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☆ A Gen Xer making $344,000 secretly working 3 jobs got laid off from 2 of them. He said that's exactly why he was overemployed.
▼ + stars: | 2023-12-03 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

A 48-year-old began secretly working three full-time remote jobs last year, earning a combined $344,000. He was laid off from two of his jobs in October — and said this is why he sought out extra job security. Last year, Joseph earned a combined $344,000 working three full-time remote jobs at the same time, according to documents viewed by Business Insider. While working three jobs has been life-changing for him and his family financially, he said balancing emails and meetings — and keeping his other jobs a secret — was becoming unsustainable. Joseph said he managed to juggle three jobs for over a year by blocking off his work calendars to prevent meeting overlaps.

Persons: —, Joseph, it's, he's, BI's Aki Ito Organizations: Service, Business Locations: Texas

☆ A Florida Gen Xer who met his wife driving for Uber and Lyft details all the reasons he can no longer make a living and what he's doing instead to boost his income
▼ + stars: | 2023-12-02 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

A Gen Xer is transitioning away from driving for Uber and Lyft to start his own travel agency. He's hoping to land more stable gig work so he no longer needs to work 70-80 hours a week. AdvertisementCharles, 43, met his wife while driving for Uber. Charles, who asked to just use his first name to avoid professional repercussions, said while he's met all sorts of cool people over the years through driving, he's struggled to make ends meet. He's also considered a seven-passenger vehicle that could qualify for more expensive Uber rides.

Persons: Uber, He's, —, Charles, he's, I've, he'd, it's Organizations: Service, Uber, Google, Business Locations: Orlando, Pensacola , Florida, Tampa, Florida

☆ Opinion: ‘The Golden Bachelor’ women gave me what I needed
▼ + stars: | 2023-11-30 | by ( Opinion Amy Klein | ) edition.cnn.com time to read: +8 min

Yet I was one of the millions tuning into “The Golden Bachelor” premiere because I wanted to know how they would handle aging. As an older mom, I am fascinated by the media’s portrayal of older women. Consider this: the women of “The Golden Girls” — Blanche, Dorothy and Rose — were in their 50s in 1985, when the show about old women began. “Is anyone watching ‘The Golden Bachelor’ and thinking, ‘maybe I shouldn’t be so scared to get older…. “I feel like as someone in her 20s it’s scary, like how am I going to look when I’m older?

Persons: Amy Klein, “, Amy Klein Mira Zaki, Gerry Turner —, —, it’s, Mary McNamara, Michelle Cottle, They’re, they’re, Xer, I’m, ” Cottle, John Fleenor, Vladimir ”, she’s, frailty, Alice, — Blanche, Dorothy, Rose —, Carrie, Miranda, Charlotte, Manolo Blahnik, ” Charlotte, Galit Nimrod, ”, ” It’s, Gerry, ’, Eva Gutowski, ” Ellen Goltzer, Marina Perera Organizations: CNN, Nation, Los Angeles Times, The New York Times, Walt Disney Company, Max, verve Locations: Worth

☆ Meet the typical student-loan borrower: a millennial woman with a $35,000 balance who wants debt relief
▼ + stars: | 2023-11-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Millennials hold the most student debt, with an average balance of about $35,000 per person. Most student-loan borrowers want Biden to deliver broad debt relief. Take Helena, a 58-year-old borrower with $145,000 in student debt who previously had to sell items on eBay to afford her payments. That amount varies by generation: the average Gen Z borrower holds $24,472 in student debt, the average millennial holds $42,637 in student debt, and the average Gen Xer holds $48,733 in student debt, according to TransUnion. A Morning Consult and Politico poll in June 2022, right before Biden's first debt relief plan was announced, found that of 2,000 registered voters, 65% of respondents aged 18 to 34 supported $10,000 in debt relief, with 61% of respondents aged 35 to 44 feeling the same.

Persons: Millennials, Biden, —, Helena, Joe Biden's, Theresa Teders, that's, it's, Xer, Zers, millennials, Gen Xers —, Biden's Organizations: Service, eBay, Education Department, Higher, American Association of University Women, Federal Student Aid, Politico

☆ How a Florida driver fed up with Uber and Lyft created her own shuttle service so she could make more money and work fewer hours
▼ + stars: | 2023-11-19 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

This comes after months of struggling to even earn $100 a day in eight hours for Uber and Lyft. AdvertisementSherry, 58, was driving upwards of 75 hours a week for Uber and Lyft, struggling to pull in $200 a day. She's made between $1,500 and $1,700 a week doing shuttle driving alongside Uber and Lyft rides. "The clientele I have is different too because I'm driving tourists, and they're more apt to tip," Sherry said. She's only driving for Uber and Lyft a few hours each week as she tries to get her name out there.

