DIRS.INFO The most relevant business & tech news

☆ Ready or not, the youngest boomers are retiring
▼ + stars: | 2024-04-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementThe majority of so-called "peak boomers" have $250,000 or less in assets , according to a recent report, write Juliana Kaplan and Ayelet Sheffey. If you're a bit surprised by the dire economic situation of peak boomers, I wouldn't blame you. Older boomers had the benefit of employer-subsidized retirement plans before a shift in the workforce left younger boomers to fend for themselves. Alistair Berg/Getty ImagesPeak boomers' retirement struggles might end up being a wake-up call for younger generations. There will be plenty of lessons learned from peak boomers entering retirement without the safety net of a pension.

Persons: —, blowup Jacob Wackerhausen, Jenny Chang, Rodriguez, Juliana Kaplan, Ayelet Sheffey, that's, we've, boomers, Alistair Berg, Xers, Gen Zers, Bryan Erickson, Jane Street, Chowdhury, Elon Musk, they'd, Tesla, Tony Stubblebine, Nick Little, Dani Widell, BI's Emily Stewart, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Social Security, Security, Google, Wall Street, JPMorgan, Detroit Police Department, Tesla, BI, Verizon Locations: Covid, China, Europe, Airbnb ., America, New York, London, Chicago

☆ Gen Xer Got $250K in Student Loans Forgiven After Decades of Payments
▼ + stars: | 2024-04-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Joel Lambdin finished graduate school in 1998 — but as a professional musician, he was hardly making enough money to pay off his student loans and his other bills. So Lambdin, now 49, said his only option to make ends meet was to put his student loans on forbearance — in which he was not making payments, but interest was still accumulating. But he grew to realize that the only way he could make a significant dent in his student loans was by switching careers. The Biden-Harris Administration has forgiven your federal student loan(s) listed below with Aidvantage in full." When it comes to student-loan forgiveness, some borrowers told BI that their servicer made a mistake with the forgiveness, reinstating their payments months later.

Persons: Joel Lambdin, Lambdin, Aidvantage, Harris, I've, servicers, he's Organizations: Service, Business, Public, BI, Harris Administration, Education Department, The Education Department Locations: forbearance, India

☆ Cher, Dave Matthews Band and A Tribe Called Quest Join Rock Hall of Fame
▼ + stars: | 2024-04-21 | by ( Ben Sisario | ) www.nytimes.com time to read: +1 min

Cher, Ozzy Osbourne, Peter Frampton and Mary J. Blige are part of the Rock & Roll Hall of Fame’s class of 2024, along with Dave Matthews Band, Kool & the Gang, Foreigner and A Tribe Called Quest, the hall announced on Sunday. The latest crop of stars will officially join the pantheon in a ceremony on Oct. 19 at Rocket Mortgage Fieldhouse in Cleveland, where the hall’s affiliated museum is also located. Of those artists, four were elevated to the hall on their first nomination: Cher, Foreigner, Frampton and Kool & the Gang. Osbourne was nominated for the first time as a solo act, though he had joined the hall as part of Black Sabbath in 2006. The Rock Hall has come under increasing pressure in recent years to diversify its ranks with more women and artists of color, and has made progress in that regard, though some critics say it is not enough.

Persons: Cher, Ozzy Osbourne, Peter Frampton, Mary J, Blige, Dave Matthews, Osbourne, Frampton, Foreigner, X, Matthews Organizations: Roll, Rocket Mortgage, Kool Locations: Cleveland

☆ A millennial couple considered hundreds of houses — then spent $150,000 on a falling-apart Victorian sight unseen. They think it's worth it.
▼ + stars: | 2024-04-16 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Read previewEvy Rivera and Jacob Evans were looking to put down roots when they found their dream fixer-upper. AdvertisementAfter watching the series, Rivera and Evans fell in love with the idea of renovating a dated property while maintaining its integrity. "We had seen quite a few Victorian homes already in other parts of New York," Rivera said. Evy Rivera and Jacob Evans bought a Victorian home from the 1800s. Evy Rivera and Jacob Evans"It's not a glamorous life at all," Rivera said of restoring their home.

