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☆ Shein made $2 billion in profits last year. That's a lot of fast fashion.
▼ + stars: | 2024-04-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

That beats the fiscal year of rival fast fashion company H&M. AdvertisementIt appears we consumed quite a bit of fast fashion last year. AdvertisementFor a generation of shoppers who say they like to be environmentally conscious, that's a lot of fast fashion — an industry that relies on cheap labor but comes with a heavy environmental cost. Still, it was a recognition from the fast fashion giant that it knows who its audience is and what they care about. But for now, it's onward and upward for fast fashion.

Persons: Zers, millennials, —, Barron's, It's, Shein, Janus, Jadrian Wooten Organizations: Service, Financial Times, United Nations Environment, New, Virginia Tech, Sheffield Hallam University, & $ Locations: Zara, England, Guangzhou, China

☆ 25% of Gen Zers say they'll need a therapist to deal with tax filing stress—here's the first step to take to make it easier
▼ + stars: | 2024-04-01 | by ( Annie Probert | ) www.cnbc.com time to read: +4 min

You will receive a W-2 form from your employer if you worked for a paycheck or earned at least $600 in 2023. You can find the 1099-INT form by logging into your bank account and following directions to tax documents. But even if you don't get a form from your exchange, "that doesn't mean you don't need to report it," says Pianoforte. The IRS's frequently asked questions on crypto transactions is also helpful for answering more detailed questions about how to report crypto on your taxes. Form 1098-TIf you're paying college tuition, a 1098-T form will help determine which education-related tax credits you're eligible for.

Persons: doesn't, Pianoforte, filers, Read, haven't, you've, Douglas Boneparth Organizations: Internal Revenue Service, NEC, cryptocurrency, CNBC, Bone

☆ 26-year-old is one of first Gen Z women to hold public office in the U.S., works at Google and is getting her MBA—how she balances it all
▼ + stars: | 2024-03-30 | by ( Morgan Smith | ) www.cnbc.com time to read: +7 min

Amiwala, who grew up and attended school in Skokie, thought a local school board might be a better fit for her interests and experience after losing her first race. "It made me more determined to get involved in politics as a form of activism," Amiwala tells CNBC Make It. She won her second term on the school board in April 2023, a position she will hold until 2027. CNBC Make It: How do you balance your board of education work with your job at Google and attending business school? CNBC Make It: Have you had any unique experiences as one of the first Gen Z elected officials in the U.S.?

Persons: Bushra Amiwala, Amiwala, she's, hasn't, I've, that's Organizations: Skokie School, of Education, Muslim, U.S, House, DePaul University, CNBC, Assembly, Google, Northwestern's Kellogg School of Management Locations: U.S, Skokie, Skokie , Illinois, Cook County, Chicago, Illinois

☆ I followed Apple CEO Tim Cook's morning routine for a week. It left me exhausted and with a budding caffeine addiction.
▼ + stars: | 2024-03-29 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +2 min

I've been trying to implement a productive morning since moving for work in January. I decided to challenge myself and copy the morning routine of Apple CEO Tim Cook. There's no way I'll ever wake up as early as him, but I did start to enjoy a morning coffee. AdvertisementSince moving to the New York metropolitan area in January 2024, I've been working on establishing a productive morning routine to help me succeed in my transition to adulthood. Minus the early wake-up time, his routine seemed very approachable, with realistic opportunities to integrate healthier habits into my own life.

Persons: I've, Tim Cook, —, Zers, Mark Organizations: Apple, Service Locations: There's, New York

☆ Rents across the U.S. grew for the first time in 6 months — only Arizona saw price drops in every metro
▼ + stars: | 2024-03-28 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Rent prices for one- and two-bedroom apartments grew in March for the first time in six months. The monthly cost for a one-bedroom apartment across the U.S. bumped up to $1,487, a 0.3% increase from February. The price of a typical two-bedroom apartment also jumped 0.5% to $1,847, according to a new report by Zumper, a real estate data site. For example, the rent price for a one-bedroom apartment in Baltimore, Maryland, is $1,390, down 0.7% from a year ago, per Zumper. "As we get closer and closer to summer, we start to see rent prices increase in more places."

