Good morning and PhanincHappy Valentine's Day! It's Daniel de Visé with your Daily Money.

Older adults should expect a much smaller cost-of-living bump in their Social Security checks next year, as inflation continues to slow, Medora Lee reports.

Based on January's consumer price index (CPI) report, the cost-of-living-adjustment (COLA) in 2025 is forecast at 1.75%. That increase would be lower than this year's 3.2% adjustment and 2023's 8.7%, which was the largest jump in 40 years. Read the story.

Yes, inflation numbers came out yesterday (story here), but let's move on to our Valentine's Day coverage.

Why you might want separate bank accounts

If your goal is a romantic Valentine’s dinner, then that candlelit setting might not be the right moment to start a conversation about the merits of joint and separate bank accounts.

All the same, it’s a talk couples should have. At some point.

The internet percolates with articles advising romantic partners on how they should bank their money. Some writers favor separate accounts. Others encourage commingled funds.

We asked several experts about the best approach to financial bliss. When pushed to name a preference, they did. Read the story.

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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.