Persons: —, Evy Rivera, Jacob Evans, Rivera, Evans, Jacobs, Dwight Reynolds, It's, They've, They're, it's Organizations: Service, Business, HGTV Locations: Denver, Florida, Instagram, New York, Pennsylvania, Earlville , New York

☆ Olivia Rodrigo's guest appearance with No Doubt at Coachella proves the Gen Z artist is carrying a torch for Gen X
▼ + stars: | 2024-04-15 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Gen X musicians often inspire Rodrigo's music. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Rodrigo has long paid dues to her Gen X predecessors, calling them a huge inspiration to her music. On her most recent album, "GUTS," the singer told Rolling Stone that she tapped into tunes from the all-woman ensemble Babes in Toyland to help craft "All-American Bitch" — a song questioning misogynistic expectations. It's clear that she's gaining some street cred among Gen X: Of course, she is buddies with Stefani.

Persons: Olivia Rodrigo, Gwen Stefani, Rodrigo, Stefani, Gen, —, It's, Willow, Jada Pinkett, Smith, Alanis Morissette's, Rodrigo's, Fiona Apple, Rolling Stone, Billie Joe Armstrong, Jack White, White, She's Organizations: Service, Nylon Magazine Locations: Coachella

☆ 6 people who made up to $500,000 a year secretly working multiple remote jobs share why they don't feel guilty — and why there's nothing wrong with 'overemployment'
▼ + stars: | 2024-04-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

Read previewIf you could double your income by secretly working multiple remote jobs, would you do it? The share of US remote job postings on LinkedIn fell from over 20% in April 2022 to about 10% in December 2023. AdvertisementWilliam, a Texas-based tech worker in his 30s who told Business Insider he earned over $500,000 in 2022 secretly working multiple remote roles, agreed with this line of thinking. Steven said he didn't feel guilty about job juggling because he was still able to complete all the duties and tasks assigned to him. AdvertisementAre you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?

Persons: —, jugglers, shouldn't, they're, There's, Joseph, hadn't, Joseph isn't, Robert, John, he'd, there's, it's, Steven, overemployment, William, Justin, Xer Organizations: Service, Business, LinkedIn, Amazon, Google, Elon Locations: Florida, California, Asia, Texas

☆ Royal Caribbean's family-friendly private island is about to get more crowded with Gen Xers
▼ + stars: | 2024-04-11 | by ( Brittany Chang | ) www.businessinsider.com time to read: +5 min

Read previewRoyal Caribbean's family-friendly private island is about to get a bit more crowded — with Gen Xers. Royal Caribbean's private island is a tropical dream for cruising families dotted with sprawling beaches, clubs, a zipline, and a waterpark. Royal Caribbean goes after multi-generational families, while Celebrity's target demographic is Gen Xers, Lisa Lutoff-Perlo, the then-CEO of Celebrity Cruises, told Business Insider in 2021. Celebrity sails to 300 ports on all seven continents — why this sudden push for the private Caribbean island? Brittany Chang/Business InsiderBut for the two brands' parent company, there are more benefits to private island cruising besides guest satisfaction.

Persons: —, Gen Xers, Gen X, Brittany Chang, Xers, Lisa Lutoff, Michael Bayley, CocoCay, Patrick Scholes, Bayley Organizations: Service, Cruises, Royal, Business, Royal Caribbean Group, Apex, Celebrity Cruises, Royal Caribbean International, Truist Securities, Coco Locations: CocoCay, Fort Lauderdale , Florida, Royal Caribbean, that's, Royal, Caribbean, Brittany, cabanas

☆ Gen Z is full of financial angst despite inheriting a golden labor market
▼ + stars: | 2024-04-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Compared with Millennials, especially, who entered the workforce in the Dark Ages known as the Great Recession, the Gen Z experience is a dream. But Gen Z isn’t having an easy go of it either. Gen Z hasn’t had a chance to get a foot in the door. “Many Gen Zers also indicated their first step in managing behavioral-health challenges was going to TikTok or Reddit for advice,” the report said. It’s hard to blame them: Many in Gen Z had their formative school years blown up by a global pandemic.