Persons: Zumper, Crystal Chen, Jacob Channel, Susan M Organizations: Zumper, Finance, The Wharton School, University of Pennsylvania Locations: U.S, Baltimore , Maryland, Zumper . Arizona

☆ How taking a break can help save an influencer's dying career, even when it seems like there's no hope
▼ + stars: | 2024-03-27 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLast year, Gabbie Hanna took an extended break from the internet, with some thinking she would never come back. The shift in perception is not guaranteed by stepping away, but it does help, experts say. Advertisement"The public tends to be more forgiving of celebrities and influencers who come back and show genuine change," Varbanova said. How getting 'canceled' has changedHanna, like many influencers, has been "canceled" multiple times over her career.

Persons: Gabbie Hanna, influencers, —, Hanna, David Dobrik's Vlog, Toni Ferrara, Varbanova, It's, Colleen Ballinger —, earthness, Sophie Wood, it's, Wood, Gen Zers Organizations: Service, YouTube, Ferrera Media, Business

☆ A third of Gen Z and millennial homebuyers plan to use family money for a down payment amid sky-high housing costs
▼ + stars: | 2024-03-27 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

More than a third of Gen Z and millennial homebuyers anticipate their families to help with the cost, Redfin says. NEW LOOK 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 . AdvertisementNearly half of Gen Zers and millennials say they aren't keen on buying homes soon due to sky-high prices. "The bigger problem is that young Americans who don't have family money are often shut out of homeownership.

Persons: Gen Z, Redfin, —, Z, Zers, Daryl Fairweather, they're, " Fairweather Organizations: Service Locations: America

☆ 3 things America can do to solve its retirement crisis, according to BlackRock chief Larry Fink
▼ + stars: | 2024-03-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Read previewAmerica has a real retirement crisis on its hands — and there are three things it can do to help solve it, according to BlackRock chief Larry Fink. In his annual letter to investors, the CEO of the world's biggest asset manager pointed to an unfolding crisis for current and future retirees. 46% of Americans aged 55-65 don't have any cash invested in a personal retirement account, according to 2022 Census data. Help retirees spend their savingsMost retirees are uncomfortable dipping into their pile of savings. Give young people a reason to want to investFear is one of the main obstacles preventing young people from investing in their retirement, Fink said.

Persons: —, Larry Fink, Fink, " Fink, AARP —, BlackRock, I've, Gen Zers Organizations: Service, BlackRock, Center for Retirement Research, Business, Security, Congressional, Office, Insurance Trust Fund, Social Security, AARP, University of Michigan, America, McKinsey & Company Locations: America, Australia, BlackRock

☆ We're watching an American retirement crisis unfold
▼ + stars: | 2024-03-25 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +7 min

The big storyRetirement crisisart-4-art/Getty Images; Adobe Firefly; Jenny Chang-Rodriguez/BIWhat was once a natural part of the American dream — retirement — is now a luxury many workers can't afford. All of that combines to form a growing, and increasingly bleak, American retirement crisis. Plus, some who do leave work early end up regretting it . AdvertisementWhile early retirement isn't for everyone, retirement at its most basic level — leaving work after most of our adult lives — should be. The notion that people who've done everything they were supposed to, and still can't retire, points to major problems in the system at large.

Persons: —, Jordan Parker Erb, Dan DeFrancesco, Haven't, Jenny Chang, Rodriguez, they've, Juliana Kaplan, doesn't, Juliana, who's, she's, Alounthong, Getty, Klaus Vedfelt, Tyler Le, Zers, millennials, Warren Buffett's, Buffett, Sam Bankman, Daniel Jurman, it's, Rebecca Zisser, Elon Musk, Donald Trump, Hallam Bullock, George Glover, Grace Lett, Lisa Ryan Organizations: Service, Business, Pensions, Social Security, Prosecutors, BI, Apple, Accenture, Deloitte, Google Locations: America, India, China, American, New York, London, Chicago

☆ Gen Z Is Primed to Succeed at Starting Their Own Small Business
▼ + stars: | 2024-03-25 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

He was able to scale the business to more than $600,000 in revenue by 2018, when he graduated from high school. Before the internet, starting a business was a serious hassle. The problem wasn't that people weren't interested in starting a business: A 2016 EY study found that 62% of 18- to 34-year-olds had toyed with venturing into business ownership. That has made starting a business all the more appealing — and affordable — for prospective entrepreneurs. And with the plethora of digital tools we have today, starting a business is more accessible than ever.

