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☆ Your employer may be quiet quitting on you
▼ + stars: | 2023-06-27 | by ( Aki Ito | ) www.businessinsider.com time to read: +9 min

Some bemoaned it as quiet quitting; others celebrated it as a much-needed correction to the toxic demands of hustle culture. But employees, it turns out, aren't the only ones distancing themselves from the office: Employers are quiet quitting on the whole idea of traditional full-time employment. If workers are going to be remote, the thinking seems to go, why not get the cheapest remote workers available? That ruled out contractors, because contractors work remotely. And that could be a huge problem for everyone, given America's insistence on tying basic benefits to full-time employment.

Persons: Nicholas Bloom, Slack, they're, —, Gen Zers, It's, Bloom, they'll, Jessica Schultz, she's, Schultz, They're, it's, Liz Wilke, Aki Ito Organizations: Atlanta Fed, Stanford University, McKinsey Locations: American

☆ A millennial couple earning 6 figures pay $60,000 a year for childcare. It's their biggest financial burden.
▼ + stars: | 2023-06-27 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Like many millennials, Connell faces a more expensive version of parenthood than past generations. "One of the reasons we actually have an au pair is because day care kept shutting down." She added that no day care would be able to take on their youngest until April. "It's an additional $20,000 to $30,000 for her for that extra year of childcare," Connell said. "People are always so shocked to find out what we pay for day care," she said.

Persons: Paige Connell, Connell, —, Connell isn't, Annie E, Gen Zers, Zers, millennials, Paige Connell Connell, couldn't Organizations: Service, Casey Foundation, Deloitte Locations: Massachusetts

☆ Shein's average shopper is older than you think — and she's spending far more on clothing than your average American
▼ + stars: | 2023-06-26 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

The average Shein shopper is a nearly 35-year-old woman, according to a UBS report. While the average Shein customer skews older than the influencers associated with the brand, they are still 13 years younger than the average American adult shopper. The average Shein customer is female, earns $65,300 in annual income, and reported spending $100 per month on women's clothing. Shein customers also shop more frequently than the average American, both online and in stores. Environmental, social, and ethical business practices ranked among the lowest priorities for all American shoppers surveyed.

Persons: Shein, — Organizations: UBS, Service, UBS Securities, that's, Wall Street Journal, Walmart, Target, Shein, Google, Analysts Locations: TikTok, Amazon, Maxx

☆ 44% of people with a side hustle think they'll always need it — and more are picking one up
▼ + stars: | 2023-06-26 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

And when it comes to the future, 44% of side hustlers also believe they'll always need one. 'A lot of workers are underpaid'In part, many people who tack on a side hustle do so because their full-time job is not covering their expenses. The median hourly rate for a person working in the food industry is $12.49, according to the Bureau of Labor Statistics. Half of workers in North America believe they are underpaid for their job, according to a 2022 ADP survey of 3,850 North American workers. In May, inflation was up 4% year-over-year, according to the BLS.

Persons: Zers, Gen Xers, Ted Rossman, hustlers, they'll, Rossman Organizations: Bankrate, Service, Bureau of Labor Statistics, BLS Locations: North America

☆ As Gen Z enters the workforce alongside AI, staying nimble is key to building a career
▼ + stars: | 2023-06-25 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Gen Z has an opportunity to learn about and adapt to AI technologies in the workforce. Gen Zers are the youngest component of the workforce and have more working years ahead of them than older generations. But as digital natives, Gen Zers have natural advantages to survive and thrive in this new AI-driven economy. That can give the people adept at using AI more time and energy for the creative, innovative, and thought-provoking work they're looking for. So long as Gen Zers remain flexible and adaptive, they have the potential to flourish in the AI-driven workforce.

Persons: Gen Z, —, Zers, haven't, Gen Zers, Alexander Kvamme, Erin Reilly, Reilly, Reilly doesn't Organizations: Service, Moody College of Communication, University of Texas Locations: Austin

☆ Why Gen Zers are looking to Europe to achieve their American dream
▼ + stars: | 2023-06-24 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

For some Gen Zers, the "American dream" is inspired by European work culture. In fact, other American Gen Zers seem obsessed with it. Whether it's entrepreneurial ventures that allow for a flexible schedule or office jobs that promote work-life balance, some American Gen Zers are adopting European sensibilities when making decisions about their career and work life. Insider spoke with several Gen Zers about the Europeanization of their dreams. Young Americans see Europe as the ideal templateTo some American Gen Zers, Torres-Kennedy's life might seem like a dream.