Persons: CNN Business ’, Z, Zers —, ” Brendan Duke, they’re, haven’t, ” Duke, “, Z hasn’t, Duke, ‘, ”, Gen Zers, Zers, Gen Z, that’s, that’ll, We’re, X, Charles Schwab Organizations: CNN Business, New York CNN, Boomers, Center for American, Federal Reserve, McKinsey, Bloomberg Locations: New York

☆ I'm Gen Z, and my parents are baby boomers. We didn't have much in common, but I'm grateful for what they taught me.
▼ + stars: | 2024-04-07 | by ( Sandrine Jacquot | ) www.businessinsider.com time to read: +5 min

My parents were born toward the end of the baby boomer years and had me, a Gen Zer, when they were both 43. It wasn't until I was older that I truly understood the age difference between my parents and those of my classmates. Sandrine Jacquot says her parents were older than many of the parents of her peers. I was also encouraged to read a lot and do my best in school, which was highly important for my baby boomer parents. My maturity has helped me get to where I am today, and much of it can only be attributed to being raised by baby boomer parents.

Persons: I'm, weren't, Sandrine Jacquot, I'd, boomer Organizations: Service Locations: Italy

☆ Gen Zers, take note: Some boomers have found a simple path to happiness
▼ + stars: | 2024-04-06 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Loneliness and happiness are often related, and people of all ages have been battling those issues for years. The World Happiness Report, released in March, delved further into how people of all generations are experiencing loneliness and happiness globally. And when it comes to loneliness in the US, the younger generations were hit the hardest. This is despite the fact that actual social connections are much more frequent for Millennials than Boomers, and about as frequent as for Generation X." AdvertisementThe focus on meaningful connections might just be what splits older generations from younger generations when it comes to happiness.

Persons: —, Millennials, Preeti Malani, Malani, Zers, it's, Susan Skinner, Louis, That's, Xers, Maria Maki, Maki Organizations: Service, Business, Boomers, University of Michigan, Louis Federal, Equity Locations: North America

☆ As Gen X-ers Inch Toward Retirement, They’re Considering Where to Live
▼ + stars: | 2024-04-06 | by ( Gregory Schmidt | ) www.nytimes.com time to read: +1 min

But as the children became adults and moved out, the second floor was deserted and maintaining the lawn and pool became a burden. Like many members of Generation X facing an empty nest, the Shipleys decided to look for a home better suited to their needs where they could eventually live in retirement. They chose a three-bedroom, single-story house in Bridgeland, a planned community about 35 miles away. “We could live here forever.”Mr. Shipley, 54, added that the single story was a draw. Its oldest members are several years away from retirement, but they are already starting to think about where they will live in their 70s, 80s and even 90s.

Persons: Erin Shipley, “, Mrs, Shipley, Mr, “ It’s, ” Locations: Sugar Land , Texas, Bridgeland

☆ Jennifer Garner is becoming America's Mom — and you can thank Netflix for that
▼ + stars: | 2024-04-05 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +5 min

With a spate of family-friendly Netflix films under her belt, Jennifer Garner is becoming "America's Mom." Jennifer Garner in "Yes Day." AdvertisementAssuming the mantle of America's Mom isn't a left-field move for Garner. Her Netflix roles have cemented her status as America's Mom even further. After all, if America's Mom tells you to watch her Christmas movie or drink your fruit juice, she probably has your best interests in mind, right?

