Wallethub – Q: Is it fair for car insurance companies to consider gender or age when setting premiums?

A: Car insurance, typically though not always, costs more for men than women. This is because insurance companies have concluded that male drivers, particularly young male drivers, are statistically a greater risk than female drivers. Insurance companies are looking for ways evaluate their risk as effectively as possible. That said, there are already a small number of states, such as California, Massachusetts, and Michigan, which prohibit using gender to set premiums. More states might adopt those provisions in the future. Regarding age, insurers may charge more for very young and very old drivers because of their greater risk. An open question is how car insurance premiums will change for transgender and nonbinary people.

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Wallethub –

Q: What are some pieces of advice people should follow when comparing personal loan offers from different lenders?

A: One of the most important criteria is the loan’s interest rate. The higher the interest rate, the more expensive the loan is for the borrower. Borrowers should consider whether the loan has a fixed rate or variable rate.

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Modern Retail – Around this time last year, retailers were clamoring to get a hold of thousands of seasonal workers with some making hiring announcements as early as August. The holiday hiring environment in 2023, however, is a stark contrast to what it was the previous year.

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