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☆ Companies are 'unbossing' the workplace, and millennial managers are getting axed
▼ + stars: | 2024-05-21 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewCompanies are increasingly ditching middle management positions, and it could be millennials who find their jobs are most at risk. While Galvin said the intent of reducing middle management is to streamline communication between employees and senior executives, the impact could be unfairly balanced. AdvertisementMiddle management positions accounted for almost a third of layoffs in 2023, according to an analysis for Bloomberg — an increase from 20% in 2018. It just so happens that a lot of middle managers are millennials. Many current middle managers are also burned out with their teams being downsized, and an increased workload.

Persons: —, it's, Lara Milward, Joe Galvin, Vistage, Steven Baert, It's, Galvin, Chris Lovell, Chris, millennials, Lovell, Zers, Milward, Joel Wolfe, HiredSupport, Millennials, Wolfe, Shoshanna Davis, unbossing, Davis, Gen Organizations: Service, Business, Novartis, Gallup, Bloomberg —, Technologies, SoFi Technologies

☆ Not finding love is a top worry for 1-in-4 Gen Zers, poll shows: 3 tips for coping with the fear of being single
▼ + stars: | 2024-05-17 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

A quarter of Gen Zers polled in February noted "not finding love" as their greatest worry, according to an EduBirdie survey of 2,000 participants from the generation. Finding a life partner was one of the biggest perceived challenges for 22% of those polled — a bigger concern for them than finding meaningful career opportunities. Some Zoomers seem to be getting married at younger ages and while they're jumping the broom and starting families, a number of unpartnered Gen Zers are dealing with anxiety about their romantic future. For Gen Zers looking for love, the playing field is a little different than that of Millennials when they were in their 20's. Really assess the quality of the connections in your life because loneliness can affect you even when you're surrounded by people.

Persons: Gen Z, Gen Zers, Zers, Lisa Marie Bobby, Bobby, Anastasiya, Pochotna, It's Organizations: CNBC

☆ Gen Z is bringing back digital cameras and the post-night-out photo dump
▼ + stars: | 2024-05-09 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

Digital cameras are regaining popularity among Gen Z, who seek authentic, unfiltered experiences. Profits from digital cameras are projected to grow by $1.4 billion between now and 2028. But things may have come full circle because digital cameras are back for Gen Z. AdvertisementLike Facebook albums but coolerDespite plummeting between 2018 and 2021, profits from digital cameras in the electronics industry since then have been steadily increasing. Business Insider's Amanda Krause named digital cameras one of the "quiet status symbols" you will likely see everywhere in 2024.

Persons: Gen Z, Zoomers, —, Amanda Krause, Gen Zers, Khurram, Hermione Whitehead, Whitehead, Kellie Whitehead, Hermione's, Kellie, Sharmin, Z's, It's, Greg Morrison Organizations: Service, Facebook, Gen, Revenue, Olympus, Bryant University, MXML, Zoomers Locations: Germany

☆ I tried the app TikTokers could embrace if a ban becomes reality — I'm not convinced it will attract Gen Zers
▼ + stars: | 2024-05-07 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

The app's founder, Edison Chen, described it as "a space for the older generations to feel more comfortable" in an interview with D Magazine last year and somewhere "the parents of TikTok users can express themselves." AdvertisementThe spokesperson said that since the House voted on a TikTok ban, Clapper has seen 30,000 new users. While the app heavily leans on Gen X and Y, the spokesperson said Clapper is adjusting its strategy "to appeal to younger audiences." It would remind me a bit of early Vine, but a lot of content I'm being served seems to be reposted old clips scraped from YouTube and other platforms. On Clapper, I'm watching without really thinking.

Persons: —, Joe Biden, Edison Chen, Chen, I'm, Zers, TikTok, Shannon Lee, Allie, Rebecca Starkey, It's, vaxxers Organizations: Service, Business, D, Pew Research Center, YouTube, Facebook

☆ Gen Zers say they're hooked on fast fashion, but regret their Shein hauls when the 'high' wears off
▼ + stars: | 2024-05-03 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

Maddy Lane, a Gen Z TikToker, shared what it's like in a recent video, showing the detritus of her latest haul all over her bed. A survey of 1,000 people from January by the digital analytics platform Quantum Metric found that 64% of Gen Z respondents were buying more than they did last year. Contradictory to Gen Z beliefsCheap clothing hauls do not sit well with the much-discussed Gen Z passion for environmentalism. AdvertisementGaby Mendes, a Zoomer and founder of Talk Twenties, a media and events company for Gen Z, told BI she tries to avoid fast fashion but has her lapses. Gen Z was dubbed the "Depop generation" by Vogue Business, and makes up 90% of the app's user base.

