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☆ Here's where all the wealthy, young people are moving this year
▼ + stars: | 2023-08-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Wealthy Americans ages 26 to 35 are moving to Florida, Texas, and New Jersey. This was in contrast to the over 5,000 net young high earners who left New York, which still had the highest count of young high earners of any state. Despite losses of nearly 2,700 high earners, New Jersey netted over 1,000 wealthy, young professionals. Connecticut, which ranked sixth for net migration of young high earners, had a similar trend compared with all high earners. Washington, DC, exceeded Washington state at 16%, even though it lost nearly 700 young, wealthy professionals.

Persons: SmartAsset, Austin, Zer Organizations: New Jersey ., New, Service, New Jersey —, California ., Boston Locations: Florida , Texas, New Jersey, New Jersey . Austin, Jacksonville, Denver, New York, California, Wall, Silicon, Miami, Austin , Texas, Jersey City , New Jersey, Florida, Texas, Idaho, Montana, Jersey City, Hoboken, Connecticut, Washington, California . Washington, DC, Colorado, North Carolina, Tennessee, Dallas, Jacksonville , Florida, New York City, Chicago

After paying off $50,000 in debt, Berna Anat started saving money seeking financial freedom. "Saving is one of the best things that you can do for your life," writes Anat, who started saving money to reach her life goals after paying off over $50,000 in debt. Anat writes, "Saving money unlocks your wildest dreams. View offers and start saving today »How to save money the right wayIt's easy to find saving tedious or punitive when you're saving just to save. Saving money is the ultimate pay yourself first move, and being specific about what you are saving for gives you something tangible to reach for.

Persons: Berna Anat, Anat, we've, — Organizations: Service Locations: Wall, Silicon, New York

☆ This Gen Zer bought and remodeled two homes by the time she turned 25. Her latest renovation was inspired by TikTok — see inside.
▼ + stars: | 2023-08-20 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

The real-estate savvy Gen Zer has spent the last few months taking the home back to its 1930s roots. Harris spent three months and about $20,000 remodeling the home, and eventually added a primary suite. The Gen Zer, who has a soft spot for older homes, was enamored with the property. "I've always loved historic homes," Harris said. Over the past few months, she's spent $24,000 remodeling the property and taking it back to its 1930s roots.

Persons: Katie Harris, Gen Zer, Harris, Zer, I've, she's Organizations: Service Locations: Wall, Silicon, Tulsa , Oklahoma, Tulsa, TikTok

☆ For Gen Z, financial security isn't enough to feel wealthy
▼ + stars: | 2023-08-18 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

A new survey shows having "a better quality of life" makes more Gen Zers feel wealthy than financial security. In contrast, 61% of baby boomers said feeling "wealthy" means having financial security, followed by having good health at 33%. That's not to say financial security isn't important to Gen Zers. According to Credit Karma data shared with Insider, the average Gen Z credit card balance is up 45% since March 2022. All this is to say Gen Zers may be looking to invest in vacations with friends to feel wealthy instead of saving up every dollar to feel financially secure.

Persons: Zers, Gen Zers, Gen, —, Schwab, That's, Gen Z, Z, they're, Zer Organizations: Service, US Bank, Boomers Locations: Wall, Silicon

☆ A Gen Zer and millennial whose monthly car payments exceed their housing costs say it's 'stressful' but that they need a car
▼ + stars: | 2023-08-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

A record-high share of Americans is taking on monthly car payments of $1,000 or more. Car payments exceed housing as the biggest expense for some Gen Zers and millennials. Last year, the median monthly rent payment in the US was roughly $1,000, according to the Federal Reserve. Sherbina said managing his high monthly car bill — in addition to his other living expenses — could be stressful. "Having this high of a car payment is both stressful and has some psychological impacts," he said.

