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A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.

Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid

WASHINGTON, Dec 1 (Reuters) - The White House said on Friday it was prepared to "pause" sanctions relief for OPEC member Venezuela in coming days unless there is further progress on the release of Venezuelan political prisoners and "wrongfully detained" Americans. Any “snapback” of partially lifted U.S. sanctions would mark a major shift from President Joe Biden's new approach toward Venezuela. In the most significant lifting of tough Trump-era sanctions, Washington issued a six-month general license authorizing U.S. transactions with Venezuela’s vital oil and gas sector and a second license authorizing operations of state gold mining company Minerven. Washington had vowed to reverse that sanctions relief unless the Venezuela's Socialist government took steps by the end of November to release political prisoners and three Americans it considers unlawfully jailed, and also lift public-office bans on opposition candidates. The Venezuelan government released five political prisoners in October but there have been no releases since.

Persons: Nicolas Maduro, John Kirby, Joe Biden's, Washington, “, ” Kirby, ”, we're, Kirby, Maria Corina Machado, Matt Spetalnick, Steve Holland, Mayela Armas, Daniel Wallis Organizations: Venezuelan, White House, Trump, Socialist, Thomson Locations: Venezuela, Venezuelan, Maduro, Washington, U.S, Israel, Gaza, Ukraine, Caracas

☆ A new book reportedly named King Charles and Kate Middleton as the royals said to have made racist remarks. It's causing chaos for the British monarchy — here's a timeline of the fallout.
▼ + stars: | 2023-12-01 | by ( Maria Noyen | ) www.businessinsider.com time to read: +2 min

Meanwhile, the book's Dutch translator told the Daily Mail there were names in the transcript she was given. "The names of the royals were there in black and white," Saskia Peeters told the Daily Mail. I just did what I was paid to do and that was translate the book from English into Dutch." Peeters also said she worked to translate the book into Dutch with fellow translator Nellie Keukellar-van Rijsbergen. "All of this is frustrating because it feeds into something that couldn't be further from the truth," Scobie said.

Persons: Xander, John Rainford, Xander's, Anke Roelen, Paul Thompson, Scobie's, Saskia Peeters, " Peeters, Nellie Keukellar, van Rijsbergen, Scobie –, Scobie, I've, Roelen, Peeters Organizations: Daily Mail, BBC Locations: Dutch

☆ The 'orange peel theory' is the latest relationship test taking TikTok by storm. 3 dating experts discuss the psychology behind it.
▼ + stars: | 2023-12-01 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

The "orange peel theory" is taking TikTok by storm. It's a test that involves gauging the strength of your relationship by asking your partner to peel an orange for you. Dating experts say it symbolizes small acts of kindness but only goes so far. AdvertisementThe latest relationship test that's taking TikTok by storm involves a fruit. Known as the "orange peel theory," the test symbolizes the small, day-to-day acts of kindness that people can do to express their love for their partners.

Persons: —, Max Alley, Patrice Le Goy, it's, Le Goy, Amy Nobile, Love, Amy, It's Organizations: Service Locations: New York City, Los Angeles

☆ Duolingo will run its first Super Bowl ad as it expands beyond TikTok
▼ + stars: | 2023-12-01 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Duolingo is set to take its viral TikTok marketing to the Super Bowl. The language-learning app plans to run a five-second ad during the Super Bowl game on February 11, Manu Orssaud, Duolingo's chief marketing officer, told Business Insider. It won't be a national Super Bowl ad and instead target local markets regionally. The Super Bowl ad is also set to include a digital component and be "something surprising, something that hopefully will get people talking," Orssaud said. YouTube Shorts' audience skews toward men more than TikTok, and Duolingo is creating repeatable, series-driven content specifically for YouTube Shorts, Orssaud said.

