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Young Gen Z adults are skipping college in favor of trade schools and tech training. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDespite a bad reputation for devaluing education and sneering at work, Gen Z might just be thinking outside the box. This story is available exclusively to Business Insider subscribers.
Persons: Young, , Gen Organizations: Service, Trade, Business
A review of remote jobs worldwide found data scientists earned $132,000 on average. Greenback Expat Tax Services reviewed 6,800 job listings and polled 1,000 Americans on remote work. Many Gen Z workers are interested in becoming digital nomads, seeking flexibility and travel. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The findings by Greenback Expat Tax Services, which provides tax services for expats, were based on a review of nearly 6,800 job listings posted on Indeed from around the world.
Persons: Organizations: Expat Tax, Service, Tax, Business Locations: expats
She said nearly everything is more expensive in St. Louis compared to Dallas, from groceries to gas to various taxes. Census data shows that between 2021 and 2022, about 494,000 people moved out of Texas, while over 668,300 people moved in. Nearly 9,200 people moved from Texas to Missouri during this period. AdvertisementTheir son attended the University of Missouri, where her husband went, and he settled in St. Louis. AdvertisementThey looked around St. Louis for two years but couldn't find much on the market.
Persons: Donna, Louis, Missouri Donna, St . Louis, It's, didn't, she's, She's, it'll Organizations: Service, Texans, Lone Star State, University of Minnesota's, Texas, Air Force, University of Missouri Locations: Dallas, Fort Worth, St, Texas, Missouri, Europe, St .
Taylor Swift's 'Eras' tour features custom Christian Louboutin shoes adorned with strass crystals. Luxury cobblers say the shoes are well-built and are a status symbol. The cobblers also say Louboutin shoes are getting more popular — and Swift may have played a part in that. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFor the past year, pop megastar Taylor Swift has been prancing around her glitzy "Eras" tour stage in pairs of red bottoms adorned with crystals.
Persons: Taylor Swift's, Swift, , megastar Taylor Swift, Christian Louboutin, Styles, Eleonora Botta, Cate Boot Organizations: Service, Vogue, Business
It also reflects that there's money in the system — but Chinese consumers are just really not that keen on dropping their hard-earned cash at Starbucks or Gucci. China's demand for gold jewelry softened in the first quarter of this year due to the surge in gold prices but was still holding up well, according to the council. Gen Z Chinese consumers ditch luxury for goldUnlike the rush into gold assets, Chinese consumers are not running out to buy even more stuff, particularly foreign imports. China's savings rate was around 32% last year — compared to around 4% in the US, according to a McKinsey analysis of official data. "Chinese households are increasingly confronted by the weak long-term Chinese growth outlook and the slumping prices in China's residential real estate market," said Biswas.
Persons: , Rajiv Biswas, Gen, LVMH Moët Hennessy Louis Vuitton, Gucci, Yves Saint Laurent, Laxman Narasimhan, Nomura, Lynn Song, Jean, Jacques Guiony, Biswas, McKinsey Organizations: Service, Gucci, Business, World Gold, Bloomberg, Starbucks, Huawei, Nomura, ING, McKinsey Locations: Japan, China, American, Greater China
Opinion: Alito’s second red flag
  + stars: | 2024-05-26 | by ( Kirsi Goldynia | )   time to read: +18 min
This is not the first time Alito has found himself in hot water over displaying a controversial flag on his property. The upside-down flag, a signal of distress, was adopted by Trump supporters who believed the false claim that the election had been stolen. (Alito said his wife had raised the upside-down flag in response to a disagreement with a neighbor. The discovery also comes at a time when the Supreme Court will be making a decision about Trump’s claims of sweeping presidential immunity, his get-out-of-jail-free card for the federal cases he faces. “The notion that the Supreme Court can be trusted to be an arbiter above partisan politics has suffered major blows in recent years.