Persons: Zers, Nikita Sherbina, Sherbina, Ivan Drury, Edmunds, Cyrus Partow, Partow, It's Organizations: Service, Federal Reserve, BMW Locations: Wall, Silicon, Edmunds, Texas, Wyoming, Seattle, Los Angeles

☆ A Miami Gen Zer skipped traditional college and kicked off his career with a 2-year training program. Now he works at Ford and is certified to service EVs.
▼ + stars: | 2023-08-08 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Carlos Bonilla, 22, enrolled in a two-year automotive technician training program with Ford. According to Bonilla's tuition bills viewed by Insider, he paid roughly $9,000, and it was not reimbursed. As a result, the ASSET program has incorporated more electric vehicle instruction into its curriculum, a Ford representative told Insider. Even though he's done with the program, Bonilla has had other opportunities to continue his education in the field. He said his dealer paid for him to get a variety of certifications, including one that allows him to work on hybrid and electric vehicles.

Persons: Carlos Bonilla, —, Carlos Bonilla Carlos Bonilla, Bonilla, Carlos Bonilla Carlos Bonilla Bonilla, He's, he'll, he's Organizations: Ford, Service, Lincoln, Royal Lincoln, of Labor Statistics Locations: Wall, Silicon, Miami, doesn't

☆ A recruiter says a Gen Z intern asked for a 5-hour work day in an interview, sparking debate about work-life balance
▼ + stars: | 2023-07-24 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Twitter users are divided over whether Gen Z workers are demanding too much in job interviews. Experts warn Gen Z to research their industry before making demands about work-life balance. The post, which has more than 700,000 views, sparked a social-media debate about Gen Z behavior at work. She added: "Imagine having work life balance but hating the 5 hours of work you have to do or the people you have to work with." Industries like finance and banking that traditionally have intensive hours are less likely to look kindly on open demands for work-life balance.

Persons: tweeting, Zer, Gen, Sameera Khan, Khan, Balance, Insider's Alexandra York, Josée Rose, Steven Sibley Organizations: Service, Twitter, MNC, Industries, Indiana University's Kelley School of Business Locations: Wall, Silicon, India

☆ I'm a Gen Zer who gets asked what young workers want. It's simple: to be included in conversations about our careers and the workplace.
▼ + stars: | 2023-07-23 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

I was on stage at a conference, tasked with leading a conversation about the future of work from a Gen Z perspective. Those Gen Zers who've made it into the workforce — we range from age 11 to 26 — tend to agree with these ideas, studies show . So at this event and another I took part in last week, I expected to hear all the tropes : "Gen Z is entitled," "Gen Z just doesn't understand the way things work," "Gen Z is asking for too much." When we turned to the audience for questions, one attendee asked: "How do we start these conversations with Gen Zers?" Members of older generations often allude to the idea that Gen Zers are demanding the impossible .

Persons: Gen Zers, Zers, Zers who've, Z, Gen Z, it's Organizations: Service Locations: Wall, Silicon

☆ I'm a Gen Zer who chose a European college over the Ivy League because I could get a master's in less time and for less money than in the US
▼ + stars: | 2023-07-17 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

She chose St Andrew's University in Scotland because in four years she'd finish with a master's. She attended the University of St Andrews, in Scotland, from 2017 to 2021. At all of them, I was speaking with recruiters and coaches about joining their water polo teams. I ultimately narrowed it down to two colleges in the UK: King's College in London and St Andrews in Scotland. Plus, nearly 40% of the St Andrews student population is international, with lots of American students.

