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☆ Why Silicon Valley Is Going to War Against the Media, Journalists
▼ + stars: | 2024-07-30 | by ( ) www.businessinsider.com time to read: +21 min

Just 20 years ago journalists covered the tech industry "like it didn't matter, like it was this hobbyist, interesting, plucky thing." The pro-tech media gives tech's main characters the chance to write their way back to the original storyline. Trae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Related storiesTrae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Of the members of the news media I talked to about pro-tech media, some were backhandedly laudatory.

Persons: Mike Solana, Solana, Peter Thiel, —, David Sacks, Jason Calacanis, Chamath Palihapitiya, David Friedberg, Elon Musk, Sam Altman, Tucker Carlson, Donald Trump, There's, Coogan, John Coogan, Andreessen Horowitz, Marc Andreessen, they're, Balaji Srinivasan, Mark Zuckerberg, Donald Trump's, Tyler Le, Sam Bankman, Warren Buffett, Trae Stephens, Andreessen, Palmer Luckey, It's, Dick Lucas, Lucas, Joe Rogan, Kamala, Stephens, Packy McCormick, Taylor Lorenz, Ryan Mac, Kevin Roose, Jesse Singal —, Casey Newton, Casey isn't, Casey, Newton, Erik Torenberg, Anthony Fauci, Ellen Pao, Katherine Maher, George Soros, Joe Biden, Chesa Boudin, Boudin, Gavin Newsom, Palihapitiya, Sacks, Trump, JD Vance, Brian Merchant, Ben Smith, Eric Newcomer, he's, Lulu Cheng Meservey, Balaji Srinivasan's, Zoë Bernard Organizations: Fund, Tech, Founders Fund, Apple, Elon, Elite, Sequoia Capital, Pirate, Penguin Group, Big Tech, Card Industry, Washington Post, TechCrunch, Media, NPR, Google, Disney, Twitter, Republican National Convention, Bloomberg, monetization, San, Business Locations: San Francisco, Substack, Silicon Valley, New York, Silicon, Solana, Miami, Francisco, California, Los Angeles

☆ Bank of America thinks Fed rate cuts may save this struggling buy now, pay later stock
▼ + stars: | 2024-07-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Impending rate cuts could help shares of Affirm claw back some of their year-to-date losses, according to Bank of America. In a Tuesday note, the bank upgraded shares of Affirm to a buy rating from neutral, pointing to increased profitability prospects. Affirm offers a buy now, pay later service for its customers. Analyst Jason Kupferberg's $36 price objective implies a potential 34% upside for the stock. AFRM YTD mountain AFRM YTD chart In the medium term, Kupferberg believes that Affirm has an "achievable" plan to boost profits, which will in turn increase its share price.

Persons: Jason Kupferberg's, Kupferberg, AFRM, Jerome Powell, Michael Bloom Organizations: Bank of America Locations: U.S

☆ ‘I don’t have a budget’: Why people are going into debt to travel
▼ + stars: | 2024-07-29 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

The majority of those going into debt do so by charging travel expenses on a credit card, with 20% of respondents saying they would rather skip a credit card payment and put the money toward a vacation. The mindset is “‘I can’t buy a house, I’m not sure I can afford college or grad school, so I might as well go to Spain and backpack. ”They think (credit card debt) is not as risky as it is. They don’t care so much about not getting into debt.”King adds that social media has changed the way many people think about travel. “Eventually, if I’m going to get a house, I’ll get a house.

Persons: CNN — “, ”, Lisa Fraser, “, Elizabeth Currid, Halkett, Tim Gurner, something’s, I’m, ’ ” Alex King, they’re, Fraser, FOMO, King, It’s, I’ll Organizations: CNN, University of Southern, United Locations: Taipei, Budapest, New York, University of Southern California, Spain, Hong Kong

This could cause mortgage rates to move up or down slightly. If Fed officials signal that they could start lowering the federal funds rate soon, mortgage rates could ease. This would remove a lot of the upward pressure off of mortgage rates and allow them to trend down. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments.

