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Personal Finance Daily: This is how much America’s 1% has saved and the new child tax credit for your 20-something kid

Happy Monday, MarketWatchers! Here are the top private finance stories of the day.

Personal Finance
Americans apparently aren’t the unpleasant tourists in tiny, booming Montenegro

A powerful buck is bringing more American tourists to Europe this summer, together with less-trodden stops reminiscent of Montenegro.

My daughter is disabled and her boyfriend moved in with her—will have to we fee him rent?

This mom wonders whether it’s fair that her daughter’s boyfriend lives there without spending a dime.

Catholics lash out at church leaders with their wallets

After the record on systematic sexual abuse in Pennsylvania involving 1,000 kids over 7 decades, some fear their donations have been enabling a tradition of secrecy.

Even your 20-something kid can qualify for this new kid tax credit

A brand new credit for dependents covers kids up to age 23 who live at house.

How to snag the most productive discounts ahead of Sears and Kmart close more retail outlets

Consumers will have to wait ahead of looking for just right bargains.

Brace your self: This is how a lot America’s 1% has saved

New information expose how a lot Americans in each and every source of revenue bracket have put away for a rainy day.

The hidden reason why you'll’t discover a house to shop for right now

Potential house consumers can find the money for new mortgages — they simply received’t give up their old ones, writes Tim Mullaney.

Irony is back in taste

Consumers are returning to a few ‘uncool’ brands and even quietly politicizing their type choices.

September is a great time to get deals on these items

Before you embark on fall shopping, here’s what you will have to purchase (and skip) in the month of September.

Why your mind needs to make you broke, and what to do about it

Here are 6 common bad mind-sets—and methods to stay them from sabotaging your budget.

Elsewhere on MarketWatch
McCain best friend reads ‘farewell statement’ from the late senator

Clad in a tan go well with and sipping from a water bottle as he sought to stay emotion in take a look at, Rick Davis, national campaign manager for John McCain’s 2008 presidential run towards then–fellow U.S. senator Barack Obama, read a message relating issues of patriotism, exceptionalism and tribalism and explicitly having a look ahead to McCain’s imminent demise.

Tiger Woods doesn’t take the bait when asked about his relationship with Trump

Tiger Woods has always been some of the vanilla interviews in sports. He’ll give a lot of insight into his sport, speak about that birdie on the 8th hollow, how true the putts are rolling, but that’s in reality about it. He hardly veers off path by means of offering the general public a glimpse into his tumultuous private lifestyles. His interview on Sunday was more of the same.

Trump proclaims U.S.-Mexico industry deal and says talks with Canada will resume soon

President Donald Trump on Monday announced his management had reached a deal with Mexico on issues that experience held up renegotiation of the North American Free Trade Agreement for over a year.

This Louisiana CEO explains what Trump’s tariffs have performed to his production business

Jay Lapeyre saus he is hearing numerous longer-term worry from consumers, and the conveyor-belt business experienced a sudden slowdown in booked orders in June and July — from 18% enlargement to flat in comparison to the same months last year.

White House flag returns to full-staff after McCain’s death

The American flag atop the White House was flying at full-staff Monday, even as flags at the Capitol remained at half-staff following the death on Saturday of Sen. John McCain.

Factory slowdown is at the back of weaker Chicago Fed’s national financial index for July

A measure of the U.S. economic system from the Chicago Federal Reserve slowed in July from June’s robust performance, owed in large part to lighter output at the nation’s factories.

McCain presidential campaign aide recalls the late senator’s calm in apprehensive instances

In a tribute to Sen. John McCain penned ahead of the battle hero and longtime lawmaker’s death Saturday at 81, former campaign aide Mark McKinnon shared an inside take a look at McCain’s temperament beneath hearth.

Orrin Hatch thinks it’s amazing Donald Trump is as virtuous as he is (because: New York)

Utah’s Sen. Orrin Hatch, who has been more effusive than maximum congressional Republicans in his reward of Trump — calling Trump late last year a “heck of a pace-setter” with the potential to grow to be the most productive president “maybe ever” — conceded in a dialog with the New York Times that Trump was no paragon of piety or propriety. In the previous, a minimum of.

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Alessandra Malito is a non-public finance reporter based totally in New York. You can follow her on Twitter @malito_ali.

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