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☆ America’s housing dream is broken
▼ + stars: | 2022-11-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

New York CNN Business —A little over a decade ago, the dominant narrative about the housing market was that Millennials simply weren’t buying. As that 2020 housing boom begins to go bust, those who managed to close on a home in the crush of competition fed by rock-bottom mortgage rates should count themselves extremely lucky. “And this year were facing increasing home prices while mortgage rates are also climbing.”Oh yeah, one other thing: In addition to mortgage rates going up, home prices also shot up, with the median peaking at $413,800 in June. As affordability reaches crisis levels, now is a good time for federal and local governments to rethink the way we frame the American Dream. Another strong data point on jobs will only reassure the Fed that the labor market can withstand more rate hikes.

☆ Meagan Loyst, the 25-year-old founder of Gen Z VCs, is leaving her investing role at Lerer Hippeau to focus on the online community full-time
▼ + stars: | 2022-11-02 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +3 min

Meagan Loyst, an associate at VC firm Lerer Hippeau, is leaving to focus on Gen Z VC full-time. After investing in dozens of founders over the past two years as an associate at venture-capital firm Lerer Hippeau, Meagan Loyst is stepping away to focus on Gen Z VCs, the online community she founded. After getting flooded with responses, she set up a Slack channel to connect around 700 Gen Z founders and investors, and the group has continued to grow since. Through Gen Z VCs, Loyst plans to host networking events in major cities, much like the group's summits in Chicago and Los Angeles last month. She also intends to monetize her own online following as a Gen Z expert through her online newsletter, "The Gen Z POV," video content on TikTok and YouTube, and speaking at summits.

☆ Women athletes now have their own sports network
▼ + stars: | 2022-11-02 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +4 min

The first-ever network to focus on female athletes, the Women's Sports Network, launched Wednesday, offering 24/7 streaming of original programming, competitions, documentaries and a daily studio show "Game On." The Women's Sports Network is a free, ad-supported network featured on streaming services including Amazon.com 's Freevee, Fox Corp .'s FuboTV and Tubi, along with smart TVs. The Women's Sports Network has partnerships with the Women's National Basketball Association, Women's Football Alliance, Ladies Professional Golf Association, U.S. Female athletes at the collegiate level are also proving to be winners in the NIL era, garnering deals with brands including Nike now that college athletes can be paid for their name, image and likeness. "The Women's Sports Network is exactly what athletes, fans and sponsors have been asking for," Mollie Marcoux Samaan, commissioner of the Ladies Professional Golf Association, said in a release announcing the network launch.

☆ One sentence from the Fed got markets all worked up. Then Powell spoke
▼ + stars: | 2022-11-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

BIG PICTUREThe Fed is operating on data that’s offered a murky view of the economy’s health in recent months. On one hand, the housing market is cooling off markedly, but higher borrowing costs so far haven’t made a dent in inflation. That may reassure the Fed that there’s room to keep rate hikes going without triggering a recession. There is a glut of avocados in America and that’s triggered a steep drop in wholesale prices. Don’t yell at me, I don’t make the rules…Anyway, starting Thursday, it’s festive cup season, which Starbucks fans seem excited for.

☆ How to better your employee experience to avoid a staff of quiet quitters
▼ + stars: | 2022-10-31 | by ( Sponsor Post | Created Slack With Insider Studios | ) www.businessinsider.com time to read: +6 min

A September 2022 poll by Gallup found that "quiet quitters make up at least 50% of the US workforce." For some employers, the concept of quiet quitting might stoke fears of disengaged workers doing the bare minimum. Lead with empathyConsidering how employees' time should be prioritized will help you decide how your team needs to work together. Eliminate meeting fatigueMeeting fatigue is real, and at Slack, we believe there are better ways to communicate than back-to-back meetings. To streamline tasks and free up time for the work that's actually part of your job description, teams turn to Slack workflows.

☆ Most of Gen Z doesn't think they'll ever be able to buy a house — so they're living with their parents and working multiple jobs
▼ + stars: | 2022-10-24 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

A new McKinsey survey finds that Gen Zers don't feel secure in their jobs, and can't buy homes. The youngest generation in the workforce is more likely to hold multiple jobs or be gig workers. In the wake of the pandemic, Gen Z disproportionately bore the brunt of job losses. And Gen Zers, whose oldest members are around 25, may have seen key life milestones particularly disrupted by the pandemic. A June survey from Credit Karma found that 29% of Gen Z was living at home, either with parents or other relatives.

