Esusu: Save More Money with Your Friends and Family
In cultures around the world families and friends pool their money together into a single pot of money. The process is called esusu, and a new app has adopted the name and making the process easier than ever.
Abbey Wemimo is the co-founder of Esusu. As an immigrant himself, Wemimo's mother practiced esusu and used that financing strategy to send Wemimo to school.
Wemimo explains that the main focus is to create a platform for immigrants and people of color, but of course he would be happy for all Americans to use the platform. Accessibility was a key factor in developing Esusu, which is why Wemimo says the company built a phone-based app.
Nela Richardson, Chief Economist at ADP, joins Wake Up With Cheddar with reaction to the weekly jobless claims, coming in higher than expected at 400K.
For the chicken wing lovers in New York City, there might be some great news on #NationalChickenWingDay. Wingstop has plans to open at least 25 new locations in Manhattan as the restaurant chain looks to put more emphasis on its digital operations. The majority of the company-owned locations will serve as ghost kitchens to make it easier for delivery drivers to get in and out in a timely manner.
