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Search resuls for: "of America Institute"


7 mentions found


☆ Bank of America Institute: Consumers still in a better position than pre-pandemic
  + stars: | 2023-02-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America Institute: Consumers still in a better position than pre-pandemicLiz Everett Krisberg, head of the Bank of America Institute, joins 'Squawk Box' to discuss Krisberg's read on consumer spending, if excess savings have run out, and more.
☆ How Gen Z Is Rewriting the Job Rulebook on 'Résumé Gaps', Career Breaks
  + stars: | 2023-01-03 | by ( Eve Upton-Clark | ) www.businessinsider.com   time to read: +11 min
Most people are familiar with the scourge of the résumé gap. Young entrants to the workforce are leading a new conversation about the workplace, and the long-scorned résumé gap is no exception. Instead of viewing it as a negative, many Gen Zers are arguing that career breaks are positive and forcing employers to reconsider their preconceived notions about the résumé gap. The pesky résumé gapWhile job candidates have papered over résumé gaps for years, taking a break during the long march of a career is not uncommon. For those looking at working well into their 70s, a career gap, or two, simply makes sense.
☆ Consumer spending is robust but slowing, says Bank of America senior economist
  + stars: | 2022-11-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumer spending is robust but slowing, says Bank of America senior economistDavid Tinsley, senior economist at the Bank of America institute, joins CNBC's 'Squawk Box' to discuss the health of the U.S. consumer ahead of the busy holiday shopping season.
☆ Retailers have a new holiday headache — people are spending their money on travel
  + stars: | 2022-11-04 | by ( Melissa Repko Leslie Josephs | Melissa Repko | Leslie Josephs | ) www.cnbc.com   time to read: +3 min
United Airlines CEO Scott Kirby noted that more relaxed office attendance policies are also letting people travel more. The appetite for travel is persisting despite soaring airfares, which have been fueled by a pilot shortage and aircraft delivery delays. Even after Labor Day, when travel normally slows down, "it's just not the case this year, especially for international travel," she said. But if a recession hits, that could jeopardize all consumer spending — and prompt even higher-income Americans to rethink big trips. Tim Quinlan, senior economist at Wells Fargo, expects the holiday season will be the "last hurrah" for consumers.
☆ Consumers are spending less than what they're earning, says BofA's Candace Browning
  + stars: | 2022-10-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are spending less than what they're earning, says BofA's Candace BrowningCandace Browning, vice chair of Bank of America Institute, joins CNBC's 'Squawk Box' to discuss the Institute's monthly consumer checkpoint, which provides a real-time estimate of consumer spending and financial health.
☆ Gen Z's 6-figure side hustles should scare companies more than quiet quitting, says Gary Vaynerchuk: 'There's so many goddamn options for these kids to make money on the internet'
  + stars: | 2022-09-28 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
Gary Vaynerchuk said on TikTok that companies need to court Gen Z with better pay and career growth potential. He said Gen Z has more avenues than ever to make money on side hustles. That dynamic is more dangerous for companies than the "quiet quitting" trend, Vaynerchuk said. He said as much in a recent TikTok video, when asked about the "quiet quitting" trend. "We shit on Gen Z for being entitled and lazy, and what they're being is thoughtfully understanding of their options."
☆ America’s dependence on credit cards is growing. The Fed’s rate hike will make it more painful
  + stars: | 2022-09-22 | by ( Martha C. White | ) edition.cnn.com   time to read: +7 min
CNN —As prices continue to rise, Americans are becoming increasingly reliant on credit cards to make purchases. “The effect on existing credit card borrowers is probably actually worse,” he said, because of the rate hikes the Fed has undertaken already this year. Credit cards were a big cause of that: In the second quarter, 233 million new credit accounts were opened, the largest increase since 2008. Of the new debt that accumulated during that quarter, $46 billion was credit card debt. Credit bureau TransUnion found that there are more credit cards today, and there is more debt on those cards.
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