Persons: Luke Lintz, Lintz, Bernhard Schroeder, Schroeder, Gen Zers, —, Martin Warner, Warner, GoDaddy, HighKey, Nicki Minaj, Kevin Hart, Khloé Kardashian, Tom Peters, Peters, " Schroeder, ZenBusiness, Gen, Zers, he'd Organizations: Apple, Shipping, Lavin Entrepreneurship, San Diego State University, Entrepreneurship, Dynamics Statistics, Business, Fast Company, Small Business Administration Locations: North America, China

☆ I'm Gen X, but sometimes I wish I wasn't. I admire Gen Z for speaking up in the workplace.
▼ + stars: | 2024-03-24 | by ( Hady Mendez | ) www.businessinsider.com time to read: +6 min

It's just that Gen Z has so much more going for it. Gen Z cares about a company's commitment to DEI — to the point that they'll decide where to work based on that investment. Gen Z demands what they need and want. Gen Z boldly leverages social media to record their #TechLayoffs, talk about #QuietQuitting, and encourage each other to #ActYourWage. I love the perspective Gen Z brings to the future of work and appreciate their thoughtful contributions.

Persons: It's, Meatloaf, Gen Z, pissing, Gen, —, Gen Zers, Gen X, I've, Roe, Wade, Millennials, I'm, Hady Mendez Organizations: Service, Benetton, Business, Latina Locations: Latina

☆ The top 10 U.S. cities where a $100,000 salary goes the furthest—half are in Texas
▼ + stars: | 2024-03-19 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

It turns out, that includes how far a $100,000 salary will get you, according to a recent SmartAsset study. A six-figure income offers the most purchasing power in El Paso, Texas, the study found. In El Paso, a $100,000 salary amounts to around $88,840 after taking out those expenses. One factor potentially fueling the Lone Star State's dominance is its tax friendliness, since Texas does not collect state income taxes. However, residents still pay federal income taxes and face some of the highest property taxes in the country.

Persons: Zers —, — Organizations: Council for Community, Economic Research, Census, Christi, Houston, Star Locations: Texas, U.S, El Paso , Texas, El Paso, Mexico, RentCafe, San Antonio, Lubbock

☆ This company charges from $350 an hour to teach people how to behave at work
▼ + stars: | 2024-03-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs more companies issue return-to-office mandates, it's opened up discussions around people lacking office etiquette — from what they eat in the office to how they converse with colleagues. Myka Meier runs US-based firm Beaumont Etiquette , which offers etiquette courses for companies and individuals to learn soft skills like communication, dining etiquette, and how to dress for work, among other things. Gen Z is struggling with communication skillsSome Gen Z workers are struggling with soft skills like communication. Advertisement"You have to educate yourself — all etiquette is, is being kind and respectful to other people and putting others first."

Persons: —, it's, Myka Meier, Meier, Gen Z, Longhua Liao, Zers, that's Organizations: Service, Business, Fortune, KPMG, Deloitte

☆ When a Gen Zer studied in Milan, he met a best friend online to combat loneliness. They still maintain a friendship despite living in different continents.
▼ + stars: | 2024-03-17 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Nick Portello (left) and Michele Gandolfi (right) maintain their international friendship over social media. Portello loved getting to experience Milan from a local's perspective, and Gandolfi appreciated doing new activities in his home city. "It's different living as a queer person in Italy, in a big town like Milan, or in New York like Nick." Portello said his experience meeting Gandolfi has encouraged him to reach out to new people and continue building real friendships on social media. Are you a Gen Zer who met friends online or maintain a long-distance friendship?

Persons: —, Nick Portello, Michele, Mycah, We've, Zers, Michele Gandolfi, Portello, Gandolfi, Milan, — he's, It's, Nick, Zer Organizations: Service, Business Locations: Italy, Milan, Reddit, American, That's, New York, Stockholm, London, Europe

☆ Employers are hiring etiquette coaches to teach clueless RTO workers how to behave
▼ + stars: | 2024-03-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Workers are having to be coached on how to behave in the office as companies implement RTO policies. More than 60% of bosses said they plan to offer etiquette training by 2024, a survey said. "Etiquette is now like a buzzword," etiquette coach Suzy Lins, the self-proclaimed Manners Maven, told Business Insider. "In our view, office etiquette training is vital, not only for newbies but for everyone on the team," Chappell said. "Certain roles require stronger communication skills," Martin, who works at a pharma company, said about the hiring process.

