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“They’re both promising not to tackle the debt,” Ryan said, coming back to the issue that has animated his political career. Trump wants to extend all of the tax cuts, which could further explode the debt without corresponding spending cuts. When Trump and Republicans enacted the current tax structure, they made individual tax cuts temporary and most of the corporate tax cuts permanent. Biden has proposed additional taxes on those making more than $400,000 to address Medicare’s solvency, among other ideas, but does not have a detailed Social Security plan. The dirty little secret in all of this is, Medicare and Social Security are going insolvent on their own.
Persons: Donald Trump, Paul Ryan, he’ll, Trump, , Ryan, Republican –, , ” Ryan, Sen, Mitt Romney, “ They’re, Joe Biden, Biden, Barack Obama, CNN’s Tami Luhby, What’s, won’t, Alan Greenspan, Obama, Republican Sen, Alan Simpson, Erskine Bowles Organizations: CNN, Trump, Republican, Fox News, Social Security, Democrats, Affordable, Biden, Republicans, Democratic, American, Treasury, Medicare, Fox, Federal, White House, National Commission Locations: Wisconsin, Trump, Luhby
Others in my generation — I'm on the cusp between Gen Z and millennial — were on the same page, determined to seek out "authentic experiences." Travel agents felt like vestiges of the preinternet world, like video-store clerks or pay phones, and I couldn't imagine ever needing them. And in a 2023 survey of 2,000 American travelers, 38% of Gen Z and millennial respondents said they preferred a traditional travel agent over online booking. There are travel agents specializing in just about every type of travel imaginable, from multicountry group tours to luxury all-inclusive trips. AdvertisementSmith is a Gen Zer and said that over half her clients are Gen Z.
Persons: Anthony Bourdain's, Bourdain, Z, , Money, Gen Xers, boomers, we're, Matt James, he's, James, YouGov, millennials, Gen Zers, Kayla Smith, Smith, Zer, Zers, Ashley Kooker, William Lee, margarita, Magdalene Taylor Organizations: Travel, Mexico City, Sojourney, Resorts, Royal, Chima, San, Locations: New York City, Italy, Japan, Costa Rica, Mexico, Vietnam, Hanoi, Coyoacán, Germany, Fora, Croatian, Florida, Royal Curacao, Ohio, Switzerland, TikTok, Swiss, Peru, Lares, San Pedro, Cusco, Lima
Business Insider's "Workforce Innovation" series will explore how our jobs are changing by digging into four themes: AI, the changing C-suite, worker well-being, and DEI. The board will be composed of C-suite leaders from HR, strategy, technology, and DEI. The C-suite is getting more crowded, and jobs like chief growth officer and chief AI officer are becoming more common. Increasing amounts of data and the emergence of AI, Wiggins told BI, require companies to have roles beyond chief information officer or chief technology officer. "The future of DEI," Lawless said, "does need to be more diffuse."
Persons: we're, it's, Daron Acemoglu, Cody O'Loughlin Acemoglu, Acemoglu, Ty Wiggins, Russell Reynolds, Wiggins, Georgie Clarke, It's, Carly Holm, Leah Smith, Holm, George Floyd's, Regina Lawless, Charles Schoenberger, Lawless, Gen Z Organizations: Innovation Board, DEI, Massachusetts Institute of Technology, Russell Reynolds Associates, World Health Organization, Business, Employers, Companies Locations:
But Gen Z has a new target: Gen Alpha. Zoomers are starting to tease Gen Alpha tweens, saying they are stunted when it comes to socializing because of what they say is their addiction to screens. Nicholas Drake, a content creator, described the blue light stare as a "nonchalant, just unbothered look on their face." A TikToker called Hannah said she was recently served by a "Gen Alpha kid" and that the "blue light stare is so real." Terms such as "blue light stare," Varbanova said, "makes people feel more in control."
Persons: , boomers, Gen Z, Alpha, Gen Alpha tweens, They've, Gen Alpha, Nicholas Drake, They're, Zers, Katya Varbanova, Lyndsey, Hannah, Flora Wells, Brenda Christensen, Christensen, Wells, Gen, Varbanova Organizations: Service, Business, Stellar Public, Inc, Alpha Locations: millennials
Gen X is shifting from family trips to solo and friend-based vacations. More than 60% of Gen Xers book vacations to escape daily stress, the highest of any generation. However, neither of those studies differentiated between Gen Xers and baby boomers or how those numbers have changed over time. Morning ConsultThe next most common reason for Gen X to take a vacation was to visit family or friends, at slightly more than 40%. AdvertisementDriven by a need to escape and influenced by financial considerations, Gen Xers are carving out new travel experiences, prioritizing their well-being.
