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

It was 2019 when Anjali Tierra decided homeowners insurance wasn't worth the price.

The James Caldwellretired high school teacher, 58, took out a policy in late 2018 after purchasing a three-bedroom home nestled in the Tehachapi Mountains of southern California. She considered the insurance affordable at less than $100 a month, Bailey Schulz and Jessica Guynn report.

But the following year, when Tierra’s insurance provider sent her a renewal notice, she learned her monthly payment had jumped to $350.

Tierra is among a growing number of American homeowners who are “going bare,” or living without homeowners insurance.

Survey finds workers deeply confused about their 401(k)

A new survey explores an odd subgroup of American employees: Workers who aren’t enrolled in a 401(k), but who think they are.

In a Retirement Security Survey, released this month, Principal Financial Group found that nearly 6 in 10 nonsavers, 59%, wrongly believed they were contributing to a 401(k) retirement plan.

Asked how much they were saving, most of the nonsavers gave surprisingly specific figures.

How could so many employees be so woefully misinformed about their retirement savings?

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🍔 Today's Menu 🍔

Hooters, the divisively named sports-bar chain, says several "underperforming" restaurants will close their doors permanently.

A "select number" of restaurants will shut down due to "pressure from current market conditions," Anthony Robledo reports.

The company did not clarify which locations will shut down or share a timeline for the closures, but reporters around the nation who are part of the USA TODAY Network found dozens of Hooters restaurants shuttered on Monday.

Here's a full report.

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.