Markets

Why millennials love Gucci

Millennials are spending money on Gucci's flashiest styles. Along with the resurgence of the '90s, brand logos are back and millennials are loving it.
Why millennials love Gucci
News

Saving for retirement before age 40 could make you miserable

Young adults don’t need to start saving for retirement until their 40s, a new NBER paper finds. That’s if you’re college-educated, expect steep income growth, and value other things over money. The paper based its findings on “total life satisfaction” rather than savings. Visit the Business section of Insider for […]
Saving for retirement before age 40 could make you miserable
News

How a new generation of art galleries is making the exclusive industry more accessible

Passage Arts seeks to showcase underrepresented artists and cultivate next-gen art collectors. Cofounder Reilly Clark says young people feel the art market is too exclusive and unwelcoming. The gallery opened last summer and has signed five artists from underrepresented communities. Visit Business Insider’s homepage for more stories. In the art […]
How a new generation of art galleries is making the exclusive industry more accessible
News

Millennials are not only buying homes, they’re buying multimillion-dollar ‘starter’ homes — and it defies 2 common myths about the generation at once

Wealthy millennials are buying multimillion-dollar “starter houses,” in cities like Austin and Aspen, per a Bloomberg report. Millennials may have rented for longer than past generations, but they now make up the largest group of American home buyers. Their home purchases are defying the stereotypes that all millennials are broke […]
Millennials are not only buying homes, they’re buying multimillion-dollar ‘starter’ homes — and it defies 2 common myths about the generation at once
News

YIMBY with a conscience: Meet the 26-year-old real-estate heir who wants to make affordable housing a reality in the Biden era

Donahue Peebles III has worked for his father’s real-estate firm, Peebles Corporation , since high school. He’s passionate about gentrification, telling Insider that lack of affordable housing is “a failure of American society.” Peebles talked to Insider about affordable housing, gentrification, and what he expects under a Biden presidency. Visit […]
YIMBY with a conscience: Meet the 26-year-old real-estate heir who wants to make affordable housing a reality in the Biden era
News

The pandemic is deepening a wealth divide among young people: the ‘millennial rich’ and the ‘millennial poor’

The pandemic has widened millennial inequality that dates back to the Great Recession, with wealthier millennials faring well while their low-earning peers are struggling. The affordability crisis millennials were already facing prepandemic has left some with little wealth to fall back on as they experience unemployment and other hardships during […]
The pandemic is deepening a wealth divide among young people: the ‘millennial rich’ and the ‘millennial poor’
Markets

One silver lining of the pandemic: Millennials are saving more

Since the pandemic began, 18% of millennials have begun saving more for retirement, according to Wells Fargo’s 2020 Annual Retirement Study, which surveyed over 4,500 Americans. It’s likely this cohort of millennials weren’t affected by pandemic pay cuts or unemployment, and were left with extra money to save while parts […]
One silver lining of the pandemic: Millennials are saving more
News

5 driving forces behind the millennial-boomer generational wealth gap

Millennials’ slow financial progress isn’t just because of The Great Recession. A new Deutsche Bank Research report said boomers got lucky in five areas millennials haven’t: low interest rates, urbanisation, pollution, cohort size, and education. These external forces have created a vast generational wealth gap. Visit Business Insider’s homepage for […]
5 driving forces behind the millennial-boomer generational wealth gap
Strategy

‘Millennial burnout’ thought leader Anne Helen Petersen on how parenting and social media are driving her generation to exhaustion

Journalist Anne Helen Petersen, former senior culture writer for Buzzfeed News, is the author of “Can’t Even: How Millennials Became the Burnout Generation,” a follow-up to her viral 2019 essay on millennial burnout. In a conversation with Business Insider, Petersen explored how millennial burnout manifests beyond the workplace. Parenting and […]
‘Millennial burnout’ thought leader Anne Helen Petersen on how parenting and social media are driving her generation to exhaustion
Markets

New research found that millennials and Gen Z are more likely to take an interest in their finances, thanks in part to the ‘gamification’ of budgeting apps

