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☆ The growing reason people can't afford to own a home
▼ + stars: | 2024-04-20 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Rising insurance costs could keep homeownership out of reach for many. AdvertisementAdding to that, as the climate crisis escalates, it's likely homeowners insurance will only become more expensive. The climate crisis is causing homeowners' insurance costs to riseThe average American homeowner pays $1,915 a year in insurance costs — about $160 a month — per NerdWallet. For instance, insurance rates increase in states with more severe natural disasters. Have you chosen to rent or move because of homeownership costs?

Persons: Laura Longero, Zers Organizations: Service, Business, Federal Reserve, Insurance, Farm, Allstate, Casualty Insurance, US Bureau of Labor Statistics Locations: Oklahoma, California, California , Florida, Texas, Florida

☆ Hospital wait times will still be bad this year, even with labor gains
▼ + stars: | 2024-04-19 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

Small businesses are seeing labor growth this year, but hospitals still have staffing shortages. Healthcare worker numbers are steadily growing but remain below pre-pandemic trends, according to a Bank of America report published in April. Outpatient care centers are 9.4% behind on growth, while the hospital labor force has seen small gains at 0.3%. In fact, healthcare workers made up a significant portion of the people leaving their jobs during the Great Resignation. Patients will still see labor shortages in ERs and care facilitiesDespite labor gains, patients could still experience the impacts of the physician shortage.

Persons: —, Per, KFF Organizations: Service, Bank of America, The Bank of America Institute, of Labor Statistics, Centers, Medicare, Services, Kaiser Family Foundation, American Hospital Association, of America, Peterson Center, Healthcare, of Health, Bank of

☆ A lawyer got fit in his 70s after prioritizing work over health for years. Three simple changes to his diet helped him set a swimming record at age 84.
▼ + stars: | 2024-04-08 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMichael C. Donaldson, 84, is an entertainment lawyer by day — and a record-setting under-ice swimmer by night. And now I eat red meat very rarely. Red meat is high in saturated fats, which can increase the "bad" LDL cholesterol in the blood and can lead to cardiovascular disease. According to the Cleveland Clinic, red meat shouldn't be eaten more than once or twice a week, and choosing white meat or vegetarian options is generally healthier.

Persons: Michael C, Donaldson, —, wasn't, Markus Rogan, Rogan, — Donaldson, it's, I've, he's, centenarians, Michael, It's, wouldn't Organizations: Service, Austrian Olympic, US Bureau of Labor Statistics, Centers for Disease Control, World Health, International Agency for Research, Cancer, Cleveland Clinic Locations: Los Angeles, Austrian, Austria, Okinawa, Japan, Costa Rica

☆ The accountant shortage is so bad that it's delaying key reports at companies like Tupperware
▼ + stars: | 2024-04-01 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Read previewThe accountant shortage is so bad that companies are delaying filing key mandatory reports. On Friday, Tupperware said it didn't have enough accountants to get its annual report out on time. The storage container manufacturer is the latest on a growing list of companies that have delayed their annual reports for a host of reasons. About 70 companies have postponed annual reports this year, up 40% from last year, research company Intelligize tallied last month. Tupperware added that previous delays in filing its 2022 annual report led to postponement of its quarterly reports, which subsequently pushed back work on its 2023 annual report.

Persons: —, Tupperware, Intelligize, Steven Kachelmeier, Fitness Organizations: Service, Business, LinkedIn, PricewaterhouseCoopers, American Institute of Certified Public Accountants, US Bureau of Labor Statistics, Accountants, University of Texas, Mattel, Securities, Exchanges Locations: Orlando, Poland, American

☆ Government jobs are hot right now for 2 key reasons
▼ + stars: | 2024-03-29 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

AdvertisementBrandon Tamayo considered leaving his current job for a role in the private sector on his way to work one morning. "My friends in the private sector told me 'You could double your pay.'" AdvertisementHe could likely make six figures in the private sector — and he remains intrigued by the option. According to the US Bureau of Labor Statistics, the median years of tenure for public sector jobs in 2022 was 6.8 years, about 2.7 years higher than private sector jobs. For Tamayo, this is the largest reason he stays in the public sector.