Persons: Jennifer Garner, —, Sydney Bristow, Elektra Natchios, Ben Affleck, Elektra, Garner, Affleck, it's, she's, Tom Hanks, Gen Xers, Claus, Matt Kennedy, Ryan Reynolds, Mrs, isn't, She's, Jenna Ortega Organizations: Netflix, Service, CIA, ABC's, Fox, Capitol Locations: romcoms

☆ Gen Xers think they'll need $1.56 million to live comfortably in retirement, a survey found
▼ + stars: | 2024-04-04 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

According to the survey, Americans set their sights on $1.46 million as the magic number to make them feel comfortable in retirement. And it differs by generation — both Gen Z and millennials said they would feel comfortable retiring with over $1.6 million, Gen X thinks $1.56 million, and boomers think $990,000. For example, the majority of Gen Z, millennials, and Gen X survey respondents expect the US will enter a recession this year — with one-third of adults saying they don't feel financially secure. Gen X is also facing their own tough economic plight as the "forgotten generation." Millennials and Gen Zers both started saving earlier for retirement than their Gen X peers and are more confident that they'll be financially prepared for retirement.

Persons: —, millennials, X, Gen X, That's, X's, Gen Z, it'll, Xers, that's, it's, Millennials, Zers, Gen Xers Organizations: Service, Northwestern Mutual, Business, Fidelity Investments, Wall Street, Social Security, Security

☆ Gen Zers and millennials are skipping the doctor's office because they can't afford the bills
▼ + stars: | 2024-04-04 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

She has health insurance, but couldn't afford to pay the $1,800 cost of her insulin pump prescription, she said. And, Gen Zers reported avoiding medical appointments at more than twice the rate of boomers. Over a quarter of Gen Zers and millennials, however, say they do not have sufficient coverage to meet their needs, per the report. Because Gen Zers and some millennials are newer to the workforce, many of them are working these entry-level roles. Eight in 10 Gen Zers also said they are stressed on a daily basis — more than other generations, the report found.

Persons: —, Zers, Grace Cochran, Cochran, millennials, Gen Xers, Gen Zers, aren't Organizations: Service, Wakefield Research, Federal

In particular, the researchers looked at a group dubbed "disconnected youth," who aren't working and are also not in school. As of 2022, disconnected youth comprised 13% of this age group; that share has been rising overall since 1998, according to calculations from the Federal Reserve Bank of Dallas. AdvertisementYounger Americans are facing stagnant incomesThe Dallas Fed found that, even after a post-pandemic dip, the rate of disconnected youth has increased since the end of the 1990s. AdvertisementAnd the number of young adults with no income has been on the rise; in 1990, around one in five young adults said they had no wage or salary income. Are you or were you a "disconnected youth," or supporting one?

Persons: —, Louis, Gen, Zers, Louis Fed's, Louis Fed, William M, Rodgers III, Rodgers Organizations: Service, Louis Federal Reserve's Institute for Economic Equity, Business, Federal Reserve Bank of Dallas, Dallas Fed, Federal Reserve's Survey, Consumer, Louis Fed, National Health, Blacks, Louis, Louis Fed's Institute for Economic Equity

☆ People feel financially worse off than their parents—but say their kids will be better off
▼ + stars: | 2024-04-03 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +6 min

It makes sense then that just 36.5% of adults say they feel they're better off financially than their parents, according to CNBC's International Your Money Financial Security Survey conducted by SurveyMonkey. A greater share — 42.8% — say they're worse off than their parents, while the remaining 20.7% say they're faring about the same. Here are three ways younger generations are financially worse off than their older counterparts. More equality Younger generations have navigated adulthood with more freedoms than a lot of their parents may have had. Gender and racial pay gaps, along with other barriers to wealth-building, certainly still affect Gen X and millennials.

