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Some side hustles come with a significant time investment and unpredictable pay. Related storiesNot all side hustles come with the time investment that ride-hailing does. But everyone with a side gig is faced with the same question: Are the extra working hours worth the financial reward? Only eight months after he started, he resigned from his two extra roles and decided to stop job-juggling for the time being. But all prospective job-switchers are faced with the same question: Are the uncertainties that come with a new job worth the financial reward?
Persons: , switchers, Lyft, There's, overemployment Organizations: Service, Business, Harris Poll, Uber, Twin Cities, Bureau of Labor Statistics —, Federal Reserve Bank of Atlanta, Harris, Atlanta Fed Locations: Atlanta, Minnesota, Texas
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
None of that was true for her, but today she is part of a double-income, no-kids — or DINK — couple. AdvertisementWhile Michelle and her spouse's parents have been supportive, the couple still feels the weight of a culture that's oriented around having kids. There's also a familiar refrain — one that many DINKs come up against — that it's a selfish decision to forego having kids. AdvertisementShe thinks that being a DINK, and opting into it as a lifestyle choice, needs to be more normalized. Are you a DINK or someone grappling with the realities of a child-centric world?
Persons: Michelle, DINK, , Michelle didn't, DINK —, They've, She's, it's, Zachary P, Neal, Jennifer Watling Neal, childfree, There's, they're Organizations: Service Locations: DINKs, North Carolina, Europe, Orlando, NerdWallet
Increasingly, 2024 is becoming a foreign policy election. Even on domestic policy, one of the top issues is immigration, an area where foreign and domestic policy intersect. But foreign policy has still managed to emerge as a key concern. In 2013, when President Barack Obama launched his second term, I listened to his inaugural speech looking for clues about foreign policy. Americans worry about what’s happening in the world and about the role the United States will play in directing that trajectory.
Persons: Frida Ghitis, Jim Hoge, ” It’s, Joe Biden’s, , Nikki Haley, Donald Trump, Trump, Vladimir Putin, Biden, disparages Putin, Pew, , Harris, Barack Obama, , Bashar al, Assad Organizations: CNN, Washington Post, Politics, Foreign Affairs, Democratic, Israel, Republican, NATO, Biden, Trump, Hamas, Gallup, Harvard, Islamic, ISIS, West Locations: Michigan, Russia, United States, Ukraine, Israel, China, Taiwan, Gaza, Syria, Iraq, Afghanistan
There are 620,000 more adults living with their parents in the UK than a decade ago. In the US, the percentage of young adults living at home has climbed 87% over the past two decades, according to the US Census Bureau. More than one-third of Gen Z respondents in a 2022 Freddie Mac survey said it's something they thought they'd never be able to achieve. A similar share of young adults lived with their parents in the wake of the Great Recession in 2010 — 44%. For many young adults, living on your own is an important step to feeling grown up.
Persons: Bethany Clark, didn't, she's, Clark, they'd, Moody's, renter, Zers, homebuyers, Gen, Freddie Mac, millennials, Z, grads, We're, Amy Lewthwaite, Lewthwaite, shouldn't, I've, Sarah Obutor, who'd, Obutor, , Gen Zers, Jeffrey Jensen Arnett, Arnett Organizations: Census Bureau, Bloomberg, Harris, National Association of Realtors, Bloomberg Businessweek, Guardian, Financial Times, Urban Institute, Northumbria University, Clark University Locations: Surrey, England, America, London, Georgia
The survey found that excessive administrative tasks such as paperwork are the driving force behind this burnout, with 64% of doctors saying they feel overwhelmed by clerical requirements. Additionally, fewer than 40% of doctors feel confident that their employer is "on solid financial footing." Despite these obstacles, 83% of doctors in the survey said they believed AI could help. While AI is unlikely to solve health-care problems overnight, the survey found that the technology is giving some doctors hope for the future. Around 37% of the AI optimists believe the field is ultimately heading in the right direction, according to the survey.