Persons: Manu Orssaud, Orssaud, Reddit, Duolingo Duolingo, Duolingo, Duo, Barbie, Lily, there's Organizations: Super, Business, Warner Bros, YouTube, Brands, Adidas Locations: Germany, Japan, TikTok

☆ The No. 1 'desirable' trait CEOs look for in employees, says Harvard career expert: It's 'a huge currency'
▼ + stars: | 2023-12-01 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

The best employees aren't always the smartest or most confident people in the room. There's a different quality that helps high performers stand out, says Harvard Business School professor Ranjay Gulati: They're trustworthy. "Trustworthiness is the most desirable trait CEOs tell me they look for in their employees," he explains. "Trust is a huge currency in organization, it's the quality on which all professional relationships are built and how they thrive." You might instinctively understand what trust is, but two types are crucial in the workplace, according to Gulati: character-based trust, and competency-based trust.

Persons: aren't, Ranjay, Gulati Organizations: Harvard Business School

☆ Israel lets AI help it figure out where to bomb in war-torn Gaza, and the number of targets has skyrocketed
▼ + stars: | 2023-12-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Israel has been using AI to help it figure out which targets to strike in Gaza. Now several years old, the operation was created to increase the number of available Hamas targets. The Israeli military said that in the hours since, it has already struck over 200 targets in the Gaza Strip. It first began operating in 2019 as a way to find and identify more Hamas targets in the Gaza Strip. Photo by Fadi Alwhidi/Anadolu via Getty ImagesIt's unclear exactly what data and intelligence goes into the AI system.

Persons: —, KHATIB, MENAHEM KAHANA, Fadi Alwhidi, isn't, Alisa Kaff Organizations: Service, Israel Defense Forces, Getty, IDF, Guardian, Islamic, Pentagon, US State Department, Israeli Air Force Locations: Israel, Gaza, Rafah, AFP, Aviv, Anadolu, Ukraine, China, Screengrab

☆ Analysts love this under-the-radar British banking stock — and Jefferies says it's set to double
▼ + stars: | 2023-12-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of OneSavings Bank , a U.K. lender focusing on landlords, are set to see its share price double from current levels, according to analysts at Jefferies. The lender's stock has already risen by 30% over the past month after it revealed a rapidly growing loan book. U.K. shares are generally priced in pence, with 100 pence equal to one British pound ($1.27). The investment bank believes the market is undervaluing OSB's stock due to the negative perception surrounding the U.K. economy and stock market. They are also bullish on the stock with a 720-pence-per-share price target, giving the stock a 90% upside potential.

Persons: Jefferies, Julian Roberts, James Hamilton Organizations: OneSavings Bank, Jefferies, Kent Reliance, Numis Securities, Deutsche Bank Locations: U.K, England, Kent

☆ The Newsom-DeSantis debate talked about 2024 — but it really sets the stage for 2028
▼ + stars: | 2023-12-01 | by ( Lloyd Lee | Matthew Loh | ) www.businessinsider.com time to read: +5 min

"I'm here to tell the truth about the Biden-Harris record," Newsom said in the early minutes of the debate. "It was more of a spectacle than a debate," Akhavan said. DeSantis has also taunted Newsom to "throw his hat in the ring" and run for president in 2024 against President Joe Biden. According to a FiveThirtyEight average of national Republican presidential polls, Trump leads 60% while DeSantis sits at 12.6%. In April, a group of wealthy GOP donors appeared to sour on their support for DeSantis, questioning his presidential prospects.

Persons: Gavin Newsom, Ron DeSantis, They're, Sean Hannity, —, Gavin Newsom sparred, aren't, DeSantis, Donald Trump, Nikki Haley, Newsom isn't, Newsom, Kambiz Akhavan, Akhavan, Joe Biden, Kamala Harris, Harris, Trump, Biden, Hannity, It's, Thomas Peterffy Organizations: Florida Gov, TV, Service, California Gov, Fox, USC Center, Biden, Trump, Republican, GOP Locations: California, Florida, America

☆ Why on earth did Ron DeSantis think it was a good idea to debate Gavin Newsom?
▼ + stars: | 2023-12-01 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

