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☆ Many Gen Zers in their 'decisive decade' are leaving school and struggling to find work. They're part of America's disconnected youth.
▼ + stars: | 2024-05-05 | by ( Allie Kelly | Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Read previewYoung Americans are feeling increasingly isolated from their offices and classrooms, and these "disconnected youth" — or "opportunity youth" — may be ill-positioned for the future. Loneliness and a tough job market are leaving many Gen Zers feeling stuck, isolated, and unsupported. In fact, they're members of the disconnected youth — defined as Gen Zers who are not in school and not working. Disconnected youth are at risk of long-term stagnationMost Gen Zers — who are between the ages of 12 and 27 — are in this decisive decade. How to help disconnected youthAlthough many disconnected youth struggle with school and work, researchers cautioned against a "one size fits all" solution.

Persons: —, Gen Zers, Richard Reeves, Reeves, Zers, aren't, Zers —, Jonathan Zaff, Ian Rowe, Lara Aknin, Zaff, Zer, isn't Organizations: Service, Brookings, Business, Federal Reserve Bank of Dallas, National Center for Education Statistics, Boston University, American Enterprise Institute, Partnership Locations: North America, Brookings

☆ Meet the typical ALICE: Americans struggling to afford basic necessities but making too much to get help
▼ + stars: | 2024-04-24 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The South has the highest concentration of states with about 50% of residents below the ALICE threshold. They're either the youngest or oldest workers in the workforce, often single parents, and full-time workers — but they're still not making ends meet. Married adults with children tend not to be ALICE, as 80% reported being above the ALICE threshold. ALICE Americans are all across the country and in both rural and urban areasALICE Americans exist everywhere from the isolated countryside of the US to the country's biggest cities. The breakdown between urban and rural ALICE is somewhat consistent — the ALICE population makes up 30% of the rural population and 28% of the urban population.

Persons: —, ALICE —, ALICE, They're, they're, ALICE Americans, Gen, ALICE millennials, Xers, Stephanie Hoopes, United For ALICE, Still, Hoopes Organizations: Service, United Way's, Business, United For, ALICE, Nationwide, United Locations: America, ALICE, Florida, California, New York, Texas, Iowa

☆ 13 cities where hiring is growing — Florida and Texas lead, while the coasts are declining
▼ + stars: | 2024-04-09 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Hiring is increasing in smaller cities and large hubs in Florida and Texas, according to a Gusto analysis. Cities like Orlando, San Antonio, and Houston saw significant increases in hiring share. Whereas major coastal cities accounted for 35% of hiring before March 2020, this percentage is now about 29%. Meanwhile, Florida and Texas cities are on somewhat of a hiring spree. AdvertisementDid you move away from the coasts to Florida, Texas, or a smaller city?

Persons: —, Orlando, that's, Courtney Quinlan Organizations: Houston, Service, Rockies, San, Boise Locations: Florida, Texas, Northeast, California, Orlando, San Antonio, New York City, Los Angeles, Seattle, San Francisco, Jose, Washington, Miami, Austin, St, Louis, Midwest, Florida , Texas

☆ San Antonio experimented with giving people $5,108 no-strings-attached. They spent it on housing and school supplies for their kids.
▼ + stars: | 2024-03-14 | by ( Allie Kelly | Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Read previewWhen Monique Gonzalez received her money from the San Antonio guaranteed basic income pilot, she bought school supplies, shoes, and Christmas gifts for her children. San Antonio is one of several cities nationwide piloting guaranteed basic income programs. Ingrid Sullivan, a participant with four children and three grandchildren, told UpTogether that basic income allowed her to secure housing and reliable transportation. San Antonio participants also told UpTogether that the GBI payments significantly improved their mental health. Have you benefited from a guaranteed basic income program in San Antonio or elsewhere?

