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☆ Don't feel too sorry for Gen Z — they're outpacing boomers on income and millennials on home ownership
▼ + stars: | 2024-05-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But things might not be as bad for Gen Z as they seem. Members of Gen Z are projected to spend more on housing costs like rent, mortgages, insurance, and utilities after inflation between the ages of 22 and 30 than millennials did, a recent RentCafe analysis found. Related storiesYet Gen Z's typically higher earnings mean they'll only spend an estimated 30% of their income on housing compared to 36% for millennials. AdvertisementSuccess may be short-livedIt's worth digging into why Gen Z is doing well financially.

Persons: —, Gen Z, Z, boomers, Gen, millennials, They've, lockdowns, Zeds Organizations: Service, Business, Reserve, millennials

☆ Americans aren't having enough kids. That's bad news for the economy — and immigration may be the answer.
▼ + stars: | 2024-02-21 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

China, Japan, and Italy are all battling dwindling birth rates — and their struggles are a reminder of an issue that could eventually become a problem for the US. Elon Musk, with his three-year-old son X AE A-Xii at the 2024 Super Bowl, thinks low birth rates pose a risk to civilization. Meanwhile, economists have warned for years about plunging birth rates in Italy . AdvertisementChina has also struggled to raise its birth rate. Congress has also played up the potential for immigration to boost the economy over the longer term.

Persons: —, millennials, Zeds, Zers, you’ve, Marc Ostwald, That’s, Elon Musk, Musk, X, Rob Carr, Italy party’s, ”, ADM’s, Donald Trump, Joe Biden, “, ” Ostwald, Martin Heinrich Organizations: Service, United Nations, Business, ADM Investor Services International, Congressional, Republican, Democrat, Economic Committee Locations: China, Japan, Italy, India, “ Japan

☆ Finances are keeping some Gen Z and millennials up at night, survey finds
▼ + stars: | 2023-11-23 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Gen Z and millennials are losing more sleep over their finances than older generations, a survey found. Less than half of Gen X and baby boomers said rising rent or home prices contributed to financial stress. Some 56% of Gen Z and 51% of millennial respondents to a survey by financial services company Empower published this week said their finances were keeping them up at night. Meanwhile, 62% of Gen Z and millennial respondents said rising contributed to their financial stress, while only 38% of older respondents said the same. Home ownership has long been more elusive for millennials and Gen Z.

Persons: Z, X, —, Gen Z, Gen Zeds Organizations: Service, Redfin

☆ Goldman Sachs mourns a 27-year-old analyst who was found dead in a New York creek after he hadn't been seen since leaving a Brooklyn concert early Saturday
▼ + stars: | 2023-08-02 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

John Castic, a 27-year-old Goldman Sachs analyst, was found dead in a Brooklyn creek Tuesday. Castic had been last seen early Saturday morning after leaving a Brooklyn concert venue. Goldman Sachs CEO David Solomon said the firm was shocked and saddened to hear of Castic's death. A 27-year-old Goldman Sachs analyst who was last seen early Saturday morning was found dead in a Brooklyn creek on Tuesday. Brooklyn Mirage didn't respond to questions from WPIX.

Persons: John Castic, Goldman Sachs, Castic, David Solomon, Solomon, John, Dawn, Jeff, —, Karl Clemente, He'd, Zeds Dad Organizations: New York Police Department, NYPD, Wealth Management, DePaul University, Brooklyn Mirage, Bloomberg, New, WPIX, Brooklyn Locations: Brooklyn, Jersey City , New Jersey, Newtown Creek, New York

☆ Body pulled from NYC waterway identified as missing Goldman staffer -NYPD
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: 1 min

Aug 1 (Reuters) - The New York City Police Department said on Tuesday that a body found in a New York City creek has been identified as missing John Castic, reportedly a Goldman Sachs (GS.N) staffer. "The Office of the Chief Medical Examiner will determine the cause of death," the NYPD said. Castic, 27, was last seen on Saturday at about 2:30 a.m. leaving a "Zeds Dead" concert at The Brooklyn Mirage in East Williamsburg, according to a Fox News Digital report. Reporting by Manya Saini and Ananya Mariam Rajesh in Bengaluru; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: John Castic, Goldman Sachs, Castic, Manya Saini, Ananya Mariam Rajesh, Sandra Maler Organizations: New York City Police Department, NYPD, Brooklyn Mirage, Fox News, Thomson Locations: New York City, East Williamsburg, Bengaluru

☆ 23-year-old's food businesses bring in $650,000 a year: 'I’m a brown kid with tattoos and no college education, and I’m doing it'
▼ + stars: | 2023-06-02 | by ( Ashton Jackson Tom Huddleston Jr. Zachary Green | Ashton Jackson | Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

[Editor's note: This story has been updated to reflect that Nico Vergara worked at Zeds Real Fruit Ice Cream before launching his business. And it all started with a small New Zealand-style "real fruit" ice cream cart in Portland, Oregon. Vergara helped manage a business, Zed's Real Fruit Ice Cream, that used the machine before starting his own in 2021. Most of that revenue — $473,000 — came solely from Nico's Ice Cream. One piece of equipment was particularly important: the ice cream blender, made by a Hope, New Zealand-based company called Little Jem.

Persons: Nico Vergara, Vergara, he'd, Jem Organizations: CNBC, Cream, Apple Locations: New Zealand, Portland , Oregon, Portland, Oregon, Washington, Mexican, Zealand, Hope , New Zealand

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