Persons: —, Brandon Tamayo, Tomayo, Tamayo, he's, Christine Cruzvergara, Cruzvergara, Raven Blanchard, she's, Blanchard, hasn't, Joe Biden, they've, Symoné Berry, Alexxus Harris, Harris, it's Organizations: Service, Indiana State University, US Bureau of Labor Statistics, ISC, EAP Locations: Illinois, Virginia, Germany, Asia

☆ Car insurance rates are at a 50-year high. Here's 3 ways you can keep your costs low, according to an expert
▼ + stars: | 2024-03-27 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

American car insurance rates have reached a 50-year high, outpacing inflation. "All of these work together to create a situation where car insurance is a lot more expensive," she said. Additionally, the state drivers live in — and the local impact of the climate crisis — has a significant effect on car insurance rates. According to personal finance company NerdWallet, full coverage car insurance premiums nearly double if a driver is at fault for a crash. Car insurance rates are higher for families with teenagers, with rates going up 70% to 150% once someone under 18 is added to a family car insurance policy.

Persons: Laura Longero, Longero, What's Organizations: Service, Insurance, US Bureau of Labor Statistics, . Insurance, US Department of Transportation Locations: —

☆ Healthcare staff use their panic buttons more often during a full moon, study finds
▼ + stars: | 2024-03-17 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Healthcare workers use their panic buttons more often during a full moon, a study found. Regardless of the moon, healthcare workers are five times more likely to face workplace violence. A new study suggests that healthcare workers use their panic buttons more frequently during a full moon, according to an analysis by Canopy, a hospital safety company. Regardless of the phase of the moon, healthcare workers have always faced a greater degree of workplace violence and, in recent years, it has only gotten worse. Surveys among nurses and physicians have reported significant increases in rates of violence toward healthcare workers since 2018.

Persons: —, Axios, Shan Sinha Organizations: Hospital staff, Service, US Bureau of Labor Statistics

☆ Teacher Shortages in America Are Holding Gen Z Students Like Me Back
▼ + stars: | 2024-03-17 | by ( Vaishnavi Kumbala | ) www.businessinsider.com time to read: +11 min

AdvertisementWhile teachers, students, and parents have all tried their best to make it work, many students still end up with huge learning gaps. Teacher shortages tend to be framed as a workplace problem: We just need to incentivize and support teachers better. AdvertisementWhen teacher shortages compound, some students just stop showing up. Even before COVID, students struggled to remember concepts they learned in a previous course — but the teacher shortages have exacerbated the problem. If America doesn't address its teacher shortages today, it will be left with a worse, less educated tomorrow.

Persons: STAFF04201, I've, bode, Sarah, Richard Ingersoll, Ingersoll Organizations: Kansas State University, US Bureau of Labor Statistics, Progress, Organization, Economic Cooperation, Development, US, America, Harvard University Center for Education Policy Research, Stanford University, Brookings Institution, National Center for Education Statistics, University of Pennsylvania Graduate School of Education, Vogue, The New York Times, The New Orleans Times Locations: New Orleans, —, Spanish, Rome, Orleans, Louisiana

☆ Chinese job seekers are turning to this unlikely US app to find jobs
▼ + stars: | 2024-03-16 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Chinese young people are using Tinder to find jobs amid high unemployment. US users are also turning to dating apps like Grindr for career networking. Related stories"By using dating apps, we can reach more people," Shanghai student Jade Liang told NBC News. AdvertisementTinder is also not keen on prospective job applicants using the app to find a job and, in fact, it's against the app's community guidelines. It's not just Chinese users who have turned to dating apps to find jobs or advance their careers.

Persons: —, Jade Liang, Romy Liu, Liu, Tinder, It's, Grindr Organizations: NBC, Service, of Labor, NBC News, Business Locations: China, Covid, Shanghai

☆ Bernie Sanders wants to bring in a 4-day workweek, which would see workers paid the same for 8 hours less work every week
▼ + stars: | 2024-03-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Bernie Sanders has introduced a bill to bring in a 32-hour workweek for American workers. Sanders introduced legislation for a four-day workweek on Wednesday, saying people are overworked. The four-day workweek has gained momentum in recent years, with trials showing it makes workers happier and more productive. AdvertisementBernie Sanders introduced new legislation on Wednesday calling for a 32-hour workweek in the US, which would see workers earn the same as they would during a 40-hour workweek. AdvertisementA 2023 McKinsey report found that tasks that make up 30% of people's work hours will be automated by 2030.