Persons: Xer, she's, Uber, —, Sherry, underpaid, I'm, She's, It's Organizations: Facebook, Service, Uber Locations: Florida

☆ Here's why one Gen Xer likes working with his Gen Z colleagues
▼ + stars: | 2023-11-18 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Gen Z can catch flak for being difficult in the workplace. But a Gen X boss at Duolingo recently broke down the good aspects of working with Gen Z on an episode of podcast "The Return." There's a growing consensus that Gen Z is bringing about a workplace reckoning. AdvertisementIt's not uncommon to hear managers complain that Gen Z workers are lazy, lack soft skills , or need constant supervision. Having a good sense of work-life balance, which Gen Z typically values, improves overall workplace culture, he said.

Persons: Gen Z, —, Gen Xer Stephen Chen, Chen, Gen, Parvez, She's, Steve Organizations: Service, Zaria Parvez Locations: Duolingo

☆ A Gen Xer got $30,000 to build an extra apartment in her backyard. Renting it out makes paying her bills 'financially possible.'
▼ + stars: | 2023-11-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

She received a total of $30,000 from the state to build an ADU in her backyard to rent out. The program provides grants to eligible homeowners to build an additional housing unit on what was a single-family lot. Advertisement"I definitely needed that extra income that a rental unit provides," Leiken told Business Insider. Courtesy of Marni LeikenDespite the cost, Leiken said she's happy, noting that the additional rental income helps cover her monthly expenses. Beyond the rental income she's receiving, Leiken is pleased that she's also helping provide housing to locals who need it.

Persons: Marni Leiken, —, Marni, Leiken, she's Organizations: Service, Housing Authority, Business Locations: Montpelier , Vermont, Vermont, California, New York, Leiken's, Montpelier

☆ A California native recently moved to a Kentucky city with 26,000 residents. She's able to live a much more fulfilling life closer to family at a much lower cost.
▼ + stars: | 2023-11-08 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

A Gen Xer moved from California to a small city in Kentucky in 2021. Duvall moved in 2021 from San Marcos, her city of 100,000 in California, to Paducah, Kentucky, a small city with around 26,000 residents. AdvertisementAdvertisement"I have no plans on ever going back to California ," Duvall said. Of that total, just under 6,000 moved from California to Kentucky, compared to over 22,500 in neighboring Tennessee. Still, Duvall said in her small city, she's gotten better care for her medical problems, as she's gotten more individualized, thorough attention.

Persons: Xer, she's, —, Duvall, Kentucky Duvall, SSDI, it's, I'm Organizations: Service, Security Disability Insurance Locations: California, Kentucky, San Diego County, San Marcos, Paducah , Kentucky, Tennessee, San Diego, Paducah

In a TikTok video, different generations revealed the rent prices for their first apartments. Viewers were left shocked after one baby boomer said he paid $98 per month for his first apartment. AdvertisementAdvertisementWhile a growing economy allowed the typical baby boomer to generate wealth, many millennials and Gen Zers have been weighed down by rising inflation and high rental costs. Several people argued that these prices do not account for inflation, but others pointed out that rent prices are still much higher today, even with inflation considered. Most recently, Gen Zers have been speaking out against work culture, arguing 9-to-5 schedules and in-office mandates are flawed.

Persons: boomer, Zer, Gen Zers, @captainmooseknuckless, Xer, Insider's Hillary Hoffower, Xers, Zers Organizations: Boomers, National Association of Realtors Locations: Baltimore , Maryland, Green Bay , Wisconsin, Hoboken , New Jersey, Savannah , Georgia, Denver , Colorado, Michigan, Zillow

☆ Here are the 'unwritten rules' of air travel
▼ + stars: | 2023-11-07 | by ( Monica Pitrelli | Marylou Costa | ) www.cnbc.com time to read: +6 min

A new report has an ominous warning for air travelers. "No matter what you do on a plane, you're probably annoying another passenger," it states. "When the unwritten rules of airlines etiquette are broached, it can lead to conflict," writes Lindsey Roeschke, a travel and hospitality analyst at Morning Consult who authored the report. Nearly one in five respondents said concerns about other passengers' behavior may deter them from taking a trip. Some 77% of people in the survey said they were "bothered" by it, with 51% saying they were "very bothered."

