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Thursday, April 6, 2023

The Daily Money: Older workers fill positions once held by young adults and teens

Older workers are filling more retail positions as they look to make extra money and reengage with others. Also, home prices crept up by 0.16%.
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Apr 6 2023

 

Amritpal Kaur Sandhu-Longoria  Investigative Reporter, Consumer Watchdog

@AmritpalKSL

Hi, it's Amritpal Kaur Sandhu-Longoria with The Daily Money headlines. It's Thursday, which is what I call a pre-Friday. Let us rejoice.

Jobs that were once filled by teens and young adults, like cashiers and retail associates, are now being filled by older workers . While the money helps, some workers in their 30s and 40s turn to these positions for the flexible part-time hours, and to reengage with people now that pandemic restrictions have eased.

In retail, Baby Boomers ages 59 to 77 made up 23% of all shift hours last year, up from 20% in 2020, and Generation X workers ages 43 to 58 made 21% of working hours, up from 20%. It's a trend that is easing worker shortages, which have hit shops and restaurants hard.

Home prices increased in February

After nearly seven consecutive months of falling prices, home prices rose by 0.16% in February  in 39 of the 50 largest U.S. housing markets. The increase was fueled by a combination of lower inventory, high demand and declining mortgage rates.

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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.

Follow Amritpal on Twitter: @AmritpalKSL

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Honda is recalling a half-million vehicles in the U.S. and Canada, Wednesday, March 15, 2023, because the front seat belts may not latch properly. The recall covers some of the the automaker's top-selling models including the 2017 through 2020 CR-V, the 2018 and 2019 Accord, the 2018 through 2020 Odyssey and the 2019 Insight. Also included is the Acura RDX from the 2019 and 2020 model years.
 

Honda recalls over half a million CRVs in these 22 states, Washington, D.C.

Honda said 2007-2011 CRVs exposed to salted roads could have corroded rear frames. There are 22 states where vehicles could be affected.

WASHINGTON, DC - OCTOBER 07: A "Now Hiring" sign is displayed in front of a Chipotle restaurant on October 07, 2022 in Washington, DC. The Labor Department announced that in the month of September the U.S. added 263,000 jobs as the unemployment rate fell to 3.5% (Photo by Anna Moneymaker/Getty Images) ORG XMIT: 775884553 ORIG FILE ID: 1431462807
 

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