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☆ Investors and execs eye Trump's potential return to the White House
▼ + stars: | 2024-02-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementThe 2024 presidential election seems destined to be the rematch many voters have been expecting : President Joe Biden against former President Donald Trump. So what would Trump's return to the White House mean for stocks? President Joe Biden gives remarks on the conflict between Israel and Palestine at the White House in Washington on October 7, 2023. During his speech, President Biden reiterated the United States' support for Israel. Amanda Andrade-Rhoades/For The Washington Post via Getty ImagesAmong the world's more powerful people, opinions are divided on the impact of Trump's return.

Persons: we've, Donald Trump, Donald Trump grins, Chip Somodevilla, Joe Biden, Trump, Nikki Haley, Haley, Biden, Trump's, that's, Matthew Fox, James Reilly, Amanda Andrade, Rhoades, didn't, Jamie Dimon, Dimon, Ray Dalio, Tesla, Warren Buffett, Berkshire Hathaway, Charlie Munger, Francois G . Durand, Jenny Chang, Rodriguez, Dick Costolo, Elon, Rebecca Zisser, Gen Zers, Millennials, Uber, Dow, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: South, GOP, Trump, South Carolina GOP, Gov, Nasdaq, Capital Economics, White, Israel, Washington, Getty, Economic, CNBC, Bridgewater, Nvidia, Berkshire, SpaceX, Dow Jones, US Locations: New Hampshire, China, Capital, Israel, Palestine, Washington, United States, Russia, Ukraine, New York, London, Chicago

☆ 3 lessons Gen Zers say they've learned from 'loud budgeting'
▼ + stars: | 2024-02-25 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

The "loud budgeting" trend taking over social media encourages people to be more vocal about saving and spending habits. Loud budgeting is the opposite of "quiet luxury," Battle said, the financial trend that previously favored high-end clothing and understated displays of wealth. AdvertisementThe loud budgeting trend comes as Gen Zers enter the workforce when the cost of living has become more expensive. Loud budgeting is about everyday people, Battle said, and saving money can be "stylish." AdvertisementFifty-six percent of Gen Zers surveyed said potentially missing out on events with friends and family can be a downside of loud budgeting.

Persons: —, Lukas Battle, Gen Zers, Zers, Steph, Den, she's, Emma, Roth Organizations: Service, Business, Bureau of Labor Statistics

☆ 'If your parents are homeowners, you're more likely to be a homeowner,' housing expert says. Here's why
▼ + stars: | 2024-02-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

If a parent is a homeowner, they are more likely to assist with their kid's down payment, she said. But it's harder for those with parents who are not homeowners: "Renter households are often precluded from bringing more people into their home. Having homeowner parents is 'like a 5 percentage point bonus'Young adults with homeowner parents are more likely to become homeowners themselves because they can obtain more information about the mortgage application process directly from their parents, the Urban Institute found. "Because the parents are so knowledgeable about homeownership, they're more likely to encourage their kids to do it and show them how to do it," Myers said. "It's like a 5 percentage point bonus by having parents who are homeowners."

Persons: Skylar Olsen, Myers, that's, Zers, Intuit Credit Karma, Wachter Organizations: Digitalvision, Getty, National Association of Realtors, Urban Institute, Intuit Credit Locations: Washington ,

☆ Some Gen Z workers are turning to AI for career advice and it's actually not a bad idea
▼ + stars: | 2024-02-23 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

In a survey, about half of Gen Zers said AI and social media gave better career advice than a boss. Bosses shouldn't rely on tech to give career advice to their teams, a business professor told BI. Almost half of GenZers said in a recent survey that chatbots and social media offered better career advice than their managers. In the survey, 62% of Gen Z workers said they'd like to talk more about their career path but that their boss was often too busy. "People could kind of say, 'Well, I get better skill-building from a YouTube tutorial than from my manager,'" Myers said.

Persons: Gen Zers, —, it's, Gen, GenZers, inspo, Christopher G, Myers, they'd, Daniel Jolles Organizations: Service, an Academy of Management, Johns Hopkins University, London School of Economics, Political

☆ Meet a boomer who unretired to help her Gen Z kids get through college and find stability: 'They're terrified'
▼ + stars: | 2024-02-23 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Like many other parents, Jane said she sees her adult children stuck in an economic predicament that isn't of their own making. "Home prices and rent prices and automobile prices — I don't think that they're aligned with wages in a fair, or in a reasonable, way," Jane said. She wants to get her kids through college and see if they're able to find jobs that are decently paid. But that doesn't mean she's immune to the Sunday scaries: "On those Sunday nights and Monday mornings, I really, really regret it. "I'm hopeful for that, but I'm really not really expecting it," she said.

