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☆ Meet OpenAI’s first chief economist—3 things you may not know about him
▼ + stars: | 2024-10-28 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

[alt heds: OpenAI has hired its first chief economist – 3 things to know about him3 things you may not know about OpenAI's new chief economist]While no one knows exactly how artificial intelligence will reshape society, OpenAI plans to analyze the technology's potential economic impact. On Oct. 22, OpenAI named Dr. Aaron "Ronnie" Chatterji as its first chief economist. In this role, he will oversee research on a range of AI-related topics, including how AI innovations may impact the global economy and how the workforce can utilize AI tools both now and in the future, according to OpenAI's press release. While this move marks a first for OpenAI, it won't be Chatterji's first high-profile role. Here are three things you may not know about OpenAI's new chief economist.

Persons: OpenAI, –, Aaron, Ronnie, Chatterji, Larry Summers Organizations: U.S . Treasury

☆ Dock tragedy is latest chapter in Gullah Geechee community’s long struggle
▼ + stars: | 2024-10-27 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +12 min

The collapse killed seven people, injured several others and gave his two girls what Michael Wood said was their first glimpse of the Gullah Geechee community’s longtime heartache and resilience. Courtesy Michael WoodThe October 19 tragedy is the latest chapter in the struggles of one of the last surviving Gullah Geechee communities in the Georgia Sea Islands. The state settlement included the construction of the dock and “new aluminum gangways” as well as improved ferry service. The day of the collapse Grovner eventually returned to the dock area, where he and others covered some bodies with blankets. White, the Georgia Southern University professor, added: “The Gullah Geechee community has always had to fight for their survival.

Persons: Michael, Kimberly Wood, Michael Wood, ”, Wood, Hailey, Kimberly, Riley, Joyce White, Jacqueline Crews Carter, Cynthia Gibbs, William Johnson Jr, Carlotta McIntosh, Isaiah Thomas, Queen Welch, Charles L, Charles Houston, Febury Hassan, Zelda Johnson, William Johnson Sr, John Thomas, Ben Crump, Gangway, Hogg, Walter Rabon, “, Milton, Ben Crump –, Lewis M, Levine, Susie, ” Michael Wood, I’m, Trevor Santos, Grovner, goddaughter, she’ll, Reginald Hall, ” Hall, ” CNN’s Dalia Faheid, Ashley R, Williams, Michelle Watson, Melissa Alonso, Sharif Paget, Sarah Dewberry, Zoe Sottile, Philip Wang, Adeline Chen, Teo Kermeliotis, Emma Tucker, Nicole Chavez, Devon Sayers, Kia Fatahi, Nick Valencia, Zenebou Sylla Organizations: CNN, Heritage Center, Georgia Southern University, Georgia Department of Natural Resources, Impact, DNR, Georgia Bureau of Investigation, Coast Guard Locations: gangway, Savannah, Georgia, Jacksonville , Florida, Atlanta, Darien , Georgia, Geechee, ”, Sapelo

☆ Google, Adobe and IBM are aiming to help millions gain AI skills—here’s what to know
▼ + stars: | 2024-10-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

On Oct. 16, Google announced that it will award $15 million in new grants to two nonprofit organizations: The Partnership for Public Service and InnovateUS. The grants are part of Google.org's $75 million AI Opportunity Fund, an initiative aimed at helping upskill the U.S. workforce. The Partnership for Public Service will receive a $10 million grant to open the Center for Federal AI in the spring of 2025, according to a press release. The center plans to offer a federal artificial intelligence leadership program to help further educate government workers on how to evaluate potential use cases for AI and increase AI literacy. In September, Google also committed to investing $25 million in nonprofits focused on training educators and students around the U.S. on AI literacy and generative AI tools.

Organizations: Google, Public Service, Opportunity Fund, Federal AI Locations: Google.org's

☆ If you invested $10,000 in Apple, Nvidia, or these 8 other stocks in 1999, you'd have over $1 million now
▼ + stars: | 2024-10-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Outside of technology giants like Nvidia and Apple, you may not have heard of many of the top 10 publicly traded companies that delivered the highest 25-year total return to their investors. A few years later, on October 22, 1999, its stock price had risen slightly to over $3. If you had invested $10,000 in the company at that time, your investment would be worth nearly $9 million as of October 22, per CNBC's calculations. Nvidia has experienced meteoric growth in the value of its stock over the past quarter century as well. A $10,000 investment in Nvidia made 25 years ago would be worth a little over $32 million now.

