Allison Prang
speaker
165 appearances
4 recordings
1 series
first heard Oct 2018
last heard Mar 2021
Allison Prang’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Minimum-Wage Increase Could Cost Some Teens Their Jobs · 29 Mar 2021
podcast
She's raised by a single parent.
And, you know, so it's not just teens, you know, affecting, oh, I have less money to go out with my friends.
Sometimes it's that, you know, they're using money for things similar to what adults would.
I think that's generally something we can assume about a lot of teenagers.
But like I said, you know, some of these teens are paying for something more substantial, like a bill.
You know, we picture a teenager as kind of this, you know, 16-year-old who's working at a movie theater, working at a restaurant, and they're just bringing in disposable income, which is true, but...
They also have real expenses.
You know, if you're saving for college and you need spending money in college, those are real costs that teenagers have.
It might be different than, say, having to pay, you know, a monthly rent on an apartment, but there's still legitimate expenses that these young people have and need money for.
Oh, definitely.
Yeah, it's way more attractive for a lot of consumers.
I would imagine anyone who has money put away to be earning something northwards of 2% as opposed to, you know, if your typical savings account at a bank is a lot, lot, lot lower than that.
So these are attractive options for a lot of people and still are even in this environment.
They were one of them.
There's a lot, actually, there's a number that pay above 2%.
Marcus, I feel like, has been a really well-known option, being Goldman Sachs and whatnot that people have used.
But for sure, there's a number of them that you can get this higher interest rate at.
That's, I would say, above that, above 2%-ish.
And they just came down over the summer now a couple of times.
They were at 2.25 percent and they dropped it about 10 basis points.
Showing 41–60 of 165 · page 3 of 9
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