Persons: Lindsey Roeschke, Thomas Trutschel, I'm, —, Zs —, Roeschke, Gen Zs, Sandy Huffaker, Zs, hasn't, that's, Sara Nelson Organizations: Morning, United Arab Emirates, Passengers, CheapAir.com, Getty, Photothek, Corbis, Federal Aviation Administration, FAA, Association of Flight, NBC Locations: Asia, New York, United States of America, Berlin, Germany, United States

☆ A Gen Xer gave up gig work with Amazon to become a full-time bus driver. He's nearly doubled his hourly income and loves the benefits.
▼ + stars: | 2023-11-05 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A former Amazon Flex driver said he's making thousands of dollars more as a bus driver in Seattle. He recently quit his gig job with Amazon Flex and started working with King County Metro full-time. While this is mainly concentrated among younger Americans, many Gen Xers and boomers have left the corporate world for more flexible gig work. Making the transition to bus drivingAt Amazon Flex, Timss said he was earning at least $1,000 each week. "Gig work really should be a stepping stone or get you by."

Persons: —, Jason Timss, Timss, Xers, he'd, I'd, He's, he's Organizations: Amazon, Service, Amazon Flex, King County Metro, Seattle, Bureau of Labor Statistics Locations: Seattle

☆ A Gen Xer who worked from home for 7 years wants to go back to the office to combat loneliness
▼ + stars: | 2023-11-02 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Many still believe remote work is best for them, though many more are returning to the office. AdvertisementAdvertisementChris, a Gen Xer, is about to leave his remote position for what he hopes will be a hybrid job. "I made the decision to leave my remote job — my last day is December 1 — and look for an in-office or hybrid job. The still-strong remote work debateDebate still lingers about whether in-person work is more productive than remote work, with some studies showing employees get more done in an office setting. From remote to hybridChris said his remote work was flexible and allowed him to make time for family and home chores.

Persons: he's, —, Chris, I'd, they're, He's, I'm Organizations: Service Locations: Toronto

☆ Five tips for Gen Xers feeling squeezed by student debt
▼ + stars: | 2023-11-02 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

That means many competing financial responsibilities, familiar to the Sandwich Generation: student debt, retirement saving, raising kids and sending them to college, and caring for elderly parents. Something has to give – which is why Gen Xers still dealing with student debt often sacrifice saving for retirement. “For those Gen X with student debt, the average amount of retirement savings is consistently lower. “These student debt repayments can last for 30 years,” says Evan Potash, a wealth management advisor with TIAA. In particular, starting in 2024, participating employers will be able to match your student loan repayments with contributions to your 401(k).

Persons: Joe Biden's, Debbie Irk, Irk, “ I’m, ”, Xer, Xers, Gen Xers, Tyler Bond, NIRS, Joe Biden’s, Evan, TIAA, “, NIRS ’ Bond, I’ve, Chris Taylor, Lauren Young, Jonathan Oatis Organizations: Baby, University of Phoenix, National Institute on Retirement Security, Sandwich, Supreme, Thomson Locations: Washington , U.S, South Bend , Indiana

☆ 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

☆ Hey managers, we should be answering Gen Z's questions, not just complaining
▼ + stars: | 2023-10-21 | by ( Tim Paradis | Diamond Naga Siu | ) www.businessinsider.com time to read: +8 min

It's easy for older workers to complain about Gen Zers as being lazy or entitled. Yet some Gen Z workers are questioning norms that need to be reconsidered, experts tell Insider. AdvertisementAdvertisementWe've all heard the complaints about Gen Z and how they're rattling older managers . People older than Gen Z created the social platforms some Gen Zers are sounding off on. 1 thing she hears from older workers is that Gen Zers ask too many questions.