Persons: Fannie Mae Organizations: Zillow, Federal Reserve, Mortgage, Association, ARM Locations: Chevron

☆ How VC Stephen Hays scraped his life off rock bottom after addiction and a bipolar diagnosis to tackle mental health stigma
▼ + stars: | 2024-07-29 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +10 min

Some parents had voiced concerns about Hays' "background," he told Business Insider. In 2020, he started What If Ventures, a venture firm focused on investing in mental health startups. Hays's new public persona as a staunch mental health advocate also puts a certain pressure on him to perform his recovery — "and I hate that," he said. He wants to show people struggling with their own mental health that working to get well is good enough. Advertisement"I don't just want to destigmatize addiction and mental health issues — I want to destigmatize the journey of getting better," he said.

Persons: —, Stephen Hays, Hays, couldn't, didn't, They'd, it's, Christine, he'd, Amit Etkin, Etkin, he'll, that's, Stephen, Christopher Kim, Kim, Hays doesn't, It's Organizations: Service, Little League baseball, Business, Neuroscience, Ventures, West, Space Ventures, Atlantic City, Magazine, Deep Space Ventures, Alto Neuroscience, BI, Argosy Strategic Partners, Argosy Locations: Dallas, Texas, Atlantic, Las Vegas, Colorado, Wickenburg , Arizona

☆ The Fed Is Impacting Our Election, Our Climate, Our Economy - The New York Times
▼ + stars: | 2024-07-29 | by ( Jen Harris | ) www.nytimes.com time to read: +2 min

The Federal Reserve’s handling of inflation is souring the public on our economy, harming vulnerable Americans, slowing our fight against climate change — and hindering the fight against inflation itself. For the past several months, the Fed has resisted lowering interest rates in an environment that clearly demands lower rates. The Fed repeatedly stated that it would not lower rates until it had confidence the P.C.E. While the Fed keeps waiting, the pain keeps accumulating. There is also the damage that unnecessarily high interest rates are inflicting on our battle against climate change.

Persons: Donald Trump, Kamala Harris Organizations: Fed Locations: U.S

☆ A Trump-Supporting Sheriff’s Stand Against Kari Lake in Arizona
▼ + stars: | 2024-07-29 | by ( Kellen Browning | ) www.nytimes.com time to read: +1 min

Here was the old cowboy rifle his wife had gifted him when he first won his post in 2016. It sat across from an animal skull and an engraved pistol, and it was below a framed New York Post cover story praising him as the “last line of defense” against drug traffickers. “I’m a dadgum patriot,” Mr. Lamb said. But he’s not Kari Lake, the former news anchor and close Trump ally who has dominated a race Mr. Lamb says he’s still hopeful he can win. For months Ms. Lake, 54, has held substantial leads over Mr. Lamb, 52, in surveys.

Persons: Mark Lamb, strode, Donald, Melania, Barron —, ” Mr, Lamb, he’s, Kari Lake, Trump, Representative Ruben Gallego, Kyrsten Sinema Organizations: Republican, U.S . Senate, New, Mar, Washington Republican, —, Representative, Democratic, Democrat Locations: Pinal County, New York, Washington

☆ Costco just increased its membership prices — here are 8 things that make the annual fees worth it, as an employee
▼ + stars: | 2024-07-29 | by ( Veronica Thatcher | ) www.businessinsider.com time to read: +6 min

From saving money by bulk-buying groceries to taking advantage of executive membership rewards, there are tons of reasons it's beneficial to shop at the warehouse. AdvertisementThe warehouse has a very flexible return policy on most merchandiseCostco has a flexible return policy with guaranteed customer satisfaction. The executive membership, in particular, offers great perksI love the rewards I earn through my Costco executive membership. On the other hand, the executive membership gives customers 2% cash-back rewards on qualified purchases. I'd say my family of four saves almost $1,000 each year, not including the 2% cash-back rewards I accumulate through my executive membership.

Persons: —, Veronica Thatcher, Veronica Thatcher Costco Organizations: Service, Costco, Business

☆ As Team USA women go for eighth straight gold, one question mark lurks
▼ + stars: | 2024-07-29 | by ( Chantel Jennings | ) www.nytimes.com time to read: +6 min

So, yes, per usual, Team USA has more than a few advantages in these Olympic Games even before mentioning the legacy this team carries into these games. AdvertisementTeam USA hasn’t lost a single Olympic game (including pool play) since the 1992 Olympics in Barcelona, Spain. So, to say that this Team USA women’s basketball team doesn’t know anything except Olympic gold medals isn’t just a figure of speech. “Talent is not going to be the reason why we win,” Cheryl Reeve says of Team USA. It’s the Team USA way, and nothing less.