Persons: —, Maddy Lane, Lane, Zers, ThredUp, Gen, TikTok, pang, Melanie Parncutt, Parncutt, Gaby Mendes, Gen Z, JADE GAO, Siena Barry, Taylor, There's Organizations: Service, Business, Bryant University, Otter Public Relations, Vogue Business, Barry Locations: cardigan

☆ 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

☆ Gen Z would rather take a chance on a new app than use 'embarrassing' Instagram if TikTok gets banned
▼ + stars: | 2024-04-25 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

AdvertisementAs a potential US TikTok ban looms, Gen Zers are contemplating what app might take its place. A potential TikTok ban loomsThe US Senate passed a bill on Tuesday that could see TikTok removed from app stores. It's unclear if such AI tools would convince Gen Z to scroll on Instagram and use it more often. AdvertisementJaxson Whittle, an older Gen Z, told BI he holds a different opinion. "No hate to them, but I don't think it's the move for Gen Z at the moment."

Persons: Young, —, Zers, Joe Biden, They'd, Gabrielle Yap, Instagram, Josie doesn't, Gen, Hibaq Farah, TikTok, Farah, Tabitha Mae, I'm, I've, Yap, Kat, It's, Sophie Lund, Yates, Hargreaves Lansdown, Jaxson Whittle, TikToker Cassandra Marie, Gen Z, she's Organizations: Service, Senate, Business, Pew Research Center, Meta, Facebook, BBC, YouTube, Gen Locations: TikTok

☆ Gen Zers are in their 'boycott era', even when it comes to which jobs they apply for
▼ + stars: | 2024-04-17 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

Gen Zers are in their boycott era, turning against anything that doesn't align with their beliefs. But McGoff said Gen Zers wanted their workplace to align politically — so they had to talk about it. Getty ImagesGabrielle Yap, who's 26, said Gen Zers grew up in a time when information was available at their fingertips 24/7. "The company's public stance on these points, as well as the managers' views, affect the organization's capacity to hire Gen Zers," he said. It was a 2018 survey by Deloitte, not Deloitte's 2023 Gen Z and Millennial Survey.

Persons: Zers, —, there's, Gen, Z, Gen Zers, Karim Adib, Omar Taleb, Zer, George Floyd, Erin McGoff, McGoff, Adib, Gabrielle Yap, We've, we're, Yap, It's, Khalid Machchate, Zoomers, would've, Taleb Organizations: Service, Starbucks, McDonalds, Hyundai, HP, Siemens, Deloitte, Survey, ClickThrough, Bright Network, W Technology Locations: Israel, Gaza, who's, Lindsey, Africa

☆ Nightlife and warm weather aren't driving Gen Z's desire to travel. Here are the 5 things that are.
▼ + stars: | 2024-03-31 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Booking Holdings determined Gen Z travel trends by surveying 32,300 people across 32 countries. Data showed that nightlife and entertainment aren't major factors influencing Gen Z's travel plans. AdvertisementNightlife and warm weather are a huge draw for some vacationers — unless you're a member of Gen Z. Related storiesData shared by Booking Holdings, a travel company, shed light on the major factors Gen Z considers when choosing a travel destination. AdvertisementGen Z is getting most of their travel inspiration from social mediaWarm weather wasn't on the top of Gen Z's travel trends.

Persons: —, Z, Zoomers, Gen Z, Luis Alvarez, Gen, they've, Thomas Barwick, It's, Instagram, vlogs, it's Organizations: Holdings, Service, Booking Holdings Locations: Florida, Hawaii

☆ Gen Zers can't stop talking about their money troubles on TikTok. It could come at a cost.
▼ + stars: | 2024-02-21 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

AdvertisementThey are crying out about their finances to anyone who will listen — but it could come at a cost. They follow the money, putting paychecks above career steps that were once viewed as aspirational, like management positions or promotions. A job is just a job to Gen Z, who feel like the juice of career progression is not worth the squeeze. "So you just got to be really, really careful with the content you're consuming and the people that you're trusting." This can lead to financial envy and money anxiety, Imam said, as well as something called "money dysmorphia."