Persons: Bernie Sanders, Sanders, workweek, —, Sen, Laphonza Butler, Mark Takano, Bill Cassidy, Sam Altman, I'm, Jo Sims Organizations: Service, Democratic, Wall, Republican, Health, Education, Labor, Pensions, New York Times, US Bureau of Labor Statistics, McKinsey, Business, Case Management Locations: California, Louisiana, Australia

☆ The Big Stay is great for companies and the economy, but workers might just be biding their time
▼ + stars: | 2024-03-14 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Read previewProductivity for many companies is soaring — all thanks to the "Big Stay." AdvertisementThere are a couple of reasons workers have shifted to the Big Stay, Glassdoor Chief Economist Aaron Terrazas told Business Insider. The US economy added 275,000 jobs last month, but the job market recovery from the pandemic is slowing. The Big Stay has benefits, but they may be short-livedTerrazas said lower quit rates are giving way to high productivity across companies. At the same time, job openings have tumbled since post-pandemic highs, forcing a lot of workers to stay in their roles.

Persons: —, Aaron Terrazas, Terrazas, It's Organizations: Service, Companies, Bureau of Labor Statistics, Business, Employees, The Conference Board, Labor Statistics, Federal

☆ Tech workers reported feeling increasingly dissatisfied with their salaries. Layoffs may be fueling the frustration.
▼ + stars: | 2024-03-11 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Researchers at the tech job board surveyed 6,166 of the site's registered users and visitors near the end of 2023 to understand how tech workers feel about their salaries. But despite making almost double the amount the typical American does, tech workers surveyed reported feeling increasingly dissatisfied with their salaries. Tech workers early in their careers reported feeling more dissatisfied with how much they make than those with over 15 years of experience. "Now that companies are right-sizing staff and their salaries, they're also limiting bigger increases on salaries that became standard in previous years." Still, challenging economic conditions don't necessarily mean it's impossible for tech workers now to land a highly coveted, well-paying job.

Persons: —, Dice, they're, J.T, O'Donnell, that's Organizations: Service, Business, US Bureau of Labor Statistics, Tech, Meta, Google Locations: Silicon Valley

☆ The pandemic forced many women to leave their jobs. Hybrid work is bringing them back.
▼ + stars: | 2024-03-10 | by ( Allie Kelly | ) www.businessinsider.com time to read: +3 min

A rise in remote and hybrid jobs has allowed many women to seek higher-income roles. A narrowing of gender labor force gap since 2019 has added about $1.5 trillion to global income. Many women were forced to leave their jobs during the pandemic, thanks to poor market conditions and a rising need for childcare and older adult care. In the US, around 70% of working-age women participated in the labor force in 2020. Remote jobs also offer more flexibility.

Persons: — Organizations: Service, US Bureau of Labor, Statistics, Pew Research Center, European Union Locations: Australia, India, Japan

☆ California is putting up minimum wages to $20 an hour for fast-food chains – and it's likely going to drive up wages in other industries, too
▼ + stars: | 2024-03-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Read previewCalifornia is raising the minimum wage for fast-food workers to $20 an hour – and a much wider group of employees could see bigger paychecks. If limited-service restaurants raise their wages, "everybody is going to have to adopt because it's a free market," Danilo Gargiulo, a Bernstein analyst, said. Fast-food and fast-casual chains have already said they plan to raise their menu prices in California to offset the higher wages. The Cheesecake Factory's CFO Matt Clark told investors in November that the minimum wage could have a "ripple effect" beyond just limited-service restaurants. He added that the legislation would cause the price gap between limited- and full-service restaurants to narrow.

