Westend61 | Westend61 | Getty Images Some young people are splashing out on luxuries like travel and designer clothes instead of saving, in a trend that’s being characterized as “doom spending” on social media. Doom spending is when a person mindlessly shops to self-soothe because they feel pessimistic about the economy and their future, according … Read more
Girl using mobile phone against colored background Klaus Vedfelt | Digitalvision | Getty Images Gen Z is increasingly proving to be the entrepreneurial generation, with the majority wanting to set up their own business — but one expert warns it might not be as straightforward as they think. Some 75% of Gen Z — the … Read more
Photo: Mazda Maybe the future of collector cars and enthusiast drivers isn’t the doom and gloom affair that we’d been led to believe. According to a survey by Hagerty Insurance, young adult generations (Gen Z and Millennials) are significantly more likely to be interested in owning a classic car than Baby Boomers are. Tastes in … Read more
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
pixelfit | E+ | Getty Images Young, wealthy investors don’t want their parents’ investments. If you’re between the ages of 21 and 43 and have at least $3 million in investable assets, your preferred investments likely aren’t your traditional mix of stocks and bonds, according to new research from Bank of America. Nearly one-third of … Read more
Skaman306 | Moment | Getty Images It wasn’t long ago that investors earned practically 0% returns on cash. As the Federal Reserve has kept interest rates high to combat high inflation, you can easily earn 5% annual percentage yields on savings accounts and other low risk vehicles. Some experts are now warning it’s possible to … Read more
Catherine Falls Commercial | Moment | Getty Images Gen Z is tired of dating apps and would prefer meeting people in real life, but the tech-savvy generation isn’t as experienced with navigating romance in person. Dating apps have been losing their appeal amongst singles in recent years, especially Gen Z, the generation born between 1997 … Read more
Young people today are not only more likely to be single than previous generations but also seem perfectly content with their single status, a new study found. The study published earlier this month in the Personality and Social Psychology Bulletin said people aged 14 to 20 years are now more satisfied with being single than … Read more
Taylor Swift fans queue outside Murrayfield Stadium in Edinburgh, Scotland, on June 6, 2024. Her fans, known as Swifties, had made the superstar $200 million in Eras merchandise sales as of November 2023. Jeff J Mitchell | Getty Images News | Getty Images The price of ‘funflation’ Some ticket prices have surged in recent months, … Read more
TikTok is chock-full of tips for building wealth. The latest money-saving trend taking over is the “no-spend month,” which encourages TikTok users to cut out all non-essential purchases for a set period. But, in this case, even the best intentions can backfire. Here is what you should know before swearing off unnecessary spending. The no-spend rules The … Read more
