The Money Section | Americans think they are worth $240 an hour

Also, Disney+ is profitable for the first time. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     [Fort Worth Star-Telegram](~/AAQRxQA~/RgRoHm3EP0QeaHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vVwNzcGNCCmYzxOg7ZtGOV7tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) ͏ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ May 8, 2024 • Issue #84 [The Money Section] This week, we’re looking at a recent study that found Americans vastly overestimate the value of their time, Disney+ and Hulu’s combined profitability, four straight weeks of Tesla layoffs, and Gen Z’s credit card debt problem. DoorDash and Uber Eats fight back against fake couriers [Uber Eats and DoorDash](~/AAQRxQA~/RgRoHm3EP0SMaHR0cHM6Ly9tb25leS5jb20vZGVsaXZlcnktYXBwcy11bmF1dGhvcml6ZWQtYWNjb3VudC1zaGFyaW5nLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODRXA3NwY0IKZjPE6Dtm0Y5Xu1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) Money; Shutterstock The popular delivery apps are facing a challenge with couriers using fake identities and sharing accounts. This raises concerns about customer safety and liability for the companies. Research suggests most cases involve those who can legally work in the U.S. setting up accounts for family members who can’t. [Read more.](~/AAQRxQA~/RgRoHm3EP0SMaHR0cHM6Ly9tb25leS5jb20vZGVsaXZlcnktYXBwcy11bmF1dGhvcml6ZWQtYWNjb3VudC1zaGFyaW5nLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODRXA3NwY0IKZjPE6Dtm0Y5Xu1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) ☕ [Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle.](~/AAQRxQA~/RgRoHm3EP0RUaHR0cHM6Ly9hcG5ld3MuY29tL2FydGljbGUvc3RhcmJ1Y2tzLWhvd2FyZC1zY2h1bHR6LTA1MzM0NWE1OWYxYmRiNTNiOWY1NTM1NTg2NWIyMTZlVwNzcGNCCmYzxOg7ZtGOV7tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Facing falling sales, Starbucks’ former CEO Howard Schultz believes leaders need to refocus on its core coffee business and prioritize customer experience in stores. He criticized the current CEO’s emphasis on diversification into new drinks. 🧚 [Disney+ posts first-time profit.](~/AAQRxQA~/RgRoHm3EP0RPaHR0cHM6Ly93d3cuYXhpb3MuY29tLzIwMjQvMDUvMDcvZGlzbmV5LWVudGVydGFpbm1lbnQtc3RyZWFtaW5nLXByb2ZpdC1lYXJuaW5nc1cDc3BjQgpmM8ToO2bRjle7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) Disney+ and Hulu combined achieved profitability for the first time, although the full streaming portfolio, including ESPN+, isn’t quite there yet. This is crucial as the company’s traditional entertainment businesses see revenue decline. Americans think they are worth $240 an hour [American's Hourly Worth](~/AAQRxQA~/RgRoHm3EP0SSaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2hvdy1tdWNoLWFtZXJpY2Fucy10aW1lLWlzLXdvcnRoLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODRXA3NwY0IKZjPE6Dtm0Y5Xu1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) Money; Getty Images Americans vastly overestimate the value of their time compared to their actual earnings. A survey suggests the average person believes their time is worth $240 an hour, translating to a yearly salary of nearly $500,000 – far exceeding the national average. This gap is most prominent among millennials, valuing their time the highest at over $328 an hour. [Read more.](~/AAQRxQA~/RgRoHm3EP0SSaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2hvdy1tdWNoLWFtZXJpY2Fucy10aW1lLWlzLXdvcnRoLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODRXA3NwY0IKZjPE6Dtm0Y5Xu1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) 💳 [Gen Z sinks deeper into debt.](~/AAQRxQA~/RgRoHm3EP0RRaHR0cHM6Ly93d3cubGl2ZW1pbnQuY29tL2Vjb25vbXkvZ2VuLXotc2lua3MtZGVlcGVyLWludG8tZGVidC0xMTcxNTEwMDEyODQxNS5odG1sVwNzcGNCCmYzxOg7ZtGOV7tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Younger Americans are struggling with credit card debt due to rising inflation and student loans. The average credit card balance for young adults is now $2,834, compared to $2,248 a decade ago. This burden can delay life milestones like homeownership and marriage. ⚡ [Elon Musk lays off Tesla workers for the fourth week in a row.](~/AAQRxQA~/RgRoHm3EP0RXaHR0cHM6Ly9qYWxvcG5pay5jb20vZWxvbi1tdXNrLWxheXMtb2ZmLXRlc2xhLXdvcmtlcnMtZm9yLXRoZS1mb3VydGgtd2Vlay1pbi0xODUxNDYwMzczVwNzcGNCCmYzxOg7ZtGOV7tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) The latest round of cuts happened on May 6th, leaving many workers on edge and unsure when the layoffs will stop. This comes after Musk announced a workforce reduction of over 10% in mid-April, citing duplicate roles. Here’s how much debt the average American has [Debt](~/AAQRxQA~/RgRoHm3EP0SSaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9hdmVyYWdlLWFtZXJpY2FuLXBlcnNvbmFsLWRlYnQtYW1vdW50Lz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODRXA3NwY0IKZjPE6Dtm0Y5Xu1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) Money; Getty Images The average American’s non-mortgage debt has risen slightly to $22,713 in 2024, with