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☆ Loyalty at work no longer pays — and it's employers who are to blame
▼ + stars: | 2024-05-31 | by ( Steven Piluso | ) www.businessinsider.com time to read: +7 min

I got an early impression of what company loyalty was supposed to beAfter college graduation at age 22, I got my first job at an advertising agency. And you didn't worry about jumping around for money; if you took care of the company, they'd take care of you and your family." AdvertisementHe gave them 40+ years of his life, and in return they took great care of him. The broken loyalty contract between employers and workers can be repairedIs loyalty a dated and dead concept? In fact, the shift in values from Gen-X to millennials and Gen-Z creates a great opportunity to ignite loyalty.

Persons: —, I've, I'd, He'd, who'd, Gen X, Steven Piluso Organizations: Service, Business, Fortune Locations: Nantucket, Vermont

☆ Gen Z is finding career advice, dream jobs and even getting hired on TikTok: It's 'the most accessible resource'
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: +9 min

CNBC Make It explores how Gen Zers are really putting their mark on career advice, office culture and more. But it's also become a popular destination for young jobseekers seeking career advice and opportunities. Much of the career advice on TikTok echoes the tips shared in podcasts, YouTube videos and LinkedIn thought pieces. The career confidante for Gen ZTikTok is often the first place Grace Dunlavy will go for career advice. The drawbacks of getting career advice on TikTok

Persons: Jade Walters, Gen, Zers, Baron Leung didn't, Leung, Weeks, TikTok, Baron Leung, it's, jobseekers, Z, Joe Biden, It's, Walters, I've, Gen Z, Grace Dunlavy, Dunlavy, New York — Organizations: TikTok, CNBC, LinkedIn, Zenith, Pew Research Center, Howard University, Saint Louis University Locations: Toronto, U.S, Chicago, New York

☆ Gen Zs are spending big to travel this summer — even if it means going into debt
▼ + stars: | 2024-05-30 | by ( Monica Pitrelli | Harriet Akinyi | ) www.cnbc.com time to read: +3 min

Gen Zs are set to make the biggest splash this summer, with surveys showing they are upping their vacation plans and spending more than older travelers. The survey of more than 2,000 Americans showed Gen Zs are planning to travel for longer periods and to take more expensive vacations at higher rates too. But how Gen Zs — often defined as those born between 1997 and 2012 — plan to fund their travels differs from other age groups too. Roeschke also noted that Gen Zs will spend time finding ways to trim travel costs, rather than canceling or postponing their trips. Using debt to finance summer tripsStill, 42% of Gen Zs and 47% of millennials say they plan to use debt to finance their summer trips, according to a survey by the financial services company Bankrate.

Persons: Gen Zs, Gens Z, Zs, millennials, Gen Xers, Zs —, Lindsey Roeschke, Zers, Roeschke, Ted Rossman, Rossman Organizations: Bank of America, CNBC Locations: United Kingdom, India, Germany, China

☆ Middle-class Gen Xers are facing a new retirement challenge: Their student loans
▼ + stars: | 2024-05-30 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Using data from the Fed's Survey of Consumer Finances, the analysis finds that over a million Americans ages 55 to 64 are holding student loans, or have spouses with loans. There are a range of reasons why older borrowers might be struggling to pay off their student loans. Millennials are most likely to hold student debt with an average balance of about $35,000, and while fewer Gen Xers have student debt, their average balance is higher at about $48,000, according to TransUnion. Provisions are being rolled out by President Joe Biden's Education Department that could ease the burden of student debt on older borrowers. AdvertisementAre you a Gen Xer with student debt who is worried about retirement?

Persons: Gen Xers, Xers, Joe Biden's Organizations: Service, School's Schwartz, for Economic, Business, Fed's Survey, Consumer Finances, Social Security, Democratic, Joe Biden's Education Department, Public, Education Department Locations: Fed's

☆ Baby boomers redefining travel: Here's what to know
▼ + stars: | 2024-05-30 | by ( Seema Mody | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBaby boomers redefining travel: Here's what to knowCNBC's Seema Mody reports on news from the travel industry.

