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Monday 11 March 2024

Telecommutes get longer

07:05

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A fresh wave of suburbanization ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon Mar 11 2024

 

Daniel de Visé Personal Finance Reporter

Sheesh, is it 9 o'clock already?

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

Remember suburbanization, the movement that drove previous generations of workers away from cities? It seems to happening again.

Remote workers are living ever further from the office, according to a new report from researchers at Stanford University and human resources company Gusto. The mean distance from employee residence to employer location rose from 10 to 27 miles between 2019 and 2023.

Want to know which generation is driving the trend? Read the story.

When is the Fed gonna cut interest rates already?

If you're expecting a reprieve after January's disappointing inflation report, well….don't. The February consumer price index is projected to show another monthly leap in prices that keeps inflation elevated and the Federal Reserve wary about cutting interest rates in the near term, Paul Davidson reports.

When will inflation finally ebb? When will the Fed finally slash rates? Read the story.

📰 More stories you shouldn't miss 📰

Our credit card debt threatens to swamp our savings
How to get the maximum Social Security benefit
Can you still get a car for under $30K?
What's the most common mental illness?

🍔 Today's Menu 🍔

Q: How much is too much for a fast-food meal?

A: $24.10.

Social media grilled Five Guys over a viral post that showed a $24.10 receipt for a fairly straightforward meal from the burger chain: bacon cheeseburger, soda and small fries.

Twelve dollars for a counter-service burger does seem like a lot. Then again, we're pretty sure the peanuts are still free.

To fully tap the ketchup-rich vein of consumer outrage, read the story.

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.

Sam Gbafa stays busy working remotely for a startup at the Reno Collective in Reno, Nevada on March 10, 2022. A February 2024 study found that workers are living further from their employers.

A report from Stanford University and a human resources company found that workers are living further from their employers. The number

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Inflation eased in July, rising 8.5% compared to the same month last year, based on the Bureau of Labor Statistics' July consumer price index report. That was slightly less than the CPI increase in June of 9.1%. The details told the story. While the gas index fell 7.7% compared to June, it was still up 44% compared to July last year. Meanwhile, the cost of food continued to jump.    While Americans face a cost of living challenge   unlike anything in decades, the prices of several household items declined, a rarity in such a widely inflationary environment. The drop was particularly pronounced among consumer electronics. The price of smartphones plunged 20% year over year. Although there is no ready answer as to why, there has been a price war among the three largest wireless companies -- Verizon, AT&T, T-Mobile -- to gain market share. The price of televisions fell almost 15%.    Unfortunately, very few items declined in price in July, with many regularly used items soaring in price. Fuel prices overall were up year over year, in some cases by double digits, despite the June easing. And the price of common foods   like eggs also spiked. (   Fight inflation, don't buy these 9 items   .)    There continues to be a battle over how inflation can best be brought under control before it causes a full blown recession. A recession may have already started as both first quarter and second quarter GDP fell. The Federal Reserve continues to raise rates at a pace not seen since before The Great Recession.     Critics who said the Fed began hiking rates too late and at first too slowly, now warn of a recession as a result of the recent aggressive Fed moves. Inflation, they claim, is already baked into the economy because of low unemployment and difficult supply chain problems. (Russia's war in Ukraine and   pandemic supply constraints are creating price pressures worldwide. Here are    products with skyrocketing prices around the world   .)    It is a very good bet that the number of items that will drop in price every month in the near term will be few and far between.     To determine the household items that are dropping in price, 24/7 Wall St. reviewed the BLS' Consumer Price Index Summary July report. Prices are compared to July 2021.
 

Did inflation cool off in February? Price data tops economy news this week

CPI inflation report this week tops economic news that also includes retail sales, consumer sentiment. Price data could determine when Fed cuts rates

Tomah, WI—Christie Carlson, 34, goes shopping at the Wal-Mart. Carlson, 34, who says that as living costs—including gas, groceries — rise, she's been forced to use her credit cards to make ends meet.
 

Our credit card debt threatens to swamp our savings. Here's what to do

Card balances are rising apace with interest rates: The higher the rate, the more you must pay to bring the balance down.

Person with a dismayed expression looking at a laptop screen.
 

3 things stopping you from being able to max out Social Security

The maximum Social Security benefit is out of reach for all but a few workers because you have to earn so much and work so long in order to get it.

Costco recently began selling $680 tubes of Canadian silver coins and the warehouse retailer is sold out online. The price of silver is up 2% in 2024.
 

Costco is now selling silver coins for $680 and they are selling out

Costco recently began selling $680 tubes of Canadian silver coins and the warehouse retailer is sold out online. The price of silver is up 2% in 2024.

42. Five Guys Burgers and Fries     • Menu category:  Burgers     • Total U.S. sales (2021):  $1.5 billion     • Change over total U.S. sales (2020):  -4.00%
 

Are Five Guys prices 'out of control'? Some customers think so.

Social media users are debating the cost of food from Five Guys after one user posted a receipt totaling $24.10 for one meal.

Home covered in grass at 5312 S Stone Road. The compound in South Range, Wisconsin was built by families preparing for Y2K.
 

Survivalist compound in Wisconsin for sale at $1 million

A triplex on 80 acres in Wisconsin is for sale for $1.1 million. The people who built it were prepping for Y2K.

  Small to midsize businesses are just as big a target for cybercriminals as larger companies are.
 

Security tips to keep all your device safe from cybercriminals.

Seems like hackers are lurking around every corner. Kim Komando has tips to keep your devices safe, secure and away from cybercriminals.

A Boeing 737 MAX 8 for United Airlines parked at Renton Municipal Airport adjacent to Boeing's factory in Renton, Washington, on Jan. 25, 2024.
 

'Huge pop': United plane tilts, rolls onto grass during landing

A United plane landing in Houston rolled onto the grass and passengers had to evacuate with the emergency stairs on Friday.

Park rangers use solar lenses to safely watch 2023's annular eclipse at San Antonio Missions National Historical Park in Texas.
 

These are the best parks for viewing the total solar eclipse and more

Travelers will be able to see the total solar eclipse from 27 National Park Service units, but there are many more parks with stunning skies all year.

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