Organizations: Nvidia, Apple, Corporation, CNBC

But they are on the same side on fracking — a key energy and environmental issue in the biggest battleground state in the election. Comfortable majorities of Pennsylvania voters support fracking, according to multiple recent polls. Bair said he gets “very frustrated” when he hears the Trump camp “beating this drum” that Harris wants to end fracking. “She’s not going to ban fracking. You’re not going to be able to make good policy decisions about it.”Gray’s message to those who advocate to ban fracking: “Go without gas.

Persons: — John Stewart, Robert Bair, Donald Trump’s, Kamala Harris, Harris, Bair, —, Katie Blume, Erik McGregor, ”, Trump, ” Stewart, Stewart, Biden, Walz, “ She’s, She’s, “, Donald Trump, Jeff Swensen, Devon Johnson, Johnson, Frank Gray, Blume, ” Blume, fracking, ” Gray, you’ve, you’re, You’re Organizations: Cameron Energy Co, Conservation Voters, NBC News, Biden, Residents, Trump, Shell Chemicals, Keystone XL, Steamfitters Union Local, fracking Locations: HOWE, Pa, Pennsylvania, U.S, Exton, Monaca, Canada, Nebraska, Pittsburgh, fracking

☆ Sapelo Island ferry resumes operations after deadly boat dock gangway collapse
▼ + stars: | 2024-10-21 | by ( Nicole Chavez | Michelle Watson | ) edition.cnn.com time to read: +8 min

CNN —A ferry connecting an island off the coast of Georgia resumed operations Monday while the investigation to see what might have caused a deadly dock collapse that killed seven people continues. “Our hearts continue to go out to the victims, their families, and all of those involved in Saturday’s tragic occurrence on Sapelo Island,” said Walter Rabon, the department’s commissioner. Febury Hassan/Caring Connection Chaplaincy/Zelda Johnson/William Johnson Sr./John Thomas/Impact Church“He was a real, laid back, humble guy,” his son, Jeff Thomas, told CNN. “Sapelo Island itself is a jewel within Georgia,” he said. The event honors Geechee traditions and has “entertainers, vendors, and special guests, including Island descendants” according to the Sapelo Island Cultural and Revitalization Society.

Persons: ”, Walter Rabon, Ben Crump, ” Crump, ‘, Melvin Amerson, Jacqueline Crews Carter, Cynthia Gibbs, William Johnson Jr, Carlotta McIntosh, Isaiah Thomas, Queen Welch, Charles L, Welch, Johnson Jr, William Johnson Sr, ” Johnson, ’, Zelda, “, Zelda Johnson, Thomas, Charles Houston, Febury Hassan, John Thomas, Jeff Thomas, Thomas ’, Catherine Sneed, ” Sneed, Vanessa Jordan, Deacon Randall Jordan, Gibbs, Jordan, McIntosh, ” Febury Hassan, ” Hassan, Hassan, Roger Lotson, Lotson, ” Lotson, ” CNN’s Devon Sayers, Kia Fatahi, Zenebou Sylla Organizations: CNN, Georgia Department of Natural Resources, ”, US Air Force, Wellesley College, Impact Church, Revitalization Society Locations: Georgia, Jacksonville , Florida, Atlanta, Darien , Georgia, McIntosh County, Sapelo, ”, McIntosh

☆ Al Pacino calls his spending a 'crazy montage of loss' early in his career: 'I had $50 million and then I had nothing'
▼ + stars: | 2024-10-17 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Oscar winning actor Al Pacino didn't get into acting for the money. "I didn't understand how money worked, any more than I understood how a career worked," he writes. However, from paying his landscaper $400,000 a year to maintain a home he didn't live in to unknowingly paying for 16 cars and 23 cellphones, his finances began to spiral out of control. "The kind of money I was spending and where it was going was just a crazy montage of loss," he says. "I had $50 million and then I had nothing," he writes.