Persons: Nele Jessel, Athenahealth Organizations: Athenahealth, Physicians, CNBC PRO Locations: U.S
Biden's age and memory have been a frequent target for his opponents — largely Republicans — who argue that the 81-year-old is not fit for a second term in office. AdvertisementA recent NBC News poll found that 76% of voters, including Democrats, had major or moderate concerns about Biden's age. The special counsel report and the subsequent media gaffes the president made in his Thursday press conference to defend his mental acuity don't help. The special counsel report does raise some important questions about 2024. Advertisement"This is obviously a serious charge for anyone who wants to be president," Dusso said, referring to concerns about Biden's age.
Persons: , Robert K, Hur, Joe Biden, Biden, Beau, Donald Trump, Biden's, Harris, Biden shouldn't, he's, There's, Christian Grose, Grose, Trump, Aaron Dusso, Dusso, Ian Bremmer Organizations: Service, Business, Biden, Trump, Harvard, NBC, Democratic, NBC News, University of Southern, Trump's, Indiana University, Purdue University Indianapolis, Voters, Eurasia Group Locations: willfulness, University of Southern California, Trump
DINKs are proudly emerging as an aspirational class for young people — and they're ready to live it up. So when she set up her dating profile, Johnson included in her bio that she didn't want to have kids of her own. Amy Blackstone, the author of the 2019 book " Childfree by Choice ," said that the financial gap between DINKs and couples with kids wasn't solely because of the choice about children. DINKs, GINKs, " rich aunties ," and DINKWADs — DINKs with a dog — have become aspirational identities for younger generations. There are the DINKs who can seize the American dream and the parents who are struggling to stay afloat in a country without guaranteed paid leave or affordable childcare .
Persons: Elizabeth Johnson, Johnson, DINK, DINKs, they've, there's, Amy Blackstone, it's, Alex Killingsworth, Killingsworth, Marcia Drut, Davis, Drut, Blackstone, she'd, Gen Z, That's, X didn't, Zachary P, Neal, Jennifer Watling Neal, millennials —, I've, Marcia, she's Organizations: of, Johnsons, Minneapolis townhome, Federal, Consumer Finances, Broadway Locations: Florida, Swiss, Hawaii, Oregon, Canada, Alaska, Dominican Republic, of America, Minneapolis, Texas, New York, Michigan, Drut
At the time, Krawcheck says she was "pretty much on her own" to learn how to manage her money as a newly single woman. Her divorce attorney didn't have financial expertise to help her, but the financial advisors she talked to didn't have the divorce expertise she needed. Though it happened several decades ago, some of the challenges she faced going through her divorce as a woman continue to exist today. Here are three mistakes Krawcheck recommends avoiding if you could be facing a divorce in the future. Otherwise, you may arrive at separation proceedings unaware that there are assets you're entitled to or assets of your own that your soon-to-be ex is eyeing.
Persons: Sallie Krawcheck, Krawcheck, didn't, hasn't Organizations: CNBC, Harris, UBS Locations: U.S
The result may be that Gen Z largely kills off middle management roles for good. AdvertisementIt may even be that Gen Z kills off middle management for good. Success looks different to Gen ZBen Voyer, an ESCP Business School professor and founder of the Gen Z Observatory, told BI that his research showed that "success takes many more different forms" for Gen Z workers. Advertisement"It seems like the employees like to blame the middle managers, and the leadership likes to blame middle managers," she said. AdvertisementKing also agreed that Gen Z rejecting middle management is not because they're work-averse or lazy.
Persons: , Wendy, — millennials, Zers — Wendy, wasn't, Millennials, Gen Zers, Vivian Lynn, dwindles, Z Ben Voyer, Michelle P, Netflix's, it's, King, Morgan Sanner, they're, Sanner, Voyer, there's, Gen, Zers, they'll, haven't, millennials, Lynn, she's Organizations: Service, Business School, Resource Solutions, American Staffing, Harris, Pew Research Center Locations: America
Don, 43, is a self-made millionaire who used to place immense pressure on himself to earn more money. He's now focusing on other things in his life, like his kids, that bring him more happiness than wealth ever could. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement'You need the humility that it can be taken away from you'Don said his upbringing largely influenced the way he now thinks about money and wealth. "So what are those things that you do have in your life that money can't measure?
