different angles. Although it offers a wildly fuel-efficient hybrid engine, the Maverick, with robust towing and hauling limits, plus its bouncy ride and barren interior, is a more conventional pickup. The Santa Cruz is classier and more comfortable, more SUV than truck. It can tow more than the Ford, but it lacks the heavy hauling strength. The best one for buyers really comes down to intended use.

Power and fuel economy

Both the Maverick and Santa Cruz start with four-cylinder engines rated at 191 horsepower. Neither truck is quick, but both are capable. Importantly, the Maverick is a hybrid that delivers an impressive 38 mpg combined, and we even squeezed out a few extra mpg in our real-world testing. The Santa Cruz isn’t a hybrid but gets up to 25 mpg combined (22 city/30 highway). Adding all-wheel drive shaves the estimates for both trucks by 1 mpg.

Both models offer optional turbo engines for better performance. The Maverick can dash from 0 to 60 mph in 6.6 seconds with its 250-horsepower four-cylinder, while the Santa Cruz is nearly as swift (6.8 seconds) with its 281-horsepower engine. The turbo trucks are also more evenly matched at the pump. The turbo Maverick gets an EPA-estimated 23-25 mpg combined, which we confirmed in our real-world testing, while the Santa Cruz actually outperformed its 21-22 mpg combined EPA rating with 29 mpg in our tests.

Winner: Maverick

Towing and payload

Properly equipped, the Maverick can tow up to 4,000 pounds, plenty for a small pop-up or travel trailer, or a couple of dirt bikes with a trailer and fuel, but doing so requires the pricier turbo engine. (The hybrid is limited to 2,000 pounds.) The Santa Cruz is rated at a more robust 5,000 pounds with its turbo engine or 3,500 pounds with its base engine. One thousand pounds isn’t much when comparing big trucks, but it’s a sizable advantage for a compact pickup.

The Maverick’s 1,500-pound payload capacity — fuel, passengers and bed weight combined — edges out the Santa Cruz’s rating of 1,411 pounds, and the Ford’s slightly longer bed improves utility. The Maverick also offers a trailering package — hitch, wiring harness and trailer brake controller — from the factory. For the Santa Cruz, you’d need to source aftermarket components. Since both trucks are capable in different ways, this choice comes down to specific use cases.

Winner: tie

Off-road capability

Neither truck offers serious off-road hardware, although the Maverick comes close. Both can handle a rutted trail or fire road thanks to optional all-wheel drive, a measure of body armor, and roughly 8.5 inches of ground clearance. The Santa Cruz XRT trim includes all-terrain tires, front tow hooks and a surround-view monitor to enhance visibility, but the Maverick Tremor trim is the best choice for dirt work.

The Tremor comes with even higher ground clearance, a specially tuned suspension and locking rear differential, underbody skid plates, and modes that optimize speed and traction for different terrain. But the pricey Tremor ($42,690) isn’t the only way to go off-road. The optional FX4 package for the Maverick XLT trim offers several of the same features for less money.

Winner: Maverick

Comfort, tech and value

If you expect a truck-like ride, the Maverick doesn’t disappoint. It jostles along like a basic work truck, its street-oriented Lobo trim the only exception. The Santa Cruz feels like a Mercedes by comparison, with a softer, controlled ride more typical of a crossover. The theme continues in the cabin, which feels fresher and more upmarket than the Maverick’s plastic expanse.

Both trucks come with large touchscreens — 13.2-inch in the Maverick, 12.3-inch in the Santa Cruz — underpinned by clean user interfaces and responsive software. But the Hyundai’s extra standard and optional driver aids, including adaptive cruise control, give it an edge. You can also get more optional creature comforts with the Santa Cruz, such as ventilated seats and leather upholstery. Both trucks cost nearly the same, with the Maverick starting at $29,840 (including destination) and the Santa Cruz at $30,200. The latter’s classier features give it an edge here.

Winner: Santa Cruz

Edmunds says

Get the Maverick if you need typical truck muscle or excellent fuel economy. Get the Santa Cruz if you want classier crossover comfort or need to tow heavier loads.

This story was provided to The Associated Press by the automotive website Edmunds.

Dan Frio is a contributor at Edmunds.

By Breana Noble and Owen McCarthy, The Detroit News

Consumers’ hunger for new vehicles persisted in May, but affordability concerns could cool sales in June as dealerships start running short on cars and SUVs delivered ahead of President Donald Trump’s 25% tariffs.

