Money News: How UAW Strike Could Affect Workers — and Car Costs

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 13 September 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nerds explain this week’s personal finance news, with a focus on labor unrest as the United Auto Workers union prepares to strike. In Smart Money’s new weekly personal finance news roundup, hosts Sean Pyles and Anna Helhoski take a look at recent developments in the world of money and then go in-depth on an issue that could be important to your life — and your bottom line. Today’s topics include rising home prices, the latest statistics on household wealth and debt, the rise in poverty from 2021 and 2022, and high-yield savings accounts. Plus, Sean and Anna take a deep look at the United Auto Workers' (UAW) threatened strike against the three largest automakers: Ford, General Motors and Stellantis. Learn what the workers want and what it could mean for your car shopping prospects if their demands aren’t met. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
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0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:32.8	Welcome to NerdWallet's Smart Money Podcast.
0:35.6	I'm Sean Piles.
0:36.6	And I'm Anna Helhouski. And this is our new weekly personal finance news roundup,
0:41.3	where we take a look at recent developments in the world of money and then go in-depth on an issue that's important to your life and to your bottom line.
0:49.1	Yes, we are hoping that this weekly new show will give you, dear listener, a sense of what's happening
0:54.4	in business and finance and how it applies to you. In a few minutes, we're going to take a deeper
1:00.3	look at the latest in labor strife, with members of the United Auto Workers, or UAW, set to strike
1:06.5	this week if they can't agree on a contract with the big three U.S. automakers.
1:14.7	We'll look at what this means for the labor movement and what it could potentially mean for any of you looking to buy a car.
1:17.1	So first, a few money headlines from the last few days.
1:24.7	Anna, you are not a homeowner, right?
1:27.7	Oh, no. I am still paying exorbitant rent to live in New York City.
	...

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