Research from UBank has found COVID has shifted the way Australians look at budgeting, particularly millennials and Gen Z. It found that 68% of millennials have a budget, compared to 58% of Gen Xers and 55% of Gen Zers. UBank CEO Philippa Watson attributed this budget-savvy attitude to the gamification […]
New research found that millennials and Gen Z are more likely to take an interest in their finances, thanks in part to the ‘gamification’ of budgeting apps
Strategy

A Wharton professor says late boomers and Gen X will take centre stage over millennials by 2030 — here’s why we should be paying attention to them

Mauro Guillén is an expert on global market trends and professor at the Wharton School, where he holds the Zandman Professorship in International Management and teaches executives, MBAs, and undergraduates. The following is an excerpt from his new book, “2030: How Today’s Biggest Trends Will Collide and Reshape the Future […]
A Wharton professor says late boomers and Gen X will take centre stage over millennials by 2030 — here’s why we should be paying attention to them
News

3 tips for being a smart investor now, according to personal finance professionals

Kevin Matthews, founder of Building Bread, and Kelly Lannan, vice president of Fidelity Investment’s Young Investors for Personal Investing, sat down with Business Insider’s Tanza Loudenback to discuss investing for the Master your Money Live Digital Bootcamp. The two personal finance professionals had some tips for being a smart investor: […]
3 tips for being a smart investor now, according to personal finance professionals
Lifestyle

Millennials are staring down their second recession — we want to find the financial planners helping them make the best of a crippling economy

Millennials have limped from one recession to the next, with no shortage of financial challenges. Business Insider is putting together a list of financial planners who work with millennials. We want to hear from you about the best financial planners helping millennials sort out their money. Please submit your nominations […]
Millennials are staring down their second recession — we want to find the financial planners helping them make the best of a crippling economy
Lifestyle

Millennials don’t want high-end furniture because they’re constantly moving, according to a renowned designer who’s been in the business for decades

Tom Dixon, OBE, is a British designer who specialises in lighting, furniture, and accessories. He is currently the creative director of his eponymous brand and his work has been shown in places including the MOMA and the Victoria and Albert Museum in the UK. Dixon recently released his AW’20 accessories […]
Millennials don’t want high-end furniture because they’re constantly moving, according to a renowned designer who’s been in the business for decades
Markets

Netflix has surged 50% this year — but just 4% of our millennial investor panel says it’s the FAANG stock they’d most want to own for the next 10 years

Business Insider assembled a panel of hundreds of young investors who volunteered to share their views about the markets. This is a self-selected group of people under the age of 35 who have a brokerage account. Just 4% of participating millennial investors picked Netflix as the single FAANG stock they’d […]
Netflix has surged 50% this year — but just 4% of our millennial investor panel says it’s the FAANG stock they’d most want to own for the next 10 years
Strategy

The 17 best US cities for millennials to live in after coronavirus

Millenials have recently been moving to places in the South and West region of the US. We took a look at where this generation should move to next. Business Insider recently ranked the best cities to move to post-pandemic based on various metrics, including economic and housing ones, for each […]
The 17 best US cities for millennials to live in after coronavirus
Lifestyle

Black millennial households earn about 60% of what their white counterparts make, and it highlights just how much worse the generational wealth gap is along racial lines

Millennials are facing an economic plight, but Black millennials are struggling the most. The typical white millennial household earns $US60,800 annually; the typical black millennial household earns $US37,300. Black millennials take on more student debt and have a harder time finding a job post-graduation, only to be paid less than […]
Black millennial households earn about 60% of what their white counterparts make, and it highlights just how much worse the generational wealth gap is along racial lines
Lifestyle

20-something New Yorkers are moving NYC’s coronavirus cases to wealthy neighbourhoods

Coronavirus cases are appearing in wealthy Manhattan and Brooklyn neighbourhoods, Politico’s Erin Durkin reported. During New York City’s peak crisis time, the coronavirus hit the working-class neighbourhoods of outer boroughs the hardest. Now, rising infection rates among 20-something New Yorkers are bringing the virus to higher-income areas. Visit Business Insider’s […]
20-something New Yorkers are moving NYC’s coronavirus cases to wealthy neighbourhoods
Lifestyle