Persons: , Scott Peck, Samuel Alito, , Alito, Joe Biden’s, Trump, Julian Zelizer, Walt Handelsman, Michael J, Broyde, Ruth Bader Ginsburg, Donald Trump, , , ” Nikki Haley’s, Nikki Haley’s, Nikki Haley, Haley, Nancy Pelosi, She’s, Joe Biden ‘, I’ve, ” Clay Jones, Drew Sheneman, Judge Juan Merchan, Robert Costello, Michael Cohen, Norm Eisen, Costello, ’ Merchan, cautioning, , Eisen, Sunak, Rishi Sunak, Henry Nicholls, Holly Thomas, Sunak —, Thomas, Joel Pett, Adolf Hitler, Ruth Ben, Hitler, Benito Mussolini, Said Ben, Anna Sauerbrey, Sauerbrey, Biden, America —, Richard Curtis ’, Julia Roberts, Hugh Grant, Laura Beers, it’s, , Ebrahim Raisi, Frida Ghitis, Ali Khamenei, Peter Kuper, Cagle, “ I’m, What’s, Benjamin Netanyahu, Yoav Gallant, Yahya Sinwar, Mohammed Diab Ibrahim al, Masri, Ismail Haniyeh, Peter Bergen, ” Netanyahu, Israel’s, Netanyahu, Kerri Kennedy, Biden “, Israel, ” Don’t, Agency Carrie Sheffield, Noah Berlatsky, Singleton, Biden’s Morehouse, Jill Filipovic, Diddy, Cassie Ventura, Catherine Tan, Shanahan, Brian Castrucci, Frank Luntz, Mark Zandi, Trump Will Cathcart, Joyce M, Davis, Bill Maher, Jimmy Kimmel, Randy Holmes, Bill, ” Nicole Hemmer, Said Will, Maher, Hemmer, ” “ Maher, It’s Organizations: CNN, New York Times, Agency, Trump, South Carolina Gov, Republican, NHS, Labour, Tory, Social, Italiana, European Union, , Islamic, Education, Workforce, Harvard, University of California, Columbia University, Columbia, Criminal Court, ICC, Israeli, International Court of Justice, United Nations Security, American Friends Service Committee, RFK, Disney, Entertainment, Democrats Locations: Alito’s Virginia, New Zealand, AFP, , England, Trump’s America, America, Italian, Germany, Poland, France, Berlin, Hill, American, British, London, Notting Hill, Iran, Republic of Iran, Islamic Republic, University of California Los Angeles, Gaza, United Kingdom, Rafah, Georgia’s, Moscow, Africa
Mario Anzuoni | ReutersOff-price retailers like TJX Companies and Ross are still posting sales gains and taking market share from rivals, but it's not just because consumers are under pressure and hunting for value. TJX and Ross both reported fiscal first quarter earnings last week that came in better than Wall Street expected, even as both companies lapped outsize growth from the prior-year period. Ross, which runs Ross Dress for Less and dd's Discounts, posted an 8% jump in sales, bringing revenue to $4.86 billion, compared to estimates of $4.83 billion, according to LSEG. "That's because they're providing consistent value to the consumer – and that's branded consistent value to the consumer at a discount price," said Roach. The dynamic is a bit different at Ross, which has more exposure to the lower- and middle-income consumer than TJX does and competes more on price, said Siegel.
Persons: Mario Anzuoni, Ross, it's, TJ Maxx, they've, Jessica Ramirez, Jane Hali, TJX, they'd, They've, Goldman Sachs, Brooke Roach, John Klinger, Michael Hartshorn, Roach, Simeon Siegel, Siegel, Ernie Herrman Organizations: Maxx, Reuters, TJX, Associates, Wall, Marshalls, CNBC, Walmart, BMO Capital Markets, Brands Locations: Pasadena , California, Homegoods, Ross
In 2024, Gen Z workers are expected to outnumber baby boomers in the American labor force for the first time. CNBC Make It explores how Gen Zers are really putting their mark on career advice, office culture and more. Gen Zers, defined as people born between 1997 and 2012, are rethinking what it means to enter the workforce. A majority, 70% are currently freelancing or plan to in the future, according to a February 2024 Fiverr survey of 10,033 Gen Zers from around the world. More than half, 53%, of Gen Zers work full-time hours on freelance projects, according to a May 2024 Upwork survey of 1,070 Gen Zers.
Persons: Gen, Zers, They're, Upwork's, Kate Brunotts Organizations: CNBC Locations: New York
You’d think that would mean the economy is coasting, since periods of low unemployment are generally associated with higher rates of economic prosperity. That seems to be the case with a lot of recent economic data: No piece of good news comes without other evidence that give economists pause. “I wouldn’t give the economy a clean bill of health,” said Gregory Daco, chief economist at EY. But given consumer spending is one of the biggest drivers of the economy, a pullback can have adverse effects, too. The uglyThe biggest flashing red light in the economy right now is the level of debt people are racking up.