Persons: they're, Gen, Xers, Clever, Gen X, Tara Unverzagt, I'm, millennials, Louis Fed, Unverzagt Organizations: Financial Security, SurveyMonkey, Education Data Initiative, CNBC, Pew Research Locations: U.S

☆ I'm raising my daughter's 6-year-old son as a single Gen X grandparent. I want my situation to be normalized.
▼ + stars: | 2024-04-02 | by ( Jane Ridley | ) www.businessinsider.com time to read: +3 min

Sabrina Wiggins took responsibility for raising her grandson when he was around 3 months old. The 47-year-old shared what it's like as a Gen X grandparent raising a Gen Alpha kid alone. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When Aiden was around 3 months old, my daughter agreed that it would be better if I took over raising him. Raising Aiden has involved some sacrificesBut I got by with the support from my family.

Persons: Sabrina Wiggins, —, Aiden, I'd, — I'd, They'll, I'm, Wiggins, I've Organizations: Alpha, Service, Navy, Business Locations: Florida

☆ They celebrated their 25th anniversary with a trip to Paris and ended up buying a stone house in the countryside for $100,000. Now, they're dreaming of retiring there.
▼ + stars: | 2024-04-02 | by ( Amanda Goh | ) www.businessinsider.com time to read: +9 min

Michael and April Meyer bought a stone house in France for about $108,000 in 2022. "It was like our Tour de France," Michael said. Michael and April Meyer/@FrenchStoneHouseLifeThey made the offer in July last year when they were only a third through their planned six-week trip, Michael said. Embracing French cultureThe couple is also committed to immersing themselves in the French way of life — they're even taking French language classes back in the US. Michael and April Meyer/@FrenchStoneHouseLifeTheir French stone house is a vacation home at the moment, but the couple is toying with the idea of possibly retiring there in the future.

Persons: Michael, Meyer, —, April Meyer, @FrenchStoneHouseLife, Michael said, — they're, They've, That's, it's, Bernice, it'd, you've Organizations: Service, de France, Social, Social Security Administration, YouTube Locations: France, California, Europe, Hawaii, Paris, Sacramento, Michael, zipping, Burgundy, Bordeaux, Loire, Limoge, America, agoh@businessinsider.com

☆ Tuition now costs a whopping $90,000 a year or more at some US universities
▼ + stars: | 2024-04-01 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Some American universities estimate their total cost of attendance will exceed $90,000 next year. Tuition and fees at universities have continued to climb, even when adjusted for inflation. The result may be a generation of students wondering if college is worth it. AdvertisementThe price of getting a degree has continued to climb at American universities, with the cost of some schools reaching a new threshold. Out-of-state and in-state tuition and fees at public universities have risen by about 38% and 56%, adjusted for inflation, over the same period.

Persons: —, Gen, Ana Hernández Kent, Louis Organizations: Service, New York University, Tufts, University of Pennsylvania, Yale, NYU, Board, U.S . News, for Higher, of Education, Universities, Institute for Higher Education, Institute for Economic Equity, Federal Reserve Bank of St Locations: U.S

☆ Who are the HENRYs? Charts show who makes more than $200,000 and how they earn it
▼ + stars: | 2024-03-30 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Unlike many older Americans with a higher net worth, these workers are what's called "HENRYs" — high earners, not rich yet. Most HENRYs are ages 40 to 49, although an impressive 5.3% are ages 20 to 29. Credit card balances keep reaching record highs, and Fortune found that American cardholders have, on average, $5,733 in credit card balances. Like other consumers, HENRYs carry some credit card debt, and just under half have credit card balances. Even so, HENRYs tend to earn their money the same way as most Americans: They work a job that earns wages.

Persons: —, HENRY, Gen Xers, HENRYs, BI's Noah Sheidlower, DINKS, Fortune Organizations: Service, Business, Consumer Finances

☆ A degree now costs more than $90,000 a year at some US universities, showing how wildly expensive education is getting
▼ + stars: | 2024-03-30 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe price of getting a degree has continued to climb at American universities, with the cost of some schools reaching a new threshold. This story is available exclusively to Business Insider subscribers. Out-of-state and in-state tuition and fees at public universities have risen about 38% and 56%, respectively, inflation-adjusted over the same period. In a Business Insider and YouGov survey conducted last year, 46% of Gen Z respondents said they don't think college is worth the cost.