Persons: Nicole Thompson, Thompson, Louis, —, Europe Thompson, Brown, Ivy —, I'd, Andrew's, Prince Will, St Andrews, America Thompson, It's, let's Organizations: St Andrew's University, Service, University of St, Junior Olympics, King's College, St, St Andrews, Arts Locations: Scotland, Wall, Silicon, San Francisco, University of St Andrews, Australia, Utah, Missouri, Thailand, St, Europe, London, St Andrews, America, California

☆ Meet a first-generation Gen-Zer with $60,000 in student debt who says it's 'hard to be excited' about Biden's new plans for relief: 'There's just no clear messaging'
▼ + stars: | 2023-07-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Olivia Bissanti, 23, has $60,000 in federal and private student debt. As a first-generation college student, Bissanti was the first in her family to achieve a higher education and navigate the financial system that comes along with it. Six months after graduating from college in 2021, Bissanti started making payments on her private student loans. Olivia Bissanti (right), 23, has $60,000 in private and federal student debt. At the end of June, the Supreme Court struck down President Joe Biden's plan to cancel up to $20,000 in student debt for federal borrowers.

Persons: Olivia Bissanti, she's, hasn't, Bissanti, I've, Joe Biden's, overreached, —, Biden, Biden's, it's, There's, Bharat Ramamurti, that's Organizations: Service, Education Department, —, Supreme, Higher, National Economic Council Locations: Wall, Silicon

☆ The Gen Zer who helped spark the quiet-quitting trend ended up leaving his job after all. He blames bad managers for a generation of disengaged employees.
▼ + stars: | 2023-07-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

After quiet quitting at his job for six months, he realized it wasn't the answer for him. He said quiet quitting had its downsides and that managers are to blame for disengaged employees. The 17-second video, in which Khan describes quiet quitting as not quitting your job, but "quitting the idea of going above and beyond" — went viral. It has been widely credited for making quiet quitting into the phenomenon it's become. But after trying quiet quitting for six months, and then actually quitting his job, Khan reflected, and said that for him personally, quiet quitting isn't the answer.

Persons: Zaid Khan, Zaid Khan's TikTok, Khan, I'm, he's Organizations: Service, Yorker Locations: Wall, Silicon

☆ I'm a Gen Zer who uses AI to improve my work as a content creator and beat writer's block
▼ + stars: | 2023-07-08 | by ( Alexandra York | ) www.businessinsider.com time to read: +4 min

Morgan Young was an early adopter of generative AI, which she learned about on social media. I use generative AI for all of these roles, and I find ChatGPT and chatbots to be the most helpful. I started using ChatGPT within the first three days that it came out. AI speeds up the process of researching and pitching to brandsLinkedIn, where I post content about Gen Z, college, and career growth, is my main platform. I've also started using it to improve my outreach for brand partnerships.

Persons: Morgan Young, Young, ChatGPT, I've, I'm, it's Organizations: Service, LinkedIn Locations: Wall, Silicon, Reddit

☆ Older generations have an advantage in the AI boom: people skills and experience that can't be automated away
▼ + stars: | 2023-07-05 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

Companies will want people who can use the tech but will also need skills AI can't replicate. An emphasis on soft skills could be good for older workers and bad for some remote workers. But as one Oxford economist told Insider, there's another set of workers that could benefit from an AI boom: workers with the people skills that AI can't replicate. In this future, Frey said, "it is likely that older workers with more experience in managerial positions are better placed." That's because there are simply some things AI can't do.

Persons: —, There's, Zer, Carl Benedikt Frey, Frey, " Frey Organizations: Companies, Service

☆ AI could supercharge the Gen Z takeover
▼ + stars: | 2023-07-01 | by ( Alexandra York | Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Experts told Insider that Gen Z was well positioned to capitalize on the AI boom. That could supercharge Gen Z careers, as generative AI is expected to affect millions of jobs, and companies are already seeking talent to help navigate those changes. "From that perspective, Gen Z should be in a good position to capitalize on the AI boom." Gen Zers are using AI for research and brainstormingLais Silva, a Gen Z content manager at a social-media startup, said she'd essentially replaced Google with ChatGPT. Older generations could have a competitive edge over Gen Z because of experience — if they're open to learning AI toolsThe AI revolution isn't guaranteed to be a boon for Gen Z workers.

