Gen Zers and millennials aren’t just filling up their free time with vacations and road trips this summer — some are taking on second or even third jobs in the warmer months. Squeezed by inflation and insufficient wages, many Americans are turning to side hustles and additional jobs as a way to make ends meet. … Read more
Move over family travelers. 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. No longer satisfied with road trips to their parents’ homes, Gens Z are planning international trips at higher rates than other generations, according to a … Read more
Nearly two decades into the smartphone era, some experts are warning of the potential dangers of being plugged in anytime, anywhere. Especially when it comes to those whose brains are still developing. Americans under the age of 30 reported lower levels of happiness from 2021 to 2023 than those over the age of 60, according to … Read more
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. Here’s how that breaks down by generational cohort: Gen Z (ages 18 to 27): 16% Millennials (ages 28 to 43): … Read more
Chet Kapoor, chairman and CEO of DataStax. Datastax Steve Jobs’ former intern has some sage advice for college graduates: stop focusing on working for big companies and instead find the best people to work for. Chet Kapoor, chairman and CEO of generative AI company DataStax, has had an illustrious career in Silicon Valley. The Kolkata-born … Read more
Overwhelming evidence suggests social media has a negative effect on self-esteem. That’s not only true for how people feel about their appearance and social status, but also their financial well-being and economic standing. A new term, “money dysmorphia,” aims to describe the distorted view of one’s finances that nearly one-third, or 29%, of Americans say … Read more
Many argue it’s harder today for young adults to make it on their own. In addition to soaring food and housing costs, millennials and Generation Z face other financial challenges their parents did not at that age. Not only are their wages lower than their parents’ earnings when they were in their 20s and 30s, after adjusting for inflation, but they … Read more
Maskot | Digitalvision | Getty Images Several factors may affect your path toward homeownership â one may be your parents. “If your parents are homeowners, you’re more likely to be a homeowner,” said Susan M. Wachter, a professor of real estate and finance at The Wharton School of the University of Pennsylvania. Homeowner parents are … Read more
 Klaus Vedfelt | Digitalvision | Getty Images ‘The Roth IRA is an incredible savings vehicle’ Roth individual retirement accounts require investors to pay taxes on the contributions they make now, rather than when they take withdrawals in their retirement years. That trade-off means after-tax dollars grow tax-free for decades. A Roth can be a … Read more
Andresr | E+ | Getty Images Younger generations grew their wealth much faster than older Americans after the pandemic began, thanks largely to stocks, according to a new study. The total wealth of Americans under 40 surged by 80%, to $9.5 trillion, between the first quarter of 2019 and the third quarter of 2023, according … Read more