Persons: Gen Zers, —, Gen, Gen Z, Zers, TikTok, Kenneth Matos, Matos, who's, Xer, " Matos, Rebecca Fagan, she's, Fagan, Maia Ervin, Ervin, it's, millennials, they're, Z Organizations: Service, Boomers, KPMG, Gen, JUV Consulting Locations: Zaria

☆ Millennials, Gen Z Mistakenly Bet on Inheritance From Boomer Parents
▼ + stars: | 2023-10-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +14 min

When she died, Grandma Sue left the most common form of inheritance, called an accidental bequest, which is simply the money left over when someone dies. The New York Times reported on a coming inheritance wealth boom in 2023, 2019, 2014, 2008, and 1999. Even for families with incomes in the 51% to 90% range of earners, the average inheritance was $46,000 — hardly life-changing money. Researchers have been talking about the coming Great Wealth Transfer for at least a quarter of a century. But the reality is that all the wealth boomers are sitting on probably won't end up fixing our collective financial problems.

Persons: Grandma Sue, Grandma Sue's, —, Xers, Gen Zers, Xer, shouldn't, Edward Wolff of, Maury Gittleman, Wolff, Gittleman, Michael Bloomberg, Warren Buffett, Larry Ellison, Bill Gates, Isabel Sawhill, It's, Penn, there's, they're, Bank of America cardholders, Joseph Smith, haven't, boomer, Ann Logue Organizations: Social Security, Medicaid, Boomers, Federal Reserve, New York Times, Edward Wolff of New York University, US Bureau of Labor Statistics, Federal, Brookings Institution, University of Pennsylvania, Penn, Medicare, Family Foundation, Bank of America, Consumer, Department of, Northwestern Mutual, IRS Locations: Northwestern, Chicago

☆ Some Americans are secretly working multiple remote jobs. Bosses shouldn't be worried about it.
▼ + stars: | 2023-10-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Some Americans are secretly working multiple remote jobs. AdvertisementAdvertisementOne of your co-workers could be secretly working multiple remote jobs to boost their finances. But holding two remote jobs could breach some employment contracts and lead to job termination. But it could become more popular as the remote work revolution provides additional opportunities for Americans to take on more work. "Clearly, if people can work multiple jobs at the same time, then I need to redefine their role to be more rigorous," she said.

Persons: —, it's, David Barron, Cozen O'Connor, Barron, who've, Aaron De Smet, I'm, Jennifer Moss, De Smet, Xer, Moss, we've, they're, we'll, Nicole Coomber Organizations: Service, McKinsey, University of Maryland Locations: Texas

☆ Why a Gen Xer who worked remotely for 15 years is now looking for an in-office job
▼ + stars: | 2023-10-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

A Gen Xer is looking for an in-person job after not working in an office for 17 years. Though he hasn't secured a new role yet, he wants to return to a close-knit, in-person office. In 2021, the software architect quit a remote job he'd held for 15 years. Employers are figuring out what sort of hybrid structure works best for productivity and team cohesion, though the Gallup study showed hybrid work is here to stay. Swanson's story shows that while some workers are sure they will never return to a 9-to-5 office job, others are craving face-to-face interaction with coworkers.

Persons: hasn't, —, Grant Swanson, I'm, Swanson, biked, Gallup, — Swanson, he's Organizations: Service, Gallup, San Locations: San Francisco, blindspots

From mobile banking and online bill pay to direct deposit and digital payment apps, the waves of cashless options seem to swell by the day leaving a steep learning curve in their wake. Digital payment apps are the new norm for teensI talked to Ruben Salazar Genovez, global head of Visa Direct, about the survey. According to the survey, digital payment apps like Venmo, PayPal, and Zelle are the second most popular form of payment, trailing behind cash, for transactions between parents and teens. As digital payment apps gain steam, that means financial literacy is more important than ever. Payment apps are creating new avenues for fraudEmerging technologies have given rise to new forms of fraud, and digital payment apps are no exception.

Persons: Xer, Ruben Salazar Genovez, I've, Genovez, it's Organizations: Visa, PayPal, Monopoly, Football, Banking

☆ A Gen Xer quit his remote job of 20 years when his company called him back to the office. Now he worries he's screwed as remote jobs dwindle nationwide.
▼ + stars: | 2023-09-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A Gen Xer quit his remote job of 20 years after his company ordered him back to the office. He said it's been difficult finding a new remote job even with decades of experience. Remote jobs on ZipRecruiter's platform, which are also narrowing, get nearly three times the number of applicants as in-person roles. He suspected that even though remote work was effective for him, his company wouldn't be making many exceptions. "But I'm just having more trouble than I thought finding a remote job, but I keep trying."

