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☆ ChatGPT, AI Tech Will Worsen America's Loneliness Crisis, Friendship Recession
▼ + stars: | 2023-06-07 | by ( Daniel Cox | ) www.businessinsider.com time to read: +14 min

And there are definitely areas where AI chatbots could be useful — especially when it comes to business. Artificial IntimacyThe shift toward AI relationships isn't just a theoretical possibility: Some entrepreneurs and companies are already working to create chatbot-driven connections. While it has garnered a lot of attention, CarynAI isn't the first attempt at providing people with companionship through an AI chatbot. Snap recently deployed its own AI chatbot, called My AI, aimed at supplementing social interactions on the app. In researching new AI chatbots, I was struck by the missed opportunity for disconnected people to forge new connections.

Persons: ChatGPT, Derek Thompson, —, you've, Eric Klinenberg, Jenny Leigh, isn't, Caryn Marjorie, Marjorie, Caryn, CarynAI, Replika, Evan Spiegel, Joshua Bote, Zers, Brent Orrell, Daniel Cox Organizations: Pew Research Center, University of Pennsylvania, Software, New York, Washington Post, San Francisco Chronicle, Brown University, Hasbro, Science Foundation, Survey Center, American Enterprise Institute Locations: New York City

☆ Alo Yoga says it's the 'Tesla' of athleisure, and it's loosening Lululemon's grip on Gen Z
▼ + stars: | 2023-06-07 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +5 min

Alo Yoga's "studio-to-street" fitness clothes are a hit with Gen Z and Gen Alpha, the Wall Street Journal reports. Segment leader Lululemon faces growing competition not just from upstarts like Alo, but also legacy brands like Nike. Alo Yoga is building a following among two key demographics, Gen Zers, loosely defined as those born between 1997 and 2012, and their younger counterparts, Gen Alpha, according to an article in The Wall Street Journal. Alo YogaAlo's growth was boosted by influencers and its digital rootsAlo Yoga started in Los Angeles in 2007. It's created openings for others beyond Alo, but Alo certainly has started to set itself apart as a power brand in its own right."

Persons: Alo Yoga's, Gen Z, Alpha, Alo, —, Lululemon, Alo Yoga, Gen Zers, Gen Alpha, it's, I'd, Andrew Lipsman, Lipsman, Hailey Bieber, Bella Haddad, Budrul Chukrut, Danny Harris, Wall, It's, Lisman Organizations: Wall Street, Nike, Service, Street, Intelligence, influencers, Ford, GM, Chrysler Locations: Los Angeles, China, Alo

☆ AI Tech Like ChatGPT Will Make Americans More Lonely
▼ + stars: | 2023-06-07 | by ( Daniel Cox | ) www.businessinsider.com time to read: +14 min

☆ TikTok isn't only for Gen Z: From Boomers on up, older people are posting and reaping the benefits
▼ + stars: | 2023-06-05 | by ( Josée Rose | ) www.businessinsider.com time to read: +4 min

A quick search reveals #over55ontiktok has 47.4 million views, and @oldgays has 11 million followers. Her agency works with Amazon and others to find TikTok influencers over 55. "Older influencers have popped in popularity recently," Karwowski told the Times. And while these older influencers probably won't generate enough income to retire on, it can help give them a financial boost, the Times says. Posting on TikTok could encourage retirees to overcome ageist stereotypes that insinuate older adults and technology don't mix.

Persons: —, Zers, TikTok, Mae Karwowski, Lillian Droniak, Karwowski, they've, Harry Styles Organizations: Service, New York Times, Amazon, Times Locations: TikTok

☆ The average shopper with student loans is a 37-year old earning $65,000 whose philosophy is 'Live for Today'
▼ + stars: | 2023-06-05 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

The survey results reveal a bunch of fascinating findings, especially when student loan consumers are compared against the average US adult over 18. The average income for student loan consumers was $65,400, slightly less than the $66,200 for the average US consumer. Student loan consumers are more likely to have purchased something from Nike over the past six months than any other brand. UBS argues the end of the student loan payment moratorium will hit a bunch of brands and retailers like American Eagle Outfitters, Nike, and Gap. As my colleague Ayelet Sheffey has reported, the Biden administration remains confident that the Supreme Court will rule in its favor over the legality of its student debt forgiveness.

Persons: —, Jay Sole, They're, Levi's Jeans, Calvin Klein, Armour, Zers, Ayelet Sheffey, Biden Organizations: UBS, Service, Student, Nike, American Eagle Outfitters, TIAA Institute

☆ Over 40% of Gen Z are investing because they're driven by FOMO, survey finds
▼ + stars: | 2023-06-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Over 40% of Gen Z are investing because they're driven by FOMO, a new survey shows. In trying to meet financial goals, over 80% of American Gen Z started investing before the age of 21. That climbs to 60% of Gen Z in China who started investing because of FOMO. Over 80% of Gen Zers in the US and UK began investing before the age of 21 as well as 79% of Canadians and 63% of Chinese Gen Z investors. Only 7% of Gen Z in China started investing before they were 18 years old.

