3 numbers to know this week: 10/19
Millennials are seeking higher pay, retail sales are up in part due to inflation, and lumber prices are spiking again.
· less than 3 min read
Become a personal finance expert
Subscribe to our thrice-weekly personal finance newsletter that makes you smarter about your money.
45%
The percentage of millennials who are leaving their jobs to find better compensation and benefits, per a Prudential survey. It’s just one more stat to advance the theory that job complacency among this generation...doesn’t exist. Good on us.
0.7%
The seasonally adjusted increase in retail sales in September, compared to August. Higher prices for goods—driven by supply-chain holdups—partly explain the rise in spending. Economists were shocked that US consumers spent more, but they are unwavering in their expectations of a spending slowdown through the end of the year.
33%
The spike in lumber prices since the end of August. Lumber hit its peak in May at $1,515 per thousand board feet, so $516 as of Friday feels like a bargain. Prices are expected to increase even more, so now might be the time to lumber up if you’ve been eyeing a DIY home project.
Become a personal finance expert
Subscribe to our thrice-weekly personal finance newsletter that makes you smarter about your money.