Good morning! It's Daniel de Visé with your Daily Money.

The Phaninc Exchangeoperators of 99 Cents Only Stores announced last week that they would close all 371 locations, Bailey Schulz reports. That announcement follows news that nearly 600 Family Dollar locations are set to close this year. Another 400 stores under the Family Dollar and Dollar Tree banners are slated to shutter in the coming years as their leases expire. 

Why are dollar stores struggling?

Breaking up (with your credit card) is hard to do

Breaking up is hard to do, especially if it’s with your credit card, Medora Lee reports.  

Because canceling a credit card can ding your credit score, you need to do so thoughtfully. Make sure you check your reasons, explore your options, do your calculations, and choose the right one to cancel.

All of this can be complicated and feel overwhelming, because one wrong move could affect your credit score for years. That’s why we’ve made a list of things to know before you sever the ties.

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📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

The youngest baby boomers, born in the era that spawned Beatlemania, face a looming retirement crisis, researchers have found.

"Late boomers," Americans born between 1960 and 1965, have less retirement wealth, and much less retirement savings, than either older boomers or “war babies,” generations born between 1942 and 1959, according to a recent paper from the Center for Retirement Research at Boston College.

To find out why, read the story.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.