Persons: —, Gen, Ana Hernández Kent, Louis Organizations: Service, New York University, Tufts, University of Pennsylvania, Yale, Business, NYU, Board, U.S News, of Higher, of Education, Universities, Institute of Higher, Institute for Economic Equity, Federal Reserve Bank of St

☆ Don't secretly work multiple jobs if you want to advance in your career, overemployed workers say
▼ + stars: | 2024-03-30 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Some people have made as much as $500,000 a year secretly working multiple remote jobs. "There is a certain level you cannot be at to perform well on multiple jobs," Robert said. AdvertisementBut life is full of tradeoffs, and that's as true as ever for the people secretly working multiple remote jobs. Overemployment can provide workers with valuable experienceNot every overemployed worker agrees that working multiple jobs is bad for career advancement. AdvertisementAre you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?

Persons: —, Robert, who've, They've, jugglers, William, John, he's, Justin, wasn't, I'm Organizations: Service, Business Locations: Florida, Texas, California

☆ Here's how much credit card debt Americans have by age—and which generation owes the most
▼ + stars: | 2024-03-27 | by ( Cheyenne Devon | ) www.cnbc.com time to read: 1 min

Americans collectively owe over $1 trillion in credit card debt. But one generation carries the most, on average: Gen X. That marks the highest average credit card balance of any generational cohort. Other generations' credit card debt falls closer to that average or below. Here's the average amount of credit card debt Americans hold by age as of the third quarter of 2023, according to Experian.

Persons: Gen Xers

☆ Almost half of voters say student loan forgiveness is a key issue in 2024 election, survey finds
▼ + stars: | 2024-03-26 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

Jim Watson | AFP | Getty ImagesAlmost half of all voters, or 48%, say canceling student loan debt is an important issue to them in the 2024 presidential and congressional elections, a new survey finds. Debt forgiveness has historically been a highly partisan issue, with supporters and detractors split down party lines. Almost a quarter, 23%, of Gen X voters surveyed said they or someone in their household had student loan debt. The Supreme Court last June struck down the president's $400 billion plan to deliver student loan forgiveness to as many as 40 million Americans. Meanwhile, the popularity of loan forgiveness among voters may prove a challenge for Donald Trump, the GOP presidential nominee for president.

Persons: Jim Watson, Gen, John Della Volpe, Biden, millennials, Z, X, boomer, Joe Biden's, Donald Trump, Mike Pierce, Biden's Organizations: Royal Missionary Baptist, AFP, Getty, Harvard Kennedy School Institute of Politics, Finance, Republican, GOP, Supreme Locations: North Charleston , South Carolina, California, U.S

☆ Middle-aged Americans are lonelier than ever, new study shows—this is the No. 1 way to combat loneliness
▼ + stars: | 2024-03-26 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Americans between ages 45 and 65 are lonelier than their European counterparts, according to a new paper published in American Psychologist. In all places, baby boomers reported the highest levels of loneliness of any generation, but those in the United States outpaced their peers. In Italy, Spain, and Greece, loneliness steeply increased for both baby boomers and Gen X residents. Middle-aged adults in Denmark, Sweden, and the Netherlands reported the lowest levels of loneliness of all 14 countries. "Our epidemic of loneliness and isolation has been an underappreciated public health crisis that has harmed individual and societal health," Murthy said in a 2023 statement.

Persons: Vivek Murthy, Murthy Organizations: U.S Locations: England, Italy, France, Sweden, United States, Spain, Greece, Denmark, Netherlands

Search resuls for: "Gen X"

25 mentions found