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☆ Young men aren't working as much as they used to — and they have less financial freedom than previous generations
▼ + stars: | 2023-06-03 | by ( Jacob Zinkula | Jason Lalljee | ) www.businessinsider.com time to read: +5 min

25-year-olds were less likely to be working full-time in 2021 than previous generations. That's driven by men working less than they did four decades ago. 66% of 25-year-olds in 2021 were working full-time, down from 73% of 25-year-olds in 1980. Four decades ago, 85% of 25-year-old men were working full-time. 61% of 25-year-old women were working full-time in 2021 — in line with the 61% that did so in 1980.

Persons: —, there's, grads, Jason Schenker Organizations: Service, Privacy, Pew, Survey, Boston Fed, National Bureau of Economic Research, Prestige Economics

☆ Imagining a New Filipino American Neighborhood Into Being, Starting With Food
▼ + stars: | 2023-06-02 | by ( Tejal Rao | ) www.nytimes.com time to read: +2 min

In the past decade, both Andrew Zimmern and Anthony Bourdain called Filipino food the next big thing for the United States. Locally, the restaurant critic Jonathan Gold wrote that 2017 was a pivotal moment for Filipino dining in Los Angeles. He started his pop-up business Regi’s Turo Turo at the end of last year, setting up outside coffee shops to grill skewers and sell bundles of vegan pastil, made from mushrooms, wrapped in banana leaves. Follow New York Times Cooking on Instagram, Facebook, YouTube, TikTok and Pinterest. Get regular updates from New York Times Cooking, with recipe suggestions, cooking tips and shopping advice.

Persons: Andrew Zimmern, Anthony Bourdain, Jonathan Gold, Turo, —, Esquejo, Delgado Organizations: Pew Research, California State University, New York Times, Facebook, YouTube Locations: United States, Los Angeles, Long Beach, Chinatown, Millennials, Manila

☆ Money stored in payment apps like Venmo may be more vulnerable than bank deposits, CFPB says
▼ + stars: | 2023-06-01 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

WASHINGTON — Money held in non-bank, peer-to-peer payment apps is not guaranteed for federal deposit insurance protection, which makes the funds more vulnerable, the Consumer Financial Protection Bureau warned on Thursday. More than three-quarters of U.S. adults have used a payment app, according to the Pew Research Center. Some invest the money in interest-earning loans and bonds instead of depositing into a traditional bank or credit union. But the insurance is only provided under certain conditions and does not protect users' money if the parent app collapses. Until then, app users must be proactive in moving money into an insured financial facility until a method is adopted, the agency said.

Persons: Millennials, Rohit Chopra, CFPB, Chopra, Elon Musk, Zelle Organizations: WASHINGTON, Consumer Financial, Pew Research Center, Twitter, PayPal Locations: U.S, Venmo

☆ Who does inflation hit hardest? Experts weigh in on how higher prices impact households
▼ + stars: | 2023-06-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Fizkes | Istock | Getty ImagesStubborn inflation has driven households near the breaking point, but the pain of high prices has not been shared equally. The lowest-paid workers spend more of their income on necessities such as food, rent and gas, categories that also experienced higher-than-average inflation spikes. Because higher-income households spend relatively more on services, which notched smaller price increases compared with goods, they came out ahead. Middle-income households see slower wage growthBy other measures, Americans in the middle class are getting especially squeezed. watch nowEconomists' definitions of middle class vary.

Persons: Laurence Kotlikoff, Tomas Philipson, Brian Albrecht, Albrecht, Philipson, Aron Levine, Boston University's Organizations: Istock, Getty, Boston University ., White House Council, Economic, University of Pennsylvania's Wharton, Finance, International Center for Law, Economics, Congressional, Office, Pew Research Center, Bank of America Institute, Bank of, Boston, Consumer Financial, Bureau

The overall fertility rate was 56.1 births per 1,000 women ages 15-44, holding relatively steady from the rate of 56.3 in 2021. After a sharp drop in 2020, birth rates rose in 2021 — the first increase since 2014 — but the numbers still reflect a decline that began before the pandemic. When people have their first child later, they tend to have fewer children overall, Levine explained. Birth rates among women in their late 30s and early 40s rose in the last decade, and the birth rate among women over 45 also exceeded one birth per 1,000 population for the first time in more than a decade. Meanwhile, the teen birth rate dropped to a record low in 2022.

Persons: Phil Levine, Levine, ” Levine, “, Carolina Aragão, ” Aragão Organizations: US Centers for Disease Control, Wellesley College, Brookings Institution, CNN, Pew Research Center, CDC Locations: Carolina

☆ 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

☆ Your next job may depend on how well you understand AI tools like ChatGPT
▼ + stars: | 2023-05-30 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Companies are looking at ways to implement tools like ChatGPT into their products and workflows. But pretty much anyone with a job, beyond just tech, will need to get to grips with AI and its potential. On Monday, Jensen Huang, the CEO of chip giant Nvidia, suggested workers should find a way to make AI work to their favor. ChatGPT shifted priorities for corporatesThe release of OpenAI's ChatGPT in November has coincided with a shift in priorities for companies across the board. Meanwhile a survey of 3,000 employed Americans by HR software firm Checkr found that 79% of workers are feeling the pressure to learn more about AI tools.