Persons: Oscar, Al Pacino didn't, Sonny Boy

☆ Georgia school shooter and his father indicted on new counts in Apalachee High School killings
▼ + stars: | 2024-10-17 | by ( Mallika Kallingal | Devon M. Sayers | ) edition.cnn.com time to read: +5 min

Colt Gray, 14, was indicted on a total of 55 counts, including four counts of felony and malice murder, plus aggravated assault and cruelty to children. His father, Colin Gray, was indicted on 29 counts, including two counts of second-degree murder, two counts of involuntary manslaughter, and multiple counts of second-degree cruelty to children and reckless conduct. Last month, Colt Gray was arraigned on four counts of felony murder, and Colin Gray was arraigned on four counts of involuntary manslaughter, two counts of second-degree murder and eight counts of cruelty to children. Investigators testified Wednesday that Colin Gray knew of his son’s deteriorating mental state and his fascination with campus shootings ahead of the rampage. And while his mother Marcee Gray called Apalachee pleading for staff to find her son, Colin Gray did not call.

Persons: CNN —, Colt Gray, Colin Gray, ” Colt Gray, – Mason Schermerhorn, Christian Angulo –, Richard Aspinwall, Cristina Irimie –, Jennifer, James Crumbley, Ethan Crumbley, Gray, ”, Colt, Kelsey Ward, Marcee Gray, Ward, “, Jud Smith, Cindy Von Quednow, Phil Gast, Rebekah Reiss, Holy Yan, Emma Tucker, Dalia Faheid Organizations: CNN, Apalachee High School, Georgia Bureau of, FBI, of Investigation, WXIA Locations: Georgia, Winder , Georgia, America, Michigan, Parkland , Florida, ” Barrow County

☆ How much money you'd have now if you invested $1,000 in Netflix 10 years ago
▼ + stars: | 2024-10-17 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Netflix is helping to kick off the latest earnings season with the streaming giant set to report its third quarter earnings after market close on Thursday. The company's stock price has steadily risen since the beginning of the year. However, this upcoming earnings report may be one of the last times investors receive regular updates on Netflix's membership numbers. "This change is really motivated by wanting to focus on what we see are the key metrics that we think matter most to the business," Netflix co-CEO Gregory Peters said during the company's 2024 first quarter earnings call on April 18. "We'll periodically update when we grow and we hit certain major milestones, we'll announce those.

Persons: Gregory Peters, we'll Organizations: Netflix

☆ 24-year-old made over $162,000 from her YouTube channel in 2 years—why she decided to get a corporate job anyway
▼ + stars: | 2024-10-13 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Sharon Kim credits her social media earnings for giving her the ability to purchase a $750,000 home with her brother shortly after graduating from Parsons School of Design in 2023. She started her YouTube channel in 2018 when she was in high school. Although she earned around $162,000 from the channel over the course of 2022 and 2023, Kim ultimately decided to pursue a corporate career as a UX designer for one key reason: stability. Kim currently earns around $94,000 as a UX designer in New York City and maintains her YouTube channel on the side. "Something content creation gives me that corporate can't is a sense of autonomy," Kim says.

Persons: Sharon Kim, Kim Organizations: Parsons School of Design, CNBC, YouTube, Parsons Locations: New York City

☆ Floridians detail Hurricane Milton and Helene’s toll on their mental health
▼ + stars: | 2024-10-13 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +10 min

The surging floodwaters from Hurricane Milton poured in through the windows late Wednesday and their refrigerator slowly floated away. Even after floodwaters subside, the stress and anxiety can lead to lingering mental health challenges. Storms can exacerbate existing mental health problems or lead to new ones. Concerns about the mental health effects of back-to-back disasters come as researchers predict more frequent extreme weather events. But research suggests the hurricanes will make people more vulnerable to mental health problems and likely make it harder for them to recover, she said.