Persons: Z, —, Zers, Gen Xers, Gen, Gen Z, Gen Zers Organizations: Service, CFA Institute, Financial Industry, Authority Investor Education Foundation, Deloitte Locations: Canada, China

☆ More and more Gen Zers and millennials are demanding work-life balance
▼ + stars: | 2023-06-04 | by ( Josée Rose | ) www.businessinsider.com time to read: +3 min

Gen Zers and millennials are continuing to rethink their identities in relation to their jobs. But there is a strong desire among these generations to achieve better work-life balance. In fact, more than any other trait among their peers, Gen Zs and millennials admire the ability to balance work and life priorities, the survey found. Both Gen Zers and millennials worry that if the economy worsens, it will make it more difficult for younger workers to ask for flexibility at work and improve their work-life balance, the survey found. Though respondents do believe employers have made progress enabling better work/life balance since pre-pandemic, according to the survey.

Persons: Gen Zers, —, Zers, Zs —, millennials, Gen Zs, Gen Z, they're, Insider's Juliana Kaplan, Rebecca Knight, Gen Z haven't, Z's, Insider's Alexandra York, didn't Organizations: Deloitte, Service, Elon Locations: Germany

☆ Want to know why younger generations seem so pissed? Look at the housing market.
▼ + stars: | 2023-06-04 | by ( Matt Turner | ) www.businessinsider.com time to read: +6 min

But the biggest issue is probably a housing market that simply feels unfair. From a shaky economy to student debt, to general inflation and spiking healthcare costs, there's lots to be worried about. "One was the long, weak labor market in the wake of the Great Recession, and the other is how badly the housing market functions." When you look at the housing market, it's particularly grim right now. But while Americans have different health situations (and lifestyles and levels of student debt), all of them live somewhere.

Persons: Gen Zers, —, Zers, Josée Rose, there's, Matt Yglesias, Phil Rosen, Goldman Sachs, James Rodriguez, Pew, John Myers, Ben Southwood, Sam Bowman, homebuyers Organizations: Service, Deloitte, TIAA Institute, Federal Reserve Bank of New, Mortgage, Association, Commonwealth Fund Locations: Federal Reserve Bank of New York, New York, isn't

☆ Some people are apparently ditching their iPhones for a foldable Razr model. Yes, the kind that was popular 20 years ago.
▼ + stars: | 2023-06-03 | by ( Tim Paradis | ) www.businessinsider.com time to read: +3 min

A Motorola exec said that one in five people buying a model of its foldable phone were iPhone users. Apple is rumored to be making — or at least investigating making — a foldable phone of its own. One in five people purchasing Motorola's Razr phone apparently gave up an iPhone to do so. Yi's comments came ahead of the June 23 release of the Razr Plus phone, which features a larger screen and starts at $999.99. Foldable phones are a blast from the pastAnd for all the retro energy of flip phones, there's no guarantee that younger buyers will embrace them.

Persons: Allison Yi, Yi's, it's, It's, Zers, Stephanie Elliot, Elliot Organizations: Motorola, CNET, Apple, Google, Samsung Locations: America

☆ Here’s how much Americans have in their 401(k)s at every age
▼ + stars: | 2023-06-03 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Gen Z's retirement savings have grown more than any other generational cohort over the past year, Fidelity Investment's latest retirement analysis reveals. Fidelity defines Generation Zers as those born between 1997 and 2012. The average 401(k) balance for a Gen Zer is about $7,100, as indicated by Fidelity data provided to CNBC Make It — significantly higher than the cohort's median 401(k) balance of $2,500. This disparity isn't unique to Gen Z: Americans' average overall 401(k) balance is $108,200, compared to a median of around $23,700. Here's how much Americans have saved in their 401(k)s by generation, according to Fidelity:

Persons: Gen, Gen Zers, It's Organizations: Fidelity, CNBC

☆ Top 10 workplace trends on TikTok this year: quiet quitting, bare minimum Mondays, and more
▼ + stars: | 2023-06-03 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

TikTok has become a popular place for employees to vent and share tips for navigating the workplace. Data from project management software firm Workamajig revealed the prevailing workplace trends. From quiet quitting to Bare Minimum Mondays, these are the top 10 workplace trends on TikTok. "Quiet quitting and other growing trends emerged post-pandemic as a response to the hustle culture (which glorified overworking)," Esther Cohen, the director of marketing at Workamajig, said in an email to Insider. Together, the top 10 workplace trends on TikTok this year have racked up more than a billion cumulative views.

