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The Money Section | A million more people are eligible for overtime pay under this new law
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charlotteobserver.com
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Wed, Jul 3, 2024 07:13 PM
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Also, what age group has the most student debt? ͏ ͏ ?
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Also, what age group has the most student debt?
Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  [The Charlotte Observer](~/AAQRxQA~/RgRoaCe8P0QiaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL1cDc3BjQgpmfLyihWb_hyctUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Í
Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ July 3, 2024 ⢠Issue #92 [The Money Section] This week, weâre looking at a new federal law expanding overtime pay rights, average student loan debt by age group, NFL Sunday Ticket is now available for businesses to stream, and whether cash is an appropriate gift these days. One million more workers just became eligible for overtime pay [Travel](~/AAQRxQA~/RgRoaCe8P0SHaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9uZXctb3ZlcnRpbWUtcGF5LXJ1bGUtMjAyNC8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTkyVwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Money; Getty Images A new federal rule means roughly 1 million salaried workers will now receive overtime pay. The change is due to an increase in the salary threshold for exemption from overtime rules. Previously, workers earning less than $35,568 annually qualified for overtime. Now, the threshold is $43,888 and will rise to $58,656 in 2025. [Read more.](~/AAQRxQA~/RgRoaCe8P0SHaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9uZXctb3ZlcnRpbWUtcGF5LXJ1bGUtMjAyNC8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTkyVwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) ð [U.S. job openings unexpectedly grew in May.](~/AAQRxQA~/RgRoaCe8P0RXaHR0cHM6Ly9lZGl0aW9uLmNubi5jb20vMjAyNC8wNy8wMi9lY29ub215L3VzLWpvbHRzLWpvYi1vcGVuaW5ncy1sYXlvZmZzLW1heS9pbmRleC5odG1sVwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Despite predictions of a decline, job openings in the U.S. unexpectedly rose in May to 8.14 million. While hiring also increased, the quit rate remained steady, suggesting workers are comfortable staying in their current positions. ð¦ [A fintech collapse is rippling through a small corner of the banking world.](~/AAQRxQA~/RgRoaCe8P0R4aHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9uZXdzL2EtZmludGVjaC1jb2xsYXBzZS1pcy1yaXBwbGluZy10aHJvdWdoLWEtc21hbGwtY29ybmVyLW9mLXRoZS1iYW5raW5nLXdvcmxkLTE0MzA1NDQ5OS5odG1sVwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Ten-year-old fintech firm Synapse has gone bankrupt, leaving thousands of customers unable to access their money held by partner banks. The source of the missing millions is unclear, with Synapse and the banks blaming each other. Cash is king. But is it okay to give as a present? [EV](~/AAQRxQA~/RgRoaCe8P0STaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2dpdmUtY2FzaC1tb25leS1wcmVzZW50LWV0aXF1ZXR0ZS8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTkyVwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Money; Getty Images Choosing a birthday gift can be stressful, especially when youâre short on time. While some might consider cash impersonal, etiquette experts say itâs a perfectly acceptable gift. In fact, surveys show many people prefer cash or gift cards to traditional presents. [Read more.](~/AAQRxQA~/RgRoaCe8P0STaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L2dpdmUtY2FzaC1tb25leS1wcmVzZW50LWV0aXF1ZXR0ZS8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTkyVwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) ð [For the first time ever, businesses will be able to stream Sunday Ticket.](~/AAQRxQA~/RgRoaCe8P0SFaHR0cHM6Ly93d3cubmJjc3BvcnRzLmNvbS9uZmwvcHJvZm9vdGJhbGx0YWxrL3J1bW9yLW1pbGwvbmV3cy9mb3ItdGhlLWZpcnN0LXRpbWUtZXZlci1idXNpbmVzc2VzLXdpbGwtYmUtYWJsZS10by1zdHJlYW0tc3VuZGF5LXRpY2tldFcDc3BjQgpmfLyihWb_hyctUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) NFL Sunday Ticket will be available for streaming by businesses for the first time this season. This comes after a lawsuit challenging the NFLâs pricing strategy for Sunday Ticket. The core question remains: how much will businesses have to pay? ð¡ [Six Flags merges with Cedar Fair.](~/AAQRxQA~/RgRoaCe8P0R0aHR0cHM6Ly93d3cuZm94YnVzaW5lc3MuY29tL2Vjb25vbXkvc2l4LWZsYWdzLW1lcmdlcy1jZWRhci1mYWlyLWJlY29tZS1sYXJnZXN0LWFtdXNlbWVudC1wYXJrLW9wZXJhdG9yLW5vcnRoLWFtZXJpY2FXA3NwY0IKZny8ooVm_4cnLVIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Six Flags and Cedar Fair merged to become the biggest amusement park operator in North America, with 42 parks across the U.S., Canada, and Mexico. The $8 billion merger combines Cedar Fairâs guest experience with Six Flagsâ innovative rides. Who has the most student loan debt? [Tax Hikes](~/AAQRxQA~/RgRoaCe8P0R5aHR0cHM6Ly9tb25leS5jb20vc3R1ZGVudC1kZWJ0LXN0YXRpc3RpY3MvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5MlcDc3BjQgpmfLyihWb_hyctUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Money; Shutterstock Student debt affects about 1 in 5 American adults, with a median household amount of $25,000. Those between 25 and 50 owe the most, but the fastest-growing group is older adults. [Read more.](~/AAQRxQA~/RgRoaCe8P0R5aHR0cHM6Ly9tb25leS5jb20vc3R1ZGVudC1kZWJ0LXN0YXRpc3RpY3MvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5MlcDc3BjQgpmfLyihWb_hyctUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) âï¸ [Meta accused of breaking European law with its âpay or consentâ model.](~/AAQRxQA~/RgRoaCe8P0RMaHR0cHM6Ly9lZGl0aW9uLmNubi5jb20vMjAyNC8wNy8wMS90ZWNoL21ldGEtZXUtY29tcGV0aXRpb24tcnVsZXMvaW5kZXguaHRtbFcDc3BjQgpmfLyihWb_hyctUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) Facebookâs parent company is accused of breaching European digital laws with its ad model, which offers users the choice between ad-free subscriptions or personalized ads. The EU argues this doesnât give users a fair choice and forces them to give up data privacy. ð½ï¸ [California restaurants can charge service fees, but thereâs a catch.](~/AAQRxQA~/RgRoaCe8P0RhaHR0cHM6Ly93d3cuZm94YnVzaW5lc3MuY29tL2xpZmVzdHlsZS9jYWxpZm9ybmlhLXJlc3RhdXJhbnRzLWNhbi1jaGFyZ2Utc2VydmljZS1mZWVzLXRoZXJlcy1jYXRjaFcDc3BjQgpmfLyihWb_hyctUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~) A new law signed by Governor Gavin Newsom requires restaurants to clearly explain and disclose any mandatory fees, including service charges, on menus, advertisements, and other displays. Smart Money Move Car insurance rates are skyrocketing! Donât let your wallet feel the heat. [Car Insurance] [Car Insurance](~/AAQRxQA~/RgRoaCe8P0ThaHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL2Nhci1pbnN1cmFuY2UvbHAvYmVzdC1jYXItaW5zdXJhbmNlLWFibS1lbWFpbD9wY3VpZD12NzZhZGZjYmFjNTQmY2FfcmVmZXJlcj1odHRwcyUzQSUyRiUyRnd3dy5nb29nbGUuY29tJTJGJmp1bXBfZnJvbV9lbWJlZD10cnVlJnV0bV9jb250ZW50PXRtc19pc3N1ZTkyJnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX3NvdXJjZT1tY2NsYXRjaHkmd2FmaWQ9VwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) Struggling with rising car insurance costs? Youâre not alone. Rates have jumped 20% nationally in just a year. But thereâs a silver lining! You might be overpaying. By comparing quotes, you could save hundreds of dollars annually. Wouldnât that be sweet relief? [Take a look at Moneyâs Best Car Insurance list and see if you can find a more competitive