☆ The collapse of the 'unremarkable middle' might be the best way to describe what's going wrong for retailers right now
▼ + stars: | 2023-05-30 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Stores like Bed Bath & Beyond are an "unremarkable middle," Dennis said on the Remarkable Retail podcast. Fewer middle-income consumers mean a shrinking shopper base for retailers that historically catered to the middle class, Retail Dive reported in 2019. "The apocalyptic part is really about the collapse of the unremarkable middle," Dennis said on the podcast. That's putting new pressure on the "unremarkable middle," Dennis said. "Economic pressure is going to reveal more fragility on the part of many retailers," Dennis added.

In 2019, Pew Research Foundation officially established a generation after millennials, Generation Z. Generation Z includes anyone born between 1997 and 2012. The newest addition to today's workforce is Generation Z, born between 1997 and 2012. Meanwhile, most of Generation Z doesn't remember the event at all. "We look forward to spending the next few years studying this generation as it enters adulthood," Dimock wrote of Generation Z, adding that it's always possible that new data could give researchers a reason to reevaluate these generational boundaries.

☆ 6 remote and hybrid companies that help pay for employees' vacations—and are all hiring now
▼ + stars: | 2023-05-29 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

That's according to a new report from Expedia, which warns that Americans are suffering from "vacation deprivation." Earlier this year, the trip-planning platform surveyed 14,527 people in more than 10 countries, including France, Mexico and Canada. People cited inflation, staffing shortages and busy schedules as the biggest impediments to taking more time off. To stave off burnout and improve employee retention, some companies are taking this perk a step further and offering to help offset the cost of employees' vacations. If you're looking for a flexible job that will allow you to work remotely and help you afford to travel more, these six companies offer remote opportunities and give employees money to help offset the cost of their trips, according to FlexJobs:

☆ Workers value paid time off more than health insurance, survey suggests
▼ + stars: | 2023-05-28 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

More workers said paid leave was extremely important to them than those valuing health insurance. Almost half of workers who get paid time off don't usually use up all their allocation, it found. That's higher than the 51% who said employer-funded health insurance was extremely important, with 28% saying it's very important. Just over 90% of upper-income workers surveyed by Pew had employer-funded health insurance, dipping to 82% for middle-income workers and just 60% for those on lower incomes. Only about half of the workers surveyed said they were extremely or very satisfied with their job, with just 34% happy with how much they're paid.

☆ Disney is seriously unpopular with GOP primary voters in key states, internal DeSantis 2024 campaign data and leaked audio show
▼ + stars: | 2023-05-26 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +9 min

But DeSantis 2024 campaign polling shows it could help him with Republican voters in a primary. Ryan Tyson, pollster for the campaign, found the company was deeply unpopular among Republicans primary, according to findings shared with The Messenger. "The campaign thinks this is a very good issue for primary voters," Dan Eberhart, CEO of drilling services company Canary, LLC, told Insider. Neither campaign responded to a query from Insider addressing whether they had polling that conflicted with the DeSantis campaign findings. When combining this week's calling efforts with online donations, the DeSantis campaign raised $8.2 million in the fist 24 hours of the campaign.

But in the last few years, increasing pay transparency has become a common cause for young workers, anti-discrimination advocates, and, increasingly, state legislators. But employers in states with transparency laws make up for it by imposing informal rules that prevent employees from talking about pay. If the "new norm" of salary transparency had supplanted the old taboo, then we'd expect a large majority to chafe under outdated restrictions against discussing pay. Strong support for managers in general appears to translate into strong support for managerial approaches to pay secrecy or transparency. If salary transparency is actually going to become the "new norm," it will clearly require more than our existing set of state laws.

☆ Young adults are taking longer to reach 'key life milestones' impacting finances later, analysis shows
▼ + stars: | 2023-05-24 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Young adults in the United States are taking longer to reach "key life milestones," including financial independence from parents and living on their own, compared to four decades ago, according to a Pew Research Center analysis released on Tuesday. Today's young adults are closer to full-time employment and financial independence by age 25, the analysis of Census Bureau data shows. Financial independence is defined as having a single income of at least 150% of the poverty level. And only one-quarter were financially independent of their parents, versus more than 40% in 1980, the analysis found. "I would argue that young adults now are facing much higher costs for housing," buying a car, food and gas, Rossman said.

Persons: Ted Rossman, Rossman Organizations: Pew Research, Finance, House, Social Security, PayPal, Bankrate Locations: United States

☆ Social media is driving teen mental health crisis, surgeon general warns
▼ + stars: | 2023-05-23 | by ( Erika Edwards | Hallie Jackson | ) www.cnbc.com time to read: +4 min

The report, released Tuesday, calls attention to growing concerns about the effects of social media use on children and adolescent's mental health. The advisory urges policymakers and the companies that make the social media platforms to share with parents the burden of managing children's and adolescents' social media use. About a third say they're scrolling, posting or otherwise engaged with social media "almost constantly." The surgeon general's report also blamed social media for perpetuating eating disorders, body dysmorphia and low self-esteem. Twenge said social media can affect mental health in a variety of ways.