1 in 10 young adults moved due to the coronavirus pandemic

Pew Research Centre surveyed nearly 10,000 Americans about the coronavirus pandemic, and found that 3% of the population has already moved temporarily or permanently due to the outbreak. Young adults aged 18 to 29 are the most mobile age group, with 9% of those surveyed – nearly one in 10 […]
1 in 10 young adults moved due to the coronavirus pandemic
Lifestyle

Bye bye, Big Apple: These are the top 10 US cities millennials are fleeing

Millennials were already fleeing major cities before the pandemic. A recent SmartAsset report tracked the top cities millennials are moving away from. New York City, Chicago, and Washington DC all made the list. Visit Business Insider’s homepage for more stories. Millennials are over big cities. A recent SmartAsset report looked […]
Bye bye, Big Apple: These are the top 10 US cities millennials are fleeing
News

Master your Money Live Digital Bootcamp: Personal finance experts will share their advice for millennials looking to plan their financial future despite the uncertain times

BI launched our Master your Money series in January with an overview of the financial headwinds that millennials endure by Hillary Hoffower and a guide to options for tackling student-loan debt by Tanza Loudenback. Since then, the global economy has taken a turn that left many millennials in the same […]
Master your Money Live Digital Bootcamp: Personal finance experts will share their advice for millennials looking to plan their financial future despite the uncertain times
Strategy

Nearly half of millennials say they’re still crippled by the Great Recession, and it explains why they have less wealth than other generations

46% of millennials said they’re still financially recovering from the Great Recession, a recent TD Ameritrade survey found. They were more likely than previous generations to feel the lingering effects of the financial fallout. Previous research has found that millennials are financially behind and have less wealth than previous generations […]
Nearly half of millennials say they’re still crippled by the Great Recession, and it explains why they have less wealth than other generations
Strategy

A millennial and his Gen Z sister used a $20,000 grant to launch a line of swimsuits made from recycled plastic bottles, and it marks the next generation of sustainable fashion

Jake Danehy, 26, and his sister Caroline, 23, are the founders of Fair Harbour, a company that makes swimsuits out of recycled plastic bottles. The two are working to become leaders in the push for a more sustainable fashion industry. Caroline told Business Insider that Fair Harbour is on track […]
A millennial and his Gen Z sister used a $20,000 grant to launch a line of swimsuits made from recycled plastic bottles, and it marks the next generation of sustainable fashion
Strategy

How Gen Z Republicans are different from their older counterparts

A recent Pew Research study found that Gen Zers are not just more progressive, but also more pro-government than older generations. Pew also found that Gen Z Republicans are significantly different from their older counterparts. 52% of Gen Z Republican respondents said they want the government to do more when […]
How Gen Z Republicans are different from their older counterparts
News

A book published nearly 25 years ago predicted America would hit a great crisis climaxing around 2020 — and that up next is a millennial vs. boomer standoff that will usher in a new world order

America sees a “turning” every 20 years as one generation displaces another, and the dynamic between one particular generation entering “elderhood” and another entering “young adulthood” creates a crisis every 80 years, according to a theory prophesied in Neil Howe and William Strauss’ “The Fourth Turning.” The authors wrote that […]
A book published nearly 25 years ago predicted America would hit a great crisis climaxing around 2020 — and that up next is a millennial vs. boomer standoff that will usher in a new world order
Lifestyle

The drink of the spring is anything in a to-go cup

The drink of the spring is anything in a to-go cup – at least in New York City. Like many other states, New York has allowed bars and restaurants to serve to-go cocktails in an effort to bolster their businesses. This has delighted me and many other New Yorkers, who […]
The drink of the spring is anything in a to-go cup
Strategy

The ‘loneliest generation’ gets lonelier: How millennials are dealing with the anxieties of isolation and the uncertainties of life after quarantine

The mental-health effects of the coronavirus pandemic are hitting people of all ages. Millennials find themselves in a precarious position. The generation had already been experiencing a mental-health decline. The loneliness and anxiety of quarantine life are not helping. There is a bright side: The generation might be changing the […]
The ‘loneliest generation’ gets lonelier: How millennials are dealing with the anxieties of isolation and the uncertainties of life after quarantine
Lifestyle

From Gen Z spring breakers to toilet paper-hoarding boomers, the coronavirus pandemic is a case study in generational differences. Here’s how each generation is dealing with it.