Persons: Zers, —, Sofi Torres, Kennedy, Torres, I'd, she's, it's, Gen Z, Young, I've, Kennedy Davina Ramkissoon, she'd, Lily Rakow, Rakow, we're Organizations: Service Locations: Europe, Bordeaux, France, Chicago, America, Paris, Ireland, North America, Annapolis , Maryland, European

☆ Gen-Z homebuyers are flocking to these 3 cities the most - and avoiding California and New York
▼ + stars: | 2023-06-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Salt Lake City has become the most popular city for Gen Z homebuyers, a LendingTree report found. Expensive cities like San Francisco, New York, and San Jose, California, were the least popular among Gen Z. At the same time, adult Gen Zers have come of age in a remote-friendly professional landscape, altering beliefs about housing and location. The next two most popular cities included the relatively inexpensive Oklahoma City and Birmingham, Alabama, with mortgage requests hovering at 22.36% and 20.79%, respectively. The second and third least popular cities, per the report, were New York and San Jose, California, at 8.88% and 9.70%, respectively.

Persons: Gen Z, —, Zers, Gen, Louis, Gen Zers, LendingTree Organizations: Gen, Oklahoma City, Service, Gen Zers Locations: Salt Lake City, Oklahoma, Birmingham , Alabama, San Francisco , New York, San Jose , California, Indianapolis, Cincinnati, St, San Francisco, New York, California, San Jose

☆ ChatGPT probably won’t help you beat the stock market—but it can assist investors in other ways, says CFP
▼ + stars: | 2023-06-23 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

But letting AI build your portfolio probably isn't the best investment strategy anyway. Boneparth himself put ChatGPT's financial acumen to the test and says the results weren't great. After informing ChatGPT of this, it tried to correct the error but didn't necessarily pull the right information, he says. However, Boneparth says he was impressed by how close ChatGPT came to achieving what he asked. People who use AI tools like ChatGPT for financial advice may misunderstand the current capabilities and limitations of these tools.

Persons: Gen Zers, Douglas Boneparth, Boneparth, ChatGPT, hasn't Organizations: CNBC

☆ Opinion: If a 16 year old can drive, work, pay taxes – why can’t they vote?
▼ + stars: | 2023-06-22 | by ( Opinion Paul Hockenos | ) edition.cnn.com time to read: +8 min

In Germany, this age group can vote in European elections, and the same goes for Belgium, on request. And, when Scotland held its referendum on Scottish independence back in 2014, it lowered the voting age from 18 to 16. In the US, some cities in the states of Maryland and California have lowered the voting age to 16 in certain local elections. The US-based NGO National Youth Rights Association argues that 16- and 17-year-olds should participate on decision making on medical autonomy, curfew, drinking age and age discrimination. “They work and are subject to taxation without representation: income tax, sales tax, payroll taxes and more… The US should continue its democratic tradition of extending voting rights,” he added.

Persons: Paul Hockenos, ”, Paul Hockenos Hayyan, –, Kyriakos Mitsotakis, Grace Meng, Meng, ” Linda Kastrup, Neil Bhateja, Greta Thunberg, they’ll Organizations: CNN, New Democracy Party of Greek, YouTube, Facebook, European Union, Scotland, Scottish, Youth, Youth Rights Association, –, National Youth Rights Association, Twitter Locations: Berlin, Europe, New Berlin, Greece, Austria, Malta, EU, Germany, Belgium, Estonia, Maryland, California, New York, London, Bogota, Nairobi

☆ Avoid these 10 confusing phrases at work that 'can make you sound desperate,' say language experts
▼ + stars: | 2023-06-21 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Millennials use workplace jargon the most, while Gen Zers are the most annoyed by it. But, Wilson warns, using too much jargon "can make you sound desperate to belong." Office jargon doesn't just confuse the people you want to impress — it can also exclude or even offend them in some cases. Amidst the office jargon, there are also phrases with culturally insensitive undertones like "low on the totem poll," McCaskill points out. You might not be able to avoid jargon completely, but deferring to simple, clear language — and limiting how often you're using corporate colloquialisms — is the easiest way to sound smarter at work, McCaskill says.

Persons: Andrew McCaskill, Gen Zers, Hope Wilson, Wilson, —, Duolingo, McCaskill Organizations: LinkedIn, Ducks, Harvard Locations: United States, Australia, Japan, United Kingdom, U.S

☆ 10 Things in Tech: Google tells employees not to give AI chatbots confidential information, the rise of the ‘anti-work girlboss,’ and 31 rising stars of Los Angeles investing
▼ + stars: | 2023-06-20 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg at Facebook's first ever Meta Store Facebook/Meta1. The first "Meta Store" opened last year in Northern California and was designed to increase interest in Meta's VR headsets. Although a second store was in the works, someone familiar with the matter said that those plans faltered after slowed revenue. Google tells employees not to put confidential info into AI chatbots — including its own Bard. Reddit CEO Steve Huffman said subreddit mods have too much power.