Persons: —, Brian Vaccaro, Raymond James, It'll, Andy Barish, Danilo Gargiulo, Bernstein, Matt Clark, Clark, Vaccaro, Sharon Zackfia, William Blair, Greg Levin, we've, Levin, they're, Zackfia Organizations: Service, Business, Jefferies, US Bureau of Labor Statistics Locations: California, pretzels . California

☆ Don't trust the 'vibecession' as inflation isn't nearly as bad as it feels, Nobel economist Paul Krugman says
▼ + stars: | 2024-02-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The bad vibes spreading through the economy are unwarranted, according to Paul Krugman. Grocery prices soared in 2023, but inflation isn't nearly as bad as it feels, the Nobel economist said. 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 . AdvertisementThe "vibecession" in the economy isn't to be trusted, as Americans are making inflation out to be much worse than it seems, according to Nobel economist Paul Krugman.

Persons: Paul Krugman, Krugman, —, they're Organizations: Service, of Labor Statistics, Bureau of Labor Statistics, Federal Reserve Consumers, Department of Agriculture

☆ 'Super savers' are spending little to no money on housing to free up extra cash. Here are 3 strategies they use to lower their rent or mortgage payments.
▼ + stars: | 2024-02-29 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Heilbron, along with other "super savers" — individuals who save more than half of their incomes — have found creative ways to lower (or eliminate) the biggest expense Americans face: housing. US Bureau of Labor StatisticsHere's how the experts save on rent or mortgage payments, listed in order of simplicity. Courtesy of Karina MejiaIf you can live with family, that's another way to save on housing. But, especially if you're based out of a major city, the further you go away from the city center, the more affordable space you're going to find. While it is perhaps the most effective way to lower housing costs, it is also the most complex in that it requires owning a home.

Persons: you'll, Avery Heilbron, Steven Keys, Lauren, Karina Mejia, Ali, Josh Lupo, Todd Baldwin Organizations: Business, Consumer, Bureau of Labor Statistics, of Labor Statistics Here's Locations: Boston, Augusta, San Francisco, Orlando, New York, Seattle

☆ Government jobs are hot right now. You don't make as much, but people like the stability and benefits.
▼ + stars: | 2024-02-11 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

Read previewBrandon Tamayo considered leaving his current job for a role in the private sector on his way to work one morning. "My friends in the private sector told me 'You could double your pay.'" AdvertisementHe could likely make six figures in the private sector — and he remains intrigued by the option. According to the US Bureau of Labor Statistics, the median years of tenure for public sector jobs in 2022 was 6.8 years, about 2.7 years higher than private sector jobs. For Tamayo, this is the largest reason he stays in the public sector.

Persons: —, Brandon Tamayo, Tomayo, Tamayo, he's, Christine Cruzvergara, Cruzvergara, Raven Blanchard, she's, Blanchard, hasn't, Joe Biden, they've, they're, Symoné Berry, Alexxus Harris, Harris, it's Organizations: Service, Indiana State University, Business, Google, US Bureau of Labor Statistics, ISC, EAP Locations: Illinois, Virginia, Germany, Asia

☆ Leaked Tesla pay data: How much Elon Musk's factory workers now make across the US after some got raises
▼ + stars: | 2024-02-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Read previewTesla hiked pay for factory workers across the US last month. Internal documents viewed by Business Insider reveal how much the factory workers now make. Under the new pay guidelines that were announced in December and implemented on January 8, factory workers at Tesla make between $22 to $39 per hour, according to the internal documents. AdvertisementTesla divides its factory workers into seven levels, while leads are divided into two levels. The effort won't be without its challenges, as CEO Elon Musk has voiced confidence that a union isn't necessary and some Tesla workers previously told BI they'd be hard-pressed to join a union.