☆ Tupperware wants to jump from grandma’s cupboard into the cool kids’ homes
▼ + stars: | 2022-10-22 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +5 min

New York CNNBusiness —Tupperware wants to be where the cool kids play. That means shedding its throwback to its Mad Men-era image, and positioning Tupperware products as buzz-worthy, high-utility and with an environmentally-friendly purpose. Another idea is to collaborate with a fridge manufacturer to have a line of refrigerators that come outfitted with Tupperware storage containers inside. Tupperware containers, in a way, also could be helping to also reduce food waste. “We’d like to think those were many meals that were stored in the fridge in Tupperware products.”

☆ A psychiatrist explains how to deal with 'career milestone FOMO' when it seems like everyone you know is getting promoted
▼ + stars: | 2022-10-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Gen Z is experiencing widespread "career milestone FOMO," Dr. Anisha Patel-Dunn told Insider. There is a widespread "career milestone FOMO" among young Americans, Dr. Anisha Patel-Dunn, a psychiatrist of college-aged students and Chief Medical Officer at LifeStance Health, told Insider. "Social media also plays a role in the "FOMO" experience because it increases your exposure to other people's lifestyles and standard of living." This "milestone FOMO" is not just a US phenomenon either. And with the emergence of social media platforms like Twitter and LinkedIn over the past decade, he says things have gotten even worse.

☆ Gen Zers are socking away 14% of their income for retirement, a higher share than older adults
▼ + stars: | 2022-10-21 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +1 min

The nation's youngest workers appear to be taking the save-for-retirement message to heart, research suggests. Defined as workers ages 18 to 25, Generation Z is saving an average of 14% of their income for their golden years, according to new study from BlackRock. Among millennials (ages 26-42), Gen Xers (ages 43-55) and baby boomers (ages 56-75), the average is 12%. However, the overall share of workers across all ages who think they're on track with their retirement savings has fallen to 63% from 68% in 2021, the research shows. Retirement plan sponsors' confidence also is down: 58% say their employees are on the right path, compared with 63% last year.

☆ Netflix and Disney+ subscribers are eager for cheaper plans with ads, a new survey found. Here are 3 takeaways that can help the streamers lure more viewers.
▼ + stars: | 2022-10-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

A new survey shows about half of Netflix and Disney+'s current subscribers are open to a cheaper version with ads. Here are more key takeaways:5 minutes is the sweet spot for adsFor Netflix specifically, subscribers were asked about their tolerance for ads. A Kagan analysis "suggests that a sizable number of new and existing subs for both Netflix and Disney+ will opt for ad-supported tiers." Older, less affluent users are more interested in ads versionThose most interested in Netflix's ad version skew older and less affluent, Samba TV and HarrisX found. There's high potential interest among non-subscribersThe Samba TV-HarrisX survey also found broad interest in Netflix and Disney+ with ads among non-subscribers.

☆ How Gen Z is rewriting dating, marriage and family plans for their 20s: 'I have so much stuff I have to worry about'
▼ + stars: | 2022-10-18 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

It's an interesting trend for today's Gen Z students who are short-term anxious but long-term confident about their work and lives, says Christine Cruzvergara, chief education strategy officer at Handshake, the job-search platform for college students. Pragmatic goals around career, self-discovery and funSome Gen Zers are trading traditional life milestone goals for ones they have more control over. Speaking as a recent grad, Jade Walters agrees that taking control of her career means de-prioritizing other life goals. The 23-year-old is a Howard University grad who in her final months of school launched the Ninth Semester, an early-career resource for Gen Z professionals. Jade Walters, 23, works a corporate job in Chicago and runs the Ninth Semester, an early-career resource for Gen Z professionals.

☆ 'Making $10k a month is not that hard': How TikTok influencers are luring followers with deceptive promises of side-hustle riches
▼ + stars: | 2022-10-17 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

And some of the dollar amounts passive-income influencers are touting in their posts are eye-popping. Even when the stakes are somewhat lower, passive-income influencers fail to give viewers the full picture. While this method cuts out some of the upfront costs, making money on digital products is still incredibly difficult. Making money as an entrepreneur takes hard work, skill, and a bit of luck — but that message doesn't sell as well. What does sell is the new American dream of making money in your sleep — and side-hustle promoters are more than happy to keep selling it.

