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Thursday, September 23, 2021

🏠 The Daily Money: Should we worry about a housing crash?

In today's Daily Money newsletter, we have insights on Volvo ditching leather, the housing market, a class-action chicken lawsuit and Ram pickups. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Thursday, September 23

Good morning, Daily Money crew, it's Nathan here to help get you started today!

With Volvo announcing that it's ditching leather, I started looking into the concept of vegan cars.

It turns out, a vegan interior is doable, but an entirely vegan car is not currently realistic. Check out my story on Volvo turning to vegan leather and the auto industry's approach to animal products.

πŸ’° The Daily Money is USA TODAY's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here!

On to our ... 

πŸ’‘ INSIGHT OF THE DAY: The housing market has been red-hot of late. Should we be worried about a crash? The short answer: Probably not, according to experts interviewed by our Swapna Venugopal Ramaswamy. But don't expect recent the recent boom in prices to maintain that feverish pace.

πŸ“° And here are more stories you won't want to miss:

1. Bought chicken in the last decade? You might qualify for a class-action lawsuit. Here's how to know.

2. The chip shortage is causing a lot of wreckage in the auto industry: This estimate puts it at $210 billion.

3. The recent stock market volatility is making for a squeamish ride for 401(k) savers. But experts say don't fret.

4. Ram is debuting three pickups at the State Fair of Texas. Among them is the $92,000 2022 Ram 1500 TRX Ignition Edition.

Let's just say the Ram 1500 TRX Ignition Edition is NOT a vegan car.

--@NathanBomey 

Hawaii: Hickam Housing     • Poverty rate:  1.8% (Hawaii: 9.4%)     • Number of people living below poverty line:  160 (Hawaii: 130,649)     • Households receiving SNAP benefits:  0.9% (Hawaii: 10.8%)     • Median household income:  $76,684 (Hawaii: $81,275)
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