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☆ I quit my career to live off my savings but lost everything in a financial crisis. I'm struggling to get back on my feet.
▼ + stars: | 2024-06-10 | by ( J.D. Harlock | ) www.businessinsider.com time to read: +4 min

Read previewThe year 2020 was supposed to be when I could finally take it easy and focus on myself. I decided to leave my career in accounting behind and finally take a crack at my lifelong dream of being a writer. But Lebanon's banking system collapsed — the World Bank called it a Ponzi scheme — and the country entered a financial crisis. Call it youthful naivety, but I didn't have a reentry plan in case I needed to return to work. The Lebanese financial crisis continued long after the COVID-19 pandemic.

Persons: —, didn't, I'm, it's, I've Organizations: Service, Business, Bank, Lebanese Locations: Lebanon, freefall, American

☆ A week with Canada and Jesse Marsch: No days off, hunting in packs and what it means to be Canadian
▼ + stars: | 2024-06-10 | by ( Tim Spiers | ) www.nytimes.com time to read: +17 min

Canada couldn’t beat Guadeloupe or Guatemala last summer, then lost to Jamaica and confidence has pretty much hit rock bottom. The Athletic followed Marsch and Canada to Rotterdam and Bordeaux to find out. In the 15 months he has been out of the game, Marsch has taken time to choose his next job. “There’s a long way to go.”GO DEEPER The Jesse Marsch debate: Underrated Premier League-level manager or master of failing up? Well, for a start, Canada do have a number of talented players to build a team around.

Persons: John Herdman, Alphonso Davies, Herdman, Jesse Marsch, It’s Marsch’s, you’d, Stephen Eustaquio, Georginio Wijnaldum, Dean Mouhtaropoulos, Cyle, Virgil van Dijk, Marsch, Marcelo Bielsa, George Wood, San, “ We’re, ”, “, can’t, Davies, Jonathan David, Tajon Buchanan, Ismael Kone, Jacob Shaffelburg, Erling Haaland, Martin Odegaard, Koen van Weel, Buchanan, David, ” Davies, ” Marsch, It’s, Ralf Rangnick, “ He’s, Alistair Johnston, ” Eustaquio, Kompany, they’re, Preston’s Liam Millar, William Saliba, Maxime Crepeau, Kylian Mbappe, Liam Millar, France’s N’Golo Kante, Franck Fife, “ That’s, Johnston, we’ve, ” Johnston, They’ve, Rene Nijhuis Organizations: The Athletic, Copa, Canada couldn’t, Leeds United, Copa America, Argentina, U.S, Championship, The, Leeds, Poland, Porto, New York Red Bulls, Red Bull Salzburg, Austrian, RB Leipzig, Premier League, Southampton, MLS Canada Men’s, MLS, Montreal, Toronto FC, Vancouver Whitecaps, UEFA, Canada, Bayern Munich, Real Madrid, Bernabeu, Champions League, Lille, League, Serie, Inter Milan, Watford, Getty, Marsch, —, ”, Bayern Canada, France Locations: Netherlands, France, Argentina, Canada, Qatar, Guadeloupe, Guatemala, Jamaica, Europe, Copa, U.S, Mexico, Marsch, Rotterdam, Bordeaux, Dutch, Leicester, South Korea, Chile, Peru, San Marino, Cook, Canadian, Eustaquio, Nashville, Norway, Munich, Milan, Lille, Mallorca, Austria, It’s, AFP, Atlanta

☆ Opinion | The One Thing Everyone Is Missing About Hunter Biden’s Case
▼ + stars: | 2024-06-10 | by ( Patti Davis | ) www.nytimes.com time to read: +2 min

Hunter Biden’s legal case is, at its root, a story about the toxic, careless choices made by a drug addict. It’s about the fact that addicts weave tragedy into their own lives and into the lives of those around them. Addicts don’t think about other people; they think about themselves. And they lie — that’s how they supply their addiction. He had to watch his daughter take the stand and testify, something that’s intimidating, even frightening, under any circumstances.