Persons: Z, —, AJ Eckstein, He's, He'll, Eckstein isn't, they'd, Gen Zers, ChatGPT, Carl Benedikt Frey, Eckstein, Lais Silva, she'd, Morgan Young, chatbots, She'll, Oxford's Frey, Columbia's Netzer, Gen Organizations: Service, Fortune, Columbia Business School, Pew, Oxford University, Google

☆ Meet the typical Great Resigner: A Gen Zer working in leisure and hospitality who's comfortable hopping jobs in search of better pay and job security
▼ + stars: | 2023-06-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +1 min

Americans are still joining the Great Resignation in high numbers. The typical job hopper is young and seeking higher pay and better job security. With job openings also well above pre-pandemic levels, the Great Resignation could persist in the months to come. In some ways, the participants in the Great Resignation — and the rewards of joining it — haven't changed much over the past few years, but in other ways, the landscape has changed considerably. From age to industry to pay bump, here's the profile of today's typical Great Resigner.

Persons: —, Bankrate, haven't Organizations: Service, of Labor Statistics

☆ Financial advisors have met their match in TikTok
▼ + stars: | 2023-06-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

The impact of artificial intelligence on Wall Street has plenty of people concerned, but some financial advisors fear a much more sinister opponent. Financial advisors are right to be concerned. A 2022 survey found Gen Z was more likely to seek out financial advice from TikTok (34%) and YouTube (33%) than a financial advisor (24%). Couple that with their often obsessive consumption of social media, and you start to see why financial advisors never had a fighting chance. More on why advisors are worried about young people turning to TikTok for help with their finances.

Persons: Dan DeFrancesco, we've, James Gorman's, Morgan Stanley, David Solomon, Goldman Sachs, Samantha Lee, Insider's Lindsay Dodgson, Z, they've, that's, Kelsey Wells, Kyle Davies, Su Zhu, Davies, Zhu, Brian, Lisa Sugar, David Solomon can't, Let's, Jeffrey Cane, Nathan Rennolds Organizations: Insider, YouTube, Arrows, Avid Capital Advisors, Wall, LinkedIn Locations: Dublin, Bali, Miami, South Beach, New York, San Francisco, Chicago, London

☆ Here’s how much Americans have in their 401(k)s at every age
▼ + stars: | 2023-06-03 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Gen Z's retirement savings have grown more than any other generational cohort over the past year, Fidelity Investment's latest retirement analysis reveals. Fidelity defines Generation Zers as those born between 1997 and 2012. The average 401(k) balance for a Gen Zer is about $7,100, as indicated by Fidelity data provided to CNBC Make It — significantly higher than the cohort's median 401(k) balance of $2,500. This disparity isn't unique to Gen Z: Americans' average overall 401(k) balance is $108,200, compared to a median of around $23,700. Here's how much Americans have saved in their 401(k)s by generation, according to Fidelity:

Persons: Gen, Gen Zers, It's Organizations: Fidelity, CNBC

☆ The Banking & Payments Show Recap: Apple Pay's Sweet Domination
▼ + stars: | 2023-06-01 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +1 min

Listen to the full Behind The Numbers: The Banking & Payments Show episode here. With Kroger caving to accept Apple Pay, Rob and David discussed Walmart and if/when they will fall. Apart from its history, Walmart has ramped up its own Fintech operations which include neobanking aspirations and Walmart Pay. Want to learn more about the domination of Apple Pay and Gen Z's impact? Listen to the full Behind The Numbers: The Banking & Payments Show episode here.

Persons: Rob Rubin, David Morris, Rob, David, Gen, Apple, Zer's Organizations: Intelligence, Apple, Kroger, Walmart, Google, PayPal, Apple Pay Locations: EU

☆ A Gen Zer who was laid off explains how she's happier and more creative after working corporate jobs that 'sucked the soul' out of her
▼ + stars: | 2023-05-21 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

While she's still getting used to the change, she says she's happier and more creative. In her experience, corporate work was repetitive. She's joined a wave of people leaving corporate or white-collar work after a layoff, and as AI threatens the future of the industry. When she left behind corporate marketing, Ma started working as a freelance content creator. While she said her work-life balance was better before, "it didn't feel like I was really working or living."

