Good morning! It’s Daniel de Visé with your Daily Money.
Today, we’ll focus on jobs.
Perched on a plastic lawn chair outside a Home Depot in paint-stained pants and scuffed work boots, Jose Luis Valencia, 54, kept one eye out for ICE agents and another looking for work.
Days after a series of federal immigration raids across Los Angeles sparked protests around the city, Valencia and other undocumented immigrants risked detention as they sought a paycheck.
More workers are changing careers
Nowadays, when Americans switch jobs, they’re not just making changes around the edges.
Sixty-four percent of workers who switched jobs from 2022 to 2024 also changed careers, according to an Indeed study of 35 million profiles on the leading job site.
What’s behind the trend?
Buy now, pay a lot later
Buy now, pay later users are increasingly paying much later.
Klarna, one of many companies that allows users to pay in installments over time, said consumer credit losses in the first three months of the year rose 17% from a year ago.
Here’s how buy now, pay later can wreck your finances.
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.