☆ The South Asian comedians who walked so Gen Z could run
▼ + stars: | 2022-10-16 | by ( Sakshi Venkatraman | Sakshi Venkatraman Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +10 min

Those kids are now young adults, and that state of South Asian comedy looks far different than it did 10 years ago. “The South Asian people I grew up with, we were all collectively embarrassed of our culture and background,” said Ayaon Yadav, 21. If not for the Indian comedians before me who did use the Indian accent, I would not be where I am today. “I don’t do the Indian accent because I feel like, in a way, the punch line becomes the accent,” she said. “But if not for the Indian comedians before me who did use the Indian accent, I would not be where I am today.

☆ Mark Cuban explains why he didn't retire early despite his wealth: 'I'm not retired because I'm too competitive'
▼ + stars: | 2022-10-16 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +4 min

Entrepreneurs Mark Cuban and Kevin O'Leary found early retirement unfulfilling. "Working is not just about money," O'Leary said. In 1991, the average retirement age was 57, and in 2022 it is 61, Gallup data from the past 21 years shows. Thirty-six percent of older Americans can't afford one year of basic elder care, the Center for Retirement Research found. Depending on how lawmakers attempt to address the program's solvency issues going forward, the normal retirement age might get pushed even higher.

☆ For 12 years, Nike has reigned supreme with teens as their favorite clothing brand
▼ + stars: | 2022-10-14 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +3 min

Nike is the most popular clothing brand for teenagers in the US, according to a semiannual survey. Nearly a third of Gen Zers identified the brand as their favorite. The investment banking firm surveyed 14,500 teens about their brand preferences, behavior, and habits for the fall 2022 study, and 31% ranked Nike as their favorite clothing brand, up from 30% in spring 2022. Below are the five clothing brands American teens most prefer to deck out in. A push for 'casualization'In 2019, Insider asked 1,800 young Americans about their favorite places to shop for clothing.

☆ From Whole Foods to Gamestop, here are 5 retailers that accept crypto—but there's a catch
▼ + stars: | 2022-10-14 | by ( Cheyenne Devon | ) www.cnbc.com time to read: 1 min

Nearly 40% of millennials and Gen Zers who own cryptocurrency plan to use it to make payments, according to PYMNT and BitPay's "Paying With Crypto" survey. About 75% of them plan to begin accepting crypto or stablecoin payments within the next two years, according to a recent Deloitte survey. A number of companies are already welcoming payments with digital currencies — just not directly. For example, Flexa, a digital payments platform, partners with a variety of retailers and enables them to accept payments made with crypto such as bitcoin and ethereum. Users store their crypto in the app's digital wallet and then can use a code to spend their funds at various participating stores.

☆ 3 ways college students can make the most of professional networking sites
▼ + stars: | 2022-10-13 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

However, most of us don't put that same dedication toward professional networking platforms, which could be hindering potential job opportunities. Similarly, when using Handshake, a recruiting platform for college students, 80% of students who completed their profiles were contacted by recruiters. "Complete your experience, complete what you're interested in, and make sure you note the geographic areas that you would be open to. Note whether or not you're interested in part-time versus full-time opportunities right now. Students can also sign up for webinars, panels, and information sessions on Handshake for companies or organizations they may be interested in.

☆ The Children's Place goes full-on into grown-up wear
▼ + stars: | 2022-10-12 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

Recognizing that all-day “casual comfort” is now an acceptable sartorial standard, even for adults, kids’ clothing seller The Children’s Place is going full-on into grown-up wear. The retailer on Wednesday launched a new sleepwear and loungwear brand called PJ Place that specifically targets Millennials and Gen Zers. PJ Place products, priced at $10.95 to $69.95, include pajama sets, robes, thermal sets, graphic tees, socks and slippers for young adults and older shoppers. PJ PlaceTo that end, Markee said PJ Place aims to expand the company’s market share in the adult sleepwear and loungewear space overall. Going after the adult sleepwear and loungewear market is a smart move, said Maria Rugolo, apparel industry analyst with market research form NPD.

☆ 86% of Gen Z interns think a recession is coming—and it's changing their approach to their careers
▼ + stars: | 2022-10-12 | by ( Jennifer Liu | ) www.cnbc.com time to read: +7 min

Cassidy Case is a few months into her fall internship, but she's already planning ahead for summer. As young workers search for stability and meaning when entering the working world, they're changing their behaviors and mindsets to "recession-proof" their futures. At this stage of their lives and careers, Gen Zers want flexibility in the way they live and work most of all, Cruzvergara says. At the University of Arkansas, 21-year-old senior Oliver Sims also has his summer work plans locked in. "You could work remotely from your parents' house for a company with an office based in New York."