credit cards and auto loans being the main culprits. Gen X and Millennials carry the most debt, often lacking a concrete repayment plan. [Read more.](~/AAQRxQA~/RgRoHm3EP0SSaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9hdmVyYWdlLWFtZXJpY2FuLXBlcnNvbmFsLWRlYnQtYW1vdW50Lz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODRXA3NwY0IKZjPE6Dtm0Y5Xu1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) 🇺🇸 [It’s a presidential election year. Here’s what that could mean for your 401(k).](~/AAQRxQA~/RgRoHm3EP0RkaHR0cHM6Ly9lZGl0aW9uLmNubi5jb20vMjAyNC8wNS8wNy9zdWNjZXNzL3ByZXNpZGVudGlhbC1lbGVjdGlvbi15ZWFycy1tYXJrZXQtcGVyZm9ybWFuY2UvaW5kZXguaHRtbFcDc3BjQgpmM8ToO2bRjle7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) While elections clearly have lasting effects, history suggests the long-term impact on investor portfolios, like 401(k)s, is relatively minor when looking at U.S. presidential elections over the past century. 🖐🏻 [Fed may need to hold rates steady all year, Kashkari says.](~/AAQRxQA~/RgRoHm3EP0RtaHR0cHM6Ly93d3cucmV1dGVycy5jb20vbWFya2V0cy9yYXRlcy1ib25kcy9mZWQtbWF5LW5lZWQtaG9sZC1yYXRlcy1zdGVhZHktYWxsLXllYXIta2FzaGthcmktc2F5cy0yMDI0LTA1LTA3L1cDc3BjQgpmM8ToO2bRjle7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) The Minneapolis Fed official Neel Kashkari believes the Federal Reserve may need to hold interest rates steady throughout 2024. This wait-and-see approach comes due to concerns about inflation remaining stubbornly high, fueled by a strong housing market. Smart Money Move Don’t let vet bills break your heart (or bank account) [Pet Insurance] [Pet Insurance](~/AAQRxQA~/RgRoHm3EP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL2FkYWU5MTZiODQ2OD94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODNXA3NwY0IKZjPE6Dtm0Y5Xu1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) All four-legged furry friends need proper care. Unfortunately, surprise vet bills can take a big bite out of your finances. Good thing there’s pet insurance. Some plans may cover major surgeries, which can cost up to $7,000, helping ensure you can afford the best treatment for your pet. With the right coverage, your pet and your finances can stay happy and healthy. [View our best pet insurance list to find companies with up to 90% reimbursement options and coverage starting at just $1 per day.](~/AAQRxQA~/RgRoHm3EP0RLaHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL3VlMDYwNzY4ZDllMz9hcHhhMz10bXNpc3N1ZV84NCZ1dG1fbWVkaXVtPWVtYWlsVwNzcGNCCmYzxOg7ZtGOV7tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Stories we’re reading this week - [Homeowners Are Increasing Insurance Deductibles to $5,000 or More to Save Money](~/AAQRxQA~/RgRoHm3EP0SeaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvaG9tZS1pbnN1cmFuY2UtZGVkdWN0aWJsZS1pbmNyZWFzZS1zYXZlLW1vbmV5Lz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODRXA3NwY0IKZjPE6Dtm0Y5Xu1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) - [SEC Warns Robinhood That Its Crypto Business Faces Lawsuit](~/AAQRxQA~/RgRoHm3EP0RuaHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjQtMDUtMDYvcm9iaW5ob29kLW1hcmtldHMtZ2V0cy1zZWMtc3VicG9lbmEtdGllZC10by1jcnlwdG8tYnVzaW5lc3NXA3NwY0IKZjPE6Dtm0Y5Xu1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) - [Why Some Social Security Recipients Will Get 2 Payments in May](~/AAQRxQA~/RgRoHm3EP0SbaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL21vbmV5L3NvY2lhbC1zZWN1cml0eS0yLXBheW1lbnRzLW1heS0yMDI0Lz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlODRXA3NwY0IKZjPE6Dtm0Y5Xu1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) - [California Bill Would Restrict Self-Checkout, Force Some Stores to Do Away With It](~/AAQRxQA~/RgRoHm3EP0RraHR0cHM6Ly93d3cua3R2dS5jb20vbmV3cy9jYWxpZm9ybmlhLWJpbGwtd291bGQtcmVzdHJpY3Qtc2VsZi1jaGVja291dC1mb3JjZS1zb21lLXN0b3Jlcy10by1kby1hd2F5LXdpdGgtaXRXA3NwY0IKZjPE6Dtm0Y5Xu1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) - [IRS: Over $1 Billion in Unclaimed 2020 Tax Refunds Expire Soon](~/AAQRxQA~/RgRoHm3EP0SLaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS91bmNsYWltZWQtdGF4LXJlZnVuZHMtZXhwaXJpbmcvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU4NFcDc3BjQgpmM8ToO2bRjle7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) - [Open Your Eyes to This One Major Factor that Will Crush Bond Yields, Says Morgan Stanley](~/AAQRxQA~/RgRoHm3EP0SCaHR0cHM6Ly93d3cubWFya2V0d2F0Y2guY29tL3N0b3J5L29wZW4teW91ci1leWVzLXRvLXRoaXMtb25lLW1ham9yLWZhY3Rvci10aGF0LXdpbGwtY3J1c2gtYm9uZC15aWVsZHMtc2F5cy1tb3JnYW4tc3RhbmxleS03OWE1ZDQwYVcDc3BjQgpmM8ToO2bRjle7Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) - [These Are the Best Money Moves for May 2024](~/AAQRxQA~/RgRoHm3EP0RyaHR0cHM6Ly9tb25leS5jb20vYmVzdC1tb25leS1tb3Zlcy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTg0VwNzcGNCCmYzxOg7ZtGOV7tSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive The Money Section from the Fort Worth Star-Telegram. 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