Persons: Hunter, Hunter Biden, I’m

☆ My marriage ended, but my ex-husband and I are still close friends. Some people don't understand our relationship.
▼ + stars: | 2024-06-09 | by ( Kelly Magyarics | ) www.businessinsider.com time to read: +6 min

The saying is ubiquitous on wedding invitations, picture frames, and heart-shaped lockets: "Today, I marry my best friend." And I did marry mine, a wonderful man who became a close friend before anything else. Back then, I believed that best friends made the most compatible partners, and maybe that's true for some couples. During a recent girls' trip, my best friend's friendly ex-husband texted her a picture of his new baby. Ditto for another close friend who I've known since birth, who hangs out with both my ex and me when she visits from Philly.

Persons: —, He's, texted, we're, I've, cordiality, aren't, they're Organizations: Service Locations: Philly

☆ Here's an idea: a worldwide universal basic income paid for by a carbon tax. A study found that it could boost the global GDP by 130%.
▼ + stars: | 2024-06-09 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Read previewSome might say a universal basic income is wishful thinking, but one study suggests it could have staggering impacts on the global economy. Basic income pilots gained popularity after the COVID-19 pandemic, which caused record-high unemployment — nearly 15% — in the United States in early 2020. A universal basic income program, or UBI, would provide regular cash payments to everyone. South Africa is on track to be the first country to adopt a universal basic income. "In theory, it is a beautiful idea to use basic income to help people, sustain nature, and boost the economy.

Persons: —, Rashid Sumaila, Sumaila Organizations: Service, Business, University of British Locations: United States, University of British Columbia, America, Iowa, South Africa

☆ Reflecting on a bad market call 25 years ago reminds me to look for what can go right
▼ + stars: | 2024-06-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

When your job is to write a commentary about the stock market you start with a blank Word document. I bring up this mortifying moment because it reminds me of what happens if you write to extreme. No, nobody's saying, "How wrong Cramer can be, just watch the collapse that occurs now." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim Cramer on Squawk on the Street, June 30, 2022.

Persons: Cramer, Karen Cramer, bullish, that's, Bob Dylan, Mike Wilson, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: Cramer & Co, Federal Reserve, Nvidia, Water, Hamptons, CNBC Locations: Water, New York City, John

☆ Between the Offensives: Images From a Journey in Ukraine’s Borderland
▼ + stars: | 2024-06-07 | by ( David Guttenfelder | Peter Robins | ) www.nytimes.com time to read: 1 min

The Ukrainian borderland has long been a place where cultures merge and interchange. Now it is again a place of combat. Through relentless loss, it is being transformed, possibly forever, into a treacherous and abandoned gray zone. What was once a shared way of life, and faith, is dwindling. Getting even daily essentials to the few who remain is a dangerous struggle.

Organizations: Ukrainian

☆ I'm a millionaire and a financial expert and I still rent over buying a house
▼ + stars: | 2024-06-06 | by ( Jane Zhang | ) www.businessinsider.com time to read: +8 min

My landlord lives in a house right up the hill from me, so when I need him, I can call him, and he's right there. I'm glad I'm not doing that anymore, but I'm really glad I had that opportunity. AdvertisementRenting is also a smarter financial decision right now, with how high interest rates are. I don't think I'll rent foreverMy finances now are different than they were when I was 22. Renting really fits the current season of my life, but I don't think this is the choice I'll make forever.

Persons: —, Tori Dunlap, I've, I'm, Homeownership, That's, it's, Jane Zhang Organizations: Service, Business, PMI Locations: Seattle, North Seattle, janezhang@businessinsider.com

☆ A top eBay seller who has earned enough money reselling pre-owned clothes to retire at 40 says anyone can succeed on the platform — but cautions against 2 common mistakes
▼ + stars: | 2024-06-06 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

After turning a broken cellphone debacle into a reselling business that evolved into an eBay empire, Richard S. is convinced that anyone can make money on the platform. The eBay veteran, who is planning on retiring in August 2024 at age 40, started selling electronics in 2008 after getting laid off. He's been studying the platform for 15 years and become the top seller of men's clothing. Accumulating a 'death pile' by sourcing and not listingThere are two main steps to selling on eBay: sourcing items and then listing them. A common mistake is listing items that you think are cool before looking into whether there's demand.