Ron DeSantis squared off against Gavin Newsom on Thursday night in a pointless debate. It's difficult to accurately say who "won" a debate, but the night didn't go smoothly for DeSantis. No humans died on Thursday — unlike the "Crash at Crush" — but the night was still a trainwreck for DeSantis' presidential campaign from the very beginning. Following the first GOP presidential debate this year, Business Insider and several other outlets called Vivek Ramaswamy a breakout star after commanding attention away from his competitors. Unfortunately for DeSantis, the legacy of Thursday night's debate likely won't be about how the Florida governor turned his flopping campaign around against all odds.

Persons: Ron DeSantis, Gavin Newsom, —, DeSantis, Newsom, Sean Hannity, Vivek Ramaswamy, he's, Kat Abu, Donald Trump, mary Organizations: Service, Texans, Missouri -, Missouri - Kansas - Texas Railroad, Republican, Florida Gov, California Gov, Fox News, Business, Trump, NFL, DeSantis Locations: Florida, Missouri, Missouri - Kansas, California, Georgia

☆ Here are some last-minute options to spend down your flexible savings account ‘use-it-or-lose-it’ funds
▼ + stars: | 2023-12-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

It's common for workers to not know what their employer's FSA rules are. Stock up on over-the-counter medications The CARES Act of March 2020 removed prescription requirements to use FSA funds for many over-the-counter medicines. Buy certain skin care products You can use your FSA savings for eczema-approved creams and lotions. Plan ahead for a new baby New and expectant parents can use their FSA funds for baby products such as diaper rash cream, baby breathing monitors and baby sunscreen. How to use FSA funds wisely

Persons: Tom Werner, Digitalvision, Carolyn McClanahan, Jake Spiegel, you've Organizations: Getty, Planning Partners, CNBC's, Research, CNBC, Invest, Garmin, IRS Locations: Jacksonville , Florida

☆ The key to solving loneliness and pollution might be giving up cars and hanging out in the street. It's working in Barcelona.
▼ + stars: | 2023-12-01 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

Barcelona is a decade into transforming many of its streets into green, car-light public spaces. Earlier this year, the city announced yet another major expansion of the project, with a goal of making a third of city streets green by 2030. And as Americans experience an epidemic of loneliness, a built environment that fosters social connection might be crucial for public health. Making a neighborhood more attractive with more walkable, green streets could mean triggering or speeding up gentrification. More walkable communities with high-quality public spaces are much more expensive to live in, indicating high demand.

Persons: —, Sven Eggimann, Tayana Panova, Jonathan Cohn, who's, Eggimann, pyi2lKhNzc, Billy Fields Organizations: Service, ZHAW School of Architecture, Residents, Urban, Smart Growth Locations: Barcelona, Spanish, Switzerland, New York City, Barcelona's, Vitoria, Europe, Valencia, Manhattan, Francisco, Superblocks

☆ Charlie Munger lived in the same home for 70 years: Rich people who build 'really fancy houses' become 'less happy'
▼ + stars: | 2023-12-01 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

For Charlie Munger, living in a relatively modest house wasn't an accident — it was a conscious choice. Munger, the billionaire investor and longtime business partner to Warren Buffett, died on Tuesday at the age of 99. "[Buffett and I] are both smart enough to have watched our friends who got rich build these really fancy houses," Munger said. "[Buffett and I] both considered bigger and better houses," Munger said. Get CNBC's free Warren Buffett Guide to Investing, which distills the billionaire's No.

