11.14.24 Your Online Privacy / Good News For Car Buyers
Nov 14, 2024
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Discover simple strategies to protect your online privacy, including using safer browsers and understanding payment app risks, particularly with Zelle. Gain valuable insights into the automotive market, where fluctuating prices due to supply chain issues influence both new and used car sales. Clark shares tips on navigating insurance claims and weighing the benefits of converting traditional retirement accounts to Roth accounts. This discussion is packed with practical advice for consumers looking to stay informed and make better financial decisions.
30:28
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Quick takeaways
Individuals can enhance online privacy by rejecting data sharing and utilizing privacy-focused browsers to prevent surveillance.
The auto industry faces a disparity in vehicle pricing, with predictions of lower-priced new cars benefiting future car buyers by 2025.
Deep dives
Protecting Your Online Privacy
There are effective measures individuals can take to enhance their online privacy while browsing. Recent changes in privacy laws, originating from California, empower users to deny the sharing of their personal data when visiting websites. By simply taking a few seconds to reject data sharing, individuals can significantly reduce the amount of information that is shared with third parties. Additionally, using privacy-focused browsers, such as Brave, which automatically opts out of data sharing could provide further protection against unwanted surveillance online.
The Risks of Using Zelle for Transactions
Zelle poses substantial risks to users due to its vulnerable payment system that offers little recourse against unauthorized transactions. Many financial institutions, including credit unions, have implemented Zelle without proper consent from their members, raising concerns over user protection. If a criminal gains access to a bank account linked to Zelle, stolen funds through this platform may be unrecoverable. Experts advise avoiding Zelle altogether and opting for more secure payment methods to ensure financial safety.
Current Trends in the Auto Industry
The auto industry is currently experiencing a significant gap between used and new vehicle prices, which is the widest ever recorded. The average used car is priced around $27,000, while the average new vehicle costs about $47,000, leading to many buyers feeling upside down on their loans. Automakers are now left with excess inventory as many vehicles sit unsold due to this price discrepancy. Predictions suggest that by 2025, we may see an abundance of lower-priced new vehicles and increased discounts, benefiting consumers who are in the market for new cars.
It’s important to protect your privacy online and there are some simple things you can do to stop the sharing of your data when visiting websites. Also, Clark shares news on the state of the auto industry, and what it means for car buyers.