Persons: I'm, Siu, Zers, haven't, Jordan Hart, Mark Zuckerberg, Facebook's, Martin Gilliard, hasn't, Kali Hays, chatbots, Steve Huffman, Mudassir Sheikha, Ron DeSantis, Thiep Van Nguyen, Lionel Richie, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: Meta, VR, Big Tech, Google, Tech, Tesla, Gov, Puget Sound Naval Shipyard, Navy, Hewlett Packard Enterprise, VMWare, Dallas Cowboys, Mitsubishi Locations: Sacramento, Northern California, Angeles, Florida, Connecticut, USS Connecticut, Dublin, Ireland, Melbourne, Australia, Las Vegas, San Diego, San Francisco, London

Gen Zers' and millennials' attitudes often contrasted with those of boomers, the survey found. Many Gen Zers and millennials are delaying making financial plans because they're time-consuming and complicated, a survey has found. More than a quarter of the Gen Zers and millennials that were surveyed said it seemed "too complicated to create one. Gen Zers have had to navigate graduating from high school and college via Zoom before entering an unsteady jobs market. Comparisons with their friends and family influence how Gen Zers and millennials perceive their wealth, Charles Schwab's report found.

Persons: Charles Schwab, Gen Zers, Zers, Z, Credit Karma, –, Charles Schwab's, hadn't, Gen Organizations: Logica Research, Credit, of America Research, US

☆ Meet a millennial mom who paid over $22,000 for daycare last year — and had to quit her job when her second kid came along: 'We don't really have a village of any sort'
▼ + stars: | 2023-06-19 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Kaitlin Peterson is a millennial parent paying tens of thousands of dollars for day care. Like when our kid gets sick and we have to go to the urgent care at night, it's just us. Peterson has no regrets about having kids, but understands why people opt outEven with all of the challenges she faces as a millennial parent, Peterson said she finds immense joy in having children. "Anyone who tells you that like, 'Oh, you can just fit a kid into your life' — they're lying," Peterson said. Peterson believes that you can have a "totally fulfilling" life without children; for her, her life is more fulfilled with them.

Persons: Kaitlin Peterson, Peterson, —, would've, Kaitlin Peterson Gen Zers, Peterson isn't, Zers, Gen Zers, millennials, aren't, it's, " Peterson, They've, that's, It's Organizations: Service, Deloitte Locations: Denver

☆ Gen Z is good business: Alex Cooper's new media company shows the allure of targeting young consumers
▼ + stars: | 2023-06-17 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Gen Z has some $360 billion in global spending power — something brands want to tap into. That's a large chunk of Gen Zers and Zillennials, the subgeneration between millennials and Gen Z. "Signaling to the Gen X crowd, 'Hey, we're a Gen Z media company. You're a company that doesn't know Gen Z and you want to sell to Gen Z. "It's really to attract the corporate partners, the advertisers, and to say 'We're the gateway to the Gen Z audience.'"

Persons: Alex Cooper, Cooper, Matt Kaplan, Z, —, fiancé Matt Kaplan, Kaplan, Gen Z — Cooper, Gen, That's, Jared Watson, University's, Zers, Kitty, Watson, hadn't, we're Organizations: Spotify, Service, Entertainment, Pew Research, University's Stern School of Business, Variety, Media, Gen, Companies Locations: New, millennials, Pennsylvania

☆ In a poll of 120,000 workers around the world, more than half were found to be 'quiet quitting,' and Gallup thinks it could cost the global economy $8.8 trillion
▼ + stars: | 2023-06-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Gallup says "quiet quitting," in which workers do the bare minimum, is a global phenomenon. Forty-four percent of respondents also said they'd experienced stress at work the previous day. Gallup's 2023 State of the Global Workplace report surveyed 122,416 employed respondents ages 15 and over in more than 160 countries from 2022 to 2023 and concluded that 59% of the workers worldwide were "quiet quitting." The report used respondents' answers to a series of 12 questions to split those surveyed into three categories at work: engaged, not engaged, and actively disengaged. Gallup's report estimated that such low engagement at work was costing the global economy $8.8 trillion, or 9% of global gross domestic product.