Persons: —, Abby Ferrell, she'd, Gen Z, It's, Markia Brown, Brown, it's, Imam Organizations: Service, Business

☆ ‘Zoomers’ Review: Just Don’t Kill the Vibes
▼ + stars: | 2024-01-26 | by ( Brittani Samuel | ) www.nytimes.com time to read: +1 min

It’s immediately clear that the 30-something Gasda, whose 2022 play “Dimes Square” captured the crowd of artists, writers and scenesters in New York City’s downtown, has spent significant time observing his younger subjects. With the exception of a few awkward phrases, his naturalistic play captures the way Gen Z talks. “Zoomers” opens with three roommates ambling around their Brooklyn apartment in Bushwick, a land where shaggy hair is a personality trait and hard kombucha might as well be on tap. Michael (Jonah O’Hara-David), Jacob (Henry Lynch), and Jada (Reneé-Nicole Powell) are recovering from a night of respective drinking, smoking weed and existential dread. For the emotionally stunted Jacob in particular, it’s a pleasurable escape whenever conversations get too heated.

Persons: “, Matthew Gasda, It’s, ”, Z, ambling, Jonah O’Hara, David, Jacob, Henry Lynch, Jada, Nicole Powell, Ella, Sophia Englesberg, George Olesky Organizations: Brooklyn Center for Theater Research Locations: New York, Brooklyn, Bushwick, catharsis

☆ Move over, millennials: Gen Zers are coming for boomers' houses
▼ + stars: | 2024-01-17 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

After all their economic misfortune, they'll still face a turbulent housing market and potentially tens of thousands of dollars' worth of necessary updates to boomers' aging houses. In his 2022 paper, "Who will buy the baby boomers' homes when they leave them? ", Engelhardt argued that mass aging would send ripples through the housing market but fail to push down prices significantly. After that point, demand for home purchases will once again outpace supply as millennials buy more homes and younger generations, like Gen Z and Gen Alpha, file in behind them. The timing of boomers' exit will mostly benefit younger generations, like Gen Z and Gen Alpha, who should find themselves on steadier footing than their predecessors.

Persons: Xers, they've, Zers, they'll, Odeta Kushi, Kushi, Gary Engelhardt, Engelhardt, Issi Romem, Meredith Whitney, Boomers, Gen Zers —, Gen, who've, millennials, boomers, Jessica Lautz, Nicole Bachaud, They've, Redfin, Alpha, they're, Lautz, savvier, Zoomers, James Rodriguez Organizations: millennials, Syracuse University, Boomers, Federal Reserve, Alpha, National Association of Realtors Locations: granny, New York, Los Angeles, Chicago, Dallas

☆ Baby boomers did one big thing we should all be grateful for
▼ + stars: | 2024-01-02 | by ( Andy Kiersz | ) www.businessinsider.com time to read: +11 min

The boomers had it great, the argument goes, but then they went and screwed it all up. For one thing, baby boomers didn't have it easy: The America they grew up in was poorer, less educated, less healthy, and more unfair than the society we live in today. To better understand how individuals and families are experiencing the economy, it's important to look at wages, income, and wealth. Boomers have consistently passed laws to make building housing harder, leaving the country with a structural housing deficit. Beyond the economy, the boomers have handed off other deep problems that the younger generations will have to solve.