Persons: —, Tesla, autoworkers, Shawn Fain, Elon Musk Organizations: Service, Business, Tesla, Fremont, US Bureau of Labor Statistics, Workers, Bloomberg, Toyota, Hyundai, United Auto Workers, Fremont Factory, UAW Locations: Austin , Texas, Sparks , Nevada, Fremont, Palo Alto , California, California, Nevada, Texas

☆ How to select a personal trainer (and why it’s worth it)
▼ + stars: | 2024-01-30 | by ( Melanie Radzicki Mcmanus | ) edition.cnn.com time to read: +7 min

The global personal fitness trainer market was worth about $41.8 billion in 2023, and market research firm Future Market Insights predicts it will soar to $65.5 billion by 2033. A growing body of research also suggests working out with a personal trainer has a variety of benefits. The two biggest benefits from hiring a personal trainer, though, whether you’re an exercise newbie or a pro, are accountability and motivation, said Mary Wing, a certified personal trainer and performance coach with the fitness app Future. There are trainers who specialize in training older people or those with medical issues, says certified personal trainer Allan Misner. In the end, though, hiring a personal trainer can be a safe and effective way to achieve a healthier life, which is the main goal.

Persons: —, Mary Wing, ”, Allan Misner, It’s, they’ve, ” You’ll, “, Wing, Misner, it’s, ” Misner, ” Melanie Radzicki McManus Organizations: CNN’s, CNN, US Bureau of Labor Statistics, Research, Gerontology, Geriatric, National Academy of Sports Medicine, American College of Sports Medicine, American, ”, “ Locations: United States, Sanford , North Carolina, Bocas del Toro , Panama

☆ A $16 McDonald's meal shows how the economy will be the battleground for the 2024 presidential election
▼ + stars: | 2023-11-30 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

A $16 McDonald's meal highlights how many Americans feel about the economy and food prices. AdvertisementA McDonald's meal from a viral TikTok has become the poster child for a key issue leading up to the 2024 presidential election . But food prices have been rising since 2020, which is one of the reasons why Americans feel sour about the economy , despite data suggesting it's in a strong position. AdvertisementA vibecession is influencing Americans' sentimentsOverall, McDonald's prices are up about 10% this year, and they plan to raise them another 10% next year. AdvertisementWith prices at restaurants like McDonald's likely to keep rising, that day-to-day pain point is likely not going away before the 2024 election.

Persons: —, McDonald's, Donald Trump, Biden, Big, Joe Raedle, Scott Olson Organizations: Service, The New York Times, Sienna College, Trump, Biden, Consumer, US Bureau of Labor Statistics, Big Mac Locations: Idaho, Arizona, Georgia, Michigan, Nevada, Pennsylvania, Wisconsin

☆ Layoffs keep hitting Amazon, Netflix, Warner Bros. Discovery, and more entertainment companies — here's the list of those with recent cuts
▼ + stars: | 2023-11-16 | by ( Lucia Moses | Alison Brower | ) www.businessinsider.com time to read: +7 min

"Netflix missed their numbers, and Wall Street woke up," said Paul Hardart, director of NYU Stern's entertainment, media and technology program. A wide range of companies and employees were impacted, from entertainment giants to independent production companies to Hollywood talent agencies. More consolidation among the legacy media companies and independent production companies is widely expected, which often entails job cuts. Entertainment companies will get back to staffing up, but the jobs will be in stronger growth areas like gaming, streaming, and advertising, more than in filmed entertainment programming. Here are the Hollywood companies, listed alphabetically, that have made layoffs since the summer.

Persons: Paul Hardart, Bob Iger, Joanna Sucherman, Fox, Priyanka Chopra Jonas, Nadia Sinh, Companywide, Rami Malek, Mr, Dawn Olmstead, Heather McCauley, YANNIS DRAKOULIDIS, Oscar, Severance, Roku, Alison Levin, NBCUniversal, Curtis Brown, James, Jennifer Coolidge Organizations: Netflix, Disney, Business, US Bureau of Labor Statistics, NYU, Warner Bros, NBC, JLS Media, Entertainment, Hollywood, Amazon Studios, Studios, Talent, Variety, CAA, ICM Partners, DreamWorks Animation, Apple, NETFLIX, Nasdaq, TechCrunch, Starz, CNBC, Lionsgate, LIonsgate, UTA, Hollywood Reporter, Fletcher & Company, Co, HBO Locations: Hollywood, Australia

☆ The biggest winners — and losers — in the coming AI job apocalypse
▼ + stars: | 2023-11-01 | by ( Emil Skandul | ) www.businessinsider.com time to read: +10 min

In fact, as other long-term trends take hold, many of these working-class roles are poised for a job explosion. While manufacturing jobs as a whole are expected to stay flat, spending in this industry has boomed to $200 billion each year, tripling in the past five years. "What characterizes the physical labor jobs that are safe for the next five or 10 years are things that are in an unpredictable physical environment," Kweilin Ellingrud, a McKinsey Global Institute director, told me. Instead of replacing these jobs, AI will likely benefit specific roles by making it easier to do the most routine parts of the job. He added: "There are these jobs that are in a middle ground where the physical work may remain but the supervision might be more exposed."