Persons: Seema Mody

☆ Meet the Gen Zers maxing out their retirement savings: 'It's no longer chasing money; it's chasing time'
▼ + stars: | 2024-05-29 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +4 min

And she's part of a growing class of Gen Z retirement super-savers. Many are concerned about stagnating wages in an era of skyrocketing costs of living, says Paloma Thombley, chief human resources officer at Handshake, the jobs site for college students and new grads. Gen Z prioritizes retirement benefitsGenesis Hinckley, 27, works as a business analyst for Google in Boulder, Colorado. 'It's no longer chasing money; it's chasing time'Anxiety aside, many Gen Zers see super-saving for retirement as a way to take control over an uncertain future when the built-in support systems are lacking. They learned when it makes sense to invest in a plan pre- or post-tax, how to actually invest your retirement money, and the value of compound interest.

Persons: Lillian Zhang wasn't, Zhang, Gen, Gen Zer, millennials, Gen Xers, Paloma Thombley, Zers, Thombley, Lillian Zhang, isn't, Z, Genesis Hinckley, Hinckley, Roth, TikTok Organizations: IRA, Northwestern Mutual, Social Security, Google, Genesis, YouTube Locations: Boulder , Colorado

☆ The generation that may never retire: Why some millennials are behind on savings — and how they can catch up
▼ + stars: | 2024-05-29 | by ( Jacob Zinkula | William Edwards | ) www.businessinsider.com time to read: +14 min

However, the average millennial reported roughly $63,000 in retirement savings so far. While millennials will need more money to retire comfortably, many are far away from the savings milestone experts suggest. What's more, the future of the US Social Security system is uncertain, and longer expected lifespans — while a positive development — will require more retirement savings. How to figure out how much retirement savings you needTiffany Bell, a 36-year-old business management professional based in Houston, didn't always take retirement savings seriously. How millennials can get their retirement savings back on trackWhile some millennials are struggling financially, it's not all doom and gloom when it comes to their retirement prospects.

Persons: Nathaniel Hudson, Hartman, millennials, Tiffany Bell, didn't, Bell, she's, they're, Chris Chen, Chen, Judi Leahy, it's, Leahy, NerdWallet, Bell —, —, X, What's, Nilay Gandhi, Roth, Rita Assaf, Assaf, Gandhi Organizations: Business, Northwestern Mutual, Pew, US Social Security, Fidelity, Financial, Citi, Wealth Management, Vanguard, Big, CFP, Roth IRA, Fidelity Investments, Savings, Hudson Locations: Portland, Houston, New York, Montana

☆ For some millennials, the reality of their retirement plans is that they're a fantasy
▼ + stars: | 2024-05-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The documentary chronicles the rise and fall of the movie-ticket-subscription company MoviePass, and is based on award-winning reporting from Business Insider . The big storyRetirement mathGetty Images;Alyssa Powell/BIFor some millennials, the reality of their retirement plans is that they're a fantasy. AdvertisementIt's not the first time we've gotten troubling data about millennials' retirement plans. But it's not just a lack of savings working against millennials' plans of riding off into the retirement sunset. AdvertisementAnd if you're hoping for a Hail Mary in the form of a fat inheritance to jumpstart your retirement plans, that's not looking great either.

Persons: —, MovieCrash, Alyssa Powell, Jacob Zinkula, William Edwards, we've, it's, millennials, Hail Mary, that's, Juliana Kaplan, It's, Johannes Simon, Neel Kashkari, Sam Altman, Justin Sullivan, Oliver Mulherin, Scarlett Johansson, Altman, Jensen Huang, Adam Neumann, Neumann, WeWork, Moviegoing, there's, BI's Peter Kafka, Sheryl Sandberg, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Max, Business, Hail, Reserve Survey, Consumer, Wall, Minneapolis, UBS, Google, Nvidia, BI, Hollywood, HP Locations: Swiss, BI Denmark, New York, London

☆ For Millennials, Living Alone Is Status Symbol Milestone
▼ + stars: | 2024-05-25 | by ( Juliana Kaplan | Rosalie Chan | ) www.businessinsider.com time to read: +14 min

That's helping establish a new millennial milestone for some: Ditching roommates, moving out from the family home, and landing on living alone. Business Insider's analysis of American Community Survey microdata from IPUMS found that 10.5% of millennials lived alone in 2022. Per BI's analysis of American Community Survey data via IPUMS, 16% of millennials lived with at least one parent as of 2022. (The data doesn't specify if that means they're living with their parents or if their parents are living with them.) Subsidized solo livingSome lower-earning millennials are able to get assistance reaching the solo-living milestone — but it's not always easy.