Persons: —, Suzy Lins, Manners Maven, Mike Chappell, Chappell, Zers, Manners Maven Lins, Lins, they've, they're, Kevon Martin, he's, Martin, it's Organizations: Service, Employees, pharma

☆ The dark side of DINKs: People who want kids but can't afford them
▼ + stars: | 2024-03-16 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +12 min

Some DINKs are using their higher net worth to retire early, travel, and afford luxury items. But there's an even darker side to DINKs: The slice that forgoes kids not by choice but out of necessity. It's difficult to parse out the exact number of Americans who might want kids but can't have them. We know that the childfree group — people who don't want kids — might be about 20% of the US adult population. It's contributing to a whole population of DINKs who can't afford to shed the moniker.

Persons: DINK, —, you've, Gen Zers, it's, Kimberly Palmer, Kathryn Edwards, Larry Bienz, he's, Bienz, civically, let's, Amelia, Kevin, They've, We're, Amelia's, Roe, Wade, Zachary Neal, Neal, Jennifer Neal, Priscilla Davies, she's, Davies, They're Organizations: Service, Harris, RAND Corporation, American Society for Reproductive, US Children's Bureau, Michigan State Locations: NerdWallet, DINKs, Chicago, Michigan

☆ 2 experts suggest these 8 side hustles to try this year if you're looking to make money outside your job
▼ + stars: | 2024-03-16 | by ( Madison Hoff | ) www.businessinsider.com time to read: +10 min

AdvertisementSide hustles can include building a profitable business, spending a few minutes on an online gig like survey work, or working a job that falls outside your typical 9-to-5. AdvertisementPet sitting or other kinds of care workAnother side job could be watching someone's pets or care-related side hustles. AdvertisementFood deliveryThere are several food delivery platforms people can try as a side job, such as Uber Eats. "You may be really passionate about art or that creative side, but that's not something that you do in your day job," Caban said. Have you made money from a side job or a side hustle?

Persons: Instawork's Kira Caban, Ted Rossman, —, Kira Caban, it's, Gen Zers, Rossman, Caban, Davis, Taylor Swift, Scott, Meghan Lim, Lim, Uber, Erin Couch, Couch Organizations: Service, Instawork, Business, BI, Baseball, Connect Locations: Nashville

☆ How Gen Zers Are Avoiding Layoffs in the Tech Industry
▼ + stars: | 2024-03-15 | by ( Bethany Johnson | Katie Notopoulos | ) www.businessinsider.com time to read: 1 min

Nearly 50,000 tech workers have lost their jobs since the start of this year. Now, Gen Zers are looking at a different sector for job security. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: Zers Organizations: Business

☆ Schools are facing a dire teacher shortage. Less competitive pay for Gen Z and young millennials could make it worse.
▼ + stars: | 2024-03-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

A new ADP Research Institute report showed how teacher pay compares to the pay of all employees. Teacher pay as a share of the pay for all employees aged 20 to 25 has greatly fallen over the years. AdvertisementThere's a shortage of teachers, and young adults could be shying away from the profession as teacher pay becomes less competitive. And for teachers aged 25 to 30, that has increased from $49,427 in January 2018 to $59,780 in October 2023. Education isn't the only field that may have trouble attracting young job seekers.

Persons: ADP's Nela Richardson, —, Nela Richardson, Jeff Nezaj, Gen Zers, Richardson, Nezaj, Gen, It's, Aaron Terrazas, we've Organizations: ADP Research, Service, Business, Bureau of Labor Statistics, ADP Research Institute, Census, Denver, Denver Classroom

☆ 47% of parents still financially support adult children, study finds. Here's how much they spend
▼ + stars: | 2024-03-11 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Many argue it's harder today for young adults to make it on their own. In addition to soaring food and housing costs, millennials and Generation Z face other financial challenges their parents did not at that age. More from Personal Finance:3 ways Gen Zers can build creditWhy can't today's young adults leave the nest? Gen Z, millennials are 'house hacking' to become homeownersBy other measures, young adults are doing well. And yet, 61% of adult children still living at home don't contribute to household expenses at all, Savings.com found.

