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Tuesday 28 May 2024

Americans bailing on big cities

06:09

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Also: High-wage remote jobs fading ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue May 28 2024

 

Daniel de Visé Personal Finance Reporter

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

Last week, while reporting a story on errors in credit reports, I went online and read my own. Turns out the credit agencies have (at least) eight versions of my name. Here's what else I found. (And see the companion story in the bullet points below.)

It was a busy weekend. Here are two other stories you may have missed.

Why Americans keep leaving big cities

In 2022, places like Manhattan and Atlanta, which had become ghost towns during the pandemic, began seeing more people moving back, raising hopes for a resurgence of the nations' largest cities.

But the latest U.S. Census Bureau figures show the revival was short-lived, Paul Davidson reports. Americans have continued to flee large metro areas in massive numbers as remote work becomes entrenched.

Which big cities are the biggest losers?

High-wage remote jobs fade

Higher pay requires higher commitment, Medora Lee reports, and that includes showing up at the office every day.

After looking at more than a half-million jobs posted over the past year, Ladders found remote and hybrid jobs paying at least $250,000 annually plummeted by 95% and 60%, respectively. Only about 4% of these quarter-million-dollar jobs are fully remote, down from 10% a year ago.

Return-to-office is a rude awakening for millions of Americans who were forced to go remote or hybrid during the pandemic and discovered the benefits of work-from-home status. 

📰 More stories you shouldn't miss 📰

Is your credit report accurate?
Who's getting student loan relief?
An easy trick to earn exponential wealth
How to be a Roth millionaire
These Memorial Day deals are still around

🍔 Today's Menu 🍔

Across the nation, inflation has taken a bite out of the fast-food experience. The Bureau of Labor Statistics reports that prices in "limited-service restaurants" have increased by 47% since 2014.

A team of brave USA TODAY reporters surveyed combo meal prices from across the country for five major hamburger chains.

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.

Skyline of New York City at sunset

Remote work lets Americans continue to flee large cities for smaller towns even after the pandemic. That means faster home price growth in small towns

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Taylor Busser, left, talks with co-worker John Wotczak, both with General Mills, while showing the General Mills partnership with Girl Scouts cookies, during The Sweet & Snacks Expo, Tuesday, May 14, 2024 at the Indiana Convention Center. They displayed the Muddy Buddies Girl Scouts Thin Mints snack.
 

Want to earn $250,000 a year? Be prepared to commute to the office.

Not long ago, people said remote and hybrid work were here to stay, New data show it may already be fading, starting from the highest paid jobs.

Credit reports are critical to lenders, and even employers use them as well.
 

What I found when reviewed my credit report: 8 versions of my own name

The author set out to review his credit reports. Not all went as planned.

Tammy Chambers of Tacoma, Washington, found some big errors in her credit report.
 

Guess how many Americans have errors on their credit reports

Nearly half of all credit reports may contain errors, some of them costly to your credit score, according to a new watchdog report.

A car goes through the drive-thru at a McDonald's restaurant on April 3, 2023 in San Pablo, California.
 

Big Mac, big bill. How inflation has eaten into fast food experience

Here's how much prices for cheese burgers and signature meals at five fast-food restaurants increased between 2014 and 2024 amid inflation.

More student loan borrowers should see some payment relief in the coming months.
 

Student loan updates: $7.7B in relief, cuts to monthly payments coming

The Biden administration announced multiple new student loan forgiveness initiatives that will trim billions in student debt for some borrowers.

Roth road sign.
 

These 3 tips will make you a Roth IRA millionaire by retirement

Imagine what you could do with $1 million of tax-free money available to you in your retirement. These 3 tips will get you there.

Starting in 2023, people with Medicare Part B may be able to save money on their premiums, as well as their annual deductible.
 

Building your retirement savings? An easy trick to earn exponential wealth

Leverage the power of compounding interest and returns to build your nest egg.

Tesla CEO Elon Musk and his security detail depart the company's local office in January 2023 in Washington.
 

Elon Musk's xAI worth $24 billion after latest funding

Musk said funding will be used to take xAI's first products to market.

Making a career change may be easier than you think.
 

How do I approach a potential new degree and career change? Ask HR

Transitioning to a new field can be exciting and challenging. Here are key steps to consider when deciding if you should invest in a new degree.

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