Good morning! It’s Daniel de Visé with your Daily Money.
After seven years of work and more than $18 million invested, Harbor Village, a new affordable housing development in Carlisle, Pennsylvania, officially opened its doors in January. By the time the development started screening prospective tenants, there were over 400 applications.
The median apartment rent in Carlisle was $1,259 in May. It was one of the fastest-growing areas for rent prices that month, according to a USA TODAY analysis. The review of Apartment List data for 202 metro areas found that average monthly rent between January and May was significantly higher in 94% of them, compared with the same period in 2019.
Here’s the full story.
Why some US cities aren’t slowing down
Nashville and Phoenix landed high on a list of large U.S. cities expected to continue growing in 2025, even amid fears of a national recession.
Controversial tariffs, immigration policies and shrinking federal spending have created uncertainty and may slow growth, but the top-performing cities still are expected to continue to make gains, economist Gerald Cohen told the USA TODAY Network.
Cohen led a team of researchers who forecast the top midsize and large cities that are projected to continue growing.
Here’s what they found.
How working Americans could lose Medicaid coverage
A centerpiece of Donald Trump’s tax bill would make millions of Medicaid recipients work, volunteer or study to maintain their publicly-financed health insurance.
Republicans say the work requirement is vital to protect taxpayers while motivating nondisabled Medicaid recipients to take charge of their physical and fiscal health.
But health advocacy groups and analysts say most recipients already work in jobs that don’t provide affordable health insurance or pay enough for people to afford their own insurance. They say mandating a Medicaid work requirement − combined with more frequent eligibility checks − would create an administrative nightmare.
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.