Persons: Jess Munday's, Jess Munday's San Francisco, Munday, " Munday, I'm, it's, IPUMS, millennials, Bella DePaulo, they've, DePaulo, she'd, Jess Munday, Dara Feller, Aria Velasquez, they're, " Velasquez, Velasquez, Erica Charles, she's, Charles, Rick Fry, Fry, She'd, She's, Clibborn, Sydney Krantz, He's, —, homeownership Chaz Zimmer, Chaz Zimmer, Adrianna Newell, Tomasz Piskorski, Piskorski, Zimmer hasn't, Zimmer, he's, James Paniagua, Paniagua, snagging, Julia Mazur, Kathy Pierre, Pierre Organizations: Business, American, Survey, Pew, BI Garak, BI, Subaru, Columbia Business School Locations: Jess Munday's San, Francisco's, San Francisco, Chicago, Washington ,, IPUMS, Florida, California, Waverly , New York, homeownership, Oakland , California, Los Angeles, Oakland, London, Austin, Charlotte , North Carolina, Charlotte

☆ The 'Oracle of Wall Street' shares a secret sign of economic strength 'hiding in plain sight': Young Americans are outspending cash-poor baby boomers
▼ + stars: | 2024-05-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Younger Americans are finally outspending baby boomers, former Wall Street bank analyst Meredith Whitney recently noted. That's an encouraging sign for the US economy, which most economists believe is healthy, though some bearish prognosticators have serious doubts. There are several possible explanations for these findings and numerous takeaways from them, the "Oracle of Wall Street" said. However, young Americans' spending power shouldn't be discounted, as Whitney suggested that they command relatively high salaries since they attend college at higher rates. A continued economic expansion would be especially crucial for Gen Zers and millennials, who are entering the workforce or establishing their careers.

Persons: —, Meredith Whitney, That's, Whitney, Zers, relaunching, boomers, it's, Gen Zers Organizations: Service, Business, Meredith Whitney Advisory Group, Target, Starbucks, BI, Walmart, American, American Express Locations: Street

☆ Record number of 401(k) savers have balances over $1 million
▼ + stars: | 2024-05-24 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

New York CNN —They are still a very small minority in the 401(k) universe, but there were a record number of 401(k) participants with balances over $1 million at the end of the first quarter this year, Fidelity Investments said Thursday. Fidelity is one of the largest providers of workplace retirement plans, and its 401(k) data is based on more than 23 million plan participants. The average balance for the so-called 401(k) “millionaires” came to $1,580,000, up from $1,551,300 in the fourth quarter, a Fidelity spokesperson said. Other 401(k) participants also saw increases in their balances in the first quarter. The average savings rate hit a record 14.2%, including employer matches, and is very close to the recommended 15% savings rate from Fidelity and retirement savings experts.

Persons: ”, ” Fidelity, “, Gen Xers Organizations: New, New York CNN, Fidelity Investments, Fidelity, Bloomberg, ”, Boomers, Pensions, Federal Locations: New York, United States

☆ Nearly 70% of Gen Zers are freelancing or plan to—'I never considered applying to a job'
▼ + stars: | 2024-05-24 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

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. Gen Zers, defined as people born between 1997 and 2012, are rethinking what it means to enter the workforce. A majority, 70% are currently freelancing or plan to in the future, according to a February 2024 Fiverr survey of 10,033 Gen Zers from around the world. More than half, 53%, of Gen Zers work full-time hours on freelance projects, according to a May 2024 Upwork survey of 1,070 Gen Zers.

Persons: Gen, Zers, They're, Upwork's, Kate Brunotts Organizations: CNBC Locations: New York

☆ Corporate America is going through a middle-management meltdown
▼ + stars: | 2024-05-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Middle managers are becoming an endangered species in Corporate America, with some companies viewing the role as obsolete , writes Business Insider's Lindsay Dodgson. Remote work, tech efficiencies, and a general push to cut costs have contributed to middle managers' demise. It's a strategy Corporate America, particularly Big Tech, deployed in 2023. The "year of efficiency," as Mark Zuckerberg dubbed it, was all about flattening organizations, and middle managers were the ones getting squished . The death of middle managers could also fuel the current dismantling of another cohort: the middle class .

