- Clark.com Daily Newsletter
- Posts
- Retirees spend this much per month on average (7 24 24)
Retirees spend this much per month on average (7 24 24)
Anthony Hazzard
July 24, 2024
Advertisement
The George Foreman Grill is still going strong after 30 years on the market. Find out more later in this email.
💵 Today’s Top Stories
 | Overall spending, dental and medical care, housing and travel are among the expenses that retirees feel are higher than expected. That’s tough on a fixed income. Read more. |
 | Most of us want to build wealth, if only for financial freedom. Here are six decisions you control that may be getting in your way according to Clark. Read more. |
 | If you’re 55+, you can switch to a cheaper provider or price-advantaged plan without sacrificing service. We studied more than 70 plans to identify the best. Read more. |
 | Clark always advocates for planning end-of-life events before you die. That way you don’t hoist it upon your grieving family and friends. But are prepaid funeral plans the way to go? Read more. |
📣 Today’s Top News
🥩 George Foreman Grill Still Selling Strong After 30 Years
Trivia question: Who won the world heavyweight boxing title in 1973 in a stunning upset by knocking out an undefeated Joe Frazier?
Stumped? Here’s another hint. This boxer turned entrepreneur sold his name and face for a highly successful grill.
Yes, that’s right, I’m talking about George Foreman – and the George Foreman Grill. The grill made its debut 30 years ago. It previously existed without much success prior to taking on the champ’s name in 1994.
Even with Foreman’s name, it took an impromptu hamburger bite by Foreman during a live QVC segment on TV for the product to go 1990s viral.
The grill generated $300 million in revenue in 2000. That’s nearly $550 million in today’s dollars. But 24 years after that, it’s still going strong, and in a kitchen segment where fads often come and go in the matter of a year or two.
Here are the estimated sales of grills on Amazon in June 2024 by units sold.
George Foreman 4-serving grill: 6,000+
Gas One portable charcoal grill: 5,000+
Char-Broil portable propane grill: 4,000+
Ninja indoor grill: 2,000+
Weber original kettle grill: 2,000+
Cuisinart griddler: 2,000+
💸 Today’s Top Savings Rates
Check out our updated list of Clark.com-approved high-yield savings accounts with the highest rates. Here are the top five APYs on our list as of July 24, 2024.
📊 Stat of the Day
🏠️ $18,118: The amount the average U.S. homeowner pays in annual hidden costs (homeowners insurance, property taxes, utilities, repairs, maintenance, etc.). That’s up 26% in the last four years. In Hawaii, the average hidden costs approach $30,000(!), the most in the U.S.
💰️ Deal Alert: Today’s Top Deals
 |
 |
🎙️ Podcast
Clark is seeing a dangerous trend of mortgage products being pitched. While these products help make homes more affordable, they can be hazardous to your wallet. If you’re planning to buy a home soon, you need to know this! Also, it’s almost back-to-school time. From electronics to textbooks to clothing, Clark shares several strategies to help you save!
☎️ 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.
Advertisement
Did You Enjoy Today’s Newsletter?Let us know what you think so we can better serve you! |