The Accountant Shortage Is So Bad That It’s Delaying Key Reports at Companies Like Tupperware

^{This article originally appeared on Business Insider.}

The accountant shortage is so bad that companies are delaying filing key mandatory reports.

On Friday, Tupperware said it didn’t have enough accountants to get its annual report out on time. The storage container manufacturer is the latest on a growing list of companies that have delayed their annual reports for a host of reasons. About 70 companies have postponed annual reports this year, up 40% from last year, research company Intelligize tallied last month.

In a regulatory filing, Orlando-based Tupperware blamed the delay on “significant” past and present accounting attrition, “which has resulted in resource and skill set gaps, strained resources, and a loss of continuity of knowledge.”

Tupperware added that previous delays in filing its 2022 annual report led to postponement of its quarterly reports, which subsequently pushed back work on its 2023 annual report.

On LinkedIn, the company is hiring for a single accountant, a job in Poland.

Once an American kitchen icon, the manufacturer now faces a slew of business problems. In October, its external accounting firm, PricewaterhouseCoopers, dropped the company as a client. Almost a year ago, Tupperware warned investors of potential bankruptcy amid greater losses and operational costs.’

Accountant staffing issues at Tupperware and other businesses are becoming an operational headache with no signs of abating.

Seasoned accountants are retiring while the profession, which has a reputation for long hours and unfulfilling work, has struggled to attract younger talent. The American Institute of Certified Public Accountants said that 75% of certified accountants reached retirement age in 2020. The US Bureau of Labor Statistics projects there will be 126,500 openings for accountants and auditors each year, on average, over the decade.

But many students say they are turned off by the fifth year of college needed for accounting courses. And accountants’ average starting salary of about $62,000 looks less appealing than other higher-paying or lower-stress jobs in business.

“Accountants and auditors are to business as those people in the black-and-white-striped shirts are to sports. We’re the referees of business,” Steven Kachelmeier, the chair of the accounting department at the University of Texas, told Business Insider last year.

“We may not always like the referees, but sports is a free-for-all without them,” he said, explaining that if shortages of these workers continue, accountability and integrity in business could suffer.

This year has seen a slate of high-profile financial reporting errors, some of which caused stock prices to change. In February, ride-hailing app Lyft erroneously reported in its fourth-quarter earnings release that it expects profit margins to increase by 500, not 50 basis points — which led its stock to surge 60%. Electric vehicle maker Rivian and gym company Planet Fitness said they made earnings typos this year.

In a similar move to Tupperware, toy giant Mattel said in a February filing that it was unable to file its 2023 annual report due to “certain deficiencies in its internal control over financial reporting.”

The Securities and Exchanges Commission can issue penalties for erroneous filings, including fines for delays and errors in financial reporting.

https://www.entrepreneur.com/business-news/theres-an-accountant-shortage-its-becoming-a-big-problem/471999

UPS Just Inked a Major Deal With the U.S. Postal Service — And Ended a 20-Year Relationship With FedEx

It’s the beginning of a new partnership between the U.S. Postal Service and UPS — but it ends a long-term relationship with rival carrier FedEx.

The USPS said on Monday that UPS would now be its primary air cargo provider after FedEx had stood in the position for over two decades.

“This award is effective immediately and greatly expands the existing relationship between the two organizations,” UPS said in a company release. “Following a transition period, UPS will become the USPS’s primary air cargo provider and move the majority of USPS air cargo in the US.”

UPS called the partnership with the USPS “mutually beneficial” as it aims to smooth out both organization’s already “integrated network.”

The exact financial terms of the new partnership have not been publicly disclosed, but Reuters reported that UPS noted the price was “significant.”

The outlet also noted that FedEx had made an estimated $2 billion annually from its contract with the USPS.

FedEx, meanwhile, said on Monday in a securities filing that they were “unable to reach agreement on mutually beneficial terms to extend the contract” and that it would make adjustments to make up for the loss.

In Q4 2023 earnings, UPS reported consolidated revenues of $24.9 billion, down significantly (7.8% roughly) from the $27 billion it brought in at the same time last year.

Quarterly consolidated operating profit came in at $2.5 billion in Q4, a 22.5% drop from the same time in 2022.

“2023 was a unique and difficult year and through it all we remained focused on controlling what we could control, stayed on strategy, and strengthened our foundation for future growth,” UPS CEO Carol Tomé said at the time.

