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The United States is home to some of the most congested cities in the world, but there are some places around the country where residents have a smooth daily commute. The average commute time was calculated using the 2022 American Census Survey and the traffic was calculated using Lyft data from August 2023 to August 2024. The report found that 25% of the commuters surveyed said that time was the most important factor in having a great commute. "If you are going back to the office, you know that the commute is not what it once was. Though dealing with congestion might seem bad, Bob Pischue, a transportation analyst at INRIX, says it's a sign of a good economy.
Persons: it's, Jill Gonzalez, Bob Pischue Organizations: Survey, CNBC Locations: States, United States, U.S, INRIX
Personal finance company Wallethub ranked the best places to rent in the US in 2023. It weighed factors like rents, job opportunities, and quality of life in more than 180 markets. A new report from Wallethub identifies where renters can get the maximum bang for their buck this year. "We looked at two things here: rental market affordability and quality of life. So when you're actually looking at rental affordability, that is calculated not only by sheer rent, but then dividing that by median annual household income.
Persons: Jill Gonzalez, Gonzalez Organizations: Wallethub, Service, Census Bureau, Cities aren't, San Francisco Locations: California, Arizona, Kansas, Wall, Silicon, Golden City, Francisco, There's
In 2022, inflation hit a 40-year high. Cities in Florida, for example, top WalletHub's recent list of cities where inflation is rising the most. 1, while Tampa, Florida, ranks fourth on the list. However, New York has a higher baseline cost of living and, consequently, inflation has less room to grow, Gonzalez explains. Here are the inflation increases in 10 major cities, ranked by a weighted average of year-over-year and two-month changes in CPI:
Persons: Jill Gonzalez, Gonzalez Organizations: U.S, U.S . Bureau of Labor Statistics, CNBC Locations: Florida, Miami, Tampa , Florida, Tampa, New York City, , New York
New York City is undoubtedly a popular destination for recent college graduates as they transition into the professional world. A bustling city home to exciting restaurants and a diverse array of people, NYC offers postgrads an exciting new home. Yet, the city ranks last on the list of best places to start a career in 2023, according to a recent study from WalletHub analyzing the best and worst places for young professionals to launch their careers. New York is not the only city with a saturated job market and an expensive cost of living, though. For recent college graduates and young professionals, here are the top five worst places to start a career in 2023, according to WalletHub.
Persons: Jill Gonzalez, Gonzalez Organizations: CNBC Locations: York City, York, , New York, New York
For recent college graduates and young professionals, deciding where to move to start your career can be daunting. With many factors to consider — from job market saturation to housing affordability to public transportation accessibility — selecting a postgraduate city is an important first step. That's according to WalletHub's recent report on 2023's best and worst places to start a career, which compares the relative market strength and livability of 182 U.S. cities to help young professionals, including the Class of 2023, find the best places to launch their careers. A high cost of living, long commutes or the lack of housing affordability are all things you want to avoid when you're just starting your career," Gonzalez continues. For millennials and members of Gen Z entering the workforce, here are the 10 best places to start a career in 2023.
Persons: Jill Gonzalez, Gonzalez, Gen Z Organizations: Washington D.C, CNBC Locations: New York City, Washington, Los Angeles, Cities, Atlanta, Orlando , Florida, U.S
Currently, the average household's credit card balance is $9,990, just $2,015 shy of where that tab hits its limit, the report found. High inflation is certainly contributing to Americans' high credit card balances, along with record-high interest rates, according to Ted Rossman, senior industry analyst at Bankrate. "We're seeing more people carrying credit card debt, too, often to finance day-to-day essentials." More than one-third also now have more credit card debt than emergency savings, which is the highest on record. "It's never too late to turn things around," Rossman said.
The personal finance website WalletHub released its list of the worst airlines in the US on April 19. Nicolas Economou/NurPhoto/Getty ImagesWalletHub analyzed 2022 flight data from the US Department of Transportation to come up with its ranking. The nine national airlines were selected based on the highest passenger revenue, Gonzalez said. The last category was safety for 30 points, which factored in the number of fatal injuries in aviation accidents, the number of injuries in aviation accidents, and the number of aviation accidents — the data is measured from 2017 to 2022. Take a look at how these US airlines rank, from the lowest to highest scores.
Despite recent mass tech layoffs , STEM careers have remained in high demand — and some cities are better than others for professionals in the field. Seattle, WATotal Score: 70.82Professional opportunities ranking: 1Quality of life ranking: 222. Austin, TXTotal Score: 67.33Professional opportunities ranking: 2Quality of life ranking: 103. Sacramento, CATotal Score: 60.16Professional opportunities ranking: 38Quality of life ranking: 32According to Jill Gonzalez, a WalletHub analyst, most of these cities have consistently remained the best places for STEM careers for almost a decade. The recent layoffs have only affected a small part of the total labor force and the STEM field encompasses more areas than just tech.
How to cure a holiday debt hangover
  + stars: | 2023-01-24 | by ( Chris Taylor | ) www.reuters.com   time to read: +5 min
Some call it the “holiday debt hangover,” and this year seems much worse than most. Some other worrisome findings: A quarter of people say they already regret their holiday purchases. “When people go into holiday credit-card debt, it’s not like the expenses stop there,” said Tori Dunlap, author of the new book “Financial Feminist” and founder of the site HerFirst100K.com. Think about shifting that debt over to a card where you will pay 0% for an introductory period. To figure out why you are going into holiday debt, you may have to do that hard emotional work, Dunlap said.
With less than 90 days until the winter gift giving season, some holiday shoppers are getting started sooner rather than later. Half of winter holiday shoppers plan to begin making purchases before Halloween this year, according to a September Bankrate survey. Although about 12% of shoppers plan to wait until December to do their holiday shopping, getting a head-start can provide added time to plan and find the best deals. "Holiday shopping will look different this year with inflation around 40-year highs," Ted Rossman, senior industry analyst for Bankrate.com, says. Even before you begin to spend money, simply starting your shopping plan early can help your budget go farther.
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