Coronavirus high-risk groups, life stages, and generational identity have shaped different responses to the coronavirus pandemic among the biggest generations. Because those over 60 are at greater risk of becoming seriously ill, Gen Z has been ignoring coronavirus warnings on spring break and millennials are worried about their parents. Gen […]
From Gen Z spring breakers to toilet paper-hoarding boomers, the coronavirus pandemic is a case study in generational differences. Here’s how each generation is dealing with it.
Lifestyle

‘Don’t you love us?’ Millennials say their parents are making them feel guilty for turning down invitations to come over for Passover and Easter

Some millennials are refusing to visit their parents for Passover and Easter in order to continue to protect them from the novel coronavirus. But some parents see the decision as extreme and even selfish, causing rifts in families when they’re supposed to come together. The conflict is especially tough because […]
‘Don’t you love us?’ Millennials say their parents are making them feel guilty for turning down invitations to come over for Passover and Easter
Lifestyle

Millennials came limping out of the Great Recession with massive student debt and crippled finances. Here’s what the generation is up against if the coronavirus triggers another recession.

The coronavirus pandemic has ignited fears of a global recession. In the week ending March 28, a record 6.6 million people in America filed for unemployment. A recession would spell particularly bad news for millennials, who will turn 24 to 39 this year, since the oldest among them weathered the […]
Millennials came limping out of the Great Recession with massive student debt and crippled finances. Here’s what the generation is up against if the coronavirus triggers another recession.
Lifestyle

The coronavirus has intensified the generational divide between millennials and boomers. Here are 5 ways they’re dealing with the pandemic differently.

Millennials and baby boomers are handling the coronavirus pandemic in very different ways. Millennials are more stressed and staying indoors, trying to save money and make memes. Many baby boomers are trying to leave their homes to panic buy toilet paper and socialise with friends. Visit Business Insider’s homepage for […]
The coronavirus has intensified the generational divide between millennials and boomers. Here are 5 ways they’re dealing with the pandemic differently.
Lifestyle

A Gen Zer who contracted the coronavirus during his spring break says the White House’s response to the pandemic is one of the main reasons why people aren’t taking it seriously

Max Schulman, a junior at Vanderbilt University, contracted the coronavirus while on spring break in Barcelona, Spain. He is now encouraging other spring breakers to start taking the virus seriously. “The major thing that you can be doing to prevent the spread of this is social distancing, not going near […]
A Gen Zer who contracted the coronavirus during his spring break says the White House’s response to the pandemic is one of the main reasons why people aren’t taking it seriously
Lifestyle

Millennials and baby boomers keep blaming each other for not handling the coronavirus pandemic correctly, and they both have a point

The coronavirus pandemic is further dividing millennials and baby boomers. Baby boomers are calling out the youth for travelling and going on spring break. Meanwhile, millennials are frustrated they can’t get their boomer parents to stay inside. Visit Business Insider’s homepage for more stories. There’s been a lot of generational […]
Millennials and baby boomers keep blaming each other for not handling the coronavirus pandemic correctly, and they both have a point
Lifestyle

‘It’s Gen Z you want’: Millennials are defending themselves from accusations that they’re out partying and ignoring warnings amid the coronavirus pandemic

Millennials say it’s Gen Z, not them, who have been partying and ignoring coronavirus warnings. “Millennials are not partying,” tweeted one millennial. “We and our anxiety issues are holed up … It’s Gen Z you want.” Young people have been called out for not social distancing, but it’s Gen Z […]
‘It’s Gen Z you want’: Millennials are defending themselves from accusations that they’re out partying and ignoring warnings amid the coronavirus pandemic
News

People under 50 don’t think the coronavirus is coming for them. It is.