Persons: Charlie Munger, Munger, Warren Buffett, He'd, CNBC's Becky Quick, Buffett, Duke Organizations: Berkshire Locations: California, Westchester, Omaha , Nebraska

☆ This tiny country drove 15% of Nvidia's revenue – here's why it needs so many chips
▼ + stars: | 2023-12-01 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

About 15% or $2.7 billion of Nvidia's revenue for the quarter ended October came from Singapore, a U.S. Securities and Exchange Commission filing showed. Revenue coming from Singapore in the third quarter jumped 404.1% from the $562 million in revenue recorded in the same period a year ago. Singapore only trailed behind the U.S. (34.77%,) Taiwan (23.91%) and China including Hong Kong (22.24%) in Nvidia's third-quarter sales rankings. "I would highly think it's due to data centers as Singapore has quite a lot of data centers and cloud service providers," Maybank Securities analyst Jarick Seet told CNBC. Building data centers, of course!," said Sang Shin, an ex-Temasek and GIC executive, in a LinkedIn post.

Persons: Jakub Porzycki, Jarick Seet, Sang Shin, Shin Organizations: Getty, Nvidia, U.S . Securities, Exchange Commission, Maybank Securities, CNBC, Temasek, GIC Locations: Krakow, Poland, U.S, Singapore, Taiwan, China, Hong Kong, Nvidia's, GIC

☆ AWS VP tells employees that the departures of senior engineers are 'making us better,' leaked transcript shows
▼ + stars: | 2023-12-01 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Some Amazon Web Services employees are concerned about a large number of departures among its senior engineers. At last month's internal staff meeting for AWS, VP of infrastructure services Prasad Kalyanaraman answered an employee question about turnover among senior engineers, according to a transcript of the meeting obtained by Business Insider. It is one of the many challenges AWS employees are currently dealing with, alongside slowing growth and a more bureaucratic culture, as BI previously reported . As we've previously told Insider, attrition among AWS employees has declined in recent years and to suggest anything otherwise is inaccurate. Amazon unveiled Amazon Q this week, an AI chatbot for businesses, and previously launched CodeWhisperer, a coding assistant for developers.

Persons: Prasad Kalyanaraman, Kalyanaraman, Rob Munoz, we've, Prasad, Munoz, Peter DeSantis, DeSantis, Charlie Bell, Rachel Thornton, Chris Vonderhaar Organizations: Web Services, Business, Amazon's, AWS

☆ MAKE IT HAPPEN! A field guide to the working world for Gen Z and beyond
▼ + stars: | 2023-12-01 | by ( Henry Blodget | ) www.businessinsider.com time to read: +1 min

I was CEO and editor in chief for the first eight and just CEO for the second eight. A field guide to the working world for Gen Z and beyond. AdvertisementIn the series, I am addressing questions and challenges that I've seen, heard, and faced during my ~35 years in the workforce. What I have done is work as an individual contributor, manager, and leader at many different organizations. A field guide to the working world

Persons: Henry Blodget, I've, It's, Gen, I'm Organizations: Business

☆ Goldman says 2024 will be ‘the year of the bond.’ Here's how it says to invest
▼ + stars: | 2023-12-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

There's good news for fixed-income investors heading into next year, according to Goldman Sachs Asset Management. After a dismal 2023, next year will be "the year of the bond," predicted Lindsay Rosner, head of multisector fixed income investing at the money manager. "Fixed income is a great place to be," she said in an interview with CNBC. The investment firm recently released its outlook for 2024 and called the recent run of negative fixed income returns in response to "an inflation and policy shock" an anomaly and not the trend. "Given [that] duration can be your friend again, things are lining up to put you in a really good position in fixed income."

Persons: Lindsay Rosner, TINA, TARA, Goldman, Rosner, Michael Bloom Organizations: Goldman Sachs Asset Management, CNBC, Federal Reserve, Treasury

☆ Kevin Hart shares his No. 1 'secret weapon' for career success—it's great advice, experts say
▼ + stars: | 2023-12-01 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

In addition to his comedy, actor Kevin Hart owns a plant-based restaurant chain, a tequila brand and an entertainment and production company called HartBeat. The single thread between them all, and the "secret weapon" to his success, the 44-year-old said in a recently published MasterClass course: the power of humor. "Humor has acted like the master key to every door that I've [gone] through," said Hart. In much tougher moments, humor is equally valuable, Hart noted. Making people genuinely laugh boosts their output by up to 12%, found a 2015 study that Sgroi co-authored.