Persons: Gallup, they'd, —, it'd, Gallup didn't, Gen Zers, Zers weren't Organizations: Service, Gallup, Deloitte

☆ 'It costs money to owe money': How to balance student loans and saving for retirement
▼ + stars: | 2023-06-15 | by ( Isabel Engel | In Isabel--Engel | ) www.cnbc.com time to read: +5 min

For those fresh out of college and newer to the workforce, it can be challenging to figure out how to balance between managing looming student loan debt and saving for your future. And after a three-year pause, federal student loans will resume accruing interest on Sept. 1, with payments coming due in October. "It costs money to owe money. Ultimately, the sooner you can pay off your student debt — by making minimum payments and paying a little more each month if you can — the less you will pay overall. "Start taking a little bit of money away that will cover two months' worth of your student loan debt and a couple of months' rent," he says.

Persons: —, Chris Briscoe, Gen Zers, Briscoe, Andrew Meadows, Meadows, Roth, Roth IRAs Organizations: Girard Advisory Services, CNBC, College, Savings Locations: United States

☆ How to feel wealthy. (Hint: It's not just about the money.)
▼ + stars: | 2023-06-15 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

Younger generations said being able to afford their friends' lifestyle made them feel wealthy. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyDo you feel wealthy? For example:Sixty-one percent of Gen Z respondents and millennial respondents said "being able to afford a similar lifestyle as my friends makes me feel wealthy." Forty-six percent of Gen Zers said they felt somewhat or very wealthy, with this number rising to 57% for millennials. Similarly, "not having to stress over money" was more than twice as popular as "having more money than most people I know."

Persons: —, Schwab, Gen, Gen Zers, Rob Williams, Charles Schwab, Zers, it's, you've Organizations: Service, Younger, Federal Reserve

☆ TikTok is dialing up its efforts to dominate in search and it should scare Google
▼ + stars: | 2023-06-13 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +3 min

TikTok is testing a visual-search tool in its shopping tab that could put more pressure on Google. A May analyst report said TikTok may be "the most imminent threat to Google's Search dominance." TikTok is testing a new visual-search tool within its shopping feature that could dial up the pressure on search-giant Google. The short-video app has already become a go-to search engine for Gen Zers looking for restaurants or how to do things, threatening Google's search dominance. "Younger Gen Z users don't have the baggage and memory of opening the browser and searching on Google," he continued.

Persons: Zers, TikTok, Bernstein, Mark Shmulik, ChatGPT, Shmulik, They're, Z, Yelp, Morgan Stanley Organizations: Google, Tech, YouTube, Bloomberg Locations: Asia, TikTok

☆ Meet the typical South Korean millennial: educated, overqualified for the job market, and part of the 'kangaroo tribe' that can't afford to leave their parents' homes
▼ + stars: | 2023-06-12 | by ( Matthew Loh | Reena Koh | ) www.businessinsider.com time to read: +2 min

Kwon, 28, swam for his varsity team at Yonsei University, one of South Korea's top colleges. But like most young and unmarried South Koreans, he lives with his parents, and despite earning more than the national average, he won't even consider buying his own home for the next 10 years. Kwon and Hong belong to Generation MZ, a collective term for South Korea's millennials and Gen Zers, who often get grouped together for their digital fluency and outlook on life. Generation MZ — anyone born between 1980 and 2005 — accounts for almost a third of the country's population of around 52 million people. Insider spoke with five South Koreans of Generation MZ, as well as finance and generational experts, to gain a better understanding of the generation.

Persons: Kwon Joonyeop, Kwon, Kwon Joon, yeop Kwon, Hong Seo, yoon, She's, Hong, she's, Korea's millennials, Gen Zers Organizations: Yonsei University, South Koreans, Seoul National University, Korean Broadcasting System, Korea's Locations: Korea's, Gangnam, glitzy, Seoul, Korea, Seoul —

☆ Why I've stopped telling myself to 'be more ambitious'
▼ + stars: | 2023-06-11 | by ( Josée Rose | ) www.businessinsider.com time to read: +4 min

As a woman, and a woman of color, I've grappled with the definition of ambition. As a woman, and a woman of color, I've grappled with the definition of ambition. Stauffer's article points out that people have probably heard that they're either too ambitious, or not ambitious enough — or maybe they've heard both! Of course, one's idea of ambition (and how ambitious to be) can be shaped by our gender, race, and class. But if you went to an Ivy League school, or work more than 50 hours a week, own a home, or make $200,000 a year, does that mean you're ambitious?