In May, Ford’s U.S. sales increased 16% year-over-year while Hyundai’s grew 8% and Kia’s rose 5%. Subaru and Mazda Motor Corp., however, reported declines of 10% and 19%, respectively. General Motors and Stellantis will report second-quarter sales next month.

Spring typically marks a surge in vehicle sales, as tax returns hit bank accounts and the weather warms up. But consumer sentiment has plunged to some of its lowest levels in decades amid frequently changing rules on tariffs, and concerns that new vehicle prices could climb later this year. It has led some consumers to purchase vehicles sooner than they had planned.

S&P Global Mobility forecasted May sales up 2% compared to a year ago, but predicted sales were slowing to a seasonally adjusted annual rate of 15.7 million vehicles, down from 17.6 million from March to April.

“Consumer confidence is down, but the sales are not,” said Stephanie Brinley, associate director of research and analysis at S&P’s AutoIntelligence. “It doesn’t usually work that way.”

With inventories down and non-tariffed models moving off lots, the “affordability bullet has not come through yet. There’s a little bit of wait-and-see for what automakers really do,” Brinley added, noting June could start revealing the direction companies choose to take.

Some have given consumers confidence that they can wait a bit. Ford, through the July 4 weekend, is offering its customers thousands of dollars per vehicle in discounts typically reserved for its employees. In early May, however, it did increase prices by up to $2,000 forf its Mexico-built vehicles because of tariffs.

Stellantis — the parent of Chrysler, Dodge, Jeep, Ram and other brands — is offering a similar employee discount program, which it has been extended through June. Volkswagen has said it will hold to its current manufacturer’s suggested retail prices through June. GM CEO Mary Barra has said the automaker doesn’t expect major price increases.

But vehicle imports are expected to slow, which will mean less availability and price increases, said Charlie Chesbrough, a senior economist at Cox Automotive Inc.

“As more tariffed products replace existing inventory over the summer,” he said, in a May forecast, “prices are expected to be pushed higher, leading to slower sales in the coming months.”

Some dealers are already noticing wariness. “I haven’t seen people this cautious since before, or during, the early stages of COVID,” said Jim Walen, the owner of Stellantis and Hyundai showrooms in Seattle.

The ports in Seattle look “empty,” he said. Layoffs by Microsoft in the state of Washington haven’t helped business either. Stellantis’ employee discount program, however, is a boon: “Anytime you can affect the transaction price, it’s a good thing.”

Meanwhile, some dealers are planning to pull back over revenue concerns, Walen said, but he’s taking a different approach: “We’re very aggressive. We stock a lot, we’re part of the community, we advertise a lot.”

While some May sales are occurring over tariff concerns, other shoppers are dropping out of the market altogether, said Ivan Drury, director of insights at auto information website Edmunds.com. It may still be too early to determine if the circumstances will affect vehicle segments as some customers hold off rather than get a vehicle without certain features.

There are also differing views on tariffs, how they work and the impact they will have, Drury added: “Not everybody’s on the same page.”

But there are trends. More consumers bought out their leases in May than in April, rather than leasing again. That could be a sign customers are seeking to limit increases to their monthly payments, but it also means they’re stepping out of the market, Drury said.

He added that while inventory is declining there’s still too much stock — more than 2.5 million vehicles are on dealer lots — to see substantial price increases.

“The last time when we had people really get hit with price increases, where it took them back, was when we were down to 1 million units,” Drury said. “And that’s where you start to see that crossover between consumers getting a deal versus consumers just dealing and saying, ‘OK, fine, I’ll pay MSRP. I’ll pay above.’”

The share of electric vehicles in the market was forecasted to continue slipping. EV’s accounted for about 7% of sales in March and April, and S&P Global Mobility predicts it would be 6.8% in May. Ford EV sales in May were down by a quarter, driven by decreases in the F-150 Lightning pickup and Transit commercial van.

Trump has pulled federal funding for EV charging infrastructure and directed his administration to reevaluate greenhouse gas tailpipe emission regulations and incentives that could be construed as an “EV mandate.” The U.S. Senate last month also removed a waiver that enabled California and a contingent of states to enforce stricter zero-emission requirements on passenger vehicle sales. The result is an uncertain policy environment around EVs.

“They’ve been trending a little bit down the whole year,” Brinley said. “It may be some people looking for an EV in January bought, expecting the incentives to go away, but they’re not afraid of that anymore.”

Rhett Ricart, who has eight new-vehicle stores for Ford and Chevrolet to Nissan and Mitsubishi in and near Columbus, Ohio, said tariffs and policy changes are on the minds of EV buyers, but he otherwise describes sales as normal.