Persons: Gen Xers, , Xers —, Xers, Lindsey Roeschke, I'm, Roeschke, X Organizations: Service, US Census Bureau, US, Bureau, Bowling Green State University, Business
Related VideoStill, those 50-64 were most likely to work fully remotely, while those 20-29 were least likely. That means they can afford to be fully remote and might feel really comfortable doing things on their own," Barrero said. So that muscle memory might push them to come in more often than younger workers who embrace hybrid." Indeed, many older workers BI has spoken to are divided on whether they want to be in-office or at home — but they're willing to leave roles that don't cater to their preferences. Do you strongly prefer in-office or remote work?
Persons: , Gen Zers, millennials, Nick Bloom, Alex Finan, Jose Maria Barrero, Instituto Tecnológico Autónomo, Barrero, Dennis C, I'm, Charles Bond, they're, Bond Organizations: Service, Business, Employees, Stanford University, Instituto Tecnológico, Business School
John Della Volpe, who has been doing intensive research on young voters, said older voters have embraced Biden's policies, such as lowering the cost of prescription drugs, whereas younger voters don't feel similar benefits from them. Rep. Ann McLane Kuster, D-N.H., said older voters in her state and elsewhere are attracted to Biden's "steady hand." At the same time, Biden had a narrow lead among voters 65 and older, according to the poll. While Trump won voters 65 and older in the 2016 election by 7 percentage points, Biden narrowed that gap to 5 points in 2020. The Biden campaign hopes to maintain his apparent momentum among older voters in part by contrasting Biden's proposals for seniors with Trump's policies.
Persons: Biden, Joe Biden, Al Gore, Harris, Douglas Emhoff, Jill Biden, Ronald Reagan's, John Della Volpe, Della Volpe, Lisa Clark, Clark's, Ann McLane Kuster, Kuster, Roe, Wade, Donald Trump, — Biden, Trump, it's Biden, Kamala Harris, Mia Ehrenberg, Richard Fiesta Organizations: Biden, Democrat, Democratic, NBC, Republican, an Air Force, Trump, Social Security, Alliance, Retired, Medicare, Fiesta Locations: New Hampshire, France, Vietnam, Wisconsin
Many Americans are not willing to leave a tip all the time, and they're becoming less likely to do so. The 2024 survey of US adults conducted from April 29 to May 1 found that 67% percent of those who go to sit-down restaurants always give tips to servers. Thirty-five percent of adults said "tipping culture has gotten out of control," per the Bankrate post. Still, the survey found 78% of Gen Xers and 86% of baby boomers who go to sit-down restaurants always give a tip. AdvertisementAnd younger Americans are less likely to tip at sit-down restaurants.
Persons: Bankrate, Ted Rossman, it's, Xers, culture's, Gen Xers, Gen Zers, millennials, Rossman, that's Organizations: Service, Business, Pew Research Center
"Cruise demand is also tied to a broader consumer desire for accumulating experiences rather than objects," Farley wrote. "We can see that 2024 is not just benefiting from pent up demand, because that is completely new demand," Farley said. Melius Research is also bullish on the industry's future and believes cruise lines are set for continued margin expansion over the next several years. However, cruise pricing is holding up, analyst Jamie Rollo said in a note Friday. Earlier this month, the cruise operator lifted its full-year earnings forecast, citing strong demand and an improved outlook for the year.
Persons: Robin Farley, Farley, diems, Viking, Conor Cunningham, Morgan Stanley's, Jamie Rollo, Jason Liberty, Morgan Stanley, Rollo Organizations: UBS, Royal, Cruise, CNBC Locations: U.S, Royal Caribbean, Norwegian
It's a lot to deal with, and Gen X can struggle with juggling life and finances across multiple responsibilities. In many families, the transfer must come through Gen X first. About three-quarters (74%) of Gen X reported financial trauma, compared to 71% of millennials, 63% of boomers and 64% of Generation Z. So how can Gen X feel more confident about their current and future finances? Second, Gen X must believe that they can secure their future selves without depriving their current selves.
