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☆ Gen Z Status Symbol: Why Everyone Is Getting Botox Injections
▼ + stars: | 2024-05-02 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +9 min

The faces that hold social currency on social media — with fox-lift brows and buccal fat removed — are increasingly bleeding into real life. AdvertisementEven before the remote-work boom, writers noticed social media was shaping the way people looked. The shift from surgical procedures to minimally invasive injections has also made cosmetic work safer and more available to average people. "The gap between the identity we present on social media and the self we see in the mirror is growing," Widdows told me. As more people get cosmetic work done, the rest of us lose touch with what's normal.

Persons: it's, Z, It's, Heather Widdows, else's, Snapchat, Anne, Mette Hermans, Widdows, Gen Zers, Hermans, you've, we've Organizations: American Academy of, New Yorker, University of Warwick, American Psychological Association, Boston University School of Medicine, City University of London, Tilburg University Locations: Instagram, United States, Netherlands

☆ Gen Z Is Primed to Succeed at Starting Their Own Small Business
▼ + stars: | 2024-03-25 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

He was able to scale the business to more than $600,000 in revenue by 2018, when he graduated from high school. Before the internet, starting a business was a serious hassle. The problem wasn't that people weren't interested in starting a business: A 2016 EY study found that 62% of 18- to 34-year-olds had toyed with venturing into business ownership. That has made starting a business all the more appealing — and affordable — for prospective entrepreneurs. And with the plethora of digital tools we have today, starting a business is more accessible than ever.

Persons: Luke Lintz, Lintz, Bernhard Schroeder, Schroeder, Gen Zers, —, Martin Warner, Warner, GoDaddy, HighKey, Nicki Minaj, Kevin Hart, Khloé Kardashian, Tom Peters, Peters, " Schroeder, ZenBusiness, Gen, Zers, he'd Organizations: Apple, Shipping, Lavin Entrepreneurship, San Diego State University, Entrepreneurship, Dynamics Statistics, Business, Fast Company, Small Business Administration Locations: North America, China

☆ Gen Z Is Saving Money by Living With Parents; It's Going to Cost Them
▼ + stars: | 2024-02-26 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +11 min

There are 620,000 more adults living with their parents in the UK than a decade ago. In the US, the percentage of young adults living at home has climbed 87% over the past two decades, according to the US Census Bureau. More than one-third of Gen Z respondents in a 2022 Freddie Mac survey said it's something they thought they'd never be able to achieve. A similar share of young adults lived with their parents in the wake of the Great Recession in 2010 — 44%. For many young adults, living on your own is an important step to feeling grown up.

Persons: Bethany Clark, didn't, she's, Clark, they'd, Moody's, renter, Zers, homebuyers, Gen, Freddie Mac, millennials, Z, grads, We're, Amy Lewthwaite, Lewthwaite, shouldn't, I've, Sarah Obutor, who'd, Obutor, —, Gen Zers, Jeffrey Jensen Arnett, Arnett Organizations: Census Bureau, Bloomberg, Harris, National Association of Realtors, Bloomberg Businessweek, Guardian, Financial Times, Urban Institute, Northumbria University, Clark University Locations: Surrey, England, America, London, Georgia

☆ Side hustles are becoming young people's safety net amid so much economic uncertainty
▼ + stars: | 2024-02-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why side hustles are all the rage these days . Call it “overemployed light,” but working side jobs for some extra income is en vogue, especially for young people. For as much energy as they put into eliciting change, they also view their job as… just a job.

Persons: —, I've, Andrew Hollenhorst, we’re, hasn’t, Gen Zer, Jackie Mitchell, Mitchell, Business Insider’s Madison Hoff, Michell isn’t, Zers, don’t, Z, Eve Upton, Clark, Keida Dervishi, Jeremy Grantham, ” Grantham, Riley Wealth's Paul Dietrich, Bryan Erickson, Craig Hastings, Isabel Fernandez Pujol, Oppenheimer, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Citi, Boston Globe, Labor, Getty, Netflix, Walmart Locations: California, TikTok, New York, London

☆ Gen Z Is the Most Unsatisfied With Work; for Them, a Job Is Just a Job
▼ + stars: | 2024-02-13 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +11 min

And it could explain why Gen Z workers are so much more unsatisfied with their jobs than their older colleagues. Age plays a role in explaining the gap, but Gen Z is also entering the workforce at a unique time. In EY's 2023 Gen Z survey, more than 50% of Gen Zers said they were "extremely worried about not having enough money." For much of Gen Z, a job is just a job. In a Deloitte study from March, only 61% of Gen Z participants said their work was important to their identity.