Persons: Don, , he's, it's, That's Organizations: Service, Federal, New York Federal, Suffolk University Sawyer Business School, USA
Gen Z is the youngest generation in the workforce and many members want to retire early. Gen Z is in the workforce … and they are already looking for the exits. Gen Z is starting out with less money, more expenses, and higher costs." Here are a few issues Tisdale says Gen Zers could see impact their early timeline for retirement:1. What might help Gen Z reach their goal"It's important for Gen Z, since they are just getting started, to learn business basics and educate themselves on entrepreneurship, side hustles, and investing," Tisdale told Personal Finance Insider.
Persons: , Gen Zers, Stacey Tisdale, Gen Z, Tisdale, Zers, Gen, Robinhood, Z Organizations: Service, Transamerica Center, Retirement Studies, Finance
Millennials said in a recent survey that they need $525,000 a year to be happy. It's likely due to high debt loads millennials hold, along with childcare and housing costs. The average respondent said they think they need a $284,167 annual salary to be happy, and for millennials, that amount was much higher at $525,000. As Business Insider recently reported, millennials' financial well-being has plummeted, according to Morning Consult's latest iteration of its well-being index. Big debt loads are a contributor to millennials' financial well-being right now.
Persons: Millennials, , Gen Z, Gen X, millennials, Fannie Mae, it's, Jimmy Gomez, Joe Biden Organizations: Service, Federal Reserve, Consumer Financial, Federal, New York Federal Reserve, of Labor Statistics, National Association of Realtors
Despite cooling inflation, many Americans just don't feel good about the economy. Some lawmakers told Punchbowl News that housing costs, student loans, and ChatGPT are reasons why. 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 rise of artificial intelligence and increased usage of ChatGPT are making young people worried about their financial futures, Democratic Rep. Bill Foster told Punchbowl.
Persons: , Gen Zers, Joe Biden, Biden, I'm, they're, Sen, Bernie Sanders, Punchbowl, Bill Foster, Sam Altman, I've Organizations: Punchbowl News, Service, Suffolk University Sawyer Business School, USA, Republicans, Federal Reserve, Democratic Locations: USA, America
For millennials, happiness would come from a $525,000 annual salary. Still, high inflation, interest rates, and student loans damper Americans' financial happiness. Here's what each generation said they need to earn annually, as well as the net worth required, to achieve happiness:Gen Z: $128,000, with a net worth of $487,711Millennials: $525,000, with a net worth of $1,699,571Gen X: $130,000, with a net worth of $1,213,759Boomer: $124,000, with a net worth of $999,945AdvertisementMen said they needed to earn $381,000 annually, while women said $183,000 would make them happy. The latest economic data could make Americans' financial happiness goals more achievable. AdvertisementThe latest Survey of Consumer Finances from the Federal Reserve, however, had a glimmer of hope for millennials when it comes to net worth.
Persons: , Daniel Kahneman, Matthew Killingsworth, Angus Deaton, millennials Organizations: Service, Penn's Wharton School, Federal, Consumer Finances, Federal Reserve
Bidenomics’ mortal enemy isn’t Donald Trump — it’s a reliance on aggregate and average numbers that masks the nature of the economy Americans experience. Although the Fed’s most recent Survey of Consumer Finances showed that wealth inequality has dipped a bit because of recent, generous fiscal spending, income inequality is worse than ever. In a nation this unequal, the income generated by a growing G.D.P. may look robust, but 64 percent of households live paycheck to paycheck from time to time, according to a March consumer survey. These families are barely making it through the week, let alone accumulating the wealth essential for financial resilience and, over time, financial security.
