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Search resuls for: "Insider's Jacob Zinkula"


10 mentions found


☆ For some millennials, the reality of their retirement plans is that they're a fantasy
  + stars: | 2024-05-29 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
The documentary chronicles the rise and fall of the movie-ticket-subscription company MoviePass, and is based on award-winning reporting from Business Insider . The big storyRetirement mathGetty Images;Alyssa Powell/BIFor some millennials, the reality of their retirement plans is that they're a fantasy. AdvertisementIt's not the first time we've gotten troubling data about millennials' retirement plans. But it's not just a lack of savings working against millennials' plans of riding off into the retirement sunset. AdvertisementAnd if you're hoping for a Hail Mary in the form of a fat inheritance to jumpstart your retirement plans, that's not looking great either.
Persons: —, MovieCrash, Alyssa Powell, Jacob Zinkula, William Edwards, we've, it's, millennials, Hail Mary, that's, Juliana Kaplan, It's, Johannes Simon, Neel Kashkari, Sam Altman, Justin Sullivan, Oliver Mulherin, Scarlett Johansson, Altman, Jensen Huang, Adam Neumann, Neumann, WeWork, Moviegoing, there's, BI's Peter Kafka, Sheryl Sandberg, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Max, Business, Hail, Reserve Survey, Consumer, Wall, Minneapolis, UBS, Google, Nvidia, BI, Hollywood, HP Locations: Swiss, BI Denmark, New York, London
☆ A millennial working 2 full-time jobs sometimes only gets 3 hours of sleep — but she's over halfway to saving $100,000
  + stars: | 2024-05-09 | by ( Maria Noyen | ) www.businessinsider.com   time to read: +5 min
(Business Insider verified Lacerna's April paystubs.) Lacerna told Business Insider via email that she began working multiple jobs after immigrating to the US from the Philippines in 2018. Companies have different policies on employees working multiple jobs — some allow it, while others don't, which means anyone choosing to do so secretly could risk being fired. While sleep requirements vary from person to person, experts recommend adults get between seven and nine hours of sleep each night. AdvertisementLacerna said in an email that she sometimes only gets two or three hours of sleep on days when she works both jobs.
Persons: —, Mitzi Lacerna, Lacerna, Jacob Zinkula —, she's, @mitzeyyyy, @sleepychomper, I’m, ake Organizations: Service, Business, Labor Statistics, Companies Locations: San Francisco, Philippines, TikTok
☆ It's not just Jeff Bezos — Amazon's looking for office space in Miami, too
  + stars: | 2023-11-28 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +2 min
Amazon is searching for office space in Miami. The ecommerce giant started looking before founder Jeff Bezos announced his move to the city, per Bloomberg. Bezos announced in November he was moving from Seattle to Miami. AdvertisementAmazon is looking for 50,000 square feet of office space in Miami, the ecommerce giant told Business Insider. The news came just weeks after founder Jeff Bezos announced he was moving from Seattle to Miami to be closer to his parents and to Blue Origin's operations in Cape Canaveral, Florida.
Persons: Jeff Bezos, Bezos, —, Amazon's, Insider's Jacob Zinkula Organizations: Bloomberg, Service, Miami, Companies, Citadel Locations: Miami, Seattle, Cape Canaveral , Florida, droves, Indian Creek , Florida
☆ Insider Today: You should buy a house now
  + stars: | 2023-10-23 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
AdvertisementAdvertisementIn today's big story, we're looking at why it's a good time to buy a house. RichLegg/Getty ImagesIt's a pretty terrible time to buy a house these days, which is why it's a good time to buy a house. AdvertisementAdvertisementInsider's Jennifer Sor detailed why it's a good time to buy a house. Part of the issue is that mortgage rates won't magically drop overnight. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: OpenAI's Sam Altman, Jennifer Sor, Jacob Zinkula, they're, that's, Gen Zers, who's, it's, Doug Haynes, Haynes, Steve Cohen's Point72, Leon Cooperman isn't, Arantza Pena Popo, carmakers, EVs, Tyler Le, Satya Nadella, Mathias Döpfner, Axel Springer, Jensen Huang, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: FBI, RichLegg, Norias Research, Investments, Ameriprise, Insurance, Microsoft, Activision Blizzard, Nvidia, ZTE Corp, Philips, NBA Locations: West Palm Beach, Fla, Tokyo, Oklahoma City, New York City, San Diego, London, New York
☆ The average monthly mortgage on a new home is 52% higher than the average rent on an apartment: report
  + stars: | 2023-10-23 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +2 min
High home prices and mortgage rates are locking a lot of first-time homebuyers out of the market. A monthly mortgage on a new home is now 52% higher than rent on an apartment, per WSJ. Mortgage and rent used to roughly cost the same, according to CBRE. AdvertisementAdvertisementThe average monthly mortgage on a new home is 52% higher than the average rent on an apartment as housing prices and interest rates continue to climb. In the past, a monthly mortgage could cost the same or less as the monthly rent on an apartment, according to an April report from CBRE.
