Tag: Generational Cohorts
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Google reportedly scraps AI-powered chatbot targeted at Gen Z
[ad_1] Google has pulled the plug on an AI-powered chatbot aimed at Gen Z users, according to a new report. CNBC reported Tuesday that Alphabet’s GOOG, +0.72% GOOGL, +0.59% Google recently “deprioritized” an app under development called “Bubble Characters.” When Google deprioritizes a project, it is usually scrapped, according to CNBC. Citing internal documents it…
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Teen wages soar amid strongest labor market since just after World War II
[ad_1] Morgan Skove, 19, an incoming sophomore at Northwestern University, was overjoyed to land a summer gig. “I was relieved that the pressure of finding a job was off and excited to start my first ‘adult’ job,” she said. With plans to pursue a career in business, Skove applied for a sales job with the…
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Everyone expects to work longer and retire later — except Gen Z
[ad_1] Americans think they’ll need $1.27 million to retire comfortably, but they plan to work longer to amass that nest egg. The new magic number for retirement is up slightly from last year, when U.S. adults said they believed they needed $1.25 million to retire comfortably, according to new findings from Northwestern Mutual. High-net-worth individuals…
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For Father’s Day, financial experts share the money advice they give their kids
[ad_1] So when fathers hear that one-third of the members of Generation Z feel unprepared to manage their finances, as a recent MassMutual survey reported, they’ll be champing at the bit to give a few tips. For Father’s Day, we asked some finance professionals for the best financial advice they give their own kids. Here…
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80% of Gen Xers think they’ll never fully retire — and that may be good news
[ad_1] Members of Generation X may be getting close to retirement age, but they’re apparently not giving it too much thought. Only 19% of those in that cohort, who are now about 43 to 58 years old, think they will ever fully retire in the old-fashioned way that involves leaving their jobs and enjoying their…
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Young workers know being remote has drawbacks, but they don’t care. Here’s why.
[ad_1] The remote-work revolution gained unprecedented momentum at the start of the COVID-19 pandemic three-plus years ago, and now many companies are eager to bring their workers back to the office. The problem is that the employees often don’t want to come back. Employees — especially younger workers — appear to recognize the downsides of…
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Generation Z’s favorite investment may be a cause for concern. Here’s why.
[ad_1] Generation Z is getting smarter about their money, with some starting to invest even before they turn 18, according to a new report. The survey by FINRA Investor Education Foundation and the CFA Institute, which defines Generation Z as those aged between 18 to 25, concluded that 6 in 10 owned at least some…
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Gen Z’ers are the superstars of retirement savings as overall balances rise, and 401(k) loans drop
[ad_1] Despite fears of a potential recession, stubborn inflation and interest-rate hikes, Americans socked away more money for their retirement in the first quarter, especially the youngest workers, Generation Z, according to Fidelity Investment’s first-quarter analysis. In a review of 44.5 million retirement accounts, Fidelity found that account balances are up for the second quarter…
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More ‘buy now pay later’ users are seeing their credit scores drop after they miss payments.
[ad_1] “Buy now, pay later” is a popular payment method for younger consumers, but a growing share of BNPL users appear to be suffering negative consequences, including lower credit scores. Some 24% of buy now, pay later users said their credit scores declined in February “as a result of a missed or late BNPL payment,”…