Persons: Cheryl Reeve, ”, Reeve isn’t, Reeve, There’s, A’ja Wilson, Breanna Stewart, Diana Taurasi, Wilson, there’s, hasn’t, Alyssa Thomas, — Reeve, ” Cheryl Reeve, “ It’s, Gregory Shamus, ” Reeve, Dan Goldfarb, Juan Ocampo, Ryan Stetz Organizations: Team USA, USA, Olympic, WNBA, Las Vegas Aces, Russia, doesn’t, USA’s, Germany, Minnesota Lynx, Lynx, Japan Locations: Paris, Barcelona, Spain, Japan, Belgium, Germany

Motley Fool Coupons and Promo Codes for JulySave on a new Motley Fool Stock Advisor account with these curated coupon and promo codes for July 2024. About Motley Fool DiscountsThe Motley Fool often offers discounts on its premium stock-picking services like Stock Advisor, especially around holidays or major market events. Motley Fool Stock Advisor is a subscription-based service providing stock recommendations, market research, and more. Motley Fool Stock Advisor is not a brokerage and does not trade securities. Here's our Motley Fool Stock Advisor performance review as one of the best investment advice services in 2024.

Persons: Motley, it's, It's, You'll, Tessa Campbell, Tessa, she’s Organizations: Stock, Service, Motley, Investment, Invest, Susquehanna University

Romona Smith, 20, Nashville, Tennessee Undergraduate subsidizing her college costs with shifts at Kroger and McDonald’s. “Me working wasn’t enough,” said Smith, who described the latter experience as strengthening her resolve. Living situation: Spending the summer rent-free with her college roommate and family in their five-bedroom home in Corona. Romona Smith, 20, NashvilleSmith is pursuing a double major in social work and psychology, along with a certification as a registered behavior technician to work with people with ADHD or autism. With her out-of-pocket tuition set to hit nearly $5,000 this fall, Smith wants to avoid another financial Hail Mary.

Persons: Romona Smith, Trump, ”, Smith, “, “ I’m, it’s, she’ll, —, who’s, I’m, Nashville Smith, She’s, she’s, Kamala Harris, Z, ” Smith, Mary, “ I’ve, haven’t, don’t Organizations: NBC, Kroger, McDonald’s, Tennessee State University, Pell, Seattle native’s, Democratic, Bank of America, American Locations: Nashville , Tennessee, Nashville, Corona , California, Corona ., Tennessee, “

☆ 'It's impossible to not fall in love with Italy': I left the U.S. for Milan 20 years ago—the top 4 lessons I learned
▼ + stars: | 2024-07-28 | by ( Leslie Strazzullo | ) www.cnbc.com time to read: +4 min

Twenty years ago, when I was 35, I left my life in the greater Boston area to pursue a job opportunity in glamorous Milan. I was on a permesso di soggiorno (residence work permit), which allowed me one year to find another job. With a few months left on my permit, I received an offer to work for a U.S. multinational with offices in Italy. I was so glad that I hung in there and bet on myself and my life in Italy. Ultimately, I learned valuable things about my peers and the business over a relaxing meal or coffee.

Persons: I've, Leslie Strazzullo, It's, soggiorno Organizations: Duomo, Milano, University of South, Pirelli Locations: Milan, Boston, University of South Carolina, Italy, Hall, U.S

Mortgage rates have been prohibitively high this year for many would-be homebuyers. But as mortgage affordability improves throughout the next few months, more buyers should be able to find a home and mortgage payment that fits their budget. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This is a significant slowdown compared when it peaked at 9.1% in 2022, which means mortgage rates should start trending down soon. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Zillow, Mortgage, Association, Sky Locations: Chevron

☆ We are 100 days from the 2024 presidential election. Here's where things stand.
▼ + stars: | 2024-07-28 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +11 min

Harris opens up new potential paths to victorySince entering the race, Harris has shown momentum in early polling. This became worrisome for the Biden campaign as warning signs flashed in states like Virginia and New Hampshire. The positive early polling is a great sign for the vice president, but it isn't the only metric that shows momentum. Trump's pick for vice president makes things interestingVice presidential picks are far from guaranteed to help a presidential hopeful win a state. With Biden out of the race, Democrats will likely seek to tie the election — anchored by Harris' candidacy — to the party's future.