Persons: Donald Trump — Organizations: Consumer Finances, White, Harris Locations: United States
American workers say they are going to therapy to talk about their toxic bosses, a new poll found. Researchers defined a "toxic boss" as one who exhibits behaviors like micromanagement, credit-stealing, setting unreasonable expectations, unprofessionalism, and unapproachability. Thirty-four percent of those with toxic bosses reported engaging in coping mechanisms like drinking and overeating. Despite the toll toxic bosses can take on workers' lives, the majority of workers with toxic bosses say they tolerate them for financial reasons, including salary, benefits, and the fear of leaving in an uncertain economic climate. Nearly half of workers reported feeling stressed and one third said they were lonely in a Deloitte workplace study published in June.
Persons: , Libby Rodney, Rodney Organizations: Workers, Service, Harris, Deloitte, American Psychological Association
These young voters faulted Israel’s response to the attacks, 52-32 percent. This wartime shift represents a fundamental break within a liberal coalition that has long powered the Democratic Party. Clearly, the most left-leaning young adults have the lowest rating of Israel. The Arab American Institute commissioned John Zogby Strategies to conduct a survey of 500 Arab Americans between Oct. 23 and Oct. 27. In this poll, 32 percent of Arab Americans identified as Republican as opposed to just 23 percent who identified as Democrats.
Persons: Biden’s, Biden, Donald Trump, Gallup, Jennifer Medina, Lisa Lerer, Benjamin Netanyahu, Bruce Cain, nonwhite, Cain, Siena, Hillary, , Norman Ornstein, ” Ornstein, Ornstein, Liz Skalka, Daniel Marans, Akbar Shahid Ahmed, , Robbie Gramer, ” Gramer, ’ Gramer, ” Amy Mackinnon, Gramer, Antony Blinken, ” Yossi Hasson, Maya Tamir, Kea, Brahms, J, Christopher Cohrs, Eran Halperin, Niloufar Zebarjadi, Eliyahu Adler, Annika Kluge, Mikko Sams, Jonathan Levy, Zebarjadi, Jeremy Konyndyk, Harris, ” Laura Royden, Eitan Hersh, ” “, Hersh, Israel favorability, Young, John Zogby, Zogby, Farah Pandith, Pandith, , Trump, Julie Wronski, Wronski, Stephen Ansolabehere Organizations: Quinnipiac University Poll, Biden, Democratic, West Bank, Democratic Party, Stanford, American Enterprise Institute, Democratic National Committee, State Department, U.S, USAID, United States Agency for International Development, Foreign, Liberals, Aalto University, USAID’s, U.S . Foreign, Politico, U.S ., Harvard, , Israel, Young American Left, Tufts, Republicans, U.S.A, , Arab American Institute, American, Council, Foreign Relations, University of Mississippi Locations: Israel, Gaza, Medina, United States, Washington, Palestinian, , Finland, Russia, Ukraine, U.S, Palestine, Michigan, America
Gen Z seems OK with their parents using location sharing apps to keep tabs on them. Rising levels of anxiety among young people may be driving the embrace of location apps. The embrace of location tracking is thought to be related to rising levels of anxiety among younger generations. AdvertisementAdvertisement"During uncertain times, this generation has come to crave the added layer of security that location sharing provides," she said. Life360's survey found 94% of Gen Z saw the benefits of location sharing, with more than half regarding such apps as being synonymous with safety.
Persons: , Gen Z, Life360, Michele Borba, Michael Organizations: Service, Street Journal, Wall Street, City , University of London, New York Times
"Employees aren't experiencing highs or lows — instead, they are expressing a sense of resignation or even apathy," the report notes. "The most common complaint I hear is a loss of control," Srikumar Rao, the author of "Happiness at Work," tells CNBC Make It. Now, it's 'I want to feel more connected to my work,' and 'I want to be excited about what I'm doing.'" New Gallup research shows that remote employees, in particular, feel increasingly disconnected from their workplaces' mission and purpose. The lack of a shared mission and purpose can be detrimental to employees' overall happiness and performance.