Persons: Gen Zers, Savings.com Organizations: Savings.com, Finance

☆ From Stanley Cups to snail mucin skin care—here’s the No. 1 way to keep viral TikTok products from draining your wallet
▼ + stars: | 2024-03-09 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

If you've spent any amount of time on social media apps like TikTok and Instagram, you're probably familiar with the seemingly endless stream of viral products popping up on your feed. And while something like a $45 Stanley Quencher cup or $25 bottle of COSRX Snail Mucin skin-care essence probably won't break the bank, regular, impulsive spending can seriously damage your finances if you're not careful. Americans spend hundreds on social-media driven impulse buysAmericans spend around $754 a year on spur-of-the-moment purchases made on social media platforms, according to Bankrate's September survey, the latest available data. While you shouldn't feel bad for treating yourself every now and then, you should be aware of how those purchases may be impacting your long term financial stability. How to get impulse spending under control

Persons: you've, Stanley Quencher, Gen Zers

☆ Sephora's success shows that people still want to treat themselves during tough economic times
▼ + stars: | 2024-03-09 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +2 min

Sephora's CEO said the company had benefited from the "lipstick effect," The FT reported. Sephora's CEO, Guillaume Motte, told The FT that its sales success, which is highlighted in LVMH's 2023 annual results, benefited from the "lipstick effect." In-store sales have driven Sephora's recent growth, Motte told The FT. In the annual results report, Arnault linked the company's growth to the "ever-growing popularity of Sephora's store concept worldwide." The US is Sephora's biggest market and "we are gaining market share there like crazy," Motte told The FT. Across North America, Sephora reached $10 billion in revenue in 2023.

Persons: LVMH, —, Guillaume Motte, Alpha, Gen Zers, Motte, Bernard Arnault, Jeff Bezos, Arnault, Sephora Organizations: Service, FT Locations: North America

☆ The credit card crisis is worse for millennials and Gen Zers
▼ + stars: | 2024-03-09 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

The credit card debt for young Americans has grown at a faster pace than other generations. AdvertisementAmericans are in the midst of a credit card crisis, and nobody is being hit harder than millennials and Gen Zers. The study examined the anonymized credit scores of 41 million customers and anonymized credit card balances for about 80 million people in March 2022 and February 2024. Credit scores are falling for young AmericansThe soaring credit card debt has coincided with falling credit scores for these younger groups of consumers. If that happens, credit card debt will likely keep growing, and credit scores for young Americans could keep dropping.

Persons: Gen Zers, —, Zers, Z, millennials —, Rich Franks, Franks, Gen Z, that's, OnePoll, millennials Organizations: Service, Federal Reserve Bank, Intuit Credit Karma, Intuit Credit, Forbes, MMI, Money Management Locations: millennials

☆ What dream job? Gen Z and millennials are being forced to confront a difficult job market.
▼ + stars: | 2024-03-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

The unemployment rate rose to 3.9% last month, the highest level in two years. AdvertisementGen Z and millennials entering the job market or in the early stages of their careers are facing a much tougher job market than in recent years, and many are adjusting their expectations for a dream career as the hiring landscape worsens. Despair about the ailing job market looks most acute among recent graduates, or students quickly approaching their graduation dates. AdvertisementOnly 44% of workers under 30 said they were "very satisfied" with their job, according to a 2023 Pew Research study. The job market boomed during the pandemic, with the unemployment rate going from 6.4% at the beginning of 2021 to 3.5% at the end of 2022.

Persons: Z, —, Gen Zers, Harry Holzer, Natasha Bernfeld, Bernfeld, Larry Jackson, he's, they've, Jackson, Emily Bianchi, Bianchi, it's, Georgetown's Holzer, It's, Dua Organizations: Service, Federal Reserve, Challenger, McKinsey & Company, Labor Department, UC Berkeley's, Pew, Emory University Locations: Georgetown, New York, Dua

☆ Opinion: ‘Side Hustlers’ paints a grim picture of American dream
▼ + stars: | 2024-03-08 | by ( Opinion Elena Sheppard | ) edition.cnn.com time to read: +5 min

The American workplace has undeniably changed since 2020 and the start of the pandemic. A company job is no longer the dream. Their day jobs are treated like situations to get out of to find real business potential. The American dream — of upward mobility, individual prosperity and success — in 2024 anyway, is not a result of traditional employment. “I don’t go to sleep,” one of the contestants says of how she balances her day job and her hustle.

Persons: Elena Sheppard, ”, Ashley Graham, Emma Grede, teetering, Gerde, Graham, Sheppard, Gen, —, “ It’s, “ I’ve, it’s Organizations: Cuban, Martin’s Press, CNN, Good, Grede Locations: Cuban Diaspora, St, American

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