Persons: —, Kamala Harris, Donald Trump, Lyndon B, Johnson, Joe Biden's, Biden, Biden's, Trump, Harris, isn't, Sen, JD Vance, MAGA, Joe Biden, hto4J6PkOw —, Harry Enten, Harris —, Al Gore, George W, Vance, Ohio Sen, Win McNamee, Doug Emhoff, Mike Pence, John McCain of, Jim Vondruska, Mark Kelly of Arizona, Josh Shapiro, Tim Walz, Andy Beshear, Roy Cooper of, JB Pritzker, Gretchen Whitmer, Pete Buttigieg, Cedric Richmond of, Kelly, Shapiro, Walz Organizations: Service, The United, Democratic, Business, Democrats, Republican National Convention, Democratic National Convention, GOP, New York Times, Trump, Biden, Harris, CNN, Electoral, NV, Omaha -, Black, Anselm College, Convention, Ohio, Ohio Republican, Senate, Ohio Republicans, White, Getty, Pennsylvania, Bloomberg, Illinois, Navy Locations: The United States, Vietnam, Harris, Chicago, Ohio, Siena, Michigan , Wisconsin, Pennsylvania, Omaha, Nebraska, Virginia, New Hampshire, Minnesota, New Mexico, North Carolina, Georgia, John McCain of Arizona, Michigan, Kentucky, Roy Cooper of North Carolina, Cedric Richmond of Louisiana, Arizona, Wisconsin

☆ A Costco gold collector has bought more than $100,000 of coins this year — mostly for flipping
▼ + stars: | 2024-07-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

The real kicker, however, is the company's 2% rewards offer for Executive members, plus an another 2% reward for holders of the Costco credit card. One Costco member told Business Insider says he uses these percentage-point differences to make up to $500 per week buying coins and flipping them to online dealers and to local shops. "For me, gold is gold," he said, "but there's always more demand for Mint." Driving through Texas one day he stopped into a Costco warehouse that happened to have US gold buffalo coins in stock. AdvertisementIn just the past six months, the member has bought more than $110,000 worth of gold, according to credit card transactions reviewed with BI.

Persons: —, it's, there's, he's Organizations: Service, Business, Costco, BI, US, Mint Locations: Swiss, Texas

☆ Insider Today: The world's meanest app
▼ + stars: | 2024-07-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Buying a home is an absolute disaster, but this 19-year-old real-estate agent has a unique way of showing you homes quickly. On the agenda today:This story is available exclusively to Business Insider subscribers. Getty Images; Jenny Chang-Rodriguez/BIShow me the profitsAs businesses continue to figure out ways to leverage generative AI, investors are starting to wonder: How can this help the bottom line? The world's meanest app.

Persons: —, it's, Matt Turner, Stocks, Jenny Chang, Rodriguez, Elon Musk's, Alyssa Powell, They're, Altman's, Alvaro Dominguez, — Mark Moran Organizations: Service, Business, Getty, Apple, Microsoft, Meta, Nvidia, Lazard

☆ What to do when the Fed starts cutting interest rates
▼ + stars: | 2024-07-27 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

New York CNN —Over the past couple of years, the Federal Reserve aggressively raised its key interest rate to a 23-year high to beat down inflation. But, realistically, how much you’ll save when the Fed lowers rates will depend on how quickly it cuts and by how much each time. Since loan amounts are substantial, this is one area where even small cuts in interest rates could make a meaningful difference in what a homebuyer will pay. A couple of quarter-point rate cuts from the Fed won’t make it meaningfully cheaper, McBride said. A few rate cuts won’t make much of a dent in today’s record-high average rate of 20.7%.

