The Daily Money: Ode to Moms for Mother's Day and much more

Mother's Day is Sunday, so we're sharing what we know about moms. Also, don't miss Musk's Twitter CEO replacement and how homebuyers scored a win.

Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Fri May 12 2023 Medora Lee |  Money and Personal Finance reporter Hi, it's Medora wishing you a happy Fri-YAY, ahead of a special weekend that celebrates moms! Sunday is Mother's Day, so only a couple of more days to do or buy something special for her to show your appreciation. In honor of all those special women, I'm sharing something new I learned about moms, and I'm one of them! I recently interviewed Misty Heggeness, professor at University of Kansas who's establishing a database on the care economy to quantify the often underrecognized work of providing care for others. We got off topic, and I asked why she wanted this database? Here's what she said: During the pandemic, she kept hearing how women left the workforce and never fully returned because they had to take care of children at home . In a moment of frustration with a full house of her own and still working, she started scrutinizing data around women and work. What she discovered was a very different story. MOMS actually were among the first to return to work. It was 65+ women, single women and young women with fewer responsibilities who stayed out. "College aged women could go back to live with parents or group up in home and survive on less, 65+ and single prime-age women didn't have anyone dependent on them," Heggeness said. "But parents had people depending on them and were faced with the decision between go out and keep working in the community and support their kids or not work and not have money to feed them. Women's earnings aren't just discretionary anymore."  But what about childcare? "Let's face it, childcare's always an issue," she said. "It's always been super expensive with wait lines to get in pre-pandemic, and moms always historically figured out a way to get a thread together or quilted patchwork childcare coverage --- stay with neighbors, grandparents. No one is solving the problem for us, so moms get creative. Think of what happened during the pandemic when schools were closed - educational pods. Moms used their grassroots skills to solve a problem." Go Moms! Unfortunately, women still generally get shafted when it comes to pay and top jobs, housework and retirement savings. But I have faith, we'll eventually get there. I hear the new CEO of Twitter will be a woman. That's a step! 📰 More stories you shouldn't miss 📰 A homebuyer win: FHFA ends debt-to-income ratio mortgage fee. How homebuyers will benefit. Graduating into a job: Job market for college grads may be slowing, but these industries are still strong options Don't fall out of your seat: Peloton recalls 2.2 million 'original' exercise bikes after faulty seat post injuries Streaming heated seats?: Is BMW really charging for heated seats? Car buyers fear features on demand cost too much. 🍔 Today's Menu 🍔 Anti-oxygen?! No, antioxidants!: What are antioxidants? And how to make sure you get enough in your diet. 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. 1.1 million Tesla vehicles recalled in China over braking issues Defects on certain Tesla models may lead drivers to step on the accelerator for longer than necessary, increasing the risk of collisions. READ MORE Advertisement Is job market cooling for college grads? Not in these industries. The job market for college grads is cooling off but some industries are still hiring. While tech struggles, health care, education, retail are hiring READ MORE FHFA ends new mortgage fee: What it means for homebuyers Homebuyers win after Federal Housing Finance Agency cancels plans for an upfront mortgage fee based in debt-to-income ratios in August. Here's why. READ MORE Immigrants are powering growth in labor force, helping ease inflation Immigrants are behind most of the growth in the U.S. labor force the past few years. The trend has helped ease worker shortages and slow inflation. READ MORE New Twitter CEO may be NBCUniversal ad chief Linda Yaccarino Elon Musk says he has picked a new Twitter CEO. He did not name her but reports say it may be NBCUniversal's advertising chief Linda Yaccarino. READ MORE Best last-minute Mother's Day gifts, no shipping required From a Firstleaf wine subscription to a coffee subscription or all-access to MasterClass, these are the best last-minute​ no-ship gifts for mom. READ MORE Remain calm: Southwest pilots vote to strike, but probably won't Southwest Airlines pilots voted to authorize a strike, but it's still a remote possibility as contract negotiations with the airline continue. READ MORE Email overload? How to take control of your inbox A Microsoft report found many workers spend about two workdays each week in meetings and on email. READ MORE How to fix a stand mixer for under $1 If your stand mixer wobbles or doesn't properly incorporate all of the ingredients into the mix, here's how to fix it for under $1. READ MORE 7 inspiring mother-daughter trip ideas Whether your dream is a big city or a tropical resort, mother-daughter trips go best when both mom and daughter have a hand in planning (at any age). READ MORE Advertisement Sign up for the news you want Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? View in browser Unsubscribe  •   Manage Newsletters  •  Terms of Service  •   Privacy Policy/Your California Privacy Rights  •  Privacy Notice  •   Do Not Sell My Info/Cookie Policy  •  Feedback