Persons: Kimi Kaneshina isn't, Wyatt Co, Xers, Zers, millennials, Gen Zers, Aki Ito, That's, Kaneshina, Julia Kensbock, Kensbock, haven't, Kensbrock, —, Gen Z, Corey Seemiller, Seemiller, Felizitas, Z Organizations: Pew Research, Research, Business, University of Bremen, Bain, Co, Workers, Employers, Labs, CFA, LaSalle Network, Wright State University, YouTube, LinkedIn, Deloitte Locations: Southern California, Germany, TikTok, Felizitas Lichtenberg

☆ Gen Z is bringing a whole new vibe to the workplace: anxiety
▼ + stars: | 2023-12-11 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +12 min

Another Gallup survey found that Gen Z was the least engaged group in the workplace and the most burned out from their jobs. To cope, Gen Z employees are taking significantly more sick days than their older peers — often due to mental health. You don't know what you don't know. Lou Ali, 41, who manages Malcolmson and another Gen Z employee at the PR agency Honcho, said she was puzzled by what she saw as the paradox of Gen Z's workplace anxiety. She added, "You don't know what you don't know.

Persons: Emma Malcolmson, Malcolmson, Gen Zers, Gen Xers, millennials, Z, Gen Z's, Gen Z, Zers, —, Mele, Cloey Callahan, I'm Slack, Callahan, it's, Lou Ali, Ali, they've, Z's, Ellen Hendriksen, Hendriksen, there's, Henriksen, we'll, Michelle P, King, Eve Upton, Clark Organizations: Health, Safety, Deloitte, Gallup, Depression Association of America, Google, OnePoll Locations: Canada, New York

☆ Gen Z is the most financially savvy generation
▼ + stars: | 2023-11-06 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +12 min

AdvertisementAdvertisementIn a May survey from the CFA Institute, a global trade association for investment advisors, more than half of Gen Z respondents said they were already investing, and 82% of American Gen Z investors said they began investing before they turned 21. And while there are plenty of pitfalls and missteps that could plague young people along the way, Gen Z is shaping up to be the most financially savvy generation yet. The estimated $60 billion wipeout caused many Gen Z investors to lose big. AdvertisementAdvertisementWhile Gen Z may not always be drawn to the safest investment choices, it's certainly getting some hands-on learning. In many respects, Gen Z is coming of age at a good time, graduating into a booming job market with strong wage growth.

Persons: Gen, Gen Zers, Gen Xers, Zers, It's, —, they'd, stashing, Gen Z, Erin Lowry, Z, there's Venmo, Lowry, Charlie Pastor, finfluencers, Pastor, Taylor Price, Price, it's, I'm, Eve Upton, Clark Organizations: CFA Institute, Federal Reserve's Survey, Consumer Finances, Transamerica Center, Retirement Studies, PayPal, YouTube, CFA, IRA, Interactive, UK Royal Mint, Barclays Smart Investor Locations: Canada, Chipotle, BlackRock

☆ The death of hobbies
▼ + stars: | 2023-07-31 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +12 min

Research has found that hobbies can reduce stress, result in less severe disease outcomes, and even lead to a longer life. Baker believes that the replacement of hobbies with hustles stems from the way work changed when the pandemic sent everyone home. "If you're already on all the time, then why not try to get some money from that hobby," Baker said. But, she added, "One con is that you just don't have hobbies anymore because you've monetized them." And studies show that without hobbies, people are more likely to feel burned out and more stressed.

Persons: Tommy Wylde, Wylde, it's, I've, " Wylde, Wylde —, —, Erik Baker, Audrey Tang, Bankrate, Zers, Baker, Millennials, Gen Zers, Gen Xers, Grace Jicha Torres, Torres, Slack, you'll, Tang, he's, Eve Upton, Clark Organizations: eBay, Harvard, Bank of England Locations: Silicon Valley

☆ AI Voice Generators Are Fueling a Terrifying New Phone Scam
▼ + stars: | 2023-06-28 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +12 min

As soon as he heard his dad's voice, Eddie, a 19-year-old TikToker, knew something was up. But with AI, the voice on the other end of the phone can now sound eerily like the real deal. Plus, more people are making their real voice available to scammers: McAfee said 53% of adults shared their voice data online weekly. McAfee also found that over one-third of victims lost more than $1,000 in AI scams, with 7% losing more than $5,000. Then, the scammer can just type out whatever they want, and the AI voice will speak what is typed in real time.

Persons: Eddie Cumberbatch, Eddie, —, Eddie's, Eddie didn't, tricksters, scammers, McAfee, aren't, Richard Mendelstein, Stella, panicking, it's, Steve Grobman, Grobman, they've, Neil Gorsuch, Kamala Harris, Ally Armeson, cybercrime, Armeson, Eve Upton, Clark Organizations: Federal Trade Commission, People, FTC, McAfee, Google, Washington Post, Supreme, Cybercrime Support Locations: Chicago, Mexico City, Canadian

☆ Why Gen Zers and millennials are looking for second jobs
▼ + stars: | 2023-06-03 | by ( Josée Rose | ) www.businessinsider.com time to read: +4 min

The high cost of living is the "top societal concern" of Gen Zers and millennials, a Deloitte survey found. Financial concerns have pushed 46% of Gen Zs and 37% of millennials to find a second job. The 2023 survey of more than 22,000 Gen Zers and millennials around the world found the high cost of living is the "top societal concern" of both generations, with 51% of Gen Zers and 52% millennials reporting they live paycheck to paycheck. Also, 46% of Gen Zs and 37% of millennials have taken on either a part- or full-time paying job in addition to their primary position, according to the survey. A March survey of 1,009 adults ages 24 to 35 by TIAA Institute found that 51% of Gen Zers and millennials don't expect to do as well financially as their parents.