Persons: Gen Zers, Zers, millennials, Norman Rockwell, —, they've, we're, it's, Zer, Andy Kiersz Organizations: Black, Boomers, Business Locations: America

☆ Gen Z wants to prioritize staying healthy in 2024, new Instagram survey says—here's what else they care about
▼ + stars: | 2023-12-04 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

The wellness industry will probably continue to soar in 2024, as it did in 2023, especially with the help of Gen Z. In partnership with the Worth Global Style Network, a leading trend forecaster internationally, Instagram created a survey asking about the "topics, issues, and trends that matter to Gen Z," according to the platform's release for their 2024 Instagram Trend Talk. About 5,000 Gen Z participants responded to the survey across the U.S., U.K., India, South Korea and Brazil, according to Meta. Overall, growth seems to be a huge focus for Gen Z as we near the new year, and the ways they plan to get to where they want to be mostly fall within some realm of personal development. Whether it's improving their health, trying new things in work or simply manifesting more luck, Gen Z wants wellness to be at the center of their lives in 2024.

Persons: Instagram, Z, Gen Z, Warren Buffett Organizations: Worth, Meta Locations: U.S, India, South Korea, Brazil, here's

It's become a popular way to send notes to friends without having to type long messages, especially among Gen Z. Not only is using a digital camera nostalgic, they have sharper flash and crisper image quality than a smartphone. As a result, some members of Gen Z are turning to flip phones. In other words, flip phones are helping Gen Z unplug without going entirely off the grid. Dark modeZoom In Icon Arrows pointing outwards Gen Z uses dark mode instead of light mode.

Persons: Daniel de la, Gen Z's, It's, Gen Z, WhatsApp, Emojis, Z, Gen, Jake Piazza, Zoomers Organizations: Pew Research Center, CNBC, Photodisc, Getty, Media, Walmart, Amazon Locations: TikTok

So you may have heard about girl dinner, hot girl walks, girl rotting. When we haven’t been hot girl walking, we have been girl rotting or laying in our beds and doing nothing for hours and hours on end. We’ve been having our hot girl dinners, as I mentioned. The trick of a hot girl walk and girl dinner and hot girl summer and even girl rotting in our beds is that these things happen outside the influence of the male gaze. You should go out on your hot girl walk, and you should certainly think about the things you’re grateful for and how hot you are.

Persons: —, We’ve, Mia Lind, It’s, millennials, they’re, I’ve, chafing, ” They’re, Dobbs, You’re, Girlhood, we’re Locations: United States

☆ Members of Gen Z were born between 1997 and 2012. Here are 7 events that have defined their lives so far.
▼ + stars: | 2023-05-31 | by ( Elana Klein | ) www.businessinsider.com time to read: +7 min

Here are some of the generation-defining events that have had a profound effect on Gen Z. As Business Insider previously reported, Gen Z was established as a generation in 2019 by the Pew Research Center, which defines generations — such as Gen Z, Millennials, and Baby Boomers — to understand how perspectives and views change, rather than to create strict categories that define people. Here are some cultural events that have shaped the attitudes and tendencies of members of Gen Z. The recession of 2008 showed Gen Z 'the fragility inherent in the system'Members of Gen Z were children, or babies, during the Great Recession, so it hung over their formative years. Instead of looking ahead to a world of opportunities, Gen Z now peers into an uncertain future," the report continued.

Persons: Gen Z, —, Gen, Jean Guerrero, Zers, Aaron Klein, Chelsea Guglielmino, Marjory Stoneman, Donald Trump, Mark Makela, Guerrero, Olivia Julianna, Matt Gaetz, Z, George Floyd The, George Floyd —, Gen Z's, Sara Fischer, Axios Organizations: Service, Pew Research Center, Los Angeles Times, USA, Pew Research, Brookings Institution, Morning, Chelsea, Columbine High School, Washington Post, New York Times, Marjory Stoneman Douglas High School, LA Times, Trump, trolled, Social Locations: New York, —, Washington, lockdowns, Parkland , Florida, Texas, Minneapolis

CNN —A younger Congress may be a thing of the past. Ten years after meeting the age requirement for the Senate, age 30, baby boomers landed four seats, with millennials unable to get a single one. Millennials overtook baby boomers as America’s largest generation in 2020, according to Pew Research. Millennials and Generation Z (11-26) are winning their very first House seats faster than the previous four generations, CNN’s analysis shows. In the Senate, however, it’s taken more than 10 years for both Generation X and millennials to join Congress.