Persons: Amber Henry clutched, Milton, ” Henry, Helene, Hillsborough County Sheriff Chad Chronister, ” Chronister, Hurricanes Irma, Michael, ”, Dana Rose Garfin, “, ” Garfin, Hurricane Milton, CNN “, Chronister, they’ve, Ning Lin, Sara Lesker, Henry, Gail Saltz, Kayla Lane, ” Lane, Lane, Fine, ” CNN’s Isabel Rosales, Ashley R, Williams, Christina Zdanowicz, Amanda Jackson, Emma Tucker, Cindy Von Quednow, Cheri Mossburg, Chelsea Bailey, Caroll Alvarado, Rebekah Riess, Devon Sayers, Mary Gilbert, Andy Rose, Zoe Scottie, Taylor Romine, Paradise Afshar Organizations: CNN, Hurricane Milton, Sunshine State, Hillsborough County Sheriff, Hurricanes, UCLA, League, Tropicana, Hurricane, Princeton University, Social, New York Presbyterian Hospital Locations: Lakeland , Florida, Tampa, wasn’t, Hurricane, Florida, Hillsborough County, Valrico, Lithia, Siesta, Florida’s, Pinellas, Hillsborough, Manatee, Sarasota counties, downtown St, Petersburg, Bradenton, Gulf, St . Petersburg, Long, New York, Lakeland, Bartow , Florida, Paradise

☆ You'll miss out on years of 'free money' if you wait until this age to start saving for retirement
▼ + stars: | 2024-10-11 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

If you don't start setting aside money for retirement by the time you turn 40, you may need to rethink your long-term plan. At 40, "you really have to start thinking about solving this challenge with more than just figuring out how to save more," she tells CNBC Make It. "You either have to keep earning money or you have to stop consuming or radically change what you consume during retirement." That may involve making bigger changes to your retirement lifestyle, such as downsizing your home, moving somewhere with a lower cost of living, not traveling as much or even working longer. "You're taking choices away from future you if you don't save when you're young," Lester says.

Persons: Anne Lester, Lester Organizations: CNBC

☆ Ariana Grande tells dejected ‘SNL’ cast that she doesn’t want to do ‘Wicked’ skits in hilarious promo
▼ + stars: | 2024-10-09 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —Ariana Grande would like to get a few things straight before she returns to host “Saturday Night Live” this weekend. She previously appeared on “SNL” as the musical guest in 2014 and 2024. She did double duty as both the host and musical guest in March 2016. This week, she will be joined by musical guest Stevie Nicks. “Saturday Night Live” airs on NBC on Saturday at 11:30 p.m. ET/8:30 p.m. PT.

Persons: CNN — Ariana Grande, “, Oz, Devon Walker, Michael Longfellow, Marcello Hernández, Andrew Dismukes, Lion, Dorothy, Oz ”, it’s, Stevie Nicks Organizations: CNN, SNL, NBC Locations: Grande

☆ Nearly a third of Gen Zers don't feel in control of their credit score—managing it is 'actually very easy,' says expert
▼ + stars: | 2024-10-06 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

However, around 20% of them say they don't have the knowledge or tools to do so and nearly 30% don't feel that they're in control of their credit score. Despite that, Gen Zers' average credit score isn't too shabby. As a reminder, your FICO score can fall anywhere between 300 and 850. "Managing your credit scores and credit reports is actually very easy and, almost, can be done without any overt effort on your part," John Ulzheimer, a credit expert who formerly worked for FICO and Experian, tells CNBC Make it. Here are the two most important factors that impact your credit score and how understanding them can help you give your score a boost.

Persons: Gen Zers, aren't, John Ulzheimer Organizations: CNBC, FICO

☆ Google is considering nuclear power to feed its energy-hungry AI data centers
▼ + stars: | 2024-10-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Google could one day use nuclear energy to power its AI data centers. Competitors like Amazon and Microsoft are turning to nuclear energy to power their data centers too. AdvertisementIf Google CEO Sundar Pichai's hints on Thursday are any indicator, nuclear energy may one day power some of Google's energy-hungry AI data centers. To be sure, this isn't the first time Google has expressed interest in clean energy alternatives like nuclear energy. In March, Amazon inked a $650 million deal to buy electricity from the Susquehanna nuclear power station, per the Financial Times.

Persons: Sundar Pichai, —, Sundar Pichai's, Pichai, bZnGkp4RnQ Organizations: Google, Microsoft, Service, Nikkei Asia

☆ Goldman Sachs says crude could spike by $20 on Iran oil shock
▼ + stars: | 2024-10-04 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

The oil tanker 'Devon' prepares to transfer crude oil from Kharg Island oil terminal to India in the Persian Gulf, Iran, on March 23, 2018. Oil prices could shoot up $20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, according to Goldman Sachs. U.S. crude oil prices just saw a third consecutive session of gains after Iran launched a ballistic missile attack on Israel, heightening tensions in the region. If Israel hits Iran's oil industry, supply disruptions in the Strait of Hormuz could become of concern, other analysts echoed. This strategically significant waterway connects crude oil producers in the Middle East with major global markets.