Persons: —, Goldman Sachs, Daryl Fairweather, Redfin's, Insider's Jacob Zinkula, there's, David Meyer Organizations: Mortgage, Service, Street Journal Locations: CBRE
☆ 'Cash-stuffing' is a Gen Z trend taking TikTok by storm. Here's why the tech-obsessed generation is bringing this budgeting hack back.
  + stars: | 2023-05-16 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +2 min
Gen Z is bringing back an old-school budgeting hack that's been newly dubbed as cash-stuffing. It involves putting cash into envelopes so it can be reserved for specific expenses. This method has gained traction with younger consumers who are budgeting amid rising costs. Cash-stuffing is a viral TikTok trend that younger consumers have adopted to stay on top of their finances. Gen Z has overhauled this process to make it look more aesthetically pleasing with colorful dividers, envelopes, and pens to plan out their expenditures.
☆ An employee reportedly asked to go remote. Her CEO says he outsourced her job to India instead and saved 40% on labor costs.
  + stars: | 2023-04-11 | by ( Grace Mayer | ) www.businessinsider.com   time to read: +3 min
CEO Johnny Taylor Jr. told WSJ he outsourced an employee's job after she requested it be remote. Hiring someone in India saved the company around 40% in labor costs, he told the Journal. Since the pandemic, some tech companies have hired remote workers overseas, sometimes amid layoffs. Some tech companies have already turned to overseas labor, including in Latin America, Europe, Africa, and the Middle East, Insider's Aki Ito reported. The year before, 17% of job postings offered remote work.
☆ Millennials in their 30s are sitting in an economic quagmire that could stick with them through retirement
  + stars: | 2023-03-08 | by ( Jason Lalljee | Madison Hoff | ) www.businessinsider.com   time to read: +7 min
In the long run, this generation may also be hit by cuts in Social Security benefits. In the longer run, millennials' retirement may also be affected if Social Security benefits are cut. Millennials in their 30s are accruing debt faster than their peersWhile Experian and Credit Karma research show Gen X has the highest average debt, millennials still hold a lot of debt too — and are accumulating it faster than anyone else. Millennials face looming retirement insecurityIf all of that wasn't enough, millennials' retirement situation in the future could be different from Gen X and baby boomers. Additionally, millennials' retirement safety nets are likely to be affected if they can't get full Social Security benefits.
☆ Over 2 million workers are missing from the US workforce. Here's how they're paying their bills.
  + stars: | 2023-03-05 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +7 min
There are over two million workers missing from the US labor force, per Bank of America Institute. They can thank gig work, living with others who are earning money, and excess savings or stimulus money during the pandemic. "There's no single driver that's really causing people not returning back to the labor force," Zhou told Insider. Below are different ways these "missing workers" from the labor force may still be affording expenses and paying bills. The "financial buffer" that some of these missing workers may be relying on could be a "temporary reason" they left.
☆ Millennials and Gen Z counting on a 401(k) to get them through retirement are in for a rude awakening, TIAA head says
  + stars: | 2022-10-11 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
Half of millennials and Gen Z expect employer-based savings plans to be enough for retirement, a TIAA study shows. Millennials and Gen Z could be in for a dire future unless they save differently. Duckett said that she wanted policymakers and employers to increase access to retirement savings plans, as well as educating workers about income options such as annuities. She also encouraged Gen Z and millennials to seek out savings vehicles like IRAs, which aren't dependent on an employer. It's a testament to how much employers have sapped their retirement packages over the past few decades that Gen Z and millennials could be in trouble.
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