Persons: Xer, it's, —, Mark Yampanis, Yampanis, doesn't, hasn't, wouldn't, didn't, He's, I've Organizations: Service Locations: Berkeley , California, California

☆ Gen X isn't financially prepared for retirement
▼ + stars: | 2023-09-27 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

New York CNN —Gen Xers are now in their 40s and 50s and account for about a fifth of the US population. And the median amount that Gen X households have in retirement savings — meaning half have less, half have more — is just $40,000. “Retirement savings for Generation X is highly concentrated among the highest earners,” the report notes. Nevertheless, the average Gen X retirement savings balance (nearly $130,000 for individuals and $243,000 for households) suggests that many higher earners may not be saving enough, if those savings are intended to be one’s main source of income in retirement. Also, changes to an existing Saver’s Credit may help lower income Gen Xers.

Persons: Xers, ”, Tyler Bond, Gen Xers, Stark, Rowe Price, —, “ Organizations: New, New York CNN, Boomers, National Institute on Retirement Security, Social Security, Social, Fidelity, Vanguard Locations: New York

☆ Meet a Gen Xer with $145,000 in student debt who said she had to sell items on eBay to afford loan payments: 'It makes me feel tremendously hopeless'
▼ + stars: | 2023-09-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Helena, 58, has $145,000 in student debt that she's struggling to pay off. Since she could not afford to finance her programs out of pocket, she took out about $80,000 in student loans for her bachelor's and master's degrees in psychology, the latter of which she earned in 2009. Because of her minimal income, she could not afford to pay off any of her student loans for a period, and interest accrued. Interest on student loans began accruing again last week, and borrowers' first bills are due in October. One 70-year-old borrower said in 2021: "When student loans took over my life, I stopped looking forward to anything.

Persons: Helena, She's, — Helena couldn't, It's, she'd, Helena —, Joe Biden's, He's Organizations: Service, Ohio —, eBay, Education Department Locations: Wall, Silicon, Ohio, Helena

☆ 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

☆ A Gen Xer with $47,000 in student debt just got word his loans will finally be wiped out after nearly 3 decades of payments
▼ + stars: | 2023-07-30 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Jason Harmon, 54, has $47,000 in student debt he's been paying off for nearly three decades. Jason Harmon, 54, has $47,000 in student debt that could soon be forgiven through a one-time account adjustment. "With these changes, you are now eligible to have some or all of your student loans forgiven because you have reached the necessary 240- or 300-months' of payments under IDR." And that's really the most important feeling that I'm going to get out of this," he said. I'm not going to believe the government's letter, I'm going to believe the credit report," Harmon said.

Persons: Jason Harmon, he's, Harmon, Joe Biden's, Harris, isn't, It's, it's, I've, I'm, you'll, – Organizations: Education Department, Service, University of Arkansas, Joe Biden's Education Department, Biden, Harris Administration Locations: Wall, Silicon, Arkansas, MOHELA, —

☆ Gen Xer left a job at Apple to open a BBQ restaurant in Mexico City—it made $9 million in sales last year
▼ + stars: | 2023-07-15 | by ( Celia Fernandez Beatriz Bajuelos Castillo Tasia Jensen | Celia Fernandez | Beatriz Bajuelos Castillo | ) www.cnbc.com time to read: +4 min

Defossey and Luna opened the first Pinche Gringo restaurant in an airstream in 2013. The pair decided to name the restaurant Pinche Gringo, which means "Darn American," and pokes fun at the idea of them opening a BBQ restaurant in Mexico City. The Pinche Gringo BBQ warehouse is the biggest location and can hold up to 3,000 people. Being a Texas-style BBQ restaurant in Mexico City isn't the only thing that sets the Pinche Gringo brand apart. The group owns and operates seven restaurants, including sandwich shops, a bar, and the Pinche Gringo BBQ warehouse.

Persons: Dan Defossey, Defossey, Roberto Luna, Luna, Tasia Jensen, Beatriz Bajuelos Castillo, DeFoseey, Groupo Organizations: America, Apple, Marketing, Latin America, Mexico City, CNBC, Defossey, Mexico City isn't Locations: Long Island , New York, Texas, New York, Mexico City, Mexico, United States, Jamaica, agua horchata

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