+44(0) 1234 567 890 info@domainname.com

Thursday 8 June 2023

The Daily Money: Teens to cash in on summer jobs; Uber introduces car sharing

11:24

Share it Please
Teens can expect higher paychecks with that summer jobs despite slowing economy. Uber Carshare comes to Boston and Toronto.

Advertisement

Read in browser
 

The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Jun 8 2023

 

Amritpal Kaur Sandhu-Longoria  Investigative Reporter, Consumer Watchdog

@AmritpalKSL

This is Amritpal Kaur Sandhu-Longoria with your Daily Money headlines for Thursday.

Looks like teens can make a bit more money with that summer job. Teens are expected to make up nearly one in five summer hires this year and the job market looks strong for this demographic, despite the overall economy slowing.

Teens' entry into the job market is primarily encouraged by higher pay, with the average national wage for 15- to 19-year-olds projected to reach $14.56 per hour this summer, up 9% from a year ago.

Restaurants, amusement parks, hotels, malls and other businesses that has faced pandemic worker shortages may benefit from teens seeking summer jobs.

Uber wants to rent out your car

Want to rent your neighbor's car? With Uber Carshare, you'll be able to do just that in Boston and Toronto in the coming months.

The ride-hailing firm first launched the initiative in Australia and allowed people to borrow vehicles from private car owners for a set amount of hours or days.

With the rental car shortage, peer-to-peer car sharing companies like Turo and Getaround saw a boost in 2021. Uber's Carshare pricing will vary based on location, time, vehicle and age.

đź“° More stories you shouldn't miss đź“°

🍔 Today's Menu đźŤ”

Taco Bell is testing out vegan crunch wraps in New York City, Orlando and Los Angeles.
Popeyes Louisiana Kitchen is giving the Blackened Chicken Sandwich a permanent spot on its menu.

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.

You've saved and saved during your working years, and now it's time to retire. Among the many decisions you have to make as you enter retirement is where to spend your golden years. While you may want to stay close to your family and friends, you might also want a place with affordable housing, a reasonable cost of living, and a low tax base so your retirement income goes further. Safety and access to health care are also big factors.   To help you make the decision, 24/7 Wall St. reviewed the  best and worst states for retirement 2022  from financial services company and personal finance website Bankrate. Bankrate analyzed multiple data points and assigned a weight to each category: Affordability (40%), well-being (20%), culture and diversity (15%), weather (15%) and crime (10%.  States are ranked worst to best using Bankrate's overall score. For context, we included the 65 and over population and total population for each state, using five-year data from the U.S. Census Bureau's 2020 American Community Survey.  Each state has pluses and minuses. The state with the most allure for retirees is, not surprisingly, Florida.   The Sunshine State scored highest for its year-round sunshine, diversity, and concentration of other older adults. However, that's tempered somewhat by the state's propensity to be hit by hurricanes. Housing prices in the state, as Bankrate notes, have risen, but that cost is offset a bit by lower taxes. No. 2 Georgia boasts similar advantages for retirees. ( Are these states indeed where retirees are moving ?)  A bit of surprise is how well several Midwest states did in the comparison. No. 3, Michigan, ranked first in affordability and scored high marks in low taxes and cost of living as well as health care. Affordability pushed Ohio to fourth place. Also affordable is No. 5 Missouri,   where you can enjoy a moderate climate. However, The Show Me State received a low score for crime.  The worst place to retire? According to Bankrate, Alaska received low grades for affordability and, of course, its cold weather. But if you move to Alaska, you'll pay the nation's lowest taxes. ( Before you retire, consider these eight things about your 401(k) .)

Many Americans retire early though you need to wait until age 62 to receive Social Security retirement benefits. Here's how to save for an early exit.

Advertisement

This year's tax filing season will begin on Jan. 24, 17 days earlier than last year, the Internal Revenue Service announced.
 

It's tax time again for some! Quarterly estimated tax is due June 15.

For some, tax season feels like a yearlong event because they pay estimated taxes every quarter. The next payment is due June 15 or face penalties.

The exterior of an LA apartment home for sale for $250,000. The Alhambra home is under a bridge.
 

Home under an LA bridge is among cheapest to buy in city

This Alhambra apartment under a bridge is one of the 10 Los Angeles County properties under $250,000.

The new limited-edition "Start Me Up" K-Iced coffee maker  ($139.99) has the trademarked red lips logo with a coffee-tented tongue on one side, and "Start Me Up" on the other. It comes with a dozen coffee pods and a matching Rolling Stones tumbler for iced drinks.
 

Rolling Stones, Keurig team up on 'Start Me Up' iced coffee maker

The newest form of Rolling Stones merchandise is the 'Start Me Up' iced coffee maker from Keurig. Only 400 of the $139.99 machines are available.

SAN RAFAEL, CALIFORNIA - APRIL 12: Customers shop for eggs at a Sprouts grocery store on April 12, 2023 in San Rafael, California. According to a report by the Bureau of Labor Statistics, inflation in March slowed to its lowest rate in nearly two years with prices rising 5 percent, down from 6 percent in February.
 

Egg prices are dropping. Here's why.

A drop in demand and increased supply is sending egg prices down.

The Cashé bottle is crafted to reflect the elegant style and grace of a classic parfum. The top features a gold-cut cap crowned with the Instacart carrot and the shining emerald weighted glass base maintains a squared and sharp outline exuding timeless luxury. Complementary to the bottle, the outer packaging features a gilded emerald box with a plush velvet interior.
 

Instacart giving away free fragrance Tuesday: How to get one

Instacart is giving away 1,000 bottles of its own fragrance Cashé on Tuesday. Meanwhile, its app got smarter with ChatGPT artificial intelligence.

This combination of file photos shows the logo of Kia Motors, top and Hyundai logo, bottom.   Hyundai and Kia are recalling more than 550,000 cars and minivans in the U.S., Thursday, Sept. 30, 2021,  because the turn signals can flash in the opposite direction of what the driver intended. The recall covers Hyundai's Sonata midsize car from the 2015 through 2015 model years, and Sonata gas-electric hybrids from 2016 and 2017. Kia's Sedona minivan from   2015 through 2017 also is affected.
 

NYC files suit against Kia, Hyundai claiming cars too easy to steal

According to the lawsuit, some models sold by the automakers came without engine immobilizers preventing the engine from starting without a key.

The 2022 Inflation Reduction Act will offer some positive changes for certain Medicare beneficiaries regarding prescription medications and vaccines.
 

'Tantamount to extortion': Merck sues over Medicare drug price powers

Merck said the price negotiations are a 'sham' that compel drugmakers to accept lower prices, according to a lawsuit.

Grilled chicken and mango salad at Tommy Bahama Restaurant & Bar is a top 5 menu mainstay since opening decades ago.
 
For subscribers

Tommy Bahama marks 30 years with idea that began on Bonita Beach

Beach baby: How a SWFL vacation led to the birth of Tommy Bahama, who turns 30. Naples is ground zero for its 21 restaurants, a $100 million business.

Macy's CEO Jeff Gennette
 

Why there are so few LGBTQ executives in corporate America

Nine years after Apple's Tim Cook became the first publicly gay Fortune 500 CEO, there are still very few openly LGBTQ leaders in corporate America.

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 

Newsletters   |    eNewspaper   |   Crosswords

Follow Us

Problem viewing email? View in browser

0 comments:

Post a Comment