Persons: ”, Greg McBride, ” McBride, “, Chris Diodato, McBride, Diodato, you’re, ” Dodiato Organizations: New, New York CNN, Federal Reserve, Bankrate, Fed Locations: New York

It's also looking increasingly likely that mortgage rates will drop even further in the coming months. As inflation continues to slow and the Fed is able to start lowering the federal funds rate, mortgage rates should trend down. This will remove some of the upward pressure off of mortgage rates and allow them to fall a bit. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-Year Fixed Mortgage Rates Inch Up (+0.08%)The current average 30-year fixed mortgage rate is 6.38%, up eight basis points from where it was this time last week, according to Zillow data.

Persons: It's, you'll, refinance, they've Organizations: Commerce Department, Federal, Zillow, FHA Locations: Chevron

☆ How ‘cat lady’ became an insult for women of a certain age
▼ + stars: | 2024-07-27 | by ( Scottie Andrew | ) edition.cnn.com time to read: +12 min

CNN —The stereotypical “cat lady” is one of pop culture’s most bizarre characters — and easiest punching bags. And though Vance’s description of “cat lady” didn’t include “crazy,” madness has been associated with “cat ladies” for over a century. “There is something about the independence of cats, something I like about them, which can be linked with a suspicion of independent women,” said Alice Madicott, whose book “Cat Women” prods the “crazy cat lady” stereotype. Many women proudly reclaim ‘cat lady’So-called cat ladies have been reclaiming the term for more than a century. And since Vance’s comments resurfaced this week, “childless cat lady” is now appearing on new merchandise including bumper stickers and yard signs.

Persons: Eleanor Abernathy, “ Big Edie ” Beale, She’s, Robert DeNiro, She’s …, Kamala Harris, Donald Trump’s, Sen, JD Vance, Tucker Carlson, “, ”, Harris, “ We’re, they’ve, ” Vance, Pete Buttigieg, we’ve, Harris “, Fiona Probyn, doesn’t, ” She’s, Rapsey, Vance, ’, haggard, Bastet, Corey Wrenn, Wrenn, Amir Makar, Agnes Waterhouse, Alice Madicott, untameable, Linda Rodriguez McRobbie, couldn’t, ” Rodriguez McRobbie, Havisham, Charles Dickens ’, Rodriguez McRobbie, Jane Austen, Miss Bates, “ Emma ”, Austen, spinsters, Hart Ayrault, Tom Cats, William Henry Ellam, Ken Florey, suffragettes, Big, Susan Michals, ” Michals, Women’s suffragists, suffragists Nell Richardson, Alice Burke, Michals, she’s, Michelle Pfeiffer, Zoë Kravitz, Halle Berry, Catwoman, who’s, Pfeiffer, Kravitz’s, Holly Golightly, Taylor Swift, Raymond Hall, ” Madicott, Swift, Kerstin Emhoff, Harris ’, Ella Emhoff, Jennifer Aniston, ’ —, Swifties Organizations: CNN, University of Wollongong, Democratic, University of Kent, Roman, Getty, Boston Globe, United, American Veterinary Medical Association Locations: Springfield, Australia, Egypt, Alexandria, AFP, Europe, England, “ Grey, New York, United States

Below, we've put together everything you need to know about how to watch UFC 304, which will see Leon Edwards and Belal Muhammad duke it out in a welterweight title fight. UFC 304 heads overseas to Co-op Live in Machester, England. ET / 3 a.m. BST (Sun) / 10 a.m. AWST (Sun)How to watch UFC 304 in the USUFC 304 will take place on Saturday, July 27. UFC PPV + Annual ESPN+ Membership (Bundle) ESPN+ is the home of UFC PPV events, meaning that fans need to purchase a subscription in addition to buying the one-off cards. UFC 304 Fight Card: Edwards vs. Muhammad 2Main card — 10 p.m.