Persons: Struyven, Daan Struyven, Goldman Sachs, CNBC's, Saul Kavonic, Joe Biden, Brent Organizations: U.S . Energy Information Administration, Oil, CNBC, White, bbl, USD150, Fitch Solutions, BMI Locations: Devon, India, Persian Gulf, Iran, Saudi Arabia, UAE, Israel, U.S, China, Hormuz, Strait, Oman, OPEC

☆ I spent my childhood traveling for my dad's work. It wasn't all that glamorous, and I struggled when we moved home.
▼ + stars: | 2024-10-03 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

AdvertisementThis as-told-to essay is based on a transcribed conversation with Sally Prag, 49, from the UK, about traveling with her parents during her childhood. I struggled to adjust when we moved back to the UK, where I spent the rest of my childhood. In Tanzania, we lived close to a mud hut village, and I knew the residents lived differently from us. A childhood of traveling wasn't as glamorous as people think and I struggled with life back in the UKPeople always ask me how amazing my childhood must have been. It really was amazing, and I'm grateful for the experiences I had, but it wasn't as glamorous as people imagine.

Persons: Sally Prag, she's, Prag, —, I'd, we'd, I'm, expats, weren't, I've, We've, I, they've Organizations: Service, Business Locations: Malaysia, Tanzania, Kenya, Ghana, Indonesia, Nepal, England, Africa, expats, Tanzania —, France, India, Devon

☆ My expat parents took me traveling with them when I was young. Now, I'm terrified by the idea of moving around a lot with kids.
▼ + stars: | 2024-10-03 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Now, as an adult, Prag says expat parents should help their kids develop lasting connections. AdvertisementThis as-told-to essay is based on a transcribed conversation with Sally Prag, 49, from the UK, about traveling with her parents during her childhood. I'd advise parents raising kids abroad to help their children maintain long-term friendships and hobbies. In Tanzania, we lived close to a mud hut village, and I knew the residents lived differently from us. My advice to expat parents is to help your kids keep up long-term friendships and hobbiesBecause of my upbringing, I'm a confident traveler.

☆ You could retire with $1 million even if you don't start saving until your 30s: How much money you need to set aside per month
▼ + stars: | 2024-10-01 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

A sizeable number of Americans hope to retire as millionaires, according to Bankrate's latest savings survey. A little over a third of American workers say they'll need $1 million or more to retire in comfort, per Bankrate's survey. The median amount they think they'll need saved up is about $875,000. And millennials are the most likely of each generational cohort to think they'll need to save up at least $1 million to retire comfortably. With that in mind, CNBC calculated how much you would need to save each month in order to retire with $1 million at 65, starting at ages 25, 30, 35 and 40.

Persons: Matt Schulz Organizations: CNBC

☆ Everest grew taller faster after Himalayan river ‘piracy,’ scientists say
▼ + stars: | 2024-09-30 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +8 min

This process, known as river piracy, set in motion a chain of geological events that reshaped the landscape, scientists reported Monday in the journal Nature Geoscience. While some instances of river capture and landscape remodeling began millions of years ago, others are happening today, she added. Evidence of one ancient example still exists around the edges of the Himalayas, where long-ago river capture eroded deep gorges. Han’s simulations suggested that river capture would have dramatically increased the flow of water in the Kosi’s lower segments. Compared with river piracy, erosion and uplift unspool over a much longer time span — and are still happening with Everest, Lhotse and Makalu.

Persons: Everest, ”, Jin, Dai, ” Dai, Devon A, Orme, ” Orme, Nanga Parbat, Xu Han, “ There’s, ” Mindy Weisberger Organizations: CNN, Nature, China University of Geosciences, Colorado, Montana State University, of Earth Sciences, Resources, Slims, Scientific Locations: Arun, Beijing, Antarctica, Himalayas, Tibet, Nepal, Orme, Everest, Canada’s Yukon

☆ 'Saturday Night Live' season 50 premier reflects a reenergized election season
▼ + stars: | 2024-09-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +4 min

"Saturday Night Live" kicked off a historic 50th season by having beloved show veterans join its contemporary talents to present a satirical view of the reenergized election season. For the cold open, Maya Rudolph reprised her role as Vice President Kamala Harris, the Democratic nominee for president. Before introducing Harris, Muir said he'd give equal time to live coverage of rallies held by each candidate. Show veterans Andy Samberg (as Harris' husband, Doug Emhoff) and Dana Carvey (as President Joe Biden) shared the stage with Rudolph. "I miss Joe Biden.