☆ Over half of Gen Z and millennials could face a retirement crisis as inflation rises and homeownership falls, says a Boston University economist
▼ + stars: | 2022-10-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Over half of Gen Z and millennials could enter retirement with insufficient savings, says a Boston University economist. As of 2017, roughly half of all retirement age Americans had no personal retirement savings, per a January Census Bureau report. While the expectation that young Americans will live longer than the generations before them is a positive development, this also raises the total cost of retirement. "The retirement age will rise and it's been rising," he said, pointing to BLS projections of older workers' labor force participation. To prepare for retirement, Kotlikoff says Gen Zers should be saving 15% of what they earn after taxes, although he adds that that "may well be on the low side."

☆ Meta’s headset makeover yields a $1,500 toy in search of a purpose
▼ + stars: | 2022-10-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

On Tuesday, Meta unveiled its latest effort in that mission, the Meta Quest Pro headset. But it costs $1,500 — nearly four times that of the company’s cheapest Quest 2 headset. Wages are up an estimated 5% this year in manufacturing — that’s not keeping up with inflation, but it is in line with the national average. “But by and large our manufacturing jobs today are high tech.”Bottom line: The labor story in America remains one where the narrative of recent history doesn’t quite hold. In most downturns, we’ve seen manufacturing decline, giving it a bad rap as a job that’s going extinct.

☆ An exclusive look at the 19-slide pitch deck a real-estate-investing startup aimed at millennials and Gen Zers used to raise a total of $9 million
▼ + stars: | 2022-10-11 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

Fintor raised $6.2 million in October, bringing its total funding to $9 million. The fractional-real-estate firm caters to younger investors by making buy-ins low — as little as $5. Its CEO, Farshad Yousefi, walked Insider through the pitch deck Fintor used to raise the money. Backers including Public.com, Hustle Fund, 500 Global, and Graphene Ventures contributed $6.2 million to Fintor's latest funding round, bringing the total raised since 2021 to $9 million. Yousefi argued that investing in real estate via traditional means — like buying a home, getting a mortgage, and renovating it yourself — can turn off younger investors.

☆ The CNBC FA 100 ranking recognizes advisory firms that help clients navigate their financial lives
▼ + stars: | 2022-10-04 | by ( Kelli Grant | Cfp | ) www.cnbc.com time to read: +4 min

The top-ranked advisors on the CNBC list have an average 30 years in business and collectively have more than $300 billion in assets under management. The CNBC FA 100 recognizes those advisory firms that best help people navigate their financial lives. Working with an advisor has financial benefitsThe pandemic spurred consumer interest in working with a financial advisor. Yet reports indicate that many consumers aren't thinking about an advisor as their first choice for financial help. How, and how much, you pay for financial advice can also vary widely by advisor and the scope of services.

☆ Young Black activists are done waiting their turn for political office. They're taking on the 'John Lewis generation' of elder lawmakers who they say are out of touch.
▼ + stars: | 2022-09-29 | by ( Elvina Nawaguna | ) www.businessinsider.com time to read: +30 min

Most members of the Congressional Black Caucus are twice as old as the median Black person living in the US. The Congressional Black Caucus, a powerful voice for Black Americans, is significantly older than those it speaks for. Clay had replaced his father, William Lacy Clay Sr., a civil-rights icon and founding Congressional Black Caucus member who had represented the area since 1969. Tom Williams/CQ-Roll Call, Inc via Getty ImagesThe Congressional Black Caucus is reckoning with a leftward shift it's struggled to embrace. A spokesperson for the Congressional Black Caucus did not respond to Insider's request for comment.

☆ Sorry, millennials, you're never getting a good home
▼ + stars: | 2022-09-29 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

Like a lot of millennials, Enrique Gonsalves is a victim of poor timing. For most millennials, born between 1981 and 1996, the path to homeownership has been fraught with pitfalls and false starts. Add it all up, and the homeownership rate among millennials is lagging that of previous generations. Compared with these generations, millennials have more debt, a lower net worth, and a worse chance of making more than their parents. Those factors, particularly the rise in student debt, have prevented millennials from getting a home.

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