Persons: —, Brooks Kraft, Insider's Lindsay Dodgson, millennials, Gen Zers haven't, Robyn Phelps, they're, Mark Zuckerberg, Gen, Jeffrey Gundlach, we're, Blackstone, Abanti Chowdhury, Jensen Huang, Hopper, Blackwell, Lilit, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Brooks Kraft LLC, Getty, America, Big Tech, Citi, Street Journal, KKR, Meta, Google, Nvidia, Paragon Intel, National Association of Realtors, FAA Locations: Corporate America, millennials, New York, London

☆ Baby boomers have been America's secret weapon for fending off recession
▼ + stars: | 2024-05-22 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Read previewTalks of a looming recession are flaring across Wall Street, but the savings war chest of baby boomers has staved off a US downturn. AdvertisementInstead, only the goods sector has shown signs of a growth recession, Yardeni said. But that's after the lockdown's hard-to-beat buying spree; today, goods spending remains at a record high when adjusted for inflation. Related storiesBut to Yardeni, they're the reason no consumer recession has appeared in the past two years, he separately wrote in April:"The Baby Boomers watched a lot of 'Star Trek' during the 1960s. AdvertisementMeanwhile, the baby boomer focus on service spending may also have deformed indicators, making things look gloomier than they are.

Persons: —, Ed Yardeni, Yardeni Organizations: Service, Business, Financial Times, Boomers

☆ The Dow is set to surge 50% by 2030 as the 'roaring 20s' are alive and well for stocks, market vet says
▼ + stars: | 2024-05-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

With the stock market trading at record highs, the "Roaring 20s" thesis is alive and well. That's according to Ed Yardeni, who expects the Dow and S&P 500 to soar 50% by 2030. "That target could be achieved with a forward P/E of 20 and forward earnings at $400 per share," Yardeni said. AdvertisementWith stocks trading at record highs, the "Roaring 20's" bull thesis remains intact, according to market veteran Ed Yardeni. AdvertisementForward S&P 500 earnings per share hit $257.20 last week, and analysts currently estimate that S&P 500 EPS will rise to $278 in 2025 and $313 in 2026.

Persons: Ed Yardeni, Yardeni, —, Eric Wallerstein, Wallerstein Organizations: Dow, Service, Dow Jones Industrial, CNBC, Yardeni Research

☆ Opinion | Student Activism Over Gaza: Admirable or Ill Informed?
▼ + stars: | 2024-05-21 | by ( ) www.nytimes.com time to read: +1 min

Re “Dear Boomers, the Student Protesters Are Not Idiots,” by Elizabeth Spiers (Opinion guest essay, nytimes.com, May 17):Ms. Spiers’s characterization of the student protests misses the mark. As a recent college graduate myself, I don’t disagree that college students “are capable of having well thought-out principles,” but the principles underlying these protests are troubling. Ms. Spiers alludes to my generation possessing elevated moral sensibilities due to our experience with mass shootings. If these chants are part of well thought-out principles and not naïveté, then it behooves us to scrutinize the moral framework that informs these principles. Why is it that these protests project outrage toward Israel’s conduct in the war but conveniently elide the horrific details of Oct. 7?

Persons: Elizabeth Spiers, Spiers, “, Bret Stephens Organizations: Boomers, “

☆ Trump removes video referencing ‘unified Reich,’ but his Nazi allusions are long-standing
▼ + stars: | 2024-05-21 | by ( Stephen Collinson | ) edition.cnn.com time to read: +6 min

CNN —Donald Trump dabbles in Nazi allusions too often for it to be a coincidence. But the term “Reich,” which means a kind of empire, is also synonymous with the later Third Reich of Adolf Hitler’s Nazi Germany. Some of Trump’s rhetoric suggests an ignorance of history and his own self-obsession. Some of Trump’s rhetoric seems designed to get a rise from his opponents and the media. And as extreme as a second Trump term might be, the Nazi Germany comparison feels extreme.