Persons: —, Monique Gonzalez, Gonzalez, UpTogether —, UpTogether, Ingrid Sullivan, Sullivan, GBI, Austin, Stephanie Hendon, she's, Jessica Nairns, Texas State Sen, Paul Bettencourt, John Gillette Organizations: Service, San Antonio, Business, Houston, Austin, Urban Institute, Texas State, Republican, House, Republicans Locations: San Antonio, Denver, Austin, Boston, Minneapolis, Durham, City, Antonio, Texas, Harris, City of Austin, Washington ,, Harris County, Dakota, Iowa, In Arizona, Arizona, Flint , Michigan

☆ Here's where boomers are retiring to
▼ + stars: | 2023-11-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Clearwater, Florida, topped SmartAsset's new list of where baby boomers are moving. All but two cities in the top 10 were in Florida, Arizona, or Nevada, though one was in Montana. Four of the top 10 cities — as measured by boomers who moved in 2022 as a percentage of the total population — were in Florida. Nearly 30% of Cape Coral's total population are boomers, while Clearwater is 27%. Over 28% of Scottsdale's total population are boomers.

Persons: —, SmartAsset, Xers Organizations: Service, Survey, Cape Coral, Oceanside —, U.S . News Locations: Clearwater , Florida, Florida , Arizona, Nevada, Montana, Florida, Arizona, Nevada , Montana, North Carolina, Orlando, Cape, St . Petersburg, Coral's, Clearwater, Mesa, Scottsdale, Reno , Nevada, Lake Tahoe, California, Santa Rosa, Billings , Montana, South, Billings, Montana's, America, Pennsylvania, Harrisburg, Reading, Lancaster, U.S, Surprise, Fort Lauderdale

☆ Moving to Tulsa: 4 transplants share how the small city has changed their cost of living
▼ + stars: | 2023-11-25 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +11 min

Through programs including Tulsa Remote, former Californians and New Yorkers are moving to Oklahoma. Some moved through Tulsa Remote, while others discovered the city on their own. For those moving through Tulsa Remote, the retention rate is around 76%. She moved to Tulsa in February 2020 independent of the Tulsa Remote program. He noticed some friends who also lived in an RV full-time eventually settled in Tulsa, and he decided to apply to Tulsa Remote.

Persons: —, Laura Landers, it's, Landers, She's, they've, " Landers, Corinne Gaston, Philadelphia Corinne Gaston, Gaston, she's, Faith MacNeil, Lansing , Michigan Faith MacNeil, MacNeil, didn't, Lansing —, Michael Boyink, Missouri Michael Boyink, Bob Dylan, he's, He's, Boyink Organizations: Tulsa, Oklahoma . Business, Service, Dallas, Housing Solutions, Rocket Homes, Business, Lansing, Michigan, Bob Dylan Center, Woody Guthrie Center Locations: Oklahoma, Los Angeles, California, Dallas, Tulsa, LA, Housing Solutions Tulsa, Tulsa County, California , Michigan , Missouri, Pennsylvania, Philadelphia, Lansing , Michigan, Michigan, Scotland, Glenpool, Lansing, Missouri, Boyink

☆ A Gen Xer moved to North Carolina to save money for retirement. Her beachfront home cost about half as much as her California property, but the weather doesn't compare.
▼ + stars: | 2023-10-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Sandra, a Gen Xer, recently moved from the Los Angeles area to the beaches of North Carolina. While the weather isn't as ideal, North Carolina has been a pleasant surprise. AdvertisementAdvertisementSandra decided that instead of retirement by the beaches of Los Angeles, she'd instead enjoy life by the North Carolina shore. Even though she said insurance is a bit higher in North Carolina given the prevalence of hurricanes, her taxes have been cut by around half. AdvertisementAdvertisementThe more diverse politics of her area — since North Carolina is a purple state — was also a plus over deep red South Carolina, she said.

Persons: Sandra, —, she'd, she's, doesn't Organizations: Service, Navy, Hilton, Ventura, AAA, Survey Locations: Los Angeles, North Carolina, East Coast, California, Massachusetts, East, Raleigh, Charlotte, Charleston, South Carolina, Carolina

☆ People are fleeing California and New York. Here's where they're moving.
▼ + stars: | 2023-10-27 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

AdvertisementAdvertisementOver 8.2 million Americans moved to a different state between 2021 and 2022, 100,000 of whom moved from California to Texas. New US Census migration data reveals thousands of Americans are leaving California and New York in favor of Florida and Texas. The California to Texas move remained high for 2021-2022, but on the flip side, only 42,000 Texas residents moved to California. AdvertisementAdvertisementAs New York City become more expensive and elusive, Jersey City has attracted thousands of New Yorkers into new housing developments. Many moved to communities with easy access to New York City without paying city prices — and many have stayed remote.