Persons: Jane, she's, — she's, we're, We're, Jane —, —, they're, it's, Gen Zers, Younger boomers, I'm Organizations: Pew Research Center, Pew Locations: Texas

☆ Meet the typical overemployed worker: A male millennial making six figures annually across multiple tech jobs — who's fighting burnout for the extra income
▼ + stars: | 2024-02-23 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Who are these overemployed workers? AdvertisementOveremployed workers tend to be male millennials in tech or IT jobsNearly all of the overemployed workers Business Insider has spoken with have been men. "In the IT world, we never really work a full 40 hours a week," a former overemployed worker previously told BI. The typical overemployed worker is making between $100,000 and $500,000 across up to four jobsFor most overemployed workers, job juggling isn't worth the stress unless they're very well compensated. One millennial earned over $500,000 across four non-simultaneous jobs, while another worker earned over $820,000 across three roles.

Persons: —, Louis Fed, Zers, Xers, Zer, Xer, overemployment Organizations: Service, Business, of Labor Statistics, WomenTech Network Locations: St

☆ Wingstop says its chicken sandwiches are bringing in a new type of customer: richer, kid-free millennials and Gen Zers
▼ + stars: | 2024-02-22 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

AdvertisementSkipworth told investors at the company's previous earnings call in November that these customers tend to be Gen Zers or millennials. "A lot of these new guests that are coming in are coming in through the chicken sandwich occasion initially," he said. Wingstop was late to join the so-called chicken sandwich wars, which kicked off when Popeyes launched its spicy chicken sandwich in 2019 to compete with Chick-fil-A. Rivals including McDonald's and Wendy's have also been bolstering up their chicken sandwich offerings in response. AdvertisementChains including McDonald's, Shake Shack, and Taco Bell have told customers to expect modest menu price increases in 2024 as inflation cools.

Persons: Michael Skipworth, Skipworth, Wingstop, Popeyes, Alex Kaleida, Taco Bell Organizations: Rivals, McDonald's, Taco Locations: California

☆ 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

☆ 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

☆ A better way to handle layoffs
▼ + stars: | 2024-02-20 | by ( Aki Ito | ) www.businessinsider.com time to read: +11 min

Out of everything that happens in the workplace, nothing underscores the harshly transactional nature of employment more than the way companies terminate their employees. To be sure, there are times when layoffs are necessary for the health — and even survival — of a company. In other words, the pitiless and coldhearted way businesses handle dismissals isn't just destructive to those who get dismissed. Is there a better way to handle layoffs? For starters, Herd says, managers should look the employees they're dismissing in the eye, rather than reading from a script.

Persons: TikTok, Brittany Pietsch, she'd, isn't, Pietsch, they're, you've, — they're, Slack, it's, Sandra Sucher, Sucher, pare, Ashley Herd, Herd, —, Reagan, Aki Ito Organizations: Mafia, Harvard Business School, Nokia, Business

☆ If you are waiting to buy an affordable home when rates drop, you're out of luck
▼ + stars: | 2024-02-17 | by ( Allie Kelly | ) www.businessinsider.com time to read: +3 min

Read previewInterest rates could drop by summer, according to Federal Reserve forecasts, but buyers shouldn't expect homes to become more affordable. For prospective homebuyers, the cuts could be a path toward relief from skyrocketing mortgage rates. 30-year fixed mortgage rates are now sitting just above 6.6%, which translates to around $2,800 in average monthly payments nationwide. "Mortgage rates have come down a bit in anticipation of lower rates." Steep interest rates in recent years have made homeowners less likely to sell, contributing to a housing shortage in many cities.

Persons: —, Jerome Powell, Gen Zers, Louis Fed Organizations: Service, Reserve, Business, Economics Locations: New York, Chicago, Seattle, San Francisco, San Jose, Boston

☆ A Columbia psychology professor says Gen Z should accept that stress and anxiety at work are normal life experiences: 'We should all feel stressed sometimes'
▼ + stars: | 2024-02-16 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Gen Z workers are losing sight that feeling stressed or sad are "normal life experiences." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Gen Z being open about mental health issues is a "watershed moment" in the workplace and sparking meaningful change in the long term, according to Pike. AdvertisementFeeling stressed out when you have a deadline or feeling sad, disappointed or anxious are "normal life experiences." Pike believes the discussions around mental health and mental illness must continue and that Gen Z will eventually learn to cope with difficult feelings.

Persons: Kathleen Pike, —, Gen, Pike, Zers, Suzy Welch, Gen Z's Organizations: Columbia, Service, Columbia University, Deloitte Locations: Pike

☆ 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

☆ Older bosses can hurt the productivity of Gen Z and millennial workers
▼ + stars: | 2024-02-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

Gen Z and millennial workers, in particular, are seeing their productivity take a hit partly because of friction with older managers, according to a new report . But the share was higher among younger workers: 37% of Gen Zers and 30% of millennials said they weren’t getting much done. Older workers who had much younger managers didn't report decreased productivity. Varied experiences are one reason it can be good to bring on both younger and older workers, he said. That way of working, plus decades of experience, is why he thinks it’s often wise to rely on older workers.