UPS was down over 23% year over year as of Monday late afternoon.

https://www.entrepreneur.com/business-news/ups-replaces-fedex-as-primary-air-cargo-provider-for-usps/471998

Tesla Sales Expectations Lowered as the EV Company Looks to a Build More Affordable Vehicle

Analysts are lowering their estimates on Tesla’s car deliveries this quarter, as some even prepare for the electric vehicle company’s first sales decline in 4 years, reports Bloomberg.

Tesla is expected to disclose its first-quarter delivery and production numbers this week, according to Investor’s Business Daily. Analysts who spoke with Bloomberg expect Tesla to deliver an average of 449,080 electric cars in the first quarter of 2024, down from the record 484,507 deliveries Tesla reported in Q4 but higher than the 422,875 deliveries Tesla announced at the same time last year.

Financial data firm FactSet sets a higher estimate, at 457,000 deliveries, according to Axios.

^{Tesla CEO Elon Musk at the opening of a Tesla electric car manufacturing plant in Germany on March 22, 2022. Photo by Christian Marquardt – Pool/Getty Images}

On Monday, Tesla also raised prices in the U.S. for its Model Y electric car, which was the world’s bestselling car last year according to data collected by automotive business intelligence company JATO Dynamics. It was the first electric car to hold that distinction. The base Model Y now costs $44,990 without a federal tax credit.

Tesla is on the road to a more affordable electric car, with founder Elon Musk telling investors in January that the company was ramping up to create a next-generation EV to appeal to a broader audience. The car could be built as soon as the second half of 2025, according to Musk.

“Once it’s going, it will be head and shoulders above any other manufacturing technology that exists anywhere in the world,” Musk claimed on the January earnings call.

Slowing Tesla expectations could be the result of more competitors in the electric vehicle space, declining demand for the cars from the public, rising interest rates — or even founder Elon Musk’s reputation, per exclusive industry reports obtained by Reuters on Monday.

One exclusive report from market intelligence company Caliber showed that Tesla’s consideration score among U.S. buyers dropped from 70% in November 2021 to less than half of that (31%) in February. About 83% of Americans connect Musk with Tesla, according to Caliber surveys.

Another survey that analytics firm CivicScience shared exclusively with Reuters indicated an increase in the percentage of buyers who could be steering away from Tesla as founder Elon Musk’s public moves and statements, such as buying Twitter, potentially affect Tesla’s brand.

The survey found that 42% of respondents viewed Musk unfavorably, up from 34% two years ago.

Ed Kim, president of consultancy firm AutoPacific, told Reuters that a small, but growing group of EV buyers “are increasingly put off by Elon Musk’s behavior and politics and are now finding viable alternatives to Tesla in the marketplace.”

Despite the reports, Musk is currently the most-followed person on X with 179 million followers. He became the sixth person to cross the 100 million follower mark in June 2022.

https://www.entrepreneur.com/business-news/tesla-sales-estimates-lowered-work-continues-on-cheaper-ev/471977

These Are the 5 Most Unaffordable U.S. States to Buy a House, According to a New Report

The U.S. is not an affordable place to own a home these days, and middle-class Americans are feeling the pinch.

According to a new study by Bankrate, in 22 U.S. states, and Washington D.C., homebuyers need to have an income of at least six figures to afford a median-priced home.

Citing high mortgage rates, rising prices of homes, and low housing inventory, the study found that, on average, Americans need an annual household income of $110,871 to afford the median price of a home in the U.S. which is now $402,343 — a 46% increase from just four years ago.

“Affordability is the biggest issue — finding a home that’s in your budget,” said Jeff Ostrowski, Bankrate housing market analyst. “The higher the price of a home, the harder it is to come up with the down payment or to qualify for the monthly payment. Home values are near record highs, and if you want a house, you have little choice but to pay a high price.”

What’s the most unaffordable state for aspiring homeowners?

It’s California, of course, where aspiring homeowners must earn at least $197,057 to afford a median-priced house in the state.

According to most recent U.S. Census data, the median household income in California for 2022 was $91,905, over $100 less than the median income needed at present time to purchase a median-priced house.

The second most unaffordable state in Bankrate’s study was Hawaii, with a necessary median household income of $185,829 to afford a median-priced home.

Low inventory combined with high interest rates is contributing to the unaffordability crisis in the country, experts say, but some Realtors think despite the rough conditions, the market won’t necessarily get better once conditions change.