Persons: Zers, , Gregory Daco, Joe Biden, there’s, Donald Trump’s, Here’s what’s, Christopher Waller, ” Waller, ” David Alcaly, Daco, ” Sung Won Sohn Organizations: New, New York CNN, EY, of Labor Statistics, Federal, Gov, Lazard, CNN, New York Fed, Loyola Marymount University, SS Locations: New York, Wisconsin
Read previewFor Hannah Kristin, the last day of the workweek has a new name: Hair Mask Fridays. Sure, there were spurts of relaxed Fridays in manufacturing and Friday after-work drinking culture, but since the 1990s Fridays have been pretty much like every other day, according to Bloom. "And then from 2021 onwards, it started to become the WFH day. "Personally, I don't mind it, but driving in rush hour traffic every day twice a day is just not my favorite thing," she said. Are you completing side quests on WFH Fridays?
Persons: , Hannah Kristin, Kristin, It's, Tom Colella, Colella, they're, Nicholas Bloom, Bloom, Michele Allard, Sara Daigle, hybridly, Daigle, Gen Organizations: Service, Business, BI,, Stanford University, Daigle Locations: Chicago, New York City, Brooklyn, Manhattan, Dallas
Young men without college degrees have been dropping out of the workforce for decades. On Thursday, the Pew Research Center released a report delving into whether a college degree is worth it. The report compares economic outcomes for young adults who've completed a college degree with those who have not. "Accompanying that wages were also bid up for non-college educated young men at that time." Fry added, "the rising rates of young men with criminal records" could be a reason given they could have a hard time finding work.
Persons: who've, it's, , Richard Fry, Fry, Pew, Gen, millennials Organizations: Service, Pew Research Center, Business, Labor, Bureau of Labor Statistics, Pew, Deloitte
If your kids are working summer jobs, it's a prime opportunity to help them open a retirement account and start saving for the future, experts say. Roth individual retirement accounts can be "triple-tax efficient" for teenagers, according to certified financial planner Carol Fabbri, managing partner of Fair Advisors in Conifer, Colorado. Plus, Roth IRAs offer tax-free growth on investments, and withdrawals in retirement are generally tax-free, Fabbri explained. Of course, the power of long-term compound growth, or returns on your returns, only magnifies the sooner you start saving and investing, experts say. More than 8 in 10 teenagers are already thinking about retirement, but most mistakenly think savings is the best long-term strategy, according to a recent survey from Junior Achievement and MissionSquare.
Persons: Roth, Carol Fabbri, Roth IRAs, Fabbri, Gen Zers Organizations: Advisors, Finance, Junior Locations: , Colorado
Some of her most popular videos cover shows and movies like “The Vampire Diaries,” “Pirates of the Caribbean” and installments in the “Star Wars” franchise. None of them are nearly as long as her most recent video, “The Spectacular Failure of the Star Wars Hotel.”Over the course of 20 video chapters, Nicholson details her 2022 stay at the “Star Wars: Galactic Starcruiser” hotel in Orlando, Florida. The tale is likely familiar to Disney and Star Wars fans, many of whom heard about the high-dollar, high-concept hotel and its closure in 2023. The big draw of the hotel lay in what Disney marketing called an “immersive, customizable Star Wars experience” that Nicholson equated to LARPing, or live-action roleplaying. “I couldn’t care less about some dumb Star Wars hotel, but give me those 4 hours,” one X user said.
Persons: YouTuber Jenny Nicholson, , Nicholson, Allen J, Gen, Disney, Bob Iger, CNN’s Natasha Chen Organizations: CNN, Disney, Walt Disney, ” “ Pirates, , Wars, Star Wars, Los Angeles Times, Star, Google, Magic, Orlando’s Walt Disney, Disney Parks, Galactic, Locations: Caribbean, Orlando , Florida, Walt, Orlando’s, Anaheim, Florida
The movement of parents concerned by their kids' smartphone use just gained an unlikely disciple: socialite and DJ Paris Hilton. Hilton isn't alone in thinking smartphones can cause damage to young kids. "The biggest effects of social media happened during puberty, especially early puberty," he says. No social media before age 16. "There's no clear evidence that giving children access to social media early is better able to prepare them for adulthood later on," Rausch says.
Persons: DJ Paris Hilton, doesn't, Hilton, Johnathan Haidt, Z, Zach Rausch, Rausch Organizations: DJ Paris, Everything, Entertainment, NYU, Stern School of Business, CNBC
High-end travelers are turning to supervans with heated floors, Italian tiles, and home theatres, according to Lucas Ravizza, who builds and designs luxury vans for a living. AdvertisementLucas Ravizza is photographed inside one of the luxury vans he designed. Ravizza is among the many luxury van influencers sharing their designs online. Matt MaloneRavizza said he usually spends $180,000 buying and converting luxury vans for clients who use them as vacation homes. Ravizza said anyone can upgrade a van to add luxury elements, but there's one mistake they should avoid.