☆ I was excited about getting a remote job right out of college, but now it feels like it's hurting my career
▼ + stars: | 2023-05-20 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

He was excited about the freedom, but says the lack of in-person connection is hurting his career. I was excited for the freedom of a remote roleI started my first full-time job in June 2021, a month after I graduated from UCLA. The job was remote, so I moved back home for a year to work from there. I'd gotten used to remote learning after being virtual for school, so I felt prepared for that aspect of my job. I just got out of college, so giving more work to someone else who's much older than me feels weird.

☆ Meet a 24-year-old who realized corporate life wasn't for her. She now makes $58,000 as an innkeeper, has her rent subsidized, and has plenty of time to paddle board on the lake.
▼ + stars: | 2023-05-17 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

She likes interacting with guests and is happy she didn't end up in a corporate job. "I was looking for a corporate job just because that's what everybody in my life who didn't go to grad school did," she said. She told Insider she makes around $58,000 and part of her rent is covered, as she has employee subsidized housing. Are you a Gen Zer or recent graduate who found a job outside of a 9-to-5 corporate job? Are you a worker that left a corporate job?

☆ Over half of Gen Z and millennials say they're struggling with the question of how to start a family while living paycheck to paycheck
▼ + stars: | 2023-05-17 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

A new Deloitte survey finds that over half of Gen Z and millennials live paycheck to paycheck. That also means Gen Z and millennials feel like starting a family or owning a home are out of reach. Indeed, cost of living remains the biggest concern for Gen Z and millennials, with over a third of Gen Z ranking it as a top concern, and 42% of millennials staying the same. Half of Gen Z and 47% of millennials said that they expect starting a family "to become harder or impossible." Are you a Gen Zer or millennial living paycheck to paycheck, and rethinking what your future will look like?

☆ 10 Things in Tech: 'I saw a quantum computer,' Gen Zer learns data analytics on YouTube, and Ford's Ranger Raptor
▼ + stars: | 2023-05-15 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

Google's AI demonstration showed how Big Tech keeps on winning. Lots of startups are throwing their hat into the generative AI race. But it looks like Big Tech has a leg up on the competition. And it makes competitors even more dependent on Big Tech companies. My colleague Hugh Langley highlights how size and reach, not just quality, will win the AI race and breaks down how Big Tech is set to reap most of the spoils.

☆ I'm a Gen Zer who bumped my salary up by 40% with a career pivot to data analytics — and I learned the skills for free on YouTube
▼ + stars: | 2023-05-14 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

A Gen Z worker was unhappy with his job, so he taught himself data analysis and switched careers. Two years ago — when I was 22 — I finally learned what someone with the title of "data analyst" did, while still working that first job. Switching to a career in data analytics changed my lifeIt wasn't costly for me to become a data analyst — and it changed my life. Upon entering the field, I was surprised to find out how many people were able to break into tech through data analytics, without needing a college degree. I used Khan Academy's free SQL course, for instance, one of the major tools for data analytics.

☆ Who are zillennials?
▼ + stars: | 2023-05-10 | by ( Terry Ward | ) edition.cnn.com time to read: +8 min

Along the blurry edge at the cusp of the two generations, between Gen Y and Z, is where zillennials live. Zillennials straddle the generations of millennials, who are considered digital pioneers, and Gen Z, who are considered digital natives who never knew life before screens. While zillennials often feel they don’t fit in with either Gen Z or millennials, Dorsey said the middle zone they occupy has its own advantages. His firm’s research has shown Gen Z to be more connected to social causes than millennials, with zillennials similarly more interested than millennials when it comes to social issues. From a young age, zillennials have learned the effects of climate change, said Carr.

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