“If rates go down just another percentage point — that’s what I’m hoping for by year-end — prices are going to go through the roof,” said real estate maven and “Shark Tank” star Barbara Corcoran in an interview with Fox Business Network last week. “Everyone’s going to charge the market. And so if you wait for interest rates to come down another point, I don’t think you’ll gain, I think you’ll wind up paying more.”

Here are the top five most unaffordable states to buy a home, according to the report:

1. California

Must earn $197,057 to afford the state’s typical monthly mortgage.

2. Hawaii

Must earn $197,057 to afford the state’s typical monthly mortgage.

3. Washington, D.C.

Must earn $167,871.

4. Massachusetts

Must earn $162,471.

5. Washington State

Must earn $156,814.

https://www.entrepreneur.com/business-news/these-us-states-are-the-most-unaffordable-to-buy-a-house/471982

Lisa Vanderpump Says If You Want to Run a Business, Get Some Thicker Skin

You don’t have to watch Bravo to know Lisa Vanderpump.

Sure, the Bravolebrity debuted as a “Real Housewife of Beverly Hills” in 2010 and spent nine seasons “wearing the crown,” but she also is a longtime restauranteur who owns and operates five restaurants including two in Las Vegas (Vanderpump Cocktail Garden and Vanderpump à Paris) and SUR Restaurant and Lounge in West Hollywood — the inspiration for “Vanderpump Rules,” which premiered in 2013 and is still in production (currently airing its 11th season).

She also co-owns TomTom Restaurant and Bar and opened Wolf by Vanderpump in Lake Tahoe last month, which she says is more “curated” and “bespoke” with a menu crafted and changed for each season. And this summer, she’s set to open Pinky’s by Vanderpump, a 7,000 square-foot Art Deco-style restaurant in the iconic Flamingo Hotel on the Las Vegas strip.

In addition to the restaurants, Vanderpump also founded the Vanderpump Dog Foundation and beverage brands Vanderpump Wines and Vanderpump Vodka — all of which contribute to a massive Vanderpump empire.

“I just have a lot on my plate,” Vanderpump tells Entrepreneur. “You know, it’s exciting for me, I’m happier that way.”

And then there’s the Villa. Although the British native has lived in Los Angeles for decades, her latest show, “Vanderpump Villa,” which is slated to premiere on Hulu on April 1, takes viewers (and Vanderpump) to France, where cameras roll as the staff of the exclusive and luxurious Chateau Rosabelle, which Vanderpump and her team created at the famed French Château St. Joseph for three weeks, for work (and play) in the middle of the French countryside.

Vanderpump says the show is “definitely complicated” because it combines a dozen young people living and working together with guests checking in for their stay.

“It’s a beautiful show, and it’s an immersive experience,” Vanderpump says. “It was a lot of fun, it’s a little bit of escapism.”

Still, immersive escapism is the bread and butter of all of Vanderpump’s backed ventures — step into one of her restaurants and you’ll feel as if you’ve been transported to another land of whimsy and magic, or as Vanderpump calls it, “naughtiness.”

For example, Vanderpump à Paris in Las Vegas, which was just voted the 11th most photographed restaurant in the U.S. by Yelp users, is situated next to the slot machines in Caesar’s Palace, but once inside you’re transported to the streets of France with umbrella chandeliers, marble countertops, and lush velvet finishings.

“People don’t pay enough attention to ambiance — lighting is key,” she said.

Vanderpump says she does not have an assistant and is “hands-on with everything” in her projects.

Another key to her growth is making each venue unique while also making the space an extension of who she is and what she would want for her own place. After all, as her “Housewives” Season 3 tagline said, life isn’t all diamonds and rosé, but it should be.

“Of course, I’m a producer — I want beauty, I want excitement. I want great music, I want extraordinary flowers, I want great tablescapes. But I would want that in my life anyway … It was always like that before the cameras were on,” she says. “You have to always bring your style to something, make it yours, and make it different. I don’t like corporate things. I like the feeling of unique experiences.”

But life hasn’t all been gardens and roses. Viewers watched as her friendships imploded on “Housewives” before she left the show, and the Covid pandemic was “a nightmare” for Vanderpump’s businesses, she says.

She had to shutter the doors of her beloved Hollywood hotspot (and first Los Angeles restaurant) Villa Blanca in March 2020 after 12 years in business, while her cocktail garden concept, Pump, shut its doors in 2023.

For Vanderpump, being a reality star has led to a built-in customer base for her businesses, but it also comes with the added responsibility of millions of eyeballs on special media and the publicity that comes as a result of her (and her employees) being in the public eye.

