As the economy has started to recover from the effects of the COVID-19 pandemic, there has been a surge in job openings, with some employers having a difficult time filling all their open positions. As a result, new applicants have a lot of leverage. The incentives available from changing jobs, as well as a desire to get away from careers impacted most by COVID-19, are two big factors driving what’s been dubbed the “Great Resignation,” with millions of Americans quitting their jobs each month.

The rate at which people quit their jobs isn’t the same across the whole country, though. WalletHub took a look at the data to rank the 50 states and the District of Columbia based on how frequently people are leaving their places of employment.

The WalletHub Economic Index increased by over 6% between December 2020 and January 2022. This means consumers are significantly more confident about their financial outlook now than they were at the end of 2020.

The WalletHub Economic Index is a monthly survey that evaluates economic prospects based on 10 components of consumer sentiment. These components revolve around how people feel about their finances, purchasing plans, and employment opportunities.

APR stands for annual percentage rate and it is the estimated yearly cost of borrowing money with a loan or a credit card. The APR includes the interest charges that will apply to a balance, as well as related fees in some cases.

Key Things to Know About APRs

Credit card interest is charged on a daily basis when you carry a balance from month to month, and it affects both your existing balance and any new purchases that post to your account. The interest you’re charged one day also becomes part of the balance accruing interest the next. In other words, credit card interest compounds daily. That, combined with the fact that credit cards are known for having high rates, is why credit card debt is so expensive.

You can see how much credit card debt is costing you, and how much you could save with a better card, by using WalletHub’s credit card interest calculator. You can also avoid credit card interest by paying your bill in full every month. Interest doesn’t apply to your daily balance when you do so, and most credit card companies will give you an interest-free grace period from when your monthly statement gets generated to your due date.

Pre-approved credit cards are offers made by credit card companies that indicate you will have a high likelihood of approval if you apply. In addition to pre-approved offers, which are sent by mail or email, most major credit card companies allow people to pre-qualify for their cards.

Which Top Issuers Offer Credit Card Pre-approval?

Note: Min. Credit Required refers to the easiest credit card to get from each issuer.

Citi Double Cash Review Summary

The Citi® Double Cash Card – 18 month BT offer is a very good credit card for people with a good credit score or better. The Citi Double Cash Card has a $0 annual fee and offers two rounds of cash back rewards with every purchase: 1% cash back when you buy and another 1% when you repay Citibank.

What Is a Virtual Credit Card?

A virtual credit card is a service that allows online shoppers to mask their credit card’s sensitive information by using a uniquely generated card number, expiration date and security code as a proxy. Virtual credit cards are not an alternative to a traditional credit card account. Rather, they are connected to a traditional account as a free add-on for improved security. You can create as many virtual card numbers as you want, without affecting your credit score or account standing.

Virtual credit cards decrease the likelihood of credit card fraud because the virtual card information isn’t as useful to a fraudster if stolen. Depending on your credit card issuer, you’ll be given either a separate virtual card number for each merchant or virtual card numbers that work for all merchants. If it’s the latter, you can request a new number whenever you want. That makes it more difficult to hack your account. The information you enter is only good for a limited time and doesn’t show up anywhere permanent.

Indigo Credit Card Review Summary

The Indigo® Mastercard® for Less than Perfect Credit card is a good credit card for people with bad credit who need to borrow around $300 without putting down a security deposit. The Indigo Card’s annual fee of $0 - $99 and high APR are only worth paying when you’re faced with emergency expenses and few other credit card options. And most unsecured credit cards for people with poor credit are more expensive than the Indigo Card.

What Is a Totaled Car?

A totaled car is a car that would cost more to fix than it is worth, or a car that cannot be repaired safely or cost-effectively. For example, if a car is worth $10,000 and the repairs would cost $11,000, the insurance company would declare the car a total loss because the repairs cost more than the vehicle's value. The insurer may then reimburse the vehicle’s “actual cash value,” which is what the car was worth prior to being damaged.

Key Things to Know About Totaled Cars

• Insurance adjusters are the ones who determine whether a car is totaled.
• Totaled cars can be covered by comprehensive, collision, or property damage liability insurance, depending on the situation.
• If your totaled car has a loan or lease balance, your insurer will first reimburse your lender or lessor.
• You may have the option to keep a totaled car, but it’s unlikely to be worth it.

The Platinum Card® from American Express is one of the most popular high-end rewards cards on the market. However, there are quite a few mistakes that people make with American Express Platinum card that can end up being very costly.

These tips are not provided, commissioned or endorsed by any issuer. Opinions are our own. American Express is a WalletHub partner.