Persons: Richard S, He's, Richard, they're, It'll, Roger Federer, Rafael Nadal, Ford, what's Organizations: Service, eBay, Nike

☆ Opinion | MAGA Turns Against the Constitution
▼ + stars: | 2024-06-06 | by ( David French | ) www.nytimes.com time to read: +1 min

You may not know this, but the United States is in the grips of another crisis — perhaps its greatest crisis of all. In addition to confronting a recession, a collapsing stock market, unemployment rates at a 50-year high and skyrocketing crime, the Constitution itself is now essentially dead. The economy is growing, the stock market is at historic highs and the unemployment rate is near a 50-year low. But crime rates have dropped after pandemic-era increases, and overall crime rates are substantially lower than they were in the relatively recent past: Violent crimes and property crimes are occurring at less than half the rates they were in the early 1990s. An overwhelming majority of Americans (77 percent) believe that crime is rising — one of the most pessimistic assessments in a generation.

Persons: Joe Biden’s, Sharp, James Smith Locations: United States, Joe Biden’s America, America

☆ Welcome to Fantasy Springs, Tokyo DisneySea’s new land
▼ + stars: | 2024-06-06 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +5 min

Tokyo DisneySea's Fantasy Springs port has three themed areas and a new hotel, pictured. Tokyo Disney ResortA few Disney firstsVisitors to the new port first head through a tunnel passage made of rocks shaped like Disney characters from the three film franchises that inspired Fantasy Springs. One of the most anticipated additions inside Fantasy Springs is undoubtedly Rapunzel’s Forest, Disney’s first Tangled-inspired themed area. How to access and stay in the parkThe Tokyo DisneySea Fantasy Springs Hotel offers two options: The Fantasy Chateau and the more luxurious Grand Chateau (pictured here). Tokyo Disney ResortA one-day Fantasy Springs Magic passport is currently included for guests buying one of Tokyo Disney’s hotel vacation packages or available for purchase by those staying at the new Tokyo DisneySea Fantasy Springs Hotel inside the expansion.

Persons: Peter Pan, Flynn Rider, Peter Pan’s, Tinker Bell, John Darling –, Captain Hook, won’t, “, ”, Anna, Elsa, bakehouse Organizations: CNN, Tokyo, Disney, Oriental Land Co ., –, Tokyo Disney, Visitors, Resort, Spotify, Springs Hotel, Springs, Tokyo Disney Resort Locations: DisneySea, Tokyo, United States, Corona, Fantasy Springs, Fantasy

☆ Champion sportswear sold in deal worth up to $1.5 billion
▼ + stars: | 2024-06-05 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN —Champion, the more than century-old sportswear brand, has a new owner. Hanesbrands announced Wednesday that it will sell Champion to Authentic Brands Group in a deal worth up to $1.5 billion with performance incentives. Many consumers have pulled back on discretionary clothing, a trend that has hurt Champion’s rivals such as Nike and Under Armour. Champion had made an exclusive C-9 Champion line for Target for around 15 years, but the contract expired in early 2020 as Target focused more on its own private-label brands. The company then started selling the C-9 line on Amazon.

Persons: Hanes, Hanesbrands, “ Organizations: New, New York CNN —, Authentic Brands, Reebok, Nike, Target Locations: New York, Millennials, United States

☆ A San Francisco Gen Xer quit his job to escape 60-hour workweeks and spend his time being an 'older dad': 'I'll be 70 when my son graduates from high school'
▼ + stars: | 2024-06-05 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +6 min

Gerstbacher, a 50-year-old based in San Francisco, was "really unhappy" at work, he told Business Insider via email. First, he's an "older dad," and he wanted to maximize the time he could spend with his three-year-old son. "I felt that I should take the quality time now since I'll be 70 when my son graduates from high school," he said. However, the decline in working men is also due to some positive developments, like the growth of women in the workforce. AdvertisementEven though he's in the process of returning to the workforce, Gerstbacher said he's continued to prioritize spending time with his son.

Persons: —, Francisco Gen Xer, Randy Gerstbacher, Gerstbacher, He's, they've, hasn't, he'd, he's Organizations: Service, Business, CDC, Bureau of Labor Statistics Locations: San Francisco

☆ It's time to take your cash out of CDs and money market funds as the Fed gets ready to cut rates, says a chief strategist at a $1.4 trillion firm. Here are 3 ways to earn attractive returns for years
▼ + stars: | 2024-06-05 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

The last year and a half has been the best period in more than 20 years to be sitting in cash. Related stories"We know those attractive cash rates aren't going to last forever. Just as the aggressive rate hiking cycle took Treasury yields higher, interest rate cuts will eventually take all cash rates lower as well," Gillum said. And third, investors can build a bond ladder, meaning they stagger their money in different bond durations. "Bonds offer an optionality that you don't get from cash.