Sometimes that’s to her benefit, and sometimes, not so much.

“The competition is so tough out there, it’s not for the faint-hearted,” she said. “You have to develop a thick skin. That’s very, very important.”

Still, there are a few rules Vanderpump sticks to when it comes to business. First, you have to love what you do.

“I think that if you’re really doing something that you love, your passion for that is your motivation,” she said while adding that sometimes life can be like a game…of tennis.

“If you don’t like doing something, it’s like playing tennis. If you like playing tennis, you’re going to run for that ball just because you want to hit it,” she mused. “But if you’re not motivated, you’re not excited by what you’re doing, then you don’t put the energy into it. Whereas the things I do, I’m excited. I don’t care how long I work. I don’t care how hard I work. I will get it done.”

But in the end, it’s all about staying “focused.”

“If things go wrong, you learn from it. There’s the good, the bad, and the ugly, and everything really, isn’t there,” she said. “Sometimes it’s overwhelming … If you really get going and get on it, you’ll be surprised by how much you can accomplish.”

https://www.entrepreneur.com/business-news/lisa-vanderpump-is-not-leaving-las-vegas-opening-new-venues/471912

Elon Musk’s Newest AI Chatbot Outperformed ChatGPT in One Key Area

Nearly two weeks after Elon Musk’s xAI startup opened up the AI model behind Grok to the public, its AI chatbot is set to get an upgrade.

The company announced Grok-1.5 on Thursday and claimed that its latest model can understand longer documents, handle more complex prompts, and perform more advanced reasoning.

While Grok-1.5 appears to be a step up from the original 1.0 with improvements in coding and math skills, its announcement post shows that it still lags behind Google’s Gemini Pro 1.5 AI, OpenAI’s GPT-4, and Anthropic’s Claude 3 Opus in some benchmark tests, while outperforming OpenAI on one key HumanEval test.

Grok-1.5 scored higher than GPT-4 on the HumanEval benchmark, which consists of 164 challenging programming problems not included in the AI model’s training data. GPT-4 had a score of 67% and Gemini Pro 1.5 scored 71.9%, while Grok-1.5 received 74.1%.

^{Elon Musk’s xAI company is set to release a new version of the Grok AI chatbot, a ChatGPT competitor. Photo by Jaap Arriens/NurPhoto via Getty Images.}

With a score of 81.3% on the MMLU test, which covers knowledge of 57 subjects from an elementary to an advanced level, Grok-1.5 performed close to Google Gemini’s score (83.7%).

It also scored close to GPT-4’s score of 52.9% with a score of 50.6% on the MATH test, a benchmark that covers grade school to high school math competition problems.

Musk stated in a Friday social media post that Grok 1.5 should be available on X, formerly Twitter, by next week.

The X owner has high expectations for the next generation of Grok, writing that the next step after Grok-1.5 will outperform the AI currently available “on all metrics.” Grok 2 is “in training now,” he wrote in the post.

Grok AI is currently only available to those with a $16 a month or higher Premium+ subscription on X.

Musk sued OpenAI, a competitor of xAI, earlier this month and asked for a court ruling that would force OpenAI to make the research and technology behind its AI public.

https://www.entrepreneur.com/business-news/how-elon-musks-new-grok-ai-stacks-up-against-competitors/471906

A Cult-Favorite Theater Chain Is Reportedly Looking For a Buyer After Emerging From Bankruptcy

Nostalgic movie theater chain, Alamo Drafthouse, is reportedly shopping for a buyer.

According to Variety citing two anonymous sources, the Texas-based chain has approached “several Hollywood studios” to possibly purchase the company.

Alamo Drafthouse is popular among moviegoers for being one of the first chains to offer in-theater dining while watching a movie, offering local draft beers, craft cocktails, and an extensive food menu.

The company filed for Chapter 11 bankruptcy protection amid the pandemic in March 2021 but emerged later that year in June 2021 after being sold to Altamont Capital Partners.

Though the company shuttered its Phoenix location and other “underperforming” venues during the pandemic, it has since opened five new theaters in major cities including Washington, D.C., and Chicago.

“We’re so thrilled to be reopening theaters across the country and welcoming back audiences for an unparalleled moviegoing experience with films we’ve been eagerly awaiting for over a year now,” said Alamo Drafthouse CEO Shelli Taylor at the time. “It’s incredibly exciting to be back on that path so we can bring the Alamo Drafthouse experience to new locations around the country.”