Persons: Kevin Hart, Hart, you've, Daniel Sgroi, Warren Buffett Organizations: University of Warwick, CNBC, The University of Pennsylvania, Hong Kong University of Science, Technology

☆ Don’t get sick from salmonella this holiday season
▼ + stars: | 2023-12-01 | by ( Lisa Drayer | ) edition.cnn.com time to read: +11 min

Martin Wiedmann: Salmonella is a microorganism that is very small. You might ingest salmonella 100 times, and 99% of the time you are fine, but then one time you get sick. Wiedmann: Raw cookie dough represents a risk for salmonella, even if you have eaten raw cookie dough in the past without getting sick. Best ways to avoid getting infected with salmonellaTo limit your chances of salmonella infection, cook raw meat and poultry properly. If a spatula touches raw meat on a grill for example, that spatula can also be a source of salmonella.

Persons: Martin Wiedmann, Martin, miodrag ignjatovic, Will, cantaloupe, ” Wiedmann, Lisa Drayer Organizations: CNN, Cornell University, New York, New York State Integrated Food Safety Center of Excellence, salmonella, Centers for Disease Control, CDC, “, Food and Drug Administration, US Department of Agriculture Locations: Ithaca , New York, New York State, United States

☆ George Santos criticized gay marriage on his own wedding anniversary: 'It should have been a civil union'
▼ + stars: | 2023-12-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

George Santos sat down with a group of reporters the day before he was expelled. "I was an opposer of gay marriage," Santos said in response to a question about his relationships with more conservative House Republicans, according to audio obtained by Business Insider. AdvertisementIt just so happened to be the two-year anniversary of his own gay marriage to his husband, Matt. ❤️ pic.twitter.com/uoVTuVSTWp — George Santos (@MrSantosNY) November 30, 2023"I thought it should have been a civil union," said Santos, referring to the alternative to fully-recognized marriage that some proposed prior to the Supreme Court's legalization of same-sex marriage in 2015. "I'm not saying I oppose just gay marriage.

Persons: George Santos, —, George Santos's, Santos, Matt, uoVTuVSTWp — George Santos, I'm, Marjorie Taylor Greene's, Ron DeSantis Organizations: Service, Republican, Capitol, —, House Republicans, Business, Rep, Florida Parental Locations: Florida

☆ TikTok made overconsumption cool. Now, it's turning against it.
▼ + stars: | 2023-12-01 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +5 min

People are calling out overconsumption, and redefining what it means to be cool on social media. Social media users have long called out the consumerist culture fostered by social media, but recently a group of anti-heroes rose into the TikTok spotlight to battle this kind of overspending using their online platforms. It also reflects a marked change from the kind of aspirational content that people have historically associated with other social media platforms like Instagram. The fight against overconsumption perhaps indicates that creators are trying to redefine the standard of what it means to be cool. The glorification of overconsumption that defined social media may be on its way out.

Persons: TikTok, overconsumption, —, We're, there's, that's, Michelle, Ellie, Kim reshared, Kim Organizations: Service, overconsumption

☆ Top tech YouTuber breaks down the Tesla Cybertruck's 'ridiculous' windshield wiper and tricky door handles
▼ + stars: | 2023-12-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Brownlee also said he appreciated the high level of visibility in the truck, which has a massive windshield. "It feels way more nimble in parking lots and it feels like it shrinks the wheelbase, the whole dimensions of the truck," Brownlee said. The Cybertruck doesn't have any door handles — a feature that some new Cybertruck owners appeared to struggle with during the delivery event. Brownlee expressed some concerns about the lack of door handles on the Cybertruck.