Persons: Maya Rudolph, Kamala Harris, James Austin Johnson, Donald Trump, David Muir, Muir, Andrew Dismukes, Harris, he'd, Rudolph's Harris, " Harris, Doug, Jim Gaffigan, Tim Walz, Walz, It’s Kirkland, Andy Samberg, Doug Emhoff, Dana Carvey, Joe Biden, Rudolph, Samberg's, Bowen Yang, Sen, J.D, Vance of Ohio, Trump, I’m, Yang's Vance, Carvey's Biden, Johnson's Trump, Biden, Joe, ”, Devon Walker, Eric Adams, Adams, Alex Spiro, Walker’s Adams, Michael Che, “, Jean Smart, Max, Jelly Organizations: Democratic, ABC, Minnesota Gov, Costco, New, New York City, SNL, NBC, NBCUniversal Locations: Springfield , Ohio, New York

☆ The No. 1 misconception most people have about feeling rich—and how to combat it, from a financial psychologist
▼ + stars: | 2024-09-29 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Many Americans believe they need to earn a certain dollar amount to feel rich. But even if they hit that goal or surpass it, they may be disappointed to find out they still don't feel satisfied with their finances, says Charles Chaffin, co-founder of the Financial Psychology Institute and a professor at Iowa State University. "The misconception is that there's an actual number and when people hit that number, they'll suddenly feel wealthy," he tells CNBC Make It. In fact, even millionaires don't always feel well off financially, according to recent data from Northwestern Mutual's 2024 Planning & Progress study. Here's one reason why that happens and what to focus on instead to feel more satisfied with your money, according to Chaffin.

Persons: Charles Chaffin, they'll Organizations: Financial Psychology Institute, Iowa State University, CNBC Locations: Northwestern, Chaffin

☆ The majority of this generation feels behind on their retirement savings—how they can catch up
▼ + stars: | 2024-09-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The oldest Gen Xers are turning 59 this year, and once they reach 59½, they can begin making penalty-free withdrawals from their 401(k)s and individual retirement accounts. However, nearly 70% of Gen X, which is comprised of Americans between the ages of 44 and 59, feel behind on their retirement savings, according to a new retirement savings survey from Bankrate. The average 401(k) balance for people in their 50s, who make up the majority of Gen X, is $214,100. The good news: Many Gen Xers are already taking strides to get their retirement savings where they want them to be. Plus, they've increased their IRA contributions by 30% to the highest level in five years, per Fidelity's second quarter retirement analysis.

Persons: Xers, Mark Hamrick Organizations: Fidelity Investments Locations: Bankrate

Sharon Kim partnered with her oldest brother and his wife to purchase a home in the suburbs of New York City for around $750,000. Mickey Todiwala | CNBC Make ItKim and her brother weren't very close growing up, thanks to a seven-year age gap. Mickey Todiwala | CNBC Make ItThe increased down payment gave them the leverage they needed. Kim, her brother and his wife decided to complete the majority of renovations to the home themselves to cut down on costs. Mickey Todiwala | CNBC Make ItKim estimates they've spent around $40,000 on renovations so far.

Persons: Sharon Kim, Mickey Todiwala, Kim, weren't, homeownership, they've Organizations: CNBC, Parsons School of Design, YouTube, Parsons, Spotify, Amazon Prime, Apple Locations: New York City, Manhattan, Queens, New Jersey, South Korea

☆ How a 24-year-old bought a $750,000 house with her brother
▼ + stars: | 2024-09-26 | by ( Eric Clark | Cheyenne Devon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow a 24-year-old bought a $750,000 house with her brotherSharon Kim, 24, saw her homeownership dreams come true in early 2024. She partnered with her older brother and his wife to purchase a $750,000 home in New York. Here's how they did it. 08:39 2 hours ago

Persons: Sharon Kim Locations: New York

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