Persons: TikTok, Workamajig, —, Esther Cohen, Zers, it's, Cohen Organizations: Service Locations: Workamajig

☆ Why Gen Zers and millennials are looking for second jobs
▼ + stars: | 2023-06-03 | by ( Josée Rose | ) www.businessinsider.com time to read: +4 min

The high cost of living is the "top societal concern" of Gen Zers and millennials, a Deloitte survey found. Financial concerns have pushed 46% of Gen Zs and 37% of millennials to find a second job. The 2023 survey of more than 22,000 Gen Zers and millennials around the world found the high cost of living is the "top societal concern" of both generations, with 51% of Gen Zers and 52% millennials reporting they live paycheck to paycheck. Also, 46% of Gen Zs and 37% of millennials have taken on either a part- or full-time paying job in addition to their primary position, according to the survey. A March survey of 1,009 adults ages 24 to 35 by TIAA Institute found that 51% of Gen Zers and millennials don't expect to do as well financially as their parents.

Persons: Zers, Gen Zs, They're, —, Gen Zers, Zs, Michele Parmelee, Eve Upton, Clark, It's, millennials, Upton, Erik Baker Organizations: Deloitte, Service, Amazon, TIAA Institute, Harvard

☆ Are You a Summer? Are You a Winter? Why Millennials and Gen Zers Are Dressing for Their ‘Seasons’
▼ + stars: | 2023-06-02 | by ( Grace Rasmus | ) www.wsj.com time to read: 1 min

WOMEN HAVE many layers. In 2023 you could be—simultaneously—a mother, an activist, a stockbroker, a summer… Hold up; what’s that last one? Ah, yes: The idea of referring to yourself as a “season,” and dressing accordingly, is back. To older generations, the mention of this 1980s-era concept might induce shudders. But some millennials and Gen Zers are embracing this way of dressing—and it looks a little different than it did 40 years ago.

Persons: Zers

☆ Even if you can't keep your kids off social media, you can moderate their time online—here's how, from a therapist
▼ + stars: | 2023-06-02 | by ( Renée Onque | ) www.cnbc.com time to read: +6 min

And it may seem like the simple solution is to keep young kids off of social media platforms entirely, but that's not realistic for everyone. The age of 13 is "too early" for children to use social media, he said earlier this year . When you approach them about their online activities, you shouldn't only ask about whether or not they're on social media. Create a family plan for social media useMake a decision, as a family, about these key factors:What age can children in our family start using social media? To help your kids avoid developing a reliance on social media for connection, guide them to other activities for social interaction, Doumas says.

Persons: Doumas, Stacy Doumas, Murthy, Vivek Murthy, Gen Zers, Kelly Evans Organizations: Child, Psychiatry, Hackensack Meridian's Jersey Shore University Medical Center, CNN, U.S Locations: Hackensack Meridian's

☆ About 9% of adults in 30 countries identify as LGBTQ, survey says
▼ + stars: | 2023-06-02 | by ( Meron Moges-Gerbi | ) edition.cnn.com time to read: +2 min

CNN —About 9% of adults across 30 countries around the world identify as LGBTQ, according to a new Ipsos poll. The survey released Thursday indicates Millennials and Gen Zers are more likely to identify as queer, bisexual, pansexual, omnisexual, or asexual than older generations. Respondents included more than 22,514 adults under the age of 75 in 30 countries who answered the survey online between February 17 and March 3. Among the countries surveyed, the survey shows more than half of respondents said they support same-sex marriage where it is legal. Women are also significantly more likely than men to support same-sex marriage, the survey said.

Persons: Zers, Nicolas Boyon, ” Boyon, Boyon Organizations: CNN Locations: Thailand, Italy, Spain, United States, Eastern Europe, Great Britain, “

☆ As Wall Street pushes valuations of AI companies into the atmosphere, America's small businesses are getting more 'AI curious,' survey shows
▼ + stars: | 2023-06-01 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

"Small businesses are AI-curious," American Express said about its survey of 550 small business leaders. "Small businesses are AI-curious," American Express said about the results of its recently released survey of 550 small business leaders. The survey, which ran in March, showed that 41% of small businesses are prioritizing AI to help them make decisions. The findings come as Wall Street is in the midst of an investment frenzy set off by last year's introduction of natural-language chatbot ChatGPT. But AI stocks have jumped so much that some on Wall Street think it's time to reduce risk and capture some profits.