Persons: —, Gen, ” Daniel Jolles, Zers, Gen Zers, millennials, Jolles, “ They’re, they’re, ” Jolles, it’s, what's, “ Organizations: Service, London School of Economics, Political, Business, LSE

☆ How much money Americans saved in 2023 at every age—and how you can put away more this year
▼ + stars: | 2024-02-14 | by ( Annie Probert | ) www.cnbc.com time to read: +2 min

Millennials managed to stash away more cash than any other generation last year, according to New York Life's recent "Wealth Watch" survey. Just over half of American adults — 52% — met or exceeded their savings goals in 2023, managing to save an average of $6,138 despite facing economic challenges like inflation and high interest rates. "Having a financial strategy in place plays a key role in meeting savings goals," he says. "63% of adults with a financial strategy met or exceeded their savings goal for 2023, compared to only 37% of those without a financial strategy." They're also more likely than older generations to have long-term savings goals, like purchasing a home.

Persons: Millennials, —, Donn Froshiesar, Froshiesar, Froshiesar isn't, Zers, They're, Xers Organizations: CNBC Locations: New York

☆ Millennials Won the Stock Market Boom, Proved They're Good Investors
▼ + stars: | 2024-02-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +4 min

It turns out the Robinhood crowd was onto something when they piled into the stock market during the pandemic. As of 2019, people under 40 held 4.9% of total US wealth even though they’re 37% of the population. People over 54, who make up a similar share of the population, held 71.6% of total wealth. Nearing the end of 2023, under-40s controlled 6.7% of total wealth, while those over 54 had 72.8%. Now, the challenge is to try to keep at it, get some more luck in the stock market and, God willing, their own homes.

Persons: —, Young, Millennials, Zers, they’re, “, Nick Colas, ”, Colas, Ernst & Young, It’s, millennials, Emily Stewart Organizations: Federal Reserve Bank of New, New York Fed, DataTrek, Ernst &, Bloomberg, Business Locations: Federal Reserve Bank of New York, America

☆ Gen Zers need to ditch the Nike Air Force 1 sneakers and wear more 'office-friendly' shoes to work, according to a stylist
▼ + stars: | 2024-02-14 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewGen Z are still learning the ins and outs of office workwear, and the biggest style mistake they’re making is not investing in "office-friendly" shoes, according to a stylist. This story is available exclusively to Business Insider subscribers. Gen Z men can wear dress shoes, boots, or white court sneakers from brands like Veja, Common Projects, and Nisolo. Gen Z workers have been getting flak for showing up to the office in inappropriate workwear.

Persons: —, Liz Teich, Teich, Kate Hart Finnigan, Gen, Adidas Stan Smiths Organizations: Service, Nike Air Force, Business, Adidas Locations: New York, Teich

☆ Baby boomers are driving the trend of Americans staying in their homes for twice as long as they did 2 decades ago
▼ + stars: | 2024-02-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Americans are staying in their homes twice as long as they used to, a trend largely driven by boomers. Around 40% of baby boomers have stayed in their homes for at least 20 years, per a Redfin analysis. That can be chalked up to the unaffordable housing market, with mortgage rates and prices both elevated. The shift is largely driven by baby boomers, the real estate listing site said, who are staying put as mortgage rates and home prices remain elevated. Most (54%) baby boomers who own homes own them free and clear, with no outstanding mortgage," Redfin said in a note on Wednesday.

Persons: —, That's, boomers, Gen Zers, Redfin, it'll Organizations: Service, Federal Reserve

☆ Half of Gen Z workers think ChatGPT gives better career advice than their manager, survey says
▼ + stars: | 2024-02-13 | by ( Allie Kelly | ) www.businessinsider.com time to read: +3 min

To retain Gen Z talent, companies should emphasize mentorship and learning in the workplace. AdvertisementWhen some Gen Z workers need career advice, they think ChatGPT will offer better guidance than their managers. In fact, 44% of Gen Z respondents said they are considering quitting their jobs in the next six months. Gen Z workers are looking for learning and development, not just money, from their jobs, according to research by The Standard. And, when young workers feel disconnected from their managers, they likely feel disconnected from their employers.