“A possible tariff scare … doesn’t seem to exist,” Ricart said, adding about expectations that Trump or the judicial system will offer some clarity on import taxes. “For any jitteriness, we will hopefully find out if the tariffs stick soon.”

A Reddit user recently asked for advice on ways to stop thinking about money nonstop.

It’s hard, the user explained, to avoid fixating on personal finances. Comparing yourself to others can be tempting, even though doing so doesn’t feel good or productive.

Other users jumped in to offer tips, such as talking to a therapist, finding a new hobby, scaling back on social media and saving enough for a sufficient safety net.

Financial experts say focusing on your own financial plan is the best way to avoid thinking too much about what other people might be doing.

Make a plan

“Something about having a plan in place takes a lot of the stress off,” says Dwayne Reinike, a certified financial planner and founder of Valiant Financial Planning in Kirkland, Washington.

Similar to how writing down everything on your to-do list can make it easier to sleep at night, he says creating a basic financial plan allows you to relax. That plan can include a budget, retirement goals and other savings targets.

You might hear that the markets are down or concerns about a coming recession, “but it’s OK, because you have a plan,” Reinike says.

Pick one goal to focus on

Picking one goal to focus on — such as saving up for a house or setting limits for spending — can give you a greater sense of control over your financial life, says Stephanie Loeffel, a CFP and founder of Ascend Financial in the Boston area.

If you don’t have a goal to guide you, she says, then it’s easy to bounce between different ideas based on the day’s news. If interest rates fall, you might wonder if you should buy a house. If the stock market fluctuates, you may question whether it’s time to shift your retirement investments.

She recommends zeroing in on what you can control: your own spending, saving and other financial habits.

“You take the emotion out of the equation and it’s easier to not obsess about the noise around you,” Loeffel says.

Designate a specific time to focus on money

Setting aside time at least once a year to map your financial plans can ease your mind the rest of the time.

Use that time to think about what you want to achieve with your money. You can also set short-term and long-term goals, says Reinike.

“If you have your emergency fund set up and on auto-deposit, then you can go a year or so without thinking about it,” he says. (You may want to conduct quick check-ins throughout the year to check for any errors.)

Similarly, a retirement savings account with automatic deposits from your paycheck doesn’t need to be constantly monitored.

If unexpected events pop up, such as a new baby or a job loss, then you can revisit those plans and adjust. Otherwise, you can maintain your current course.

“People tend to make changes when they’re really happy or really upset, and that’s not the time to make changes. It’s the time to stick with the plan you already established,” Reinike says.

Build up savings and pay off debt

Another way to gain more control over your finances is to double down on saving money and paying off debt, Loeffel says. Many of her clients are surprised about their expenses once they start tracking them.

Monitoring your cash flow for six months is a good place to start. Then, make adjustments to eventually achieve a goal of putting around 10% into savings. That can help build up an emergency fund.

“Once you have an emergency fund, you’re not as vulnerable,” Loeffel says.

That makes it easier to worry less about negative events that can hurt your finances.

“It takes away that emotional vulnerability because you have a cushion and you have control,” she says.

Similarly, paying off debt is something you can control. You can make a plan for paying off debt — perhaps using the avalanche or snowball method — then watch your progress as the weeks tick by, Loeffel says.

The avalanche method involves paying the debt with the highest interest rate first. The snowball method refers to building momentum by paying off the smallest debt balances first.

Avoid comparisons to others

“Compare yourself to the you of yesterday, not everyone else,” suggests Reinike.

Just as in sports, you should strive for a personal best — not necessarily doing better than others.

You really can’t compare your financial situation to others based on social media. Posts don’t tell the whole story or how people are funding their lifestyle, Reinikehe adds.

“Everyone’s journey is individualized.”

Reddit is an online forum where users share their thoughts in “threads” on various topics. The popular site includes plenty of discussion on financial subjects like saving and budgeting, so we sifted through Reddit forums to get a pulse check. People post anonymously, so we cannot confirm their individual experiences or circumstances.

Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com. Twitter: @kimberlypalmer.

The article Asked on Reddit: How to Stop Obsessing About Money originally appeared on NerdWallet.

By MICHELLE L. PRICE and MARC LEVY

HARRISBURG, Pa. (AP) — President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel, which he says will keep the iconic American steelmaker under U.S.-control.