Persons: Zers, Gen Zs, They're, —, Gen Zers, Zs, Michele Parmelee, Eve Upton, Clark, It's, millennials, Upton, Erik Baker Organizations: Deloitte, Service, Amazon, TIAA Institute, Harvard

☆ Gen Z Fast Fashion, Live Shopping, Clothes Addiction Destroying Planet
▼ + stars: | 2023-05-17 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

The Gen Z paradoxGen Z's economic power is growing faster than other generations, according to Bank of America. In the US, fashion is the preferred category for entertainment spending among Gen Z, outranking dining out, video games, and music. A 2021 McKinsey survey found that 42% of American Gen Zers said they didn't even know what makes clothes sustainable. In addition to pushing people to buy more clothes, the buy-now, think-later model of live shopping also encourages people to buy clothes that are worse for the planet. To solve that problem, she founded Viviene New York in 2022, a Gen Z-led marketing agency that helps sustainable brands connect with Gen Z audiences through social media.

☆ 10 Things in Tech: Amazon is offering money to pick up your order, ChatGPT writes a “Succession” scene, and tips from an OnlyFans creator
▼ + stars: | 2023-05-10 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

Amazon Astro Amazon1. Internal documents revealed that Amazon plans to make Astro "more intelligent, more useful, and conversational." The project is internally called "Burnham" and is the latest example of Amazon's push to bring AI to its services and products. Internal documents signal that Amazon is pretty confident that this is a major upgrade to the home robot. Amazon is offering $10 for you to pick up your own order.

☆ Generation Hustle: Gen Z Is Reshaping Work With More Jobs, Side Hustles
▼ + stars: | 2023-05-09 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

In the midst of an uncertain economy and precarious job market, Gen Z is turning up the hustle. According to a 2022 survey commissioned by Microsoft, 48% of Gen Z respondents were juggling multiple side hustles at once. Broken promisesWhile young people often work multiple jobs through college and early in their career, Gen Zers are extending the work hustle into their formal careers. But after watching that dream die for millennials, Gen Z isn't buying into what they view as a broken social contract. "So Gen Z has seen there's other ways to make money, even as a kid, through platforms like YouTube."

☆ Google workers tell Sundar Pichai “don’t be evil” while conducting layoffs.
▼ + stars: | 2023-03-21 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

While I daydream about getting my culinary education partially comped too, let's dive into today's tech. Googlers tell CEO Sundar Pichai: "Don't be evil." But more than 1,400 Googlers asked their CEO to continue the spirit of the adage by handling layoffs better. They cited Ukraine as an example and urged Pichai to offer extra support for workers who hold work visas. Today, Vice Media is scrambling for a buyer, and its future will likely be determined in the coming months.

☆ Romance Scams Are Booming — Especially on Facebook and Instagram
▼ + stars: | 2023-03-20 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

Americans lost $1.3 billion to romance scams last year — an 164% increase from 2019 — and $3.3 billion in total since the start of the pandemic. According to the FTC report, the most popular way scammers reached out to their victims last year was through Instagram (29%) and Facebook (28%). And as these schemes get more widespread and more complex, the number of people falling for romance scams keeps growing. Confluence of crypto and romanceIf loneliness was the reason "why" for the soaring number of romance scams, then crypto is the "how." 1 payment method for romance scams last year was cryptocurrency.

☆ How Gen Z Is Rewriting the Job Rulebook on 'Résumé Gaps', Career Breaks
▼ + stars: | 2023-01-03 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +11 min

Most people are familiar with the scourge of the résumé gap. Young entrants to the workforce are leading a new conversation about the workplace, and the long-scorned résumé gap is no exception. Instead of viewing it as a negative, many Gen Zers are arguing that career breaks are positive and forcing employers to reconsider their preconceived notions about the résumé gap. The pesky résumé gapWhile job candidates have papered over résumé gaps for years, taking a break during the long march of a career is not uncommon. For those looking at working well into their 70s, a career gap, or two, simply makes sense.

☆ 'Making $10k a month is not that hard': How TikTok influencers are luring followers with deceptive promises of side-hustle riches
▼ + stars: | 2022-10-17 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

And some of the dollar amounts passive-income influencers are touting in their posts are eye-popping. Even when the stakes are somewhat lower, passive-income influencers fail to give viewers the full picture. While this method cuts out some of the upfront costs, making money on digital products is still incredibly difficult. Making money as an entrepreneur takes hard work, skill, and a bit of luck — but that message doesn't sell as well. What does sell is the new American dream of making money in your sleep — and side-hustle promoters are more than happy to keep selling it.

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