Persons: I'm, —, Rainseford Stauffer, I've, isn't, Stauffer, Alexandra York, we're, let's Organizations: Service, Guardian, Ivy League, Glamour Magazine Locations: Maryland

☆ Barack Obama shares his No. 1 piece of career advice for Gen Z: 'Just learn how to get stuff done'
▼ + stars: | 2023-06-11 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

The secret to building a successful career is becoming a better problem solver, says former President Barack Obama. No matter what disruptions shake up the economy — whether it's the pandemic, AI or climate change— being a resourceful, adaptable employee will make you indispensable, Obama told LinkedIn News' "This Is Working" podcast on June 1. "The most important advice I give to young people is … just learn how to get stuff done," Obama explained. "Gravitate toward work that solves a problem," the Microsoft founder told students at Northern Arizona University's commencement ceremony last month. "You're killing it … because people will notice, that's somebody who can get something done."

Persons: Barack Obama, Obama, Zers, I've, Bill Gates, —, that's Organizations: Microsoft, Northern, New York Locations: Northern Arizona, New

☆ Gen Zers are the worst tippers
▼ + stars: | 2023-06-10 | by ( Gloria Dawson | ) www.businessinsider.com time to read: +3 min

In a recent survey from Bankrate, Gen Z respondents were identified as the worst tippers. But like so many issues of the moment, Gen Z has a slightly different take and response to the situation. A recent survey from Bankrate found Gen Zers, or people 18-26 years old, are the generation least likely to tip. More than half of Baby Boomers surveyed tip at least 20%, but only a quarter of Gen Zers do. But just 22% of Gen Zers felt that way.

Persons: Tipping, Gen, —, Z, Bankrate, Zers, Gen Z, Gen Zers, Ted Rossman, Gen Xers, Rossman, Boomers, it's Organizations: Service, Baby Boomers, Boomers Locations: Bankrate

☆ Flexibility and perks at work aren't one size fits all, and employers need to realize that
▼ + stars: | 2023-06-10 | by ( Josée Rose | ) www.businessinsider.com time to read: +5 min

One of the top demands is a four-day workweek, according to the KPMG Talent Survey of 1,035 US adults, conducted from mid-April to May 1. According to participants, 82% of employees would be interested in a 10-hour, four-day workweek, and nearly half (47%) see it as highly appealing. "Having a four-day workweek, even if you're working longer days during those four days, enables you to have the flexibility of three days off without work. Agarwal wrote, "as productivity tools with artificial intelligence catch on and more high-ranking executives acknowledge the importance of rest, the four-day workweek could become more commonplace." Besides four-day workweeks, employees also showed when it comes to perks at work, millennials are more likely to care about perks than other generations.

Persons: KMPG, —, It's, Sandy Torchia, backtracked, Gen Zers, Torchia, Shubham Agarwal, Sen, Bernie Sanders, Agarwal, I'd, aren't Organizations: Service, KPMG, Farmers Group, KPMG Talent Survey, Boomers

☆ Americans are tipping less often than ever. Nearly 1 in 3 say tipping culture is 'out of control.'
▼ + stars: | 2023-06-08 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Americans say they are tipping workers less often over the last 3 years. A new survey from Bankrate shows that people are getting increasingly frustrated with tipping. Among the 2,400 people who took part in a new survey from Bankrate, two-thirds said they have at least one negative opinion of tipping, with 30% saying they believe tipping culture has gotten "out of control" in recent years. "Few topics elicit as many passionate opinions as tipping," Bankrate senior industry analyst Ted Rossman said in a post about the survey. Only half of the 2,400 people said they always tip food delivery people, along with 40% that always tip taxi, Lyft, or Uber drivers.

Persons: Zers, —, Ted Rossman, Gen Zers, McDonald's Organizations: Service, Baltimore Apple, Walmart Locations: Bankrate, Colorado

☆ Millennials and Gen Zers are the most concerned about AI and their jobs
▼ + stars: | 2023-06-08 | by ( Josée Rose | ) www.businessinsider.com time to read: +3 min

Millennials and Gen Zers are "extremely or very" concerned about how AI will affect their careers. Gen Zers haven't lived through as many tech evolutions as Gen Xers and Boomers. Indeed, Insider's UK bureau chief, Spriha Srivastava, has written how the flurry of Gen AI tools is getting out of control , creating a generational divide. These types of efforts are meant to help "demystify the impact that Gen AI has on our jobs," Torchia said. "We have a responsibility to train people on how to responsibly use Gen AI to get work done."

Persons: Millennials, Zers, Gen Zers haven't, Xers, Sandy Torchia, Gen Zers, Gen Xers, Torchia, they've, They've, Torchia siad, Spriha Srivastava, Matt Turner, There's Organizations: Service, KPMG Talent Survey, Boomers, Insider's, PwC, KPMG

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