rate.](~/AAQRxQA~/RgRoaCe8P0ThaHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL2Nhci1pbnN1cmFuY2UvbHAvYmVzdC1jYXItaW5zdXJhbmNlLWFibS1lbWFpbD9wY3VpZD12NzZhZGZjYmFjNTQmY2FfcmVmZXJlcj1odHRwcyUzQSUyRiUyRnd3dy5nb29nbGUuY29tJTJGJmp1bXBfZnJvbV9lbWJlZD10cnVlJnV0bV9jb250ZW50PXRtc19pc3N1ZTkyJnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX3NvdXJjZT1tY2NsYXRjaHkmd2FmaWQ9VwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) ADVERTISEMENT Stories weâre reading this week - [Investors Have Found Peace in Another Trump Presidency](~/AAQRxQA~/RgRoaCe8P0RkaHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9uZXdzL2ludmVzdG9ycy1oYXZlLWZvdW5kLXBlYWNlLWluLWFub3RoZXItdHJ1bXAtcHJlc2lkZW5jeS0xNTQ3MDMxNTAuaHRtbFcDc3BjQgpmfLyihWb_hyctUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [Can AI Tools for Picking Stocks Help Investors Beat the Market?](~/AAQRxQA~/RgRoaCe8P0SZaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL21vbmV5L2FpLWZvci1waWNraW5nLXN0b2Nrcy1iZWF0LW1hcmtldC8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTkyVwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~)
- [FDA Approves Eli Lilly Alzheimerâs Drug](~/AAQRxQA~/RgRoaCe8P0RVaHR0cHM6Ly93d3cuY25iYy5jb20vMjAyNC8wNy8wMi9mZGEtYXBwcm92ZXMtZWxpLWxpbGx5LWFsemhlaW1lcnMtZHJ1Zy1kb25hbmVtYWIuaHRtbFcDc3BjQgpmfLyihWb_hyctUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [Homes Are Finally Selling Below List Price Again](~/AAQRxQA~/RgRoaCe8P0SXaHR0cHM6Ly93d3cubmV3c29ic2VydmVyLmNvbS9tb25leS9ob21lcy1zZWxsaW5nLWJlbG93LWxpc3QtcHJpY2UtYWdhaW4vP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5MlcDc3BjQgpmfLyihWb_hyctUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [Paris Hotels Struggle With Low Demand as Olympics Approach](~/AAQRxQA~/RgRoaCe8P0ReaHR0cHM6Ly93d3cuZXVyb25ld3MuY29tLzIwMjQvMDcvMDIvcGFyaXMtaG90ZWxzLXN0cnVnZ2xlLXdpdGgtbG93LWRlbWFuZC1hcy1vbHltcGljcy1hcHByb2FjaFcDc3BjQgpmfLyihWb_hyctUht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAAA04~)
- [Nearly 60% of College Students Have Considered Dropping Out Because of Money](~/AAQRxQA~/RgRoaCe8P0SMaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9jb2xsZWdlLXN0dWRlbnRzLWRyb3Atb3V0LW1vbmV5Lz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlOTJXA3NwY0IKZny8ooVm_4cnLVIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO)
- [Supreme Court Will Decide if FDA Unfairly Blocked Marketing of Flavored E-Cigarettes](~/AAQRxQA~/RgRoaCe8P0RsaHR0cHM6Ly93d3cudXNhdG9kYXkuY29tL3N0b3J5L25ld3MvcG9saXRpY3MvMjAyNC8wNy8wMi9zdXByZW1lLWNvdXJ0LWZkYS1mbGF2b3JlZC1lLWNpZ2FyZXR0ZXMvNzQyNzU5OTYwMDcvVwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) 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 Charlotte Observer. If you no longer wish to receive emails of this type, you may [update your email preferences](~/AAQRxQA~/RgRoaCe8P0R1aHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL25ld3NsZXR0ZXJzI3VzZXJJZD0zMjU0ZmI5ZGZjZDhjNjJmZjA2N2Y5NDQ4ZDNiN2ZhZmMyZTBmYTgyMDhmMmNhYzA4M2RiODU3ZGFmNjA5NmViVwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~). We are unable to monitor replies to this email. Please [contact customer service](~/AAQRxQA~/RgRoaCe8P0QzaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvVwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) if you have any questions or concerns. [Privacy Policy](~/AAQRxQA~/RgRoaCe8P0RCaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvcHJpdmFjeS1wb2xpY3kvVwNzcGNCCmZ8vKKFZv-HJy1SG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAADTg~~) | [Terms of Service](~/AAQRxQA~/RgRoaCe8P0REaHR0cHM6Ly93d3cuY2hhcmxvdHRlb2JzZXJ2ZXIuY29tL2N1c3RvbWVyLXNlcnZpY2UvdGVybXMtb2Ytc2VydmljZS9XA3NwY0IKZny8ooVm_4cnLVIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQAAANO) Copyright © 2024 The Charlotte Observer. All Rights Reserved.
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