Persons: we've, Leon Edwards, Belal Muhammad, Edwards, Muhammad, Muhammed, Tom Aspinall, Curtis Blaydes, Aspinall, We'll, prelims, VPNs, ExpressVPN, Bobby Green, Paddy Pimblett, Leroy Duncan, Gregory Rodrigues, Arnold Allen Organizations: Business, UFC, ESPN, TNT, US, TNT Sports Locations: Machester, England, ExpressVPN, Canada

☆ Crypto firm Ledger hikes prices of iPod-inspired wallet by 40% and launches new mid-tier option
▼ + stars: | 2024-07-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

The Ledger Flex is a new, cheaper hardware crypto wallet from French startup Ledger. Ledger finally released Stax, its long-anticipated hardware crypto wallet, and is shipping units out to people who preordered the product in May. In addition to raising the price for Stax, Ledger is also releasing a new crypto hardware wallet. The Ledger Flex features an E Ink screen, similar to the Ledger Stax. The Ledger Flex, which costs $249, is smaller than the Ledger Stax and comes with a 2.8-inch display.

Persons: Stax, Ledger, Tony Fadell, Ledger Stax, Pascal Gauthier, Ledger's Stax, Ledger's Gauthier, Foxconn Organizations: Stax, Ledger, Flex, Google, CNBC, Apple Locations: Ledger, solana, London, Vietnam

☆ How Visa employed artificial intelligence to check $40 billion in fraud as scammers also take to AI
▼ + stars: | 2024-07-26 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Payments giant Visa is using artificial intelligence and machine learning to counter fraud, James Mirfin, global head of risk and identity solutions at Visa, told CNBC. The company prevented $40 billion in fraudulent activity from October 2022 to September 2023, nearly double from a year ago. Fraudulent tactics that scammers employ include using AI to generate primary account numbers and test them consistently, said Mirfin of Visa. We do about 300 billion transactions a year," Mirfin told CNBC. It's looking at a range of different attributes and we're evaluating every single transaction," Mirfin said.

Persons: James Mirfin, Mirfin Organizations: Visa, CNBC, PAN

☆ New York to Replace Student MetroCards With Less Restrictive OMNY Cards
▼ + stars: | 2024-07-26 | by ( Claire Fahy | More About Claire Fahy | ) www.nytimes.com time to read: +1 min

New York City students will have expanded access to the transit system beginning this coming school year, city officials announced on Thursday. A new OMNY transit card will replace the MetroCards that have been given to public school students across the city since 1997, Janno Lieber, the chief executive of the Metropolitan Transportation Authority, said at a news conference. Students will be able to use the new cards all day long, and can take four rides every 24 hours, a marked departure from the MetroCards, which offered students only three rides a day, and only between 5:30 a.m. and 8:30 p.m. on school days. And while each MetroCard was valid for only one semester, the OMNY cards will work year-round, including on weekends and holidays and during the summer. The move comes as the city is working to phase out the MetroCard for all transit riders in favor of the digital tap-and-go system provided by OMNY — short for One Metro New York — and as the cost of riding the subway has increased.

Persons: Janno Lieber, OMNY Organizations: York, Metropolitan Transportation Authority, Metro Locations: York City

Financial advisor Mark Scribner says rich people waste money on luxury cars and household staff. Millionaires also spend too much money treating their friends and family to expensive dinners. To learn from rich people's mistakes, we spoke to Mark Scribner, financial advisor to millionaires and managing director at Boston-based wealth management firm Carson Wealth. Scribner shares four things rich people spend too much money on, and what we can learn from their mistakes. These vehicles just sit in the garage for months until it's time to show them off to impress friends, family, and colleagues.

Persons: Mark Scribner, Millionaires, Carson, Scribner, Rich, doesn't Organizations: Millionaires, Boston, Carson Wealth, Household

☆ Why so many Gen Zers and millennials have 'money dysmorphia' — even if they are financially better off than they realize
▼ + stars: | 2024-07-26 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

In fact, Gen Zers — people born between 1997 and 2012 — are more worried about saving than any other generation, a BI survey showed. Nearly half of Gen Zers and millennials have it, according to a recent Credit Karma survey. Money dysmorphia goes beyond wanting to pay off some credit card debt or to contribute more to a 401(k). It's "pervasive worry, vigilance — like an internalized feeling of unsafety with money," Clayman said, even when there aren't pressing financial problems to solve. AdvertisementClayman explained why younger generations are more likely to experience warped views around their finances — and might be more financially stable than they give themselves credit for.

Persons: —, Gen Zers —, Amanda Clayman, Zers, dysmorphia, Clayman, Gen Xers Organizations: Service, Business

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