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Housing seems to be slightly more affordable for Gen Z renters than it was for millennials at the same age. The percentage of rent-burdened millennials — renters putting more than a third of their income toward housing — peaked at 62% in 2011, according to a recent Zillow study. And although rents remain high, slightly fewer Gen Zers (those ages 18 through 25) are rent burdened today. As of 2022, the latest data available, 58% of Gen Z renters nationwide were rent-burdened, while 60% of millennials experienced rent burden at the same age in 2012, according to Zillow. According to Zillow's analysis, there are a number of major U.S. cities where it's easier for Gen Z to afford rent than it was for millennials at the same age.
Persons: Z Organizations: millennials Locations: U.S
In fact, 3 out of 5 of Gen Z renters — those born between 1997 and 2012 — spend more than 30% of their income on rent, according to recent research from Zillow. In some cities, though, researchers found an uptick in rent-burdened young people from a decade before. "It's really tough for young renters," Lee tells CNBC Make It. "High rent burden can set young renters behind financially, impacting their ability to afford other essential expenses, let alone saving up for life goals down the road." Here are the top five cities where more members of Gen Z are rent burdened as of 2022 than their millennial counterparts were 10 years prior, according to Zillow.
Persons: , Kenny Lee, Lee, Gen Organizations: Zillow, CNBC
Here are four red flags to look for when choosing a financial professional, plus one green flag that an advisor could be a good fit, according to certified financial planners and advisors from across the U.S.Red flag No. 1: The financial advisor does most of the talkingIf a potential financial planner is doing most of the talking without letting you get a word in edgewise, it's a bad sign. Financial advisors who are also registered as investment advisors will have a public disclosure record with the SEC as well. In addition, you will also want to make sure that your financial advisor is certified in the way they claim. 4: You don't trust themOne red flag can't be found on a list or spreadsheet: lack of trust.
Persons: Carla Adams, Adams, Sean Williams, they've, Marisa Rothstein, Rothstein, Ashton Lawrence Organizations: U.S ., Ametrine, Cadence Wealth Partners, Industry, Authority, SEC, Siena Private, Mariner Wealth Advisors Locations: U.S, Michigan, North Carolina, Avon , Connecticut, South Carolina
Take advantage of financial counseling resources offered by your employerIf even thinking about your finances gives you anxiety, you're not alone. While hiring a qualified financial professional is a great move to make, you may have access to one through your job for free. Ask your employer's human resources department if they offer an Employee Assistance Program. EAPs are free programs companies offer that provide confidential assessments, referrals and counseling to employees. In addition to assistance with personal and work-related issues, EAPs may offer financial planning or counseling services free of charge.
Persons: Michael Woodhead Organizations: Attridge Consulting, EAP, Burr Consulting, Employees Locations: Minneapolis, New York
Luckily, feeling wealthy is less about the money in your bank account and more about your attitude toward the money you already have. In short, your ability to feel wealthy depends on "what your experiences and perceptions on money are." This involves letting go of a well-known number like $1 million and embracing your personal financial journey, she says. Goals such as establishing an emergency fund or improving your credit score, when reached, can help you feel wealthy without having to build a huge net worth. In other words, you don't need $1 million in hand today to feel wealthy — just a plan to grow your money over time.
Persons: Paul Morrone, , Rachel Elson, Elson, Morrone, There's Organizations: Northwestern Mutual Locations: North Haven , Connecticut, San Francisco , California
Before going into politics, Vice President Kamala Harris worked at McDonald's in her 20s, she confirmed in a recent interview with MSNBC's Stephanie Ruhle. "It was not a small job," Harris told Ruhle. "There are people who work at McDonald's in our country who are trying to...raise families and pay rent." To Harris, working at McDonald's inspired her to make lowering costs and raising economic security a "top priority" if elected president in November. These are valuable skills in any career, Tiffanie Boyd, senior vice president and chief people officer for McDonald's, previously told CNBC Make It.