Persons: —, Zillow Organizations: Service, Texas ., Sunshine State, New Locations: Texas, Arizona, Washington, New, Florida, California, Texas . New, New York, Nevada , Washington, Oregon, Arizona , Washington, Nevada, Yorkers, Georgia, Knoxville, Greenville, New Jersey, New York City, Jersey City, Connecticut, —, Tennessee , Utah, South Carolina

☆ Californians are fleeing amid sky-high housing costs. Here are the top 10 states they're flocking to.
▼ + stars: | 2023-10-25 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Over 102,000 people left California for Texas during this period, many citing the state's lower housing costs are reasons for making the move. This has forced many California residents to spend a significant portion of their income on housing, cutting away at their savings. Another 74,100 left California for Arizona, in contrast to 27,400 Arizona residents who moved to California. Many are likely moving to Arizona for the state's lower cost of living, lower taxes, and employment opportunities in sectors like semiconductor manufacturing. Over 50,700 former California residents made the move cross-country to Florida — and over 28,500 vice versa.

Persons: — Organizations: Service, American Community Survey, Florida —, New Locations: California, Texas, Arizona, Florida, Washington, Nevada, New Jersey, Idaho, Tennessee

☆ The 10 cheapest states to retire in
▼ + stars: | 2023-10-14 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Meanwhile, Washington, DC, Massachusetts, California, and New York are the places where it costs more to retire comfortably. AdvertisementAdvertisementThe south and midwest — which are home to the states with the cheapest cost of a comfortable retirement — have among the lowest regional price parities, which show comparisons of buying power across states and metro areas for a given year. Alternatively, the typical home value in the states where it costs more to retire comfortably ranges from $425,011 in New York to $971,167 in Hawaii. It costs $121,228 to retire comfortably in Hawaii, the only state with a six-figure amount. Hawaii's higher transportation costs, limited housing, and elevated costs of goods that need to be shipped contributed to these high retirement costs.

Persons: —, GOBankingRates, Rowe Price Organizations: Service, of Labor Statistics, Social Locations: Mississippi, Oklahoma, Alabama, Hawaii, Massachusetts, Oklahoma , Alabama , Kansas, Iowa, Washington, DC, California, New York

☆ Hybrid work could be a win-win — if employers handle it right
▼ + stars: | 2023-10-09 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Hybrid workers consistently report less burnout at work, a better work-life balance, and more autonomy. Gallup also found hybrid workers have much higher employee engagement, lower turnover intentions, and better well-being compared with fully in-person workers. Rethinking remote work strategiesWhile the perks of including employees in hybrid work policies are notable, only 12% of hybrid employees surveyed say their team's hybrid work policies came about from a collaborative decision-making process, Gallup reported. AdvertisementAdvertisementTo craft a strong hybrid workplace, Gallup suggests creating a "workplace value proposition" such that hybrid policies are intentional and designed for bettering team cohesion while also empowering teams. What are your thoughts on how hybrid work impacts your productivity and team building?

Persons: Gallup, — Organizations: Service, Fortune, Gallup

☆ Loneliness and inflation are pushing Gen Z away from dating
▼ + stars: | 2023-10-07 | by ( Phil Rosen | Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Expensive dates, inflation, and loneliness are weighing on Gen Zers seeking romantic connections. AdvertisementAdvertisementBecause Gen Z grew up with Facebook, Instagram, and other social platforms, many 20-somethings have grown accustomed to instant connection. To that point, dozens of Gen Zers told Insider they're putting more effort into friendships and nonromantic social events to combat loneliness. Inflation hovered at 3.7% year over year in August, nearly double the 2% rate policymakers want, and it's weighing on Gen Z wallets. "Gen Z wants to find people in natural, organic contexts as friends first, and if something romantic happens, that's great," Lerner said.