Persons: , Lucas Ravizza, Tom Ripert, Ripert, Lucas, Matt Malone, Ravizza, Matt Malone Ravizza Organizations: Service, Business, Financial Times, Econ Market Research Locations: San Francisco
"I have friends that say that TikTok Shop has ruined the app," Casey Lewis, a trends researcher, said. "It can be good — especially as TikTok moves to TikTok Shop — if they're able to capitalize on this shift and sell products more effectively to older users." Just because something is going viral on TikTok doesn't necessarily mean Gen Z is behind it. The same could be said of Gen Z, which would explain the generations' shared fascination with a time before smartphones and round-the-clock news. The Gen Z users I spoke with didn't seem particularly concerned about an influx of olds.
Persons: Keara Sullivan, Zers, Rushmore, Sullivan, Ryan Broderick, Adam Bumas, Broderick, TikTok, , Cory Doctorow, it's, Kevin Munger, Doctorow, Casey Lewis, Lewis hasn't, Gen Zers, Jonathan Gelfond, Taylor Lorenz, Lorenz, Munger, Gen Z, Lewis, Stanley, Alpha, Zers —, Gen Alpha, hasn't, millennials, Jason Parham, Leslie Horn Petersen, she's, Gen, didn't, I've, Emilie Friedlander Organizations: New, Pew Research Center, Facebook, Senate, Microsoft, Penn State, Little League, Business, QVC, UC Santa Barbara, The Washington Post, YouTube Locations: New York, tfym, millennials, Brooklyn, Philadelphia
Middle managers are becoming an endangered species in Corporate America, with some companies viewing the role as obsolete , writes Business Insider's Lindsay Dodgson. Remote work, tech efficiencies, and a general push to cut costs have contributed to middle managers' demise. It's a strategy Corporate America, particularly Big Tech, deployed in 2023. The "year of efficiency," as Mark Zuckerberg dubbed it, was all about flattening organizations, and middle managers were the ones getting squished . The death of middle managers could also fuel the current dismantling of another cohort: the middle class .
Persons: , Brooks Kraft, Insider's Lindsay Dodgson, millennials, Gen Zers haven't, Robyn Phelps, they're, Mark Zuckerberg, Gen, Jeffrey Gundlach, we're, Blackstone, Abanti Chowdhury, Jensen Huang, Hopper, Blackwell, Lilit, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Brooks Kraft LLC, Getty, America, Big Tech, Citi, Street Journal, KKR, Meta, Google, Nvidia, Paragon Intel, National Association of Realtors, FAA Locations: Corporate America, millennials, New York, London
Cambridge University professor Thomas Roulet has hit back at the idea that Gen Z is lazy. He said younger people just have a different idea about what work means to them. JPMorgan CEO Jamie Dimon said people shouldn't "feel so bad" for Gen Z and millennials this week. AdvertisementGen Z is often called lazy — but a Cambridge University professor thinks younger people just have a different idea about what work means. Thomas Roulet, who teaches organizational sociology and leadership at the Judge Business School, defended the generation's work ethic in a video posted on the university's YouTube channel.
Persons: Thomas Roulet, Jamie Dimon, , Socrates Organizations: Cambridge University, JPMorgan, Service, Judge Business School, YouTube, Business
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. It's called "quiet vacationing," and millennials, in particular, seem to love it. That's compared to 24% of Gen Zers and Gen Xers who reported doing the same. They even want to look like they're working when they're supposed to be off the clock, with 37% of millennials saying they've purposefully scheduled a message to send outside their usual hours to make it look like they're working overtime. Millennials may be quiet vacationing more than other groups due to generational differences.
Persons: , It's, millennials, they've, Gen Zers, Gen Xers, Zers, they're, Libby Rodney, Harris, Rodney Organizations: Service, Business, CNBC
"But they also feel the pressure of wanting to win and the pressure of going to college," she told Business Insider last week. The biggest mistake that parents with ambitious, curious kids can make is adding to that pressure, she said. Stepping back and letting the kids do the workGrace Sun holds an OECT device that helped her win the ISEF science fair. "We never pressure them," Maria Estrada, whose two children have both competed and won awards at ISEF, told Business Insider. Sun told Business Insider she had to miss hours of school to work in a university lab for her project.
