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Search resuls for: "jzinkula"


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☆ Gen Z's finances are already tanking, and we're not even in a recession yet
  + stars: | 2022-11-23 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +5 min
Credit card debt is on the rise, and Gen Z is missing payments at an increasing rate. If the US enters a recession, young Americans could be disproportionately impacted. Consequently, the personal savings rate rose to its highest level on record. That's because young Americans are among the individuals hardest hit by economic downturns. In 2020 for instance, Gen Z's unemployment rate rose from 8.0% in February 2020 to 26.9% in April, while millennials' increased from 4.0% to 14.3%.
☆ A record number of parents are missing work due to a 'trifecta' of kids sick with COVID, flu, and RSV. It leaves them vulnerable as a possible recession looms.
  + stars: | 2022-11-15 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +3 min
104,000 Americans missed work in October due to "childcare problems." The record figure was driven by many children falling sick COVID, the flu, or RSV. In October, a record high 104,000 Americans missed work due to "childcare problems," according to Bureau of Labor Statistics data dating back to 2003. KPMG Chief Economist Diane Swonk attributed the record rise to a "trifecta of kids filling ICUs with RSV, flu and out sick to COVID." Have you missed work recently due to childcare needs and are willing to discuss how it has affected your family financially?
☆ Be careful before 'quick quitting' and joining the Great Resignation. Your employer may hand you a bill for your job training.
  + stars: | 2022-10-19 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +6 min
Workers quit in high numbers over the past few years — sometimes after being at the job under a year. Some employers are demanding that quitting workers reimburse them for their training costs. Most prevalent in the healthcare, trucking, and retail industries, these agreements can cost quitting workers thousands of dollars. England of charging quitters $6,000 for reimbursed training costs if they leave before a certain period of time. Regardless, many companies say they are well within their rights to demand compensation for training costs when employees part ways.
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