Persons: Ippei, , X, Xers, Gen, Gen X, gripe Locations: Experian
But this staple of preppy American fashion has humble origins, far from Martha’s Vineyard or the hallways of Yale or Harvard, in Chennai, India, the coastal city from which it takes its name. Krishnan Nair,” a biography of the Indian textile magnate and hotelier who first sold Jacobson the madras, in a video interview with CNN. From Chennai to shores of the CaribbeanFort St. George was established in the 1630s, helping the British cement a monopoly on the highly lucrative Indian textile industry. Research by the London School of Economics estimates that Indian cotton textiles, which were often exchanged for slaves, accounted for 30% of the total export value of 18th century Anglo-African trade. A madras fabric weaving workshop in Chennai, the Indian city once known as Madras, circa 1990.
Persons: Lisa Birnbach’s “, Ralph Lauren, Brooks, William Jacobson, , Bachi Karkaria, Captain C.P, Krishnan Nair, Jacobson, Tony Cenicola, Karkaria, — Nair, , , David Ogilvy, Leonard McCombe, Nair, Ogilvy, Elihu Yale, George, Hathaway, India Madras ”, Eli Yale, King George I, Hathaway Yale, Yale, Kai Toussaint Marcel, Marcel, Tommy Hillfiger, Kimberly M, Jenkins, Patrick Horvais, madras “ Organizations: CNN, Brooks Brothers, Yale, Harvard, New York Times, Milton Academy, madras, Ivy League, East, Yale College, Yale University, Yale . Yale, East India Company, Metropolitan Museum of Art, Parsons School of, London School of, Princeton, Miss College, Sports Locations: madras, Bahamas, Chennai, India, Madras, West Africa, Milton , Massachusetts, superstardom, East India, Fort St, India Madras, Scottish, North Africa, Nigeria, America, Caribbean, St, West Indies, England, France, New Orleans, East Coast, Bermuda, madras Bermuda, Rhode Island, Newport, South Florida, Palm, Fisher
In 2024, Gen Z workers are expected to outnumber baby boomers in the American labor force for the first time. CNBC Make It explores how Gen Zers are really putting their mark on career advice, office culture and more. Much of the advice is geared toward Gen Z and younger millennials figuring out their place in a chaotic post-pandemic work landscape. Much of the career advice on TikTok echoes the tips shared in podcasts, YouTube videos and LinkedIn thought pieces. It's just the aesthetics and format that are different — and more appealing — to Gen Z.
Persons: Jade Walters, TikTok, Gen, Zers, Baron Leung didn't, Leung, Weeks, Baron Leung, it's, jobseekers, Z, Joe Biden, It's, Walters, I've, Gen Z, Grace Dunlavy, Dunlavy, New York — Organizations: CNBC, LinkedIn, Zenith, Pew Research Center, Howard University, Saint Louis University Locations: Toronto, U.S, Chicago, New York
CNN —The number of job openings in the US shrank for the second month in a row, setting a new three-year low amid further signals of cooling in the labor market. There were 8.06 million available jobs posted in April, according to the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) report released Tuesday. Economists were expecting job openings to register 8.36 million, according to FactSet estimates. Layoffs remain lowIn addition to the decline in job openings, other measures of labor turnover showed minimal movement in April. Second, the labor market is a different animal than it was 10 or 20 years ago.
Persons: Nancy Vanden Houten, ” Vanden Houten Organizations: CNN, Bureau of Labor Statistics ’, Labor, Oxford Economics, Federal Reserve, Federal, JOLTS, Boomers Locations: That’s
In today's big story, we're looking at China's strict approach to overseeing its AI development and the threat it poses to the world. The country's history of censorship and surveillance is extending to its approach to AI , writes Business Insider's Linette Lopez. AdvertisementThe CCP's plan for AI is about shaping reality and enforcing its power, according to internal documents. What to do ahead of May's jobs report. Permabull Tom Lee said it's a great time to buy stocks — shocking — with a new jobs report set to drop on Friday.
Persons: , Kiran Ridley, Stringer, Getty, Tyler Le, Insider's Linette Lopez, Linette, chatbots, Jinping, Xie Huanchi, we've, Ken Griffin's, Permabull Tom Lee, it's, Stocks, Keith Gill, It's, Amazon's, Alyssa Powell, boomer, Gen, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett, Annie Smith Organizations: Service, Harvard, Business, Chinese Communist Party, of, People, Getty, Citadel Securities, BI, GameStop, Cloud, Prime, Apple, American Express, Research, Boomers Locations: China, Beijing, Xinhua, New York, London, Chicago
But now, for a growing cohort of Gen Zers and millennials, it's their card, too. According to the company, millennials and Gen Z consumers made up 60% of its new customer acquisitions worldwide, and 75% of its new platinum and gold accounts were opened by millennial and Gen Z members. Related storiesAmex has implemented a number of tactics to pull off its youth revolution and cement its place as a status symbol among relatively affluent millennial and Gen Z consumers. For many young consumers, having an Amex rewards card is sort of like having a good, varied subscription service that runs them less than $60 a month. AdvertisementAll that aside, the Amex Platinum Card seems neat.