Persons: Lawrence Gillum, Gillum, there's Organizations: Service, Federal Reserve, LPL, Business, Bloomberg, Aggregate Bond, BNY Mellon, Schwab U.S, Fed

☆ Diamond industry 'in trouble' as lab-grown gemstones tank prices further
▼ + stars: | 2024-06-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Diamond prices have fallen 5.7% so far this year, according to Zimnisky's rough diamond index, declining more than 30% from their all-time high in 2022. Lab-grown diamonds, which can be up to 85% cheaper than natural diamonds, are made in a controlled environment using extreme pressure and heat. Lab-grown diamond sales have surged from just 2% of the global diamond jewelry market in 2017 to 18.4% in 2023, according to data provided by Zimnisky. An industry 'in trouble'"The diamond industry is in trouble," Daga told CNBC, adding that he believes natural diamond prices could fall another 15%-20% over the next 12 months. Similar to a natural diamond, a lab-grown diamond is graded based on the 4Cs — clarity, color, cut and carat weight.

Persons: Leon Neal, Duncan Wanblad, De, Paul Zimnisky, De Beers, Marcelo Esquivel, Ankur Daga, Daga, Anish Aggarwal, Lionel Bonaventure Organizations: Afp, Getty, De, BHP, Financial Times, De Beers, CNBC, Daxue Consulting, Bloomberg, Zimnisky Locations: Harrods, London, De Beers, American, China, U.S

☆ Oil prices extend losses on worries of supply rising later in 2024
▼ + stars: | 2024-06-04 | by ( ) www.cnbc.com time to read: +1 min

Oil prices eased in early trade on Tuesday, extending their losses from the previous session when prices fell to their lowest in four months, as investors worried about supply ticking up later in the year. Brent closed below $80 for the first time since Feb. 7, after falling more than 3% on Monday. Signs of weakening demand growth have also weighed on oil prices in recent months, with data on U.S. fuel consumption in focus. The U.S. government will release inventory and product supplied data on Wednesday. Product supplied, considered a proxy for demand, will show how much gasoline was consumed around the Memorial Day weekend, the start to the U.S. driving season.

Persons: Brent, Walt Chancellor Organizations: Brent, . West Texas, of, Petroleum, Sunday, Macquarie Locations: ., Russia, OPEC, United States, U.S

☆ 'Bridgerton' actor Jessica Madsen would 'love' to see Eloise and Cressida have a friends-to-lovers story
▼ + stars: | 2024-06-04 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read preview"Bridgerton" actor Jessica Madsen and fans of the show want one thing: for Cressida Cowper and Eloise Bridgerton to fall in love with each other. AdvertisementSpeaking to Business Insider ahead of the "Bridgerton" season three, part one premiere, Madsen said she would love to see Cressida and Eloise have a friends-to-lovers storyline. Calls for Cressida and Eloise to become a couple grew after fans became aware that Madsen is in love with a woman. Benedict (Luke Thompson) (right) and Eloise Bridgerton (Claudia Jessie) in "Bridgerton" season three. Advertisement"I've always loved that there's this coding that people have with Eloise," Jessie said.

Persons: —, Jessica Madsen, Cressida Cowper, Eloise Bridgerton, Cressida, Madsen, Eloise, Claudia Jessie, Liam Daniel, " Madsen, I'd, haDUA9W72u, brian ✒️ ✨, eloise don’t, Ha7zSiXPkW, kenna 🤠 Organizations: Service, Netflix, Business, Pride

☆ Andy Kim Wins Democratic Senate Primary; Rob Menendez Survives Challenge
▼ + stars: | 2024-06-04 | by ( Tracey Tully | ) www.nytimes.com time to read: +1 min

Representative Andy Kim, a lawmaker who has turned New Jersey politics on its head since entering the race to unseat Senator Robert Menendez, won the Democratic nomination for Senate on Tuesday after a campaign marked by a watershed ballot-access ruling. The victory makes Mr. Kim, 41, a favorite to become New Jersey’s next senator. He would be the first Korean American to be elected to the U.S. Senate. “I’m humbled by the results,” Mr. Kim said at Terhune Orchards in Princeton, where his supporters had gathered to celebrate. “This has been a very challenging and difficult race, a very dramatic one at that, and one that frankly has changed New Jersey politics forever.”The results, announced by The Associated Press minutes after polls closed, capped a tumultuous campaign that began a day after Senator Menendez, a Democrat, was accused in September of being at the center of a sprawling international bribery scheme.