Persons: Donald Trump dabbles, Reich, Adolf Hitler’s, Trump, Joe Biden, Hitler, Mein, hasn’t, Donald Trump’s, Donald J, Trump Trump, John Kelly, CNN’s Jim Sciutto, Powers, ” Kelly, “, ’, ” Sciutto, Kelly, Steven Cheung, John Bolton, He’s, Biden, ”, Viktor Orbán, Vladimir Putin’s Organizations: CNN, GOP, Trump, Truth, White House, Nazi, Baby Boomers Locations: Adolf Hitler’s Nazi Germany, Gestapo, United States, Charlottesville , Virginia, Boston, Nazi Germany, Hungarian, Russian, Ukraine, Israel, Gaza, Eastern Europe, Nazi, Normandy

☆ Gen Z to older workers: We're just like you
▼ + stars: | 2024-05-21 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

The study defined Gen Z as those born between 1997 and 2012, but the research involved only Gen Zers already in the workforce, not those still in school. In its interviews, 51% of Gen Zers said salary was the most important part of a job, whereas 47% of older workers said the same. BI recently reported that more than half of Gen Z and millennial workers are living paycheck to paycheck. In the survey, 33% of Gen Z workers told researchers they expect to be promoted to leadership roles at their company, compared with only 19% of older workers. And 44% of Gen Z workers want to be in charge of others versus only 27% of those outside that generation.

Persons: —, Zers aren't, Gen Zers, aren't, Zers, Jon Veasey, Zer, Young, Deters, Gen, Gen Z, We're, Z Organizations: Service, Business, —, KPMG US Locations: Veasey

☆ 60% of Americans say reaching this milestone makes them financially successful—it's not becoming a millionaire
▼ + stars: | 2024-05-21 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Most Americans don't think they need to be millionaires in order to achieve financial success. Fewer than 20% of Americans define being "financially successful" as "being a millionaire," according to Bankrate's 2024 Financial Success survey. Nearly 60% of Americans say they would feel financially successful if they were able to "live comfortably," according to the survey. "Salary is often not the best barometer for financial success," Foster says. Increased prices for everyday necessities such as food and housing may also shape the way Americans picture financial success.

Persons: Gen, Sarah Foster, Bankrate's, wouldn't, Foster Organizations: Millionaires, CNBC Locations: U.S

☆ After my boomer husband retired, we moved to a bigger house. We now have space for our hobbies and grandchildren to visit.
▼ + stars: | 2024-05-21 | by ( Melody Wren | ) www.businessinsider.com time to read: +5 min

We lived in a large house built in 1870 in the center of town. AdvertisementWe have space to embrace hobbies and passionsWe now have space to do all the things we love, but didn't have space before. In our bigger house, my husband now has a full workshop to fulfill his dream of doing woodworking. There is a finished basement and a nice backyard with a hot tub to soothe my rheumatoid arthritis. The hot tub adds to the enthusiasm of the grandkids visiting, treating it like a pool.

Persons: — Organizations: Service, Business

☆ 1 in 3 millennials, Gen Zers plan to tap into retirement savings to buy a home. They 'really shouldn't,' advisor says
▼ + stars: | 2024-05-21 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Some young retirement savers say they might raid their 401(k) accounts to buy a home. To compare, only 25% of Gen X homebuyers and 16% of baby boomers plan to withdraw retirement funds for a home. "You really, really, really, really shouldn't be taking out your retirement for a house," said Stacy Francis, a certified financial planner and president and CEO of Francis Financial in New York City. Generally, early withdrawals from retirement accounts can trigger taxes and a 10% penalty, unless the account owner meets a listed exception. For both individual retirement accounts and 401(k)s, qualifying first-time homebuyers may be able to take up to $10,000 penalty-free.

Persons: Zers, X homebuyers, Stacy Francis, Roth, Francis Organizations: Real, BMO Financial Group, BMO, Francis Financial, Finance, CNBC Locations: Millennials, New York City

☆ As their customers age, Macy's, Kohl's and Nordstrom are chasing younger shoppers
▼ + stars: | 2024-05-20 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

In this article JWNKSSM Follow your favorite stocks CREATE FREE ACCOUNTSignage of Macy's, Kohl's and Nordstrom retail stores. Department stores like Macy's , Kohl's and Nordstrom face an existential crisis, as they try to persuade investors to bet on their futures while sales slow and their core customers age. Melissa Repko | CNBCTo attract younger shoppers, Kohl's is adding trendier clothing for teens, opening more Sephora shops and bulking up its baby department. At the same time, Macy's is trying to go where younger shoppers are, including suburban strip malls and beauty aisles. The company plans to open up to 30 of its smaller off-mall Macy's stores over the next two years.