Though Trump initially vowed to block the Japanese steelmaker’s bid to buy Pittsburgh-based U.S. Steel, he changed course and announced an agreement last week for what he described as “partial ownership” by Nippon. It’s not clear, though, if the deal his administration helped broker has been finalized or how ownership would be structured.

Trump stressed the deal would maintain American control of the storied company, which is seen as both a political symbol and an important matter for the country’s supply chain, industries like auto manufacturing and national security.

Trump, who has been eager to strike deals and announce new investments in the U.S. since retaking the White House, is also trying to satisfy voters, including blue-collar workers, who elected him as he called to protect U.S. manufacturing.

U.S. Steel has not publicly communicated any details of a revamped deal to investors. Nippon Steel issued a statement approving of the proposed “partnership” but also has not disclosed terms of the arrangement.

State and federal lawmakers who have been briefed on the matter describe a deal in which Nippon will buy U.S. Steel and spend billions on U.S. Steel facilities in Pennsylvania, Indiana, Alabama, Arkansas and Minnesota. The company would be overseen by an executive suite and board made up mostly of Americans and protected by the U.S. government’s veto power in the form of a “golden share.”

In the absence of clear details or affirmation from the companies involved, the United Steelworkers union, which has long opposed the deal, this week questioned whether the new arrangement makes “any meaningful change” from the initial proposal.

“Nippon has maintained consistently that it would only invest in U.S. Steel’s facilities if it owned the company outright,” the union said in a statement. “We’ve seen nothing in the reporting over the past few days suggesting that Nippon has walked back from this position.”

The White House did not offer any new details Thursday. U.S. Steel did not respond to messages seeking information. Nippon Steel also declined to comment.

No matter the terms, the issue has outsized importance for Trump, who last year repeatedly said he would block the deal and foreign ownership of U.S. Steel, as did former President Joe Biden.

Trump promised during the campaign to make the revitalization of American manufacturing a priority of his second term in office. And the fate of U.S. Steel, once the world’s largest corporation, could become a political liability in the midterm elections for his Republican Party in the swing state of Pennsylvania and other battleground states dependent on industrial manufacturing.

Trump said Sunday he wouldn’t approve the deal if U.S. Steel did not remain under U.S. control and said it will keep its headquarters in Pittsburgh.

In an interview on Fox News Channel on Wednesday, Pennsylvania Republican Rep. Dan Meuser called the arrangement “strictly an investment, a strategic partnership where it’s American-owned, American run and remains in America.”

However, Meuser said he hadn’t seen the deal and added that “it’s still being structured.”

Pennsylvania Republican Sen. David McCormick came out in favor of the plan, calling it “great” for the domestic steel industry, Pennsylvania, national security and U.S. Steel’s employees. A bipartisan group of senators, joined by then-Senate candidate McCormick, had opposed Nippon Steel’s initial proposed purchase of U.S. Steel for $14.9 billion after it was announced in late 2023.

In recent days, Trump and other American officials began touting Nippon Steel’s new commitment to invest $14 billion on top of its $14.9 billion bid, including building a new electric arc furnace steel mill somewhere in the U.S.

Pennsylvania’s other senator, Democrat John Fetterman — who lives across the street from U.S. Steel’s Edgar Thomson Steel Works blast furnace — didn’t explicitly endorse the new proposal. But he said he had helped jam up Nippon Steel’s original bid until “Nippon coughed up an extra $14B.”

The planned “golden share” for the U.S. amounts to three board members approved by the U.S. government, which will essentially ensure that U.S. Steel can only make decisions that’ll be in the best interests of the United States, McCormick said Tuesday on Fox News.

Gov. Josh Shapiro, a Democrat who is seen as a potential presidential candidate, had largely refrained from publicly endorsing a deal but said at a news conference this week that he was “cautiously optimistic” about the arrangement.

In an interview published Thursday in the conservative Washington Examiner, Shapiro said: “The deal has gotten better. The prospects for the future of steelmaking have gotten better.”

Chris Kelly, the mayor of West Mifflin, Pennsylvania, where U.S. Steel’s Irvin finishing plant is located, said he was “ecstatic” about the deal, though he acknowledged some details were unknown. He said it will save thousands of jobs for his community.

“It’s like a reprieve from taking steel out of Pittsburgh,” he said.

Price reported from Washington. AP writer Yuri Kageyama in Tokyo contributed to this report.

The post Detroit Evening Report: Detroit parks climb in national ranking appeared first on WDET 101.9 FM.