Persons: Vivek Murthy, Murthy, Jim Steyer, Jean Twenge, Gen X, Silents, Twenge, that's Organizations: Media, Pew Research Center, San Diego State University

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.

☆ Twitter’s top users are posting less since Elon Musk takeover last year, survey finds
▼ + stars: | 2023-05-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwitter’s top users are posting less since Elon Musk takeover last year, survey findsCNBC's Andrew Ross Sorkin reports on the latest survey results from Pew Research Center.

A main focus of Trump's attacks has been Social Security - the federal pension system - and Medicare. I will always protect Social Security and Medicare for our great seniors." Today, party leaders and many Republican voters oppose reforming Social Security and Medicare because so many Americans rely on the programs. They are reliant on Social Security and Medicare and they worry about this stuff," Feehery said. INSULTS KEEP COMINGThere is so far no clear polling on how Trump's attacks on entitlement spending have impacted DeSantis.

☆ Trump is right: He's directly responsible for the state of abortion access in the country. He's also the source of the backlash against it
▼ + stars: | 2023-05-17 | by ( Madison Hall | ) www.businessinsider.com time to read: +5 min

Trump said on Wednesday that he alone is responsible for the progress the anti-abortion movement has made in recent years. "Without me the pro Life movement would have just kept losing," Trump posted to Truth Social. Thank you President TRUMP!!!" Ultimately, Trump's Wednesday Truth Social post is true — there isn't anyone currently more responsible for the current state of abortion rights in America. But don't expect a Truth Social post about that anytime soon.

☆ Twitter's top users are posting less since Musk takeover last year, Pew Survey shows
▼ + stars: | 2023-05-17 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Twitter's power users are still coming to the app, but fewer are posting on it since Elon Musk's acquisition late last year, according to a survey from Pew Research Center. The new data underscore the challenges facing Twitter's incoming CEO, Linda Yaccarino, who will replace Musk. The Pew survey also showed most of Twitter's content is produced by a small group of power users. "Since Musk's acquisition, 20% of U.S. adults on the site have produced 98% of all tweets by this group," the survey said. Watch: Elon Musk on Twitter's new CEO

☆ Why so many people making $100,000 a year don't feel rich
▼ + stars: | 2023-05-17 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

And if I could get to $100,000, I figured, I'd be rich, or at least comfortable, which is how rich people say "rich." Does a $100,000 salary make you 'rich'? You don't have to be an economist to know that earning $100,000 in New York City is different than earning $100,000 in Memphis, Tennessee. Because Tennessee doesn't tax earned income, a Memphis resident earning $100,000 takes home $74,515 after federal and state taxes, according to analysis by SmartAsset. How to make $100,000 feel more like $100,000

☆ Drivers are delivering food orders to migrants stuck at the Mexican border near San Diego, report says
▼ + stars: | 2023-05-14 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Some have resorted to placing food delivery orders to eat, Rest of World reported. One woman told Rest of World she paid $100 for a whole chicken because the Uber Eats driver didn't have change. Jesús Vargas, a delivery driver based in Tijuana, told Rest of World he's delivered Taiwanese food to some migrants. Immigration advocates previously told Insider that migrants who failed to use the app were being penalized. Border patrol agents were stopping volunteers on the US side of the border from providing charging stations, per the outlet.

☆ Moms and worried and stressed. Here are 4 strategies they can use to juggle family, work, and everything else.
▼ + stars: | 2023-05-14 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Surveys show that American moms are stressed, burned out, and anxious about their children. Experts have said there are concrete steps working and non-working moms can take to ease the burden. Some surveys have shown that American moms are stressed, burned out, and anxious about their children. The effects have particularly destructive consequences for working moms, she told Insider. In household-management terms, this means assessing family needs, identifying solutions to meet those needs, and implementing strategies.

☆ The Real Reason Rent Costs Are Sky High: People Left Their Roommates
▼ + stars: | 2023-05-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

Though rent growth has slowed in recent months, renters in large cities are still feeling the effects of the 2021-22 rent boom. Residents of these places are now asking the question: If so many people left, why is my rent still so expensive? The first was outbound migration, which led to weaker housing demand in city centers. "High house prices, high rents, and rising interest rates are probably pushing back against household formation," Ozimek told me. If more employees keep adopting remote work — which, I'll admit, is a big "if" — that indicates housing demand is bound to increase.

☆ Tucker Carlson is popular with the boomers, but at Twitter he will be courting a different — and much younger — audience
▼ + stars: | 2023-05-10 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

The median age of Twitter users is much younger than that of Fox News viewers, reports show. Tucker Carlson is officially moving to Twitter, but whether his loyal — and older — Fox fans will follow is yet to be seen. In a video, Carlson touted the social media platform to his seven million followers as a place of "free speech." Back at Fox News, the median age of an average viewer was 65, according to Nielsen ratings. A Pew Research study shows a stark difference: The median age of a Twitter user is 40.

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