According to Deadspin, the top-performing locations last year were located in Brooklyn (New York), Downtown L.A. (California), Springfield (Missouri), Manhattan (New York), Raleigh (North Carolina), and Austin (Texas).

Alamo currently has 41 theaters across 13 U.S. states.

Alamo Drafthouse brought in $134 million last year at the box office, a 25% increase from the same time the year prior.

Neither source specified how much the chain is seeking for a sale. So far, there have not yet been any public bidders.

Alamo Drafthouse did not immediately respond to Entrepreneur’s request for comment.

https://www.entrepreneur.com/business-news/alamo-drafthouse-cinema-is-reportedly-looking-for-a-buyer/471908

This Recruiter Uses a Late-Night Text Message to See if Candidates Are a Good Fit for a Job

^{This article originally appeared on Business Insider.}

You go to a job interview at 1 p.m.

At about 10 p.m., you get this text: “Hey, Tim. This is Ben. I work at Vanderbloemen. I was out of the office today. I heard you were there. Heard that everyone was really impressed with you. I’m sorry I didn’t get to meet you. I would love to connect with you sometime. Hope that can work.”

Do you reply? If so, how long does it take you?

Your decision might affect whether you’re hired.

The test’s creator and occasional proctor is William Vanderbloemen. He runs an executive-search firm in Houston. Vanderbloemen’s company uses the text-message test after job interviews for certain roles at his own hard-charging firm or for jobs where clients expect workers to be super responsive.

Texting back quickly might up your chance of snagging the job, at least at Vanderbloemen’s 45-person firm.

Sounds simple enough. But the text is also a reminder of the always-on pressure that’s pushed some workers to ditch hustle culture. Trial by text message joins other offbeat quizzes meant to help determine whether a job candidate should get an offer letter. There’s the spouse interview over dinner. And there’s the coffee-cup test: A hiring manager shows those who come for interviews where the kitchen is, offers them a coffee, and then rejects those who don’t bus their dishes afterward.

The text-message test is also a reminder of how it can be difficult to land a job even as the overall US unemployment rate is low and many industries are hard up for workers. But in areas like tech, where many big employers have trimmed jobs in the past couple of years, some workers are left sending out huge numbers of résumés. And when job seekers do get a bite, interviews can drag on for round after round.

Vanderbloemen is quick to note that how you respond — or don’t — to an after-hours text from someone saying they’re with his firm won’t keep you from getting a job. And he said that even responding within 24 hours would put most candidates far ahead of their competition. “We’re just terrible as humans at responding,” he said.

But text back within the one-minute response time his sales and marketing teams operate by? “Then we’re like, ‘Yeah, no, he might be the same kind of crazy that we are,'” Vanderbloemen said. “Is that normal for every job? No. Would it work for every company? No.”

The test came about after Vanderbloemen hired some people who seemed promising but then didn’t deliver on the company’s fast turnaround time for clients, which he said is essential for some roles. That led Vanderbloemen to determine he had to measure for speed — before making a hire — for jobs in areas like sales and marketing.

So about a decade ago, Vanderbloemen asked one of the people on his team to text someone who’d been great in an interview. The colleague sent the text at about 10:30 p.m., and the candidate responded right away. Bingo.

William Vanderbloemen. Courtesy Vanderbloemen Search Group via BI

Vanderbloemen, the founder and CEO of Vanderbloemen Search Group, decided the text-message test could be a good measure of whether a candidate would mesh well with a client with a move-fast culture. He compared it to pulling off a successful organ transplant by finding tissue that matches. “Oh, you do things the way they do,” he said. “Doesn’t make it normal. Doesn’t make it right. But you guys match each other.”

Switching the interview location

Vanderbloemen doesn’t rely just on the text-message test. One time, in New York City, he got turned around and realized he didn’t have time to make it to the coffee shop where he’d planned to meet a job candidate. So he contacted the man and asked whether they could meet somewhere else. The man responded: “No, I don’t mind. I like change.”

Vanderbloemen was impressed. Now he’ll sometimes change the location of an interview 30 minutes before it’s set to take place to see how a candidate responds.

He said it’s not something he does all the time. Some jobs don’t require that kind of flexibility or speed. Even with the text message, he said, it’s often someone at his firm, not him, who might send it. As the boss, he realizes it’s more intimidating if it comes from him. “It’s not fair because I’m the guy with the name on the door, and now I am being kind of just abusive,” he said.

