Business

Friday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Friday’s business headlines.

COVID

Indiana ranks as the 14th when it comes to financial impact of the coronavirus.

In mid-May, more than 24% of residents said that they either missed last month’s housing payment or did not have confidence they would be able to make the coming month’s payment.

Additionally, close to 10% of adults survey respondents said they did not always have enough to eat during the previous week.

Columbus

Business Insider named some of the best towns to move to after the pandemic, measuring things like local economies, schools and demographics.

Many of them are in the midwest, including Columbus, Indiana, which it says 79.5% of households spend less than 30% of their income on housing, the highest share among metro areas. Its pre-coronavirus unemployment rate was 2.3%, tied for the 13th lowest among metro areas.

The top three are Fargo, North Dakota, Jefferson City, Missouri and Springfield, Illinois was top.

Work from home

Work-from-home employees reported to CreditCards.com they are spending an average of $182 more on groceries and $121 more on utilities per month. But they are also saving a bit on child care, gas, public transit, restaurants and takeout and clothes and dry cleaning.

Among those who saved in at least one category, 38% plan to save or invest most of it, Twenty-nine percent will spend it on everyday expenses and 28% will pay down debt and only 2% said they will splurge on luxury items.

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