Persons: Gen Zers, youngs, it's, they'd, Amex, Zers, Gen X, Z, Steve Squeri, Jim Cramer, Gen Zs, Michael Miller, Uber, Miller, Daisy Hernandez, Guy, Stephen Biggar, Amex isn't, Chase Sapphire, I've, Emily Stewart Organizations: American Express, Express, Mastercard, Visa, American, CNBC, Morningstar Research, New York Times, Wall Street, Saks, Walmart, US, Argus Research, bodega, Business Locations: Coachella
He landed on an option that's becoming increasingly popular with top MBAs and entrepreneurs: launching his own search fund. AdvertisementHere are three reasons why he decided on a search fund:Shift in the search fund businessSingh graduated from Harvard's MBA program in 2022. "Historically, tech people have stayed away from search funds because it's not exciting to them," he said. These could be projects that convert on-premise software companies to cloud companies or projects that change one-time software purchases to yearly subscriptions. Singh said he knew of about 20 MBAs from his Harvard cohort who started search funds, out of about 800 in his class.
Persons: , Gaurav Singh, Singh, that's, he'd, wouldn't, Harvard Organizations: Service, Harvard Business School, Business, Stanford Graduate School of Business, Stanford, Investors Locations: Toronto, Stanford, Midwest
He landed on an option that's becoming increasingly popular with top MBAs and entrepreneurs: launching his own search fund. AdvertisementHere are three reasons why he decided on a search fund:Shift in the search fund businessSingh graduated from Harvard's MBA program in 2022. "Historically, tech people have stayed away from search funds because it's not exciting to them," he said. These could be projects that convert on-premise software companies to cloud companies or projects that change one-time software purchases to yearly subscriptions. Singh said he knew of about 20 MBAs from his Harvard cohort who started search funds, out of about 800 in his class.
Persons: , Gaurav Singh, Singh, that's, he'd, wouldn't, Harvard Organizations: Service, Harvard Business School, Business, Stanford Graduate School of Business, Stanford, Investors Locations: Toronto, Stanford, Midwest
Read previewThe great unbossing is underway, with companies cutting middle management positions. Cost cutting, Gen Z's distaste for management , remote working, and increased pressure on performance are all factors in why middle managers are finding their jobs are most at risk during layoffs. She said that not having a micromanager picking apart their work could benefit Gen Zers who don't feel they need to be "spoon-fed." Doing it rightThose who are skeptical of companies axing middle managers say it could mean junior staff won't receive the mentorship needed to climb the ladder. Camberato said staffers of all generations, from Boomers to Gen Zers, need to evolve, "especially as technology advances."
Persons: , Sophie O'Brien, O'Brien, Zers, micromanagers, they'll, We're, Catherine Rymsha, The University of Massachusetts Lowell, Rymsha, Joe Camberato, Camberato, Gen Zers Organizations: Service, Business, The University of Massachusetts, Business Capital, Boomers
Read previewSam Mitchell, 64, has a yearly income of below $30,000 a year from Social Security. It's a very different way of life from the corporate real estate job he had 15 years ago in Austin making six figures and owning five homes. "I am making a fourth of the money I was making in 2008, but nobody is going to do it." AdvertisementMoving to New York and FloridaTo start life anew, he bought a farm in Peru and built a small house. AdvertisementOnce Social Security payments kicked in, he relied on the $900 a month to get by.
Persons: , Sam Mitchell, they're, Mitchell, It's, Keller Williams, Austin, Sancho Panza, he's Organizations: Service, Social Security, Business, Social, University of Florida, South, Southwest, Austin City, Austin Locations: New York, Florida, Austin, Ithaca , New York, Atlanta, Santa Cruz , California, Costa Rica, South Austin, Peru, Ecuador, California , Oregon, Washington, BestBuy
Dacus receives $854 a month, and her husband receives $1,286 a month, according to documents reviewed by Business Insider. Additionally, her household qualifies for $23 a month in SNAP benefits to buy food. "If we worked a 40-hour week from Monday through Friday with my income, it would come out to like $2 an hour," she said, comparing her Social Security income to a full-time work salary. And, if lawmakers don't intervene, the US Social Security fund is expected to dry out by the late 2030s. Sometimes, Dacus has to request an advance on her Social Security check to buy food because her SNAP benefits aren't enough.