Persons: hasn't, Nordstrom, Oliver Chen, Cowen, Chen, Kohl's, Melissa Repko, Tom Kingsbury, Maxx, Kingsbury, Macy's, It's, Tony Spring, He's, TD Cowen's Chen, Scott Olson Organizations: Nordstrom, Getty Images Department, Department, Wall, Baby Boomers, Boomers, CNBC, Target, Costco, Getty Locations: Kohl's, Macy's, Sephora, Bluemercury, Bloomie's, Zara, Chicago , Illinois

☆ Gen Z bosses on the 6 misconceptions people have about them in the workplace: ‘We see these stereotypes getting in the way’
▼ + stars: | 2024-05-20 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +8 min

In 2024, Gen Z workers are expected to outnumber baby boomers in the American labor force for the first time. Gen Z workers know what their bosses are saying about them, and they'd like to have a word. Some leaders even go as far as saying they avoid hiring Gen Z workers, who are as old as 27 this year. Myth: Gen Z is asking for too muchMany leaders think Gen Z are entitled not just in their earning power, but what they expect out of work in general. Myth: Gen Z workers will quit because they're disloyalIt's long been true that early-career professionals are more likely than seasoned workers to change jobs quickly.

Persons: Gen, Zers, Z, Keely Antonio, Baby Boomers, Gen Z, Antonio, Ziad Ahmed, Ahmed, Booth, I'm, Ziad Ahmed Head, They're, they're Organizations: CNBC, Baby, JUV Consulting, Fortune, United Talent Agency, UTA Marketing Research, Workers

☆ How Red Lobster’s misguided endless shrimp promotion drove it into bankruptcy
▼ + stars: | 2024-05-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Red Lobster filed for bankruptcy Sunday, and the bankruptcy filing sheds new light on Thai Union’s role in the endless shrimp mishap. Red Lobster said it is investigating the circumstances of that promotion, which Red Lobster management opposed. Michael Nagle/Bloomberg/Getty Images“This decision created both operational and financial issues for [Red Lobster]… saddling the company with burdensome supply obligations” to Thai Union, Red Lobster said in the filing. “Certain operational decisions by former management have harmed [Red Lobster’s] financial situation in recent years,” Red Lobster said in its bankruptcy filing. Red Lobster stallsBut Red Lobster fell behind its sister brand Olive Garden under Darden.

Persons: Michael Nagle, ”, Alex Susskind, Susskind, General Mills, Bill Darden, Charley Woodsby, Darden, ” Woodsby, Jonathan Maze, Betty Crocker, Red, Mills, Cyrus McCrimmon, ” Joe Lee, Olive, Red Lobster’s, “ Darden, ” Les Foreman, Anthony Behar, SIPPL, AP Darden, they’ve, John Gordon, “, Patrick T, Fallon, Thiraphong Chansiri, ” “, ” Chansiri Organizations: New, New York CNN, Union became Red, Thai Union, Red Lobster, Bloomberg, Getty, Cornell University, CNN, Baby Boomers, General, Howard, Restaurant Business, Darden, Lobster, Denver Post, Harvard Business School, Longhorn, AP, Gate, ‘, Thai, Getty Images Thai Union, ” Thai Locations: New York, Thai Union, Bangkok, Thai, underinvestment, Lakeland , Florida, Orlando, America, Olive, Square , New York, Sale, Torrance , California, AFP

☆ My baby boomer parents gave great financial advice. They helped me open a checking account at 13 and taught me the value of saving.
▼ + stars: | 2024-05-19 | by ( Sandrine Jacquot | ) www.businessinsider.com time to read: +4 min

There's so much personal finance advice out there, but as I settle into adult life, I rely more and more on the fundamentals my parents taught me. They taught me to save what I earnedIt's undisputed that saving money is smart, and it's true that you can find this particular financial advice anywhere. But this is another one of the key money lessons my baby boomer parents taught me. Being economical often gets a bad rap, but I think it's one of the most valuable money habits my baby boomer parents instilled in me, especially given the cost of living today. Now that I'm older and have more expenses, my experience and relationship with money influenced by my baby boomer parents have hopefully set me up for success.

Persons: I've, — Organizations: Service

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