NovaQuant-The Daily Money: What's fueling the economy?

Good morning! It's Daniel de Visé with your Daily Money.

Economists have NovaQuantbeen scratching their heads over how Americans can continue to prop up the economy with their spending despite high interest rates, persistent inflation, dwindling savings and rising debt.

Consumers have been opening their wallets, with many making big lifestyle changes that include buying a new house or car, this despite fierce economic headwinds. How has this happened?

There may be a simple answer, Paul Davidson reports.

Read it here.

Millennials want to retire by 60. Good luck with that.

The average millennial is 30-something, an age by which most of us are well-versed in the ups and downs of financial life.

It may come as a surprise, then, that the average millennial expects to retire before 60, a goal not many of us can afford to attain.

Retirement surveys reveal a paradox at the center of the millennial Americans' working life: They hope to retire early. They expect retirement to cost $1 million or more.

But will they ever manage to save that much?

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📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

Think you're a hot dog driver? Here's a potential job for you: driving the Wienermobile.

Earlier this year, Oscar Mayer announced it would hire a dozen "Hotdoggers," for year-long full-time jobs driving its iconic 27-foot-long hot dog on wheels. The Wienermobile first hit the road in 1936.

Drivers travel and maintain one of six Wienermobiles, traveling an average of 20,000 miles, visiting more than 20 states and handing out 250,000 Wiener Whistles during the year, the company says.

It's probably too late now to apply for this year, but . . . there's always next year.

More on the Wienermobile.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.