Setting up some rules

Vanderbloemen, who has a degree in religion and philosophy, said his company has guidelines meant to protect its workers from needing to be on at all hours. After-hours emails should get a response within 24 hours, he said. Evening Slack messages are rare but should get a response that night “because that’s like Defcon 3,” he said. “Defcon 2 would be if I text you after hours, I need an answer like now,” he added. “And if I call you after hours, pick up.”

He said the firm enforced the rules. It meant he and some colleagues had to quit a group text about “Game of Thrones” on Sunday nights.

Vanderbloemen said the text-message test still has its place in a world where some workers are trying to avoid being on call all the time.

“For our company, particularly certain teams within our company, it’s a direct indicator to us of whether you are dysfunctional like us,” he quipped.

https://www.entrepreneur.com/business-news/recruiter-uses-after-hours-text-test-to-weed-out-candidates/471904

Here’s the First Picture of Apple’s New Device That Updates iPhones While They’re Still in the Box

Apple’s time-saving new device called Presto, which allows iPhones to be updated with the most recent software while still in the box, has gone from a leak to possible photographic proof.

A new picture from tech news site iGeneration shows what Presto reportedly looks like — and the device has been compared to everything from a toaster to a metal cubby.

According to iGeneration, Presto is a stackable small locker with two shelves per unit that can hold up to 6 iPhone boxes. It allows iPhone buyers to save 20 minutes of having to install updates after purchasing so they can use the phones right out of the box.

The photo shows a sleek column of Presto devices stacked vertically, almost like a high-tech bakery cart or bookshelf. The tower contains boxed iPhones, with what appears to be three boxes per row.

^{Apple’s Presto system. Source: iGeneration}

The Presto system first leaked in October when Bloomberg’s Mark Gurman revealed that Apple was planning a new system for its stores that would update iPhones before they were sold.

Apple has created “a proprietary pad-like device” that can power on the iPhone, update it, and then power it back down, Gurman wrote at the time.

Some users have mixed feelings about Presto, with cybersecurity specialist Michael Robert telling Lifewire that while Presto “does solve the minor frustration of waiting for updates, I don’t believe it addresses a widespread pain point that consumers truly care about.”

Others are more enthusiastic about the system. George Nicholson, founder of Juno Telecoms, told the same publication that “waiting in-store for updates to complete can be a frustrating experience for customers.”

Gurman’s Bloomberg newsletter this week covered that Presto uses MagSafe and other wireless tech to make the in-box updates happen.

According to Gurman, Apple started testing Presto last year and plans to roll it out across U.S. stores in April, with broader plans to have the device in all of its U.S. retail stores “by early summer.”

https://www.entrepreneur.com/business-news/apples-new-device-updates-iphones-in-the-box-picture/471896

Sydney Sweeney Reveals She Paid Off Her Mom’s Mortgage: ‘I Always Dreamt of Being Able To Take Care of My Parents’

Actress Sydney Sweeney’s recent movie, “Anyone But You,” hit a milestone of more than $200 million at the box office. Now the 26-year-old is disclosing how she’s using her financial success to pay back to the people she owes it to the most — her parents.

“I recently paid off my mom’s mortgage,” Sweeney, 26, told WhoWhatWear. “As a kid, I always dreamt of being able to take care of my parents, so that was a really big thing for me to be able to do.”

Sweeney says her family is close and when she has time off, she hops on a flight home to Spokane, Washington. She also spends her time with her parents Lisa and Steven Sweeney who are divorced.

“I try to incorporate [my family] into my life as much as possible, whether it’s talking with my cousins every other day or going home,” she said. “My quote, unquote success didn’t come until I was in my 20s, so my parents didn’t really get to [experience it with me].”

Sweeney has not disclosed what she makes per episode on the hit HBO drama “Euphoria,” but noted in an interview in July 2022 that she couldn’t afford to take time off from work.

“If I wanted to take a six-month break, I don’t have income to cover that,” she told The Hollywood Reporter at the time. “They don’t pay actors like they used to, and with streamers, you no longer get residuals. The established stars still get paid, but I have to give 5% to my lawyer, 10% to my agents, 3% or something like that to my business manager. I have to pay my publicist every month, and that’s more than my mortgage.”

According to Celebrity Net Worth, Sweeney is worth an estimated $10 million.

https://www.entrepreneur.com/business-news/sydney-sweeney-reveals-she-paid-off-her-moms-mortgage/471903