Persons: it's, That's, Srikumar Rao, , Jenn Lim, Harris, Emily Liou, There's, Liou, Wharton, Adam Grant Organizations: Workers, Research, CNBC, Company, Gallup
Toxic bosses are far too common: They're the reason 57% of employees have quit a job, according to one report. Robyn L. Garrett, an author and CEO of leadership coaching firm Beamably, has a "secret trick" for figuring out whether it's time to abandon ship. "We don't always know why we have negative feelings about the workplace, but if you've taken the time to define your values, it can make it much, much clearer." You should probably consider leaving your job if you are completely opposed to your boss's approach on a moral level. If they're stuck in their ways, you'll have to resort to changing your communication style to match theirs.
Persons: Robyn L, Garrett, Beamably, you've, they'll, they're Organizations: Harvard, Harris Poll, Interact, CNBC
The "coffee-cup test" has resurfaced online as a symbol, for some, of opaqueness in hiring. The secret nature of the test can raise similar concerns to the use of AI in hiring. AI can seem just as arbitrary in its decision making as the coffee-cup test. AI, of course, could make a hiring process that's still way too subjective that much less so. The online poll, conducted in June by Resume Builder, involved about 1,000 people who are part of the hiring process at their employers.
Persons: today's, , Josh Millet, Millet, who's, there's, There's, Harris, Sandra Sucher, Sucher, it's Organizations: Service, Amazon, American Staffing Association, Pew Research Center, Harvard Business School Locations: Wall, Silicon, Los Angeles
Patagonia CEO Ryan Gellert has a simple message for other leaders across corporate America: Start taking your responsibility to the environment seriously. "I think common sense tells us that the climate ecological crisis is one of the biggest threats facing humanity." Thousands of CEOs across the world say evolving to more environmentally-conscious business models is essential for the longevity of their companies, the 26th annual PwC Global CEO Survey found. CEOs with the "courage" and "consistent willingness to do the work" could reap similar benefits, Gellert said. DON'T MISS: Want to be smarter and more successful with your money, work & life?
Persons: Ryan Gellert, Gellert, Yvon Chouinard, aren't, Axios Harris Organizations: PwC Global, Survey, Harvard, McKinsey & Co, Costco, Apple, CNBC Locations: Patagonia, America
Members pose questions from how to save and invest to how to raise a family while on the path to early retirement. Early retirement doesn't mean never working againBut the FIRE movement can be more smoke than fire. Think about what's important to you and what you want your lifestyle in early retirement to look like, Cheng said. One message he shares with his community is that early retirement may not be the ultimate finish line for everyone. He also started coaching high school tennis and grew his online blog that offers tips on early retirement.
Persons: Rachel Covert, Isaac Mizrahi, Covert, That's, subreddit, Gwendolyn Merz, Merz, She'd, Marguerita Cheng, Cheng, It's, Michael Quan, Quan, Winnie Jiang, Sam Dogen, Dogen, Sam Dogen Dogen, Shan Fu, Fu, I'm Organizations: Financial Independence, Social Security, Lean FIRE, FIRE, Fortune, Bureau of Labor Statistics, Credit Suisse, Millennials Locations: NerdWallet, New York City, Mexico, Portugal, Asia
Financial experts, however, say that's not the case, and that all couples should consider them. They said prenups can be like insurance or a financial safety net. Financial experts, though, see a different side to the agreements and think all couples should consider them. Theresa Viera, an attorney based in South Carolina, told NPR that prenups are financial safety nets, not harbingers of separation. Prenups can protect you from being responsible for your spouse's debt, Orman added, and protect your property both before and after the marriage.
Persons: that's, Theresa Viera, Viera, Suze Orman, , they've, Orman, prenups Organizations: Service, NPR, CNBC, Harris Interactive Locations: Wall, Silicon, South Carolina
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