Persons: Kamala Harris, MSNBC's Stephanie Ruhle, Harris, Ruhle, Tiffanie Boyd, Boyd Organizations: CNBC Locations: McDonald's
Opinion | Fighting Hopelessness in Treating Addiction
  + stars: | 2024-03-09 | by ( ) www.nytimes.com   time to read: +1 min
Thank you, Mr. Kristof, for digging into this crisis and for reporting on this program in Tulsa that has had so much success for women in recovery. My niece was certainly someone who may have survived if she had found a program like this. Instead, she was incarcerated for crimes associated with her drug use, and she found little if any help there. I can’t help wondering what if instead of locking her up, she had been compelled to enter a program like Women in Recovery. The writer is the author of “White Flag,” about her attempt to help her niece.
Persons: Nicholas Kristof, Kristof, Judy L, Mandel Newington, Locations: Tulsa, Conn
It is not the first time that Mainers' push for a publicly owned energy grid has failed. In 1973, voters struck down the creation of a Maine Power Authority, which would have put the power supply in the state's hands. Janet Mills vetoed a bill from the state legislature to establish Pine Tree Power. In New York, the Long Island Power Authority has run the power grid of Long Island since 1986. Despite having a roughly 70-year-old public power grid, Nebraska still relies heavily on coal.
Persons: Janet Mills, Willy Ritch, Judy Long, Lucy Hochschartner Organizations: Carver, Voters, Maine Power Authority, Democratic Gov, Central Maine Power, Public, Maine Affordable Energy, Versant, CNBC, Pine, Power Authority, Cooperative, Hawaiian, Publicly, London Economic, Maine's Public Utilities Commission Locations: South Shore, Plymouth, Avangrid, Maine, . Nebraska, Los Angeles, Seattle, Kauai, New York, Long, Nebraska, Pine
TORONTO (AP) — The premiere of the documentary “Lil Nas X: Long Live Montero” was delayed after a bomb threat was called in at the Toronto International Film Festival. The Saturday night premiere of the film at Toronto's Roy Thomson Hall was delayed by about 20 minutes while authorities verified that the threat wasn't credible. Lil Nas X was kept off the red carpet during that time. Judy Lung, vice president of public affairs and communications for TIFF, said in a statement that Toronto police investigated the vicinity of the red carpet ahead of the screening. “Our standard security measures remained in place during this time and the screening commenced with a slight delay,” Lung said.
Persons: Lil Nas, Montero ”, Roy Thomson Hall, Nas X, Judy Lung, ” Lung, , ” “, Montero, , Carlos López Estrada, Zac Manuel, “ Montero Organizations: TORONTO, Toronto
[1/2] A smoke column rises from wildfire WCU001 near Wildwood, Alberta, Canada May 5, 2023. Alberta Wildfire/Handout via REUTERS/File PhotoTORONTO, May 16 (Reuters) - Tinder-dry weather and shifting winds in Alberta on Tuesday elevated the risk of spreading wildfires in the Canadian oil-producing province where thousands have already been forced from their homes. Some 90 wildfires are active in Alberta, with 23 out of control, according to the provincial government. Judy Levesque, 50, stood outside in the central Alberta town of Drayton Valley on the night of May 4 as ash rained down. The change in wind direction can pose a problem for firefighters as the path of the fires changes suddenly, said Christie Tucker, spokesperson for the Alberta Wildfire agency.
"I never saw myself as a speaker, let alone a motivational speaker," Leonard tells me while his assistant irons his jeans. 'When I ramble," Hunter told me, "hit me in the leg!" Every plane had been grounded, including the one stuck on the tarmac with an increasingly inebriated Hunter Thompson trapped inside. But by far the most all-consuming task was booking gigs for Hunter Thompson. Just before a debate with G. Gordon Liddy at Brown University, Hunter demanded that Betsy Berg, whom I now worked alongside at GTN, score him some crystal meth.
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