Persons: Zers, Gen Zers who'd, —, Marianne Simpson, she'd, Simpson, Vivek Murthy, Z, Kellie Ammerman, Ammerman, Karin Kimbrough, LinkedIn's, Tinder, Bumble, Taylor Price, Price, daters, Gen, Cliff Lerner, Gen Z, Lerner, Andrew Yeung, Yeung, Maxine Williams, Williams, We're Organizations: Service, New, Facebook Locations: New York City, America

☆ The CEO of a Vietnam-based company explains why his team has a hybrid schedule when most companies in the country are back in the office
▼ + stars: | 2023-09-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A CEO in Vietnam offers his team hybrid work, unlike many other companies in the country. AdvertisementAdvertisementDaan van Rossum's company is quite different from many other companies in Vietnam: It offers hybrid work. Neither Japan nor South Korea imposed a full national lockdown, so many workers never needed to adjust to remote work. In many ways, Singapore mirrors the US in that many companies offer remote work, given the country's more advanced digitization. AdvertisementAdvertisementAt the end of the day, van Rossum said there's still no answer on whether in-person or hybrid work is best.

Persons: —, van Rossum, Van Rossum, Jones Lang LaSalle, Van Rossum's, Daan van Rossum, it's, Vietnam —, there's Organizations: Service, Center for Creative Leadership Locations: Vietnam, Asia, Netherlands, Ho Chi Minh City, Americas, Europe, Japan, South Korea, India, Malaysia, Philippines, Sri Lanka, Singapore

☆ Bosses are trying to get their employees engaged by hosting events like 'drag bingo,' but many Gen Z and millennial workers just want to be left alone
▼ + stars: | 2023-09-26 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Some Gen Z and millennial employees told Insider these efforts were out of touch. While not every office is hosting drag bingo, even simple gestures like a Friday team lunch could rub employees the wrong way. She said bosses have been successful when there are frequent check-ins between bosses and employees to discuss shared goals surrounding team building. AdvertisementAdvertisementBecause Gen Z workers tend to make career moves more frequently than their predecessors, bosses are adjusting their management styles, Maxwell said. "I've noticed that Gen Z wants even a higher level of connection than what I've seen previously as far as personally being able to connect, share their opinions," Maxwell said.

Persons: —, Emma, Emma couldn't, I'm, Mephy, Zer, Tim Cozier, Gen X, Kelly Maxwell, Maxwell, I've, Z, She's, Gen Organizations: Service, Gen

☆ Gen Z loneliness is so bad that some young adults are spending thousands trying to make friends through gym memberships and social clubs
▼ + stars: | 2023-09-25 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +10 min

In search of connection, young people are spending on gym memberships, social clubs, and art classes. Most said they spend more on social activities than pre-pandemic. All but three said they're spending more money now than they were before the pandemic on social activities such as art classes and gym memberships to make friends. The software engineer said he's increased his investment in social activities after struggling to make friends at work. Other Gen Zers told Insider they made connections through free gallery events, volunteering, and joining book clubs.

Persons: Zers, Lynette Ban, she's, Ban, Vivek Murthy, Richard Weissbourd, Weissbourd, Murthy, Rachael, Matt Schulz, William Cabell, Cabell, he's, Cabell isn't, Kazerouni, Kelly Lohr, —, Barley Vogel, there's, Rebecca Schweiger, Schweiger, Noureen Shallwani, Shallwani, Gen Zers, Zers don't, Lillian Lema, Bumble BFF, Lillian Lema Lema, BFF, She's, Margaux Duvall, Duvall, Alexandra York Organizations: Service, Soho House, Harvard Graduate School of Education, IRL, SEC, Studio Arts Dallas, Studio, The, Facebook Locations: Wall, Silicon, New York, Austin, Italy, Richmond , Virginia, Soho, Soho House's New York, Philadelphia, Maine, Portland , Maine, Ohio, Denver, nsheidlower@insider.com

☆ The 10 most affordable US cities for renters
▼ + stars: | 2023-09-25 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Jefferson City, MO, ranks as the most affordable metro area in the US for renters. Jefferson City, MO, ranked as the most affordable metro area for US renters, according to data from the US Census Bureau. For the top cities, Insider analyzed the share of residents with affordable rent, meaning the percent of residents who pay less than 30% of their income on rent. Around two-thirds of renters in Sheboygan and Appleton had affordable rent, while 63% in Racine had affordable rent. The data supports recent findings that wealthier Americans are moving to Montana and Idaho for more affordable rent.