By Ariana Arghandewal, Bankrate.com

Credit cards are widely accepted in most parts of the world, which is great for those who want to maximize rewards on their trips abroad. Not only do many cards offer generous rewards on travel spending, but they also provide convenience and an added layer of protection in case your trip doesn’t go as planned.

Using a credit card is better than using cash in most cases. However, you may still encounter issues when attempting to use your credit card abroad, so make sure to plan accordingly.

Can I use my credit card abroad?

In most cases, yes! The country you’re visiting may have different banks, but many of the payment networks common in the U.S. are widely accepted around the globe. Some credit cards, most commonly travel credit cards, even have no foreign transaction fees and earn rewards on specific purchases worldwide, such as restaurants. This helps you save money and earn more in rewards when you travel.

However, it’s important to know that while your card can be used abroad, it doesn’t mean it will always work. If your card is worn down or tends to be a little faulty at home, it can be just as finicky outside the country. Or if your credit card issuer is unaware that you’re traveling, they may assume your identity is stolen and decline your purchases. Some payment networks are also less common abroad. Luckily, there are workarounds to a few of the most common issues you may come across.

Bankrate tip

See Bankrate’s Travel Toolkit for tips and insights to boost your savings and maximize your travel.

How to make sure your credit card works abroad

A handful of factors may prevent your credit card from working overseas. Most of them have simple solutions and require just a bit of advance planning.

—Use a widely accepted issuer. Visa and Mastercard are the most widely accepted credit card payment networks worldwide. While American Express and Discover can come in handy in many situations, you may want to bring a backup Visa or Mastercard while traveling abroad, just in case.

—Use chip and PIN cards or a digital wallet. In many countries around the world, chip and personal identification number (PIN) cards are the norm. These cards use a microchip and PIN to validate transactions, instead of a cardholder’s signature. Rather than swiping the magnetic stripe through the card reader, consumers insert the card into the machine and enter the PIN associated with the chip. If you have a card with a chip in your wallet, set a PIN so you don’t run into trouble using it abroad.

Digital wallets are also becoming the norm for storing credit cards, debit cards, and even boarding passes for your flight. They often lead to faster, more secured payments with a lower risk of being lost or stolen. So, it may be beneficial to set one up and add your card. This way, you can keep the physical card tucked away as a backup.

—Notify your bank of your travel plans. If you’ve booked any part of your trip on your credit card, notifying your bank isn’t usually required. If you did not use your credit card for any bookings, then providing advance notice of your travel plans reduces the odds of your bank declining your transactions abroad. Knowing that you’ll be in Paris for a week, your bank is less likely to reject your purchases at patisseries. They’ll know your credit card isn’t compromised — you’re just being a tourist.

Is it worthwhile to use a credit card abroad?

Yes, using your credit card abroad provides security and convenience that cash does not. You’ll potentially earn rewards on every purchase, which you can save and redeem toward future travel experiences. The items you buy may also be covered by purchase protection, giving you extra peace of mind. More importantly, you won’t have to carry large amounts of cash and worry about the security risk it poses.

While you should bring some cash for smaller purchases or in a city where it’s the main form of payment accepted, a credit card provides stronger protection and other added benefits.

Are there fees for using a credit card abroad?

You’ll encounter two types of fees when using a credit card abroad — foreign transaction fees and merchant fees. Foreign transaction fees are around 3% and can be avoided since many travel rewards cards waive them.

Merchant fees can include surcharges or convenience fees for using your card. These fees help to offset the merchant’s processing costs and can vary from 3% to 8%. These fees help offset the costs of the added protection you receive from a credit card.

Unfortunately, there isn’t much consumers can do about these fees. You can either pay the fee, use cash or shop somewhere else to get around them. Still, there is a small way to save some money when using your card.

If a merchant asks whether you want to pay in U.S. dollars or the local currency, always opt for the local currency. Your credit card issuer is likely to give you a much better conversion rate than the local business owner will.

Also, always opt out of dynamic currency conversion, which allows cardholders to handle transactions in their home currency when shopping or taking money from an ATM. While you may be able to know the actual price of your purchase, the additional fee often makes the purchase higher than it would be otherwise.

The bottom line

What you pack in your wallet matters as much as what you put in your carry-on when you travel abroad. You’ll want to bring one or more credit cards with a widely accepted payment network. Even better, bring one that offers purchase and travel protection, generous rewards and travel perks. You may encounter a few issues when using a credit card to pay for purchases, but there are workarounds. By following safe use practices, you won’t have to carry large sums of cash or worry about your transactions getting declined.

©2025 Bankrate.com. Distributed by Tribune Content Agency, LLC.