Persons: plumbers, Philip Levine, there's, Mark Muro, barometers, OpenAI, Ellingrud, Muro, Emil Skandul, Tony Blair Organizations: Ford, US Bureau of Labor Statistics, Brookings Institution, Accenture, Bureau of Labor Statistics, McKinsey, McKinsey Global Institute, Research, Tony Blair Institute Locations: American, America

☆ Opinion: I’ve sacrificed for a Hollywood acting career. This is where I draw the line
▼ + stars: | 2023-10-22 | by ( Zamira Rahim | Opinion Mehdi Barakchian | ) edition.cnn.com time to read: +9 min

In case you haven’t followed the actors’ strike, the AMPTP and SAG-AFTRA are negotiating revenue sharing and policies around use of artificial intelligence (AI), among other items. I’m fortunate to have enough success acting full time that I’ve been able to pay my bills and acquire health insurance. Prior to the advent of streaming, actors like me relied on residuals paid out based on how often we appeared in a show and how successful it was. In short, actors work much more to make ends meet and still sometimes find ourselves earning less. When streaming first showed up, it had a lot of work to do to draw and maintain audiences.

Persons: Mehdi Barakchian, Mehdi Barakchian Nick Toren, won’t, “, lister, I’ve, ”, it’s, don’t, AFTRA, What’s, you’re, Ben Affleck, Emma Stone, George Clooney, They’ve Organizations: CNN, Hollywood, SAG, Alliance, Television Producers, US Bureau of Labor Statistics, Disney, Warner Brothers, Netflix, Warner Bros, Twitter, Facebook, teamsters, Writers Guild of America Locations: New York, California, Los Angeles and New York, Los Angeles, Hollywood

☆ Millennials, Gen Z Mistakenly Bet on Inheritance From Boomer Parents
▼ + stars: | 2023-10-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +14 min

When she died, Grandma Sue left the most common form of inheritance, called an accidental bequest, which is simply the money left over when someone dies. The New York Times reported on a coming inheritance wealth boom in 2023, 2019, 2014, 2008, and 1999. Even for families with incomes in the 51% to 90% range of earners, the average inheritance was $46,000 — hardly life-changing money. Researchers have been talking about the coming Great Wealth Transfer for at least a quarter of a century. But the reality is that all the wealth boomers are sitting on probably won't end up fixing our collective financial problems.

Persons: Grandma Sue, Grandma Sue's, —, Xers, Gen Zers, Xer, shouldn't, Edward Wolff of, Maury Gittleman, Wolff, Gittleman, Michael Bloomberg, Warren Buffett, Larry Ellison, Bill Gates, Isabel Sawhill, It's, Penn, there's, they're, Bank of America cardholders, Joseph Smith, haven't, boomer, Ann Logue Organizations: Social Security, Medicaid, Boomers, Federal Reserve, New York Times, Edward Wolff of New York University, US Bureau of Labor Statistics, Federal, Brookings Institution, University of Pennsylvania, Penn, Medicare, Family Foundation, Bank of America, Consumer, Department of, Northwestern Mutual, IRS Locations: Northwestern, Chicago

☆ Gen Z is shopping less and eating at home more as the woes of inflation set in, BofA survey finds
▼ + stars: | 2023-10-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Gen Z is cutting back on their spending for the next year, a study reveals. 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 . About 53% of Gen Z cite a high cost of living as a barrier to their financial success. The holidays are approaching, and it's unclear if Gen Z will stick to their financial saving plans.

Persons: —, Gen, they're Organizations: Service, Bank of America, US Bureau of Labor Statistics, of America

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