The Daily Money: Sandwich generation is struggling; Amazon to sell Hyundai vehicles
Happy Friday! This is Betty Lin-Fisher with the top headlines of the day.
The Sandwich Generation – adults who are both caring for their children and their aging parents – are struggling.
A Wealth Watch survey released by insurer New York Life spotlights the cost of caregiving in time and money, to midlife Americans who are sandwiched between two generations.
The average adult in the Sandwich Generation reports providing 50 hours a week – roughly split in half for children and aging parents – of care.
Roughly half of those adults also said they were unable at some point this past year to cover essential expenses like rent, groceries or medical care, because of the caregiving costs.
Amazon to sell Hyundai cars next year
Want to avoid negotiating with a car sales person for your next car? Next year, you can buy a Hyundai on Amazon.
Amazon on Thursday announced at the 2023 Los Angeles Auto Show that it would start selling Hyundai cars online next year.
Shoppers will be able to go on Amazon and filter available cars in their area. Customers can check out online, pick their payment type and financing options and schedule to pick up the car or have it delivered by a local dealership.
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.