The coronavirus pandemic has overtaken the entire world, but many people under 50 are not taking recommended precautions to help contain the spread of COVID-19. From college students swarming the beaches for spring break to older adults continuing with their daily routines, some young people are still insisting that they […]
People under 50 don’t think the coronavirus is coming for them. It is.
News

Frustrated millennials say they can’t get their ageing parents to cancel their cruises, stop going to church, and take coronavirus seriously

Some young adults are concerned about the health of their parents because the coronavirus is deadlier for older patients. In interviews with Business Insider, six people described their difficulties in getting their parents to take precautions by cancelling plans for trivia games, casino visits, church services, and more. “Literally was […]
Frustrated millennials say they can’t get their ageing parents to cancel their cruises, stop going to church, and take coronavirus seriously
Lifestyle

Travellers worldwide are cancelling trips over coronavirus fears — but millennials are snapping up cheap flights despite the risks, and it says a lot about who they are as a generation

Some millennials are buying cheap flights amid coronavirus concerns, reported Ben Kesslen for NBC. While some people are self-quarantining or cancelling trips, these millennials seek an affordable vacation or travel opportunity. The move says a lot about millennials’ lifestyles and how strongly they value experiences. Visit Business Insider’s homepage for […]
Travellers worldwide are cancelling trips over coronavirus fears — but millennials are snapping up cheap flights despite the risks, and it says a lot about who they are as a generation
Lifestyle

The coronavirus pandemic has millennials and Gen Z tightening their wallets, and it’s because they still feel crippled by the Great Recession

Coronavirus is impacting millennials’ purchase decisions more so than any other generation, according to a First Insight survey. Both millennials and Gen Z are cutting back on spending as coronavirus sparks recession fears. It’s a natural response from two generations who watched the Great Recession unfold, which has made them […]
The coronavirus pandemic has millennials and Gen Z tightening their wallets, and it’s because they still feel crippled by the Great Recession
Lifestyle

Joe Biden may have overtaken Bernie Sanders as the Democratic frontrunner, but his ‘anti-millennial’ stance has left him with half as many young voters as Sanders

Former vice president Joe Biden dominated Super Tuesday. But Biden has struggled to attract millennial voters, previously saying he has “no empathy” for millennials. In a recent New York Times interview, he said that if millennials want to see a change in their economic situation, they need to become more […]
Joe Biden may have overtaken Bernie Sanders as the Democratic frontrunner, but his ‘anti-millennial’ stance has left him with half as many young voters as Sanders
Lifestyle

There are 5 distinct generations of employees in the workplace for the first time — and it’s created the need for companies to hire ‘generational consultants’ to keep them all happy

Companies are hiring “generational consultants” to learn how to work with the five different generations in today’s workplace, reported Jazmine Hughes for The New York Times Magazine. It’s a smart strategy for catering to the needs and skills of younger generations, who are changing the workplace. Younger workers are less […]
There are 5 distinct generations of employees in the workplace for the first time — and it’s created the need for companies to hire ‘generational consultants’ to keep them all happy
Lifestyle

Top 25 US cities where millennials are racking up debt

Millennials are stressing about their credit card and student-loan debt. LendingTree recently looked at where millennial debt is rising the fastest in the US. While increases in debt can signal financial struggles, it may also be a sign that millennials are increasing their earning power. Visit Business Insider’s homepage for […]
Top 25 US cities where millennials are racking up debt
News

The rise and fall of Harley-Davidson

Harley-Davidson is the most well-known American motorcycle brand in the world, but that status may be preventing the company’s future growth. Its core customers helped the company reach new heights in 2006. But today, Harley is facing challenges reaching new customers. Without new riders, the company might slowly erode. Visit […]
The rise and fall of Harley-Davidson
Lifestyle

The youngest comedian to ever win ‘Last Comic Standing’ says she’s making millions more than when she started her career — but getting there was a ‘slow burn’

Over the course of 10 years, comedian Iliza Shlesinger has gone from winning NBC’s Last Comic Standing to premiering Netflix specials and an upcoming comedy series. Shlesinger spoke to Business Insider about all things money, from how she built her wealth to how she prefers to spend it. “I’ve realised […]
The youngest comedian to ever win ‘Last Comic Standing’ says she’s making millions more than when she started her career — but getting there was a ‘slow burn’