Tellwut US Newsletter - 50 Exclusive Points -July 12 2024

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What goes around comes around? That's the belief of 84% of United States citizens asked by OnePoll on behalf of banking app Chime.

More than one in three U.S. adults earns money through a side hustle, according to a new Bankrate survey. The share of people with side hustles has dropped slightly over the past year, with 36 percent of adults reporting a side hustle compared to 39 percent in 2023. But it doesn’t look like the need for side hustles will disappear soon, even if inflation is cooling: 32 percent of side hustlers believe they will always need the extra work to make ends meet, according to the survey. About 35 percent of side hustlers use the money to pay for living expenses like rent and groceries. Another 37 percent say they use at least some of the extra money to fund discretionary spending, while 31 percent say they are use some of it for savings and 20 percent use it to pay off debt.

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We may be living in the digital age, but Canadians still place real value on taking notes by hand!

It’s soon going to cost more money to get your foot in the door at Costco. The retailer is raising membership fees by $5 to $65 a year in the US and Canada, Costco announced Wednesday. This marks the first time in seven years Costco is raising membership fees. Additionally, Costco’s premium “Executive Membership” is going up by $10 to $130 a year. The company estimated that 52 million memberships will be impacted, a little over half of which are Executive members, Costco said. Annual fees have been one of the biggest profit-generating areas for Costco, helping it offset expenses to keep its prices down. Last year, Costco earned $4.6 billion in revenue from membership fees, an 8% increase from 2022.

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