Persons: , Rhodes, it's, Ajmera, Gen Z, Grace Sun, Chris Ayers, Maria Estrada, Estrada, she's, Alexa Groff, Taylor, Groff, ISEF, Maddux Alexander Springer, Peggy Scripps, Krish Pai, Michelle Wei, George D Organizations: Service, Science, Engineering, MacArthur Foundation, Business, Society for Science, ISEF, Communication, Sun Locations: Hawaii, California, Kildare, Ireland, Shanghai, China, Los Angeles
Read preview"We are paying off each other debt on TikTok," a creator recently declared. The creator, named Yolanda, was gushing about the "pay off each other's debt" trend that seems to have become popular on the app. More than 4,000 videos have been posted under the #payoffdebttrend hashtag on TikTok, with creators asking for help for various reasons including medical bills, student debt, and unexpected costs. The requirements for earning money on TikTok are to have at least 10,000 followers and to have amassed 100,000 video views in the previous 30 days. AdvertisementAccording to creators who previously spoke with BI in 2022, the amount TikTok pays creators varies widely from a few pennies to $17 per 1,000 views.
Persons: , Yolanda, TikTok, Katya Varbanova, Jake Heisenburg, Heisenburg, commenter, didn't, he'd, Markia Brown, Mark Tilbury, Varbanova, it's, Brown, isn't Organizations: Service, Business, New York Federal Reserve Bank, TikTok, Facebook Locations: TikTok, Experian
She’s a business mogul in every sense: Aside from a prolific music career, she’s launched successful brands including her cosmetics empire Fenty Beauty – worth an estimated $2.8 billion according to Forbes – and her lingerie label Savage X Fenty. Her latest move in China to promote makeup products is something of a masterclass in how to tap into its lucrative – mostly online – Gen Z market. On Tuesday night, the chart-topping singer attended a Fenty Beauty pop-up held at a Shanghai photography museum, “servin’ face” according to brand’s Instagram, and “jianbing” – a popular Chinese breakfast crepe that costs about a dollar. In a screengrab from Instagram, Rihanna makes jianbing in Shanghai, China, during a visit to promote Fenty Beauty. While Fenty Beauty products have been available in the country since 2019, the brand announced this March that it would be expanding its presence via Sephora stores on the mainland.
Persons: CNN —, Rihanna, She’s, she’s, Forbes –, brand’s Instagram, , China’s TikTok, , Guo Pei, jianbing, RihannashowsupinShanghai, Gucci, Dior, Louis Vuitton Organizations: CNN, Vogue China, Academy of China Council, Promotion of International Trade Locations: China, Shanghai, Instagram, Weibo, Shandong, , China’s Shandong province, Jianbing, Douyin
Gen Z to older workers: We're just like you
  + stars: | 2024-05-21 | by ( Tim Paradis | )   time to read: +5 min
The study defined Gen Z as those born between 1997 and 2012, but the research involved only Gen Zers already in the workforce, not those still in school. In its interviews, 51% of Gen Zers said salary was the most important part of a job, whereas 47% of older workers said the same. BI recently reported that more than half of Gen Z and millennial workers are living paycheck to paycheck. In the survey, 33% of Gen Z workers told researchers they expect to be promoted to leadership roles at their company, compared with only 19% of older workers. And 44% of Gen Z workers want to be in charge of others versus only 27% of those outside that generation.
Persons: , Zers aren't, Gen Zers, aren't, Zers, Jon Veasey, Zer, Young, Deters, Gen, Gen Z, We're, Z Organizations: Service, Business, , KPMG US Locations: Veasey
"I don't feel so bad for Gen Z and millennials," Dimon said, noting his grandparents were Greek immigrants who arrived in the US with nothing but "a shirt on their back." "They're going to be working probably 3.5 days a week. They're going to live to 100. They're going to be in pretty good shape, provided the world doesn't destroy it all with nuclear weapons, which is the biggest risk in the world." Related storiesDimon also emphasized that in the decades ahead, younger generations will inherit trillions of dollars and benefit from mammoth investments in healthcare, education, and other areas.
Persons: , they've, Jamie Dimon, Dimon, They're, Gen Z, X Organizations: Service, Business, AlphaSense Locations: America
Most Americans don't think they need to be millionaires in order to achieve financial success. Fewer than 20% of Americans define being "financially successful" as "being a millionaire," according to Bankrate's 2024 Financial Success survey. Nearly 60% of Americans say they would feel financially successful if they were able to "live comfortably," according to the survey. "Salary is often not the best barometer for financial success," Foster says. Increased prices for everyday necessities such as food and housing may also shape the way Americans picture financial success.
Persons: Gen, Sarah Foster, Bankrate's, wouldn't, Foster Organizations: Millionaires, CNBC Locations: U.S
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