Persons: YouTuber Marques Brownlee, he's, Tesla, —, Brownlee, I'm, Marques Brownlee, Elon Musk Organizations: Service, YouTube Locations: California

☆ How Nespresso has made gains in the Keurig-dominated U.S. coffee pod market
▼ + stars: | 2023-12-01 | by ( Ryan Baker | ) www.cnbc.com time to read: +2 min

Nespresso is brewing up competition in the U.S. coffee pod market. Nestlé's Nespresso, meanwhile, has had more success around the world, in a global retail coffee market that the Swiss food and beverage giant says is valued at about $100 billion. Nespresso's rise comes after the Keurig system took the U.S. by storm a decade ago. The company grew its domestic coffee sales by nearly $3 billion in the four-year span between 2009 and 2013. "There's still over 50 million households left in the U.S. coffee market that we look at and say, 'how do we meet the needs of those users?'"

Persons: Keurig, Nestlé's Nespresso, Nespresso, Matthew Barry, Nestlé, It's, Jean, Paul Gaillard, Alfonso Gonzalez Loeschen, Euromonitor's Barry, There's, Patrick Minogue, Dr Pepper Organizations: U.S, Euromonitor, CNBC, JPMorgan, Nespresso's, North America Locations: U.S, United States, North America

But the three men topping Israel's hit-list remain at large: Deif, the head of Hamas' military wing, the Izz el-Deen al-Qassam Brigades; his second in command, Marwan Issa; and Hamas' leader in Gaza, Yahya Sinwar. The three leaders are directing Hamas' military operations and led negotiations for a prisoner-hostage swaps, possibly from bunkers beneath Gaza, three Hamas sources say. The objective of the war remains to dismantle Hamas' military and government capabilities, Michael said, which could involve a turbulent period in Gaza after the war. An Israeli military officer, who spoke to reporters on condition of anonymity, said the IDF viewed the elimination of such combat-level commanders as essential to dismantling Hamas' military capabilities. Israel has killed Hamas' leaders in the past, including the group's founder Sheikh Ahmed Yassin and its former leader Abdel-Aziz al-Rantisi, assassinated in a 2004 air strike.

Persons: Ilan Rosenberg, Yoav Gallant, Mohammed Deif, Deen al, Marwan Issa, Yahya Sinwar, Issa, Israel, Benjamin Netanyahu, Gallant, Sinwar, Michael Eisenstadt, we've, Eisenstadt, Osama Hamdan, Joe Biden's, al, Kobi Michael, Michael said, Michael, Gilad Shalit, Shalit, Gerhard Conrad, Conrad, Al, Sheikh Ahmed Yassin, Abdel, Aziz, Rantisi, Sheikh Yassin, Hamdan, Dan Williams, Samia Nakhoul, Daniel Flynn Organizations: REUTERS, Israeli, Hamas, Brigades, Qatar, Reuters, Military and Security, Washington Institute for Near East, Israel Defense Forces, Israel, Islamic, Israel's Ministry, Strategic Affairs, IDF, German Intelligence Agency, politburo, Thomson Locations: Gaza, Kibbutz Beeri, Israel, Tel Aviv, Deif, Gaza City, Lebanon, East, U.S, States, al Qaeda, Islamic State, Iran, United States, Iraq, Syria, Palestinian, Israeli, Sinwar, Al Jazeera, Rantissi, Jerusalem

Most grandparents offer some form of financial help to their children and grandchildren. Between inflation, rising housing costs, and increasing interest rates, it makes sense that grandparents and parents may want to help support their children and grandchildren financially. If parents weren't supporting their adult children, they'd have almost $3,000 more annually to put into their retirement funds, that same research found. Studies show that many grandparents are sabotaging their own financial future to help their adult children and grandchildren." Or grandparents might consider cohabitating with adult children and grandchildren to save money.

Persons: —, I'd, Cyrus Bamji, Savings.com, Bamji, it's, there's, Baby Boomers, Roth Organizations: Service, Alliance, Lifetime, AARP, Alliance for Lifetime

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