Persons: Lucie, Louis Organizations: Metro, Service, Census Locations: Jefferson City ,, Ohio , Wisconsin, Wyoming, Wall, Silicon, Missouri , Wisconsin, Jefferson City, Missouri, Lima, Ohio, Wisconsin, Sheboygan, Appleton, Racine, Wyoming , South Dakota , Montana , North Carolina, Washington, Montana and Idaho, Florida, Homosassa Springs, Naples, Port St, Miami, Fort Lauderdale, York, Newark, Jersey City, Midwest, Northeast, Lincoln , Fresno, St, Tampa

☆ Nobody has figured out return to office, but Asia is winning the battle
▼ + stars: | 2023-09-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Asian nations are beating out the US in terms of office occupancy and days worked in-person. While office occupancy in the Americas sits at 49%, Asia-Pacific office occupancy is 79%, slightly above Europe at 75%, according to data from real estate services firm Jones Lang LaSalle. TikTok has cracked down on its return-to-office policy through a tool called myRTO, which monitors in-person office attendance. Japan and South Korea have perhaps figured out return to office the best at 0.5 and 0.4 days respectively. Are you a worker in Europe or Asia who has recently returned to the office or never worked from home?

Persons: Jones Lang LaSalle Organizations: Service, San Francisco and New, McKinsey Global Institute, Nikkei, Nikkei Research, Bloomberg, New York Times Locations: South Korea, Wall, Silicon, Asia, Europe, Americas, France, Greece, Germany, United Kingdom, Belgium, Spain, San Francisco and, San Francisco and New York City, Shanghai, Tokyo, China, Japan

☆ The next big challenge for bosses: Find the perfect balance between rigid 9-to-5ers and employees who want a more flexible schedule
▼ + stars: | 2023-09-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementA new Gallup poll released last Friday found a disconnect between want workers want and what bosses think they want. But in a survey of Fortune 500 chief human resource offices, they found a mismatch between what CHROs think employees want for their work schedule and what employees actually want. "For the past couple years, leaders have been working hard to woo remote workers back into the office," Pendell said. "That's likely put blender types in the forefront of their minds, even if blenders aren't necessarily the same as remote workers." When managers don't account for the work style preferences of their workers, it can lead to mismatches that can harm an organization's productivity.

Persons: Ryan Pendell, Gallup, they'd, Pendell, blenders Organizations: Service, Gallup, Fortune Locations: Wall, Silicon

☆ Congrats to New York workers: You may soon see just how underpaid you are
▼ + stars: | 2023-09-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Pay-transparency laws on the whole have helped companies develop healthier work environments, Ward said. AdvertisementAdvertisement"It can create a negative dynamic between new and old employees, and it can lead to really counterproductive comparisons of your peers, which ultimately demotivates those employees," Ward added. Over the past decade, dozens of laws were passed nationwide prohibiting employers from firing or reprimanding workers for publicly discussing salaries. Younger workers are more likely to discuss pay with their colleagues and friends — as well as on social media. Do you live in a state with pay-transparency laws?

Persons: they're, —, There's, Rachel Ward, We're, Ward, I've Organizations: Service, Orion Talent, Companies, Orion, Gartner, New York, Indiana Law Locations: York, Wall, Silicon, New York, California, Rhode Island, Washington, New York City, New, Indiana

☆ Under-the-radar burnout is crushing America's managers
▼ + stars: | 2023-09-09 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +6 min

A higher share of managers are looking for new roles than non-managers, Gallup found. This comes at a time when, overall, managers are experiencing higher levels of burnout and disengagement than their staff, the Gallup post said. "For many managers, they are being asked to communicate and enforce requirements that they personally may not prefer." AdvertisementAdvertisementAdditionally, compared to their staff, managers are more likely to be looking for a job, Gallup found. Managers are also more likely to feel like their organization cares little about their wellbeing, Gallup found.

Persons: Gallup, Gallup's Heather Barrett, Nela Richardson, Richardson, Heather Barrett, Barrett, — Organizations: Service, Gallup, Fortune, Companies, ADP, ADP Research Institute, ADP Research Locations: Wall, Silicon

☆ A Gen Z couple pays $1,300 for a New York City microstudio. Here's how they made it work for them and their cat.
▼ + stars: | 2023-09-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

A Gen Z couple each pay $650 a month for a microstudio they split in the East Village. They say looking out over bustling St. Marks Place makes the apartment even more special. They also have a fire escape that overlooks the main stretch of St. Marks Place, a bustling street with lots of nightlife. AdvertisementAdvertisementBoth partners said that sharing such a small space has helped their relationship. And the constant noise and commotion on St. Marks gives Wallace a certain peace of mind, she said.