Persons: —, Michael Landsberg Organizations: Express, Service, Nvidia, Big Tech, Google, Microsoft, Landsberg Bennett, Wealth Management

☆ 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

☆ Gen Zers are skipping New York and LA and flocking to smaller cities with cheaper homes, great jobs, and lots to do
▼ + stars: | 2023-05-30 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +8 min

Alex Akmal and her partner, Alex, along Memorial Union Terrace on Lake Mendota. In the case of Gen Z, one move often begets another, according to one demographer. Gen Z bonds have been cemented even more because many young people are delaying marriage and having children, the center found. After her studies, she said she might move to Washington, D.C., an even larger Gen Z hangout with those offerings and more. Cities must evolve for the futureFor whatever reason they are coming to these cities, these Gen Zers are here to stay.

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.

☆ A strange TikTok trend called 'sludge content' has Gen Z hooked. Here's what you need to know.
▼ + stars: | 2023-05-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

TikTok has a mindless new obsession called "sludge content." Gen Zers, already known for being overstimulated, are fixating on a TikTok trend that is making them even more so. Multiscreen videos, dubbed "sludge content," have been sweeping the platform. As well as "Subway Surfers," common clips used in sludge videos include screen recordings of various smartphone games and the TV show "Family Guy." The origin of the videos is unknown but some think they keep viewers watching content for longer.

☆ I'm a millennial CEO who hired Gen Zers. I was shocked by their desire for feedback and the help their social media knowledge brings.
▼ + stars: | 2023-05-27 | by ( Alexandra York | ) www.businessinsider.com time to read: +4 min

She recently hired two Gen Zers to help with social media. My Gen Z employees take ownership of tasks and are open to feedbackOur Gen Zers were onboarded very quickly; they didn't need as much hand-holding as I expected. Gen Z's knowledge of social media is critical for businesses todayGen Zers are constantly on TikTok. To keep up with our clients, we needed to bring on some Gen Zers who knew the trends and what influencers were up to. Many Gen Zers read major publications and keep up with the journalists and their work by following them on social media.

Persons: Jen Hartmann, Zers, Hartmann, —, it's, Gen, They'll, I've, Slack Organizations: Service, LinkedIn Locations: Louisville , Kentucky, TikTok

☆ In a TikTok world, many wedding traditions don't stand a chance
▼ + stars: | 2023-05-27 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +9 min

The wedding industry is beginning to see the fallout of this shift away from tradition. That meant "wedding TikTok" — with its dancing groomsmen and videographers turned influencers — was the next best thing. "So it is time for us in the wedding industry to expand the definition of what a perfect day means." Adrienna McDermott spent nine years in the wedding industry before starting a marketing agency for wedding professionals called Ava and the Bee. "It really opened up my eyes for the power of TikTok," Lee said.

☆ Housing Market Ice Age: Fewer Sales, Higher Home Prices, Less Inventory
▼ + stars: | 2023-05-24 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

The result is a housing market that's fundamentally out of whack. The housing market has changed for good — and with the benefit of time-earned wisdom, we can pinpoint the moment it entered a new era. Two big things happened during the initial response to the pandemic that launched the housing market past the point of no return. Both factors have propelled competition in the housing market to new heights and made it challenging for would-be buyers to find their footing. Some aspects of the pandemic-era housing market that once seemed "odd" are increasingly becoming new norms.

☆ Bosses want people in the office. The class of 2023 is ready.
▼ + stars: | 2023-05-21 | by ( Ethan Dodd | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Surveys show Gen Z and class of 2023 graduates want an in-person experience. In-person work can provide young workers with community, keep them engaged, and enhance their early workplace learning. Not so with Gen Z and the class of 2023. This generation wants the community, learning opportunities, and engagement that in-person work can provide — although some young professionals aren't a fan of in-office roles and prefer remote work. "Especially for new grads, they should balance the flexibility that they have for remote work and finding new opportunities with some of the benefits of in-person work," Pardue said.

☆ 3 Gen Zers on deciding to become full-time freelancers: ‘I wouldn't go back’ to a corporate job
▼ + stars: | 2023-05-21 | by ( Gili Malinsky | ) www.cnbc.com time to read: +4 min

A majority, 70% of Gen Zers consider freelancing to be as viable a career option as a typical office job, according to a February 2023 Fiverr survey of 7,121 Gen Zers from around the world. Gigi Robinson, 24, influencerGigi Robinson, 24, had long struggled with chronic illnesses like Ehlers Danlos Syndrome and endometriosis. When he moved to Boca Raton, Florida, at 15, he started making videos about what it was like for a Brazilian to live in the U.S. And those gained some traction. But though he'd hoped YouTube would become his full-time gig, the channel wasn't making much. He'd also started hiring freelancers to take on some of the work from his clients.

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