Persons: Andy Kim, Robert Menendez, Kim, New Jersey’s, “ I’m, ” Mr, Menendez Organizations: Democratic, New, U.S . Senate, Orchards, The Associated, Democrat Locations: New Jersey, American, Princeton

☆ Job market is still strong but has 'gotten competitive' for applicants, economist says
▼ + stars: | 2024-06-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

"This is still a strong labor market." The U.S. Federal Reserve raised borrowing costs to pump the brakes on the economy and labor market, ultimately to throttle back inflation. watch nowThere are indicators the U.S. job market remains strong and resilient despite headwinds, economists said. The national unemployment rate has been below 4% — a level indicating historical labor market strength — since February 2022. The current job market is more sustainable, she said.

Persons: Julia Pollak, Don't, Thomas Ryan, it's, Pollak, ZipRecruiter Organizations: SDI, U.S . Federal Reserve, Labor, Capital Economics, Workers, Federal Reserve Locations: North America

☆ YOLO is dying. That could be bad news for the economy
▼ + stars: | 2024-06-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —YOLO economy, meet the “yo, no” economy. In what was dubbed the YOLO economy (short for “you only live once”), or revenge spending, consumers shelled out for the experiences and goods they had missed. And that may be bad news for the economy. “We are monitoring the issue and engaging with market participants,” a spokesperson for the Securities and Exchange Commission told CNN. Joe Saluzzi, co-founder of Themis Trading, told CNN that the NYSE’s explanation is hard to square with the bizarre trades that hit the tape.

Persons: “ Covid, doesn’t, ” Sameer Samana, “, There’s, ”, that’s, Taylor Swift, It’s, Dow, Jerome Powell, Berkshire Hathaway, Warren Buffett, Joe Saluzzi, Themis Trading, I’m, Saluzzi, ” Read, Matt Egan, Keith Gill —, ” —, Read, Anna Cooban Organizations: CNN Business, Bell, New York CNN, Wells, Investment Institute, Walmart, Target, Employers, TSA, Federal Reserve, New York Stock Exchange, The New York Stock Exchange, ” Intercontinental Exchange, NYSE, ICE, CNN, NYSE Group, Consolidated, CTA, Berkshire Hathaway’s, Berkshire, Securities and Exchange Commission, Themis, GameStop, AMC Entertainment Locations: New York, YOLO, Samana, “, Berkshire

☆ ‘A new life’: Ukrainian war amputees travel to Germany for custom-made limbs
▼ + stars: | 2024-06-03 | by ( Nadine Schmidt | Frederik Pleitgen | ) edition.cnn.com time to read: +12 min

Berlin CNN —Pavlo Kushnirov was among Ukrainian soldiers fighting in the eastern city of Bakhmut with114th territorial defence brigade on a sunny day last winter when Russian shelling changed his life forever. German officials estimate there are between 30,000 and 50,000 Ukrainian amputees as a result of the conflict. Now a German non-governmental organization is working to bring wounded Ukrainian soldiers to Berlin so they can be fitted with custom-made artificial limbs and given treatment that will allow them to lead as normal a life as possible. Kushnirov and Sayko-Kazakov are among the first of 60 severely wounded Ukrainian soldiers who will receive treatment in Germany, thanks to the Berlin-based NGO “Life Bridge Ukraine.” They hope to start what they see as a new life soon. Battlefield conditions in Ukraine mean limbs must often be amputated quickly to save soldiers’ lives.