Persons: —, Gen Z, Zers, Gen Zers, Gen Xers, Gen Organizations: Service, Workplace Intelligence

☆ Gen Z has discovered the ultimate anti-layoff hack: government jobs
▼ + stars: | 2024-02-13 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

Gen Zers and millennials are wary of layoffs — especially a recent wave hitting the tech sector. Job security, a pension, strong benefits, and student loan forgiveness. "People in private sector jobs are three times more likely to lose their jobs than people in federal government jobs," she said, adding that public sector workers can also expect to enjoy a "better work-life balance" with a lot more paid time off. It's no secret that Gen Z is looking to rethink their approach to work and careers. It may seem counterintuitive to want to work in the public sector, which typically has lower salaries than the private sector.

Persons: Gen Zers, —, Uncle Sam, Bonnie Dilber, They're Organizations: Service, Meta, Google, CIA, Big Tech

☆ Putin's big week means more uncertainty for the markets during a critical time
▼ + stars: | 2024-02-13 | by ( Milly Struthers | ) www.businessinsider.com time to read: +8 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 the recent resurgence of Vladimir Putin and Russia comes at an inopportune time for the markets. The big storyPutin's big weekRebecca Zisser/Business InsiderVladimir Putin hasn't notched many personal wins since Russia's invasion of Ukraine, but last week was an exception. Putin’s successes further complicate a geopolitical situation that has silently loomed over a US economy trying to tiptoe past a recession.

Persons: —, florists, Vladimir Putin, Rebecca Zisser, Vladimir Putin hasn't, Tucker Carlson, he’s, Tom Porter, Carlson, Putin, Joe, Donald Trump, BI’s Brent D, Griffiths, Tom, GAVRIIL, Jamie Dimon, Ray Dalio, Jerome Powell, It’s, David Rosenberg, doesn’t, Alex Wong, Stocks, Savita Subramanian, Grammarly, Abanti Chowdhury, Zers, Temu, Sam Altman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, NATO, Sputnik, Kremlin, JPMorgan, Bridgewater Associates, Reserve, Federal Reserve, Bank of America, Labor Statistics, Tech, Chiefs, 49ers, World, Ferrari, Business Locations: Russia, Ukraine, Russian, Moscow, China, Israel, Gaza, Washington ,, 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

☆ Barbara Corcoran says 'forget about Florida' and look elsewhere in the U.S. to buy a home
▼ + stars: | 2024-02-12 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

While previous generations looked forward to moving and retiring to Florida, the younger population is setting their sights on other places. Gen Zers and millennials are relocating to different cities and states across the U.S. and it's a decision that real estate mogul Barbara Corcoran supports. In a 2023 "Elvis Duran Show" interview, Corcoran was asked if she thought Florida was still a good place to move and buy a house. But not Florida, forget about Florida," she added. The Southern state has become a growing base for different industries, including tech and aerospace.

Persons: Gen Zers, Barbara Corcoran, Elvis Duran, Corcoran, There's Organizations: Sunshine State, Fortune Locations: Florida, Texas, Southern

☆ What I got wrong about loyalty at work
▼ + stars: | 2024-02-12 | by ( Aki Ito | ) www.businessinsider.com time to read: +8 min

In the story, I wrote that people seem to divide into two groups when it comes to the decline of workplace loyalty . To my surprise, a lot of older readers took issue with getting lumped into the pro-loyalty camp. Someone else wrote, more gently, "While I feel you're spot on with most of your facts you've got gen x all wrong." They added: "My generation leads in workplace dissatisfaction and realized 2 decades ago that there was no more corporate loyalty." There isn't a generational divide over workplace loyalty, these readers were telling me.

Persons: Gen Xers, Gen Zers, I'd, Readers, X, Gabriel, he'd, I'm, they've, I've, —, Gen, isn't, Aki Ito Organizations: Business Locations: American, America, TikTok

☆ Renters are most exposed to climate hazards in these two states, a Harvard study finds
▼ + stars: | 2024-02-12 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Jodi Jacobson | E+ | Getty ImagesMore than 18 million rental units are located in areas exposed to extreme weather hazards, according to the American Rental Housing Report from Harvard University's Joint Center for Housing Studies. While most states have at least one "high-risk" county with 2,000 or more rental units, many are concentrated in California and Florida. How many rentals are at risk in California and FloridaHarvard researchers found the number of rental units exposed to climate hazards in the U.S. by combining an area's risk of economic loss from natural disasters with the number of rental units in those areas, Wedeen said. Florida, for example, has many rental units as well as census tracts, or neighborhoods, that FEMA identified as having at least moderate risk, Wedeen said. Florida has 2.4 million rental units at risk, or about 89% of its rental stock, according to the Harvard study.

Persons: Jodi Jacobson, Sophia Wedeen, Wedeen Organizations: American, Harvard University's, for Housing Studies, Federal Emergency Management, Survey, Joint Center for Housing Studies, Florida Harvard, FEMA, Finance, Harvard Locations: California, Florida, Harvard, U.S

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