Are you rich based on your net worth? (9 26 24)

Author

Anthony Hazzard
September 26, 2024

The survey of the most and least-liked industries is out! Find out what fellow Americans thought later in this email. 

💵 Today’s Top Stories
Save money piggy bank

A recent Charles Schwab survey determined a net worth benchmark that you need to be considered wealthy. Also, here’s how much you need to live “comfortably.” Read more.

Car

Paying cash for a vehicle? Conventional wisdom says don’t tell the salesperson at the dealership. But what do you do if they ask? Read more.

Insurance

If your plane tickets and hotel reservations fit into this category, buying “cancel for any reason” travel insurance becomes redundant. Read more.

Cell phone in hand

Years of inflation hurting on your monthly budget? Consider these money-saving cell phone plans. We researched more than 70 phone plans before selecting these top picks. Read more.

🧺 Grocery Stores Fade in American Survey of Most, Least-Liked Industries

Gallup released its annual Work and Education survey earlier this month. The poll asks Americans to categorize their feelings about 25 different industries (very positive, somewhat positive, neutral, somewhat negative or very negative).

Restaurants (-9%) and grocery stores (-8%) are the two major U.S. industries that Americans rated as significantly worse vs. 2023. Sports (+11%) was by far the biggest gainer.

Just 33% thought of groceries in a very positive or somewhat positive way in 2024. Sherwood pointed out a few potential reasons, including food prices near all-time highs and a recent outbreak of recalls related to bacterial outbreaks.

Out of the 25 industries that Americans rated, farming and agriculture was the most popular. Nearly two-thirds of Americans felt very positive or somewhat positive about farming.

Pharmaceuticals and advertising/public relations were the least-liked industries.

📊 Stat of the Day

🏦 68%: The rough percentage of people who unintentionally keep their assets in cash after completing a 401(k) to IRA rollover. About 48% of people that Vanguard surveyed “(incorrectly) believed their rollover was automatically invested,” CNBC reported.

💰️ Deal Alert: Today’s Top Deals
🎙️ Podcast

AAA examines the true cost of owning a new vehicle every year, and the number has crossed a major threshold. Clark reveals the monthly cost of owning a new car. He also shares which types of vehicles cost the most - and the least - to own. Also, a new chart shows how much we spend on healthcare vs. our life expectancy in America. The data is shocking! Clark offers his insights on the issues in our healthcare system.

☎️ Need Money Help?

The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.

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