☆ America's biggest wealth manager told us 4 simple steps young people can start taking to hit their financial goals — and explains why they shouldn't panic about failing right now
▼ + stars: | 2023-02-03 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

He told Insider how students and young workers today can set themselves up for financial freedom. He says that aside from a difficult housing market, young people have a great financial setup. A lot has been made about the financial difficulties younger people are facing right now. Here are the 4 steps that he says young people should do right now to set themselves up for financial success in the future. "Take the rest and save it, because when you're young that investing makes a big difference."

☆ Jeff Erdmann has been the best wealth advisor in the US for 7 years running. The Merrill Lynch pro told us how he's keeping clients' money safe with a recession on the way.
▼ + stars: | 2023-01-31 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Forbes has named Jeff Erdmann the best wealth manager in the US every year since 2016. Erdmann's group at Merrill Private Wealth Management oversees $14 billion in assets. Erdmann, who is coming up on his 40th year at Merrill Private Wealth Management, has been named the best wealth manager in the country by Forbes every year since 2016. In stocks, Erdmann says he remains committed to dividends and dividend growth. Erdmann says allocating to the right sectors is vital, and right now, it's not clear what parts of the market offer the best long-term opportunities.

☆ How the slang term 'rizz' became an internet obsession that stumped boomers (and even zoomers)
▼ + stars: | 2023-01-27 | by ( Kieran Press-Reynolds | ) www.businessinsider.com time to read: +4 min

The word 'rizz' originated with streamers Kai Cenat, Silky, and Duke Dennis. If you're chronically online or under the age of 25, you might know what "rizz" means. But it's a term so niche and siloed in certain streaming circles that even some zoomers are confused why it's suddenly everywhere. People have also invented an antonym of the phrase, negative rizz (or "L rizz"), to refer to someone so clumsy or awkward that they push people away. While Google Trends data still shows swaths of people searching and using the term, the official death of "rizz" may come when major corporations appropriate it.

☆ Behind a Wall Street headhunter's rapid ascent lie accusations of harassment and abuse
▼ + stars: | 2022-12-21 | by ( Alex Morrell | ) www.businessinsider.com time to read: +38 min

"It was a complete whirlwind, and it felt too good to be true," Morrison told Insider. "Everyone is given a calendar reminder of when they have to submit a review," one former employee told Insider. Durlston told Insider she wasn't a credible source given the acrimonious nature of her departure from Durlston. "Everyone gets pretty loose at these events," a former employee told Insider, noting the availability of alcohol throughout the day. Bahram told Insider this was not a prohibition but merely a suggestion that it would not be an appropriate arrangement.

Gen Z is more likely to donate credit card rewards to charity. Millennials are more likely to save their credit card rewards for "the next big thing," while Gen Z is using their rewards in smaller increments. Gen Z is donating card rewards to charity, particularly environmental causes and womens' shelters. In general, Gen Z is showing overall smarter credit card behavior compared to how millennials were spending at that age. Gen Zers, at least the ones old enough to own a credit card, are doing more research and being more selective in their credit card use.

☆ Biden's student-loan forgiveness is at risk. It may have helped stop a 'red tsunami' as Gen Z flocked to the polls to save their relief.
▼ + stars: | 2022-11-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Student-loan forgiveness was a major policy that had support from the majority of young voters. While it's difficult to pinpoint what exactly may have caused this shift, opinions of young voters should be taken into consideration. Major issues like reproductive rights, climate change, and student-loan forgiveness likely helped with that turnout. Student-loan forgiveness is currently paused due to a ruling from the 8th Circuit Court of Appeals, in response to a lawsuit filed by six Republican-led states seeking to halt the debt relief. "The youth agenda is taking center stage in the Democratic party"Support for student-loan forgiveness is higher among young voters than the general public.

☆ Mark Cuban says baby boomers went from 'fighting the man to being everything that was hated in the 60s and 70s'
▼ + stars: | 2022-09-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Mark Cuban says baby boomers went from "fighting the man" to becoming what they'd hated in the 60s and 70s. Last week, the billionaire said on a podcast that he believes Gen-Z is the "greatest" generation. Cuban said Zoomers have a greater consideration for mental health and are changing the workplace. But for so many, to go from 'fighting the man' to being everything that was hated in the 60s and 70s is disappointing." But despite their economic success, baby boomers are about seven times more likely to share misinformation on social media, a 2019 study from researchers at Princeton and New York University found.

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