Persons: they've, Elana Wallach, Luis Cortorreal, Wallach, Alexander Bruni, Cortorreal, Bruni, Elana Wallach Wallach, we're, Axel Webber, We've, it's, Marks, Wallace, I've Organizations: Service, Yorkers, Square Property Management Locations: East, St, Wall, Silicon, Baltimore, Manhattan, Queens, Marks, Brooklyn, Jersey City

☆ A Florida Gen Xer refused to go back to the office in California. He says he was 'quiet fired' and explains how to know if it's happening to you.
▼ + stars: | 2023-09-03 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A Gen Xer moved to Orlando, Florida, after his lab in California went remote in 2020. For the first few years, remote work went smoothly. After bringing remote workers back to the office, some companies are "quiet firing" employees who either moved away from the office or were hired for an initially remote position. At the same time, there appears to be a growing detachment between remote employees and their employers. I don't see a whole lot of negatives with remote work."

Persons: Xer, Stephen Taylor, Taylor inched, Taylor, couldn't, Ben Wigert, Wigert, doesn't Organizations: Service, Gallup Locations: Orlando , Florida, California, Wall, Silicon, Bay, Orlando, North Carolina

☆ Saving $100 a week from age 25 could give you over $1 million when you retire
▼ + stars: | 2023-08-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

The key to a comfortable retirement may be saving $100 a week starting at 25. The chart below shows how much you can save up by putting away $400 a month starting on your 25th birthday, assuming that historically reasonable 7% annual return. Putting this into perspective, if people saved just $100 a month starting at 25, they'd save over $250,000 by 65 because of compounding interest. This jumps to over $550,000 when saving $50 a week starting at 25, which highlights Milken's suggestion to focus on "holistic life planning." About 25% of Americans lack retirement savings, while half have no access to employer-sponsored retirement plans, The Motley Fool reported based on data from the Federal Reserve.

Persons: they'd Organizations: Service, Milken Institute, Transamerica Center, Retirement Studies, Federal Reserve, of Labor Statistics, Fidelity Locations: Wall, Silicon

☆ Here's where all the wealthy, young people are moving this year
▼ + stars: | 2023-08-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Wealthy Americans ages 26 to 35 are moving to Florida, Texas, and New Jersey. This was in contrast to the over 5,000 net young high earners who left New York, which still had the highest count of young high earners of any state. Despite losses of nearly 2,700 high earners, New Jersey netted over 1,000 wealthy, young professionals. Connecticut, which ranked sixth for net migration of young high earners, had a similar trend compared with all high earners. Washington, DC, exceeded Washington state at 16%, even though it lost nearly 700 young, wealthy professionals.

Persons: SmartAsset, Austin, Zer Organizations: New Jersey ., New, Service, New Jersey —, California ., Boston Locations: Florida , Texas, New Jersey, New Jersey . Austin, Jacksonville, Denver, New York, California, Wall, Silicon, Miami, Austin , Texas, Jersey City , New Jersey, Florida, Texas, Idaho, Montana, Jersey City, Hoboken, Connecticut, Washington, California . Washington, DC, Colorado, North Carolina, Tennessee, Dallas, Jacksonville , Florida, New York City, Chicago

☆ 2 millennials who have bought a combined 22 properties with friends and family explain how they got into real estate without waiting on a spouse
▼ + stars: | 2023-08-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Two millennials who bought homes with friends say "houses before spouses" is the way to go. They bought a beach house, lake home, and ranch house with friends, which they use for vacations. Since then Modares has purchased eight properties with friends and family that have variously served as rental properties and primary residences. Modares and Douglass run a "buying with friends" minicourse to encourage clients to explore less-conventional real-estate partnerships. AdvertisementAdvertisementThe critical part of homebuying with friends, they said, is the operating agreement, which outlines the terms and conditions of a real-estate partnership.

Persons: Kristina Modares, didn't, Modares, Steph Douglass, Douglass, minicourse, they're, homebuying Douglass, Austin's, She's, they've, that's, she'd, she's, — Douglass, they'd Organizations: Service, Open House Austin, Nationwide Locations: Wall, Silicon, San Antonio, Austin, Florida, homebuying, Airbnb

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