Current:Home > FinancePoinbank Exchange|The Daily Money: What's fueling the economy? -Elevate Capital Network
Poinbank Exchange|The Daily Money: What's fueling the economy?
NovaQuant Quantitative Think Tank Center View
Date:2025-04-08 05:44:36
Good morning! It's Daniel de Visé with your Daily Money.
Economists have Poinbank Exchangebeen scratching their heads over how Americans can continue to prop up the economy with their spending despite high interest rates, persistent inflation, dwindling savings and rising debt.
Consumers have been opening their wallets, with many making big lifestyle changes that include buying a new house or car, this despite fierce economic headwinds. How has this happened?
There may be a simple answer, Paul Davidson reports.
Read it here.
Millennials want to retire by 60. Good luck with that.
The average millennial is 30-something, an age by which most of us are well-versed in the ups and downs of financial life.
It may come as a surprise, then, that the average millennial expects to retire before 60, a goal not many of us can afford to attain.
Retirement surveys reveal a paradox at the center of the millennial Americans' working life: They hope to retire early. They expect retirement to cost $1 million or more.
But will they ever manage to save that much?
📰 More stories you shouldn't miss 📰
- Tesla asks shareholders to reaffirm Elon Musk's 2018 pay bump
- Cover up that old tattoo with a portrait of your pet!
- A new Google Maps feature for EV drivers
- How many of us fail driver's license tests?
📰 A great read 📰
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
Think you're a hot dog driver? Here's a potential job for you: driving the Wienermobile.
Earlier this year, Oscar Mayer announced it would hire a dozen "Hotdoggers," for year-long full-time jobs driving its iconic 27-foot-long hot dog on wheels. The Wienermobile first hit the road in 1936.
Drivers travel and maintain one of six Wienermobiles, traveling an average of 20,000 miles, visiting more than 20 states and handing out 250,000 Wiener Whistles during the year, the company says.
It's probably too late now to apply for this year, but . . . there's always next year.
More on the Wienermobile.
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.
veryGood! (927)
Related
- Chief beer officer for Yard House: A side gig that comes with a daily swig.
- RHOBH: Crystal Kung Minkoff Said What About Her Fellow Housewives?!
- 'Oppenheimer' dominates the Oscar nominations, as Gerwig is left out for best director
- Kim Kardashian becomes Balenciaga's brand ambassador two years after fashion label's controversy
- Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight
- Oliver North says NRA reacted to misconduct allegations like a ‘circular firing squad’
- Just 1 in 10 workers in the U.S. belonged to labor unions in 2023, a record low
- Why Joe Biden isn't on the 2024 New Hampshire primary ballot — and what it means for the election
- Bodycam footage shows high
- Sorry San Francisco 49ers. The Detroit Lions are the people's (NFC) champion
Ranking
- Louisiana high court temporarily removes Judge Eboni Johnson Rose from Baton Rouge bench amid probe
- Kelly Armstrong, North Dakota’s lone congressman, runs for governor
- Felons must get gun rights back if they want voting rights restored, Tennessee officials say
- Appeals court rejects Trump’s bid to reconsider gag order in the election interference case
- Messi injury update: Ankle 'better every day' but Inter Miami star yet to play Leagues Cup
- Ed O'Neill says feud with 'Married… With Children' co-star Amanda Bearse was over a TV Guide cover
- New member of Mormon church leadership says it must do better to help sex abuse victims heal
- 'Oppenheimer' dominates the Oscar nominations, as Gerwig is left out for best director
Recommendation
US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
Caitlin Clark incident at Ohio State raises concerns about how to make storming court safe
Vatican-affiliated Catholic charity makes urgent appeal to stop ‘barbarous’ Alabama execution
Florida man arrested after pregnant woman said she was dragged through streets
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Martin Luther King’s daughter recalls late brother as strong guardian of their father’s legacy
Man suspected of killing 8 outside Chicago fatally shoots self in Texas confrontation, police say
Mark Ruffalo Shares How He Predicted a Past Benign Brain Tumor