Persons: Berlin CNN — Pavlo Kushnirov, Vitaliy, “, ”, ” Vitaliy, Pavlo Kushnirov, Marko Gänsl, Seeger, Gänsl, Kushnirov, ” Gänsl, ’, Pavlo Kushnirov Gänsl, Omelchenko, ” Keen, Valerii, Janine von Wolfersdorff, Von Wolfersdorff, ” Von Wolfersdorff, Vitali Klitschko, Kai Wegner, Chris Stern, Volodymyr Havrylov, Havrylov, ” ‘, Kazakov, ” Kushnirov, Heiko Laschitzki Sayko Organizations: Berlin CNN, CNN, Ukrainian, Russian, ”, Kyiv’s, Berlin’s, CNN CNN, Kushnirov, Ukraine Locations: Ukrainian, Bakhmut, Berlin, Chervonopopivka, Luhansk, Donetsk, Lviv, Ukraine, Germany, Russian, Kyiv, “

☆ I'm a New Yorker who stayed in a tiny house for the first time. The cozy experience made me want to give up city life forever.
▼ + stars: | 2024-06-03 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

I'm a New Yorker who stayed in a tiny house for the first time during a trip to North Carolina. The house was located in rural Efland, North Carolina, and was a perfect retreat from city life. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI traveled from New York to North Carolina to try out the local food scene and explore some real estate. During the trip, I decided to stay in a tiny house for the first time to see if it was something I'd do again.

Persons: — Organizations: New Yorker, Service, Business Locations: New, North Carolina, Efland, New York, England, Connecticut

☆ A millennial who retired at 32 explains the 'life happiness index' he used to decide to go back to work after 8 months
▼ + stars: | 2024-06-02 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

So he did just that, working slightly fewer hours but maintaining a strong balance between work, family, and hobbies. It's all part of his "life happiness index" that drives his financial and life decisions. Some wanted to resume their past jobs, while others looked to lower-stress roles like nonprofit or charity work. He keeps track of a "life happiness index," which he said is highest when he balances his work with family and hobbies. When considering his "final" retirement, he said he plans to work as long as he enjoys it.

Persons: Jace Mattinson, Mattinson, —, wasn't, He's, I've, he's Organizations: Service, Business, Dallas, Brigham Young University Locations: PwC, Dallas, Austin, Texas, Oklahoma

☆ I love my husband, but I enjoy being a mom more than I like being a wife
▼ + stars: | 2024-06-02 | by ( Caroline Chirichella | ) www.businessinsider.com time to read: +4 min

I met my now husband, a handsome bohemian Italian artist, during my first summer living in Italy almost 10 years ago. But I've always loved being a momHowever, I love being a mom more than anything in this world. And so does my husband, who quite frankly, never had planned to get married again (I'm his second wife). We both love each other very much, even if there are things we don't love about being married — that doesn't mean our marriage isn't a strong one. The important thing is that we love each other (my husband often reminds me that he loves me more than himself) and love our babies and want to build a life together for us.

Persons: Vito, —, Caroline Chirichella, I've, It's Organizations: Service Locations: Italian, Italy

☆ Croatian millennials can't afford to buy homes. The solution — build on top of their parents' place.
▼ + stars: | 2024-06-02 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +6 min

Joshua Zitser/Business InsiderWhen Dascalescu, originally from Romania, moved to Mokošica in 2017 with his Croatian wife, Diana, buying a home in Dubrovnik wasn't financially viable. Now, Dascalescu and Marlais live on their own floor, beneath her brother and his children, who live beneath their parents. Joshua Zitser/Business InsiderThe popularity of this set-up comes down to price, according to a Croatian real-estate expert. AdvertisementPerhaps as a result, many Croatian millennials are stuck living at home well into their mid-30s — the highest average age in Europe. Given the lucrative potential of short-term rentals, Croatian homeowners might also be building rooftop apartments for tourists, to generate extra income, he added.

Persons: —, Bogdan Dascalescu, Dascalescu, Joshua Zitser, Diana Marlais, Diana, Marlais, Bogdan Dascalescu's, Filip Brkan, Brkan, Ivan Vukovic, Nenad Lipovac, Lipovac, there's Organizations: Service, Business, Real Estate Business Association of, Croatian Chamber, Eurostat, UNESCO, University of Zagreb, BI Locations: Dubrovnik, Old Town, Mokošica, Independence, Romania, Croatian, Dubrovnik wasn't, Marlais, Croatia, Europe

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