Persons: , Mary Dacus, Stephen, Dacus, ALICEs, — Dacus, we'll, Robinson Organizations: Service, Business, Income, Alliance for Lifetime, Survey, US Social Security, Medicare, SNAP, Social Security Locations: Robinson , Illinois, McDonald's, Blytheville , Arkansas, Dacus, Florida
Joshua Zitser/Business InsiderWhen Dascalescu, originally from Romania, moved to Mokošica in 2017 with his Croatian wife, Diana, buying a home in Dubrovnik wasn't financially viable. Now, Dascalescu and Marlais live on their own floor, beneath her brother and his children, who live beneath their parents. Joshua Zitser/Business InsiderThe popularity of this set-up comes down to price, according to a Croatian real-estate expert. AdvertisementPerhaps as a result, many Croatian millennials are stuck living at home well into their mid-30s — the highest average age in Europe. Given the lucrative potential of short-term rentals, Croatian homeowners might also be building rooftop apartments for tourists, to generate extra income, he added.
Persons: , Bogdan Dascalescu, Dascalescu, Joshua Zitser, Diana Marlais, Diana, Marlais, Bogdan Dascalescu's, Filip Brkan, Brkan, Ivan Vukovic, Nenad Lipovac, Lipovac, there's Organizations: Service, Business, Real Estate Business Association of, Croatian Chamber, Eurostat, UNESCO, University of Zagreb, BI Locations: Dubrovnik, Old Town, Mokošica, Independence, Romania, Croatian, Dubrovnik wasn't, Marlais, Croatia, Europe
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. When it comes to teen relationships and dating, I'm only too happy to admit that I don't know much about any of it. However, he is happy to talk about his feelings and the nature of high school relationships in the first place (six months is a really, really long time for one to last, he says). For some of us, nearly everything we do is different because of a small device we can hold in our hands. Who wants two bored teens who are attracted to one another hanging out alone for hours with nothing to do?
Persons: I'm, Noel Gallagher, , I've, that's, he's, X, it's Organizations: Service, Survey Center Locations: United States
Read previewArielle Francois, 24, would tell her past self it's fine to be nervous about making the move from South Florida to Dallas. Francois moved to Florida from Haiti because of the earthquake in 2010. Beyond scrolling through social media posts and apartment sites, there are also rent and costs to think about. Additionally, Francois said she feels it's more affordable to live in Dallas than South Florida for someone her age. "Because South Florida is so close to Haiti, you'll find a huge population of Haitians in South Florida," she said.
Persons: , Francois, hadn't, Arielle Francois Francois, Dallas, hasn't, Dallas I'm, you'll Organizations: Service, Business, Dallas, PMG, Facebook Locations: South Florida, Dallas, Miami, Florida, Haiti, Texas, PMG, Smart, Caribbean, Little Haiti
New Cracker Barrels might be smaller restaurants altogether, with menus that include new items like green chili cornbread and banana pudding. Discounted dinner from 4 to 6 p.m.Why would Cracker Barrel, so desperate for relevancy, lean into a tactic typically used to attract senior citizens? A woman eats lunch at Cracker Barrel. Masino didn’t explicitly mention the specials during the discussion about the long-term strategy for Cracker Barrel. To compete in this environment, Cracker Barrel realizes it has to offer some type of deal.
Persons: Julie Felss Masino, ” Masino, , Jeff Greenberg, Baby, Masino, Lisa W, Miller, RJ Hottovy, It’s, , John A, Gordon Organizations: New, New York CNN, Universal, Getty, Baby Boomers, Miller & Associates, Street Journal, Pacific Management Consulting Group Locations: New York, The Tennessee, Placer.ai
"It's great, but it takes an effort," Samtur told Business Insider. That means that right now, Gen Z and baby boomers, in particular, might be experiencing a strange juxtaposition: They're happy and lonely at the same time. "So people feel maybe a little less happy with their lives in midlife, but it doesn't mean you're also feeling lonely." "Overall, people tended to be more lonely, just persistently lonely, if they had less education, had lower income, and poor health," Graham said. Some Gen Zers pay for social connections through activities like fitness memberships.
Persons: Harry Samtur, Samtur, doesn't, Gen, Eileen Graham, Graham, Donna Basztura, Basztura, , she's, we've, Batszura, Zers, didn't, Preeti Malani, Joan Hendrix, couldn't, I've, Hendrix Organizations: Service, Business, Northwestern University, Gallup, Harvard Graduate School of Education, University of Michigan Locations: Minnesota, Germany, Australia, midlife, Florida
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