Millennials | Jotup

Americans Believe They Will Need $1.46 Million to Retire Comfortably According to Northwestern Mutual 2024 Planning & Progress Study

Retrieved on:

Tuesday, April 2, 2024

Baby boomers, Millennials, Tax, Grandparent, Research, History, News, Hope, Perindopril, Generation Z, Retirement, Probability, Parent, Gen, Life insurance

MILWAUKEE, April 2, 2024 /PRNewswire/ -- Americans' "magic number" for retirement is surging to an all-time high – rising much faster than the rate of inflation while swelling more than 50% since the onset of the pandemic. These are the latest top-level findings from Northwestern Mutual's 2024 Planning & Progress Study, the company's proprietary research series that explores Americans' attitudes, behaviors and perspectives across a broad set of issues impacting their long-term financial security.

Key Points:

The hope among Gen Z is that by starting to save sooner, they'll be able to retire earlier.
They expect to retire at the age of 60, a dozen years before Boomers+ who say they'll work until they're 72.
The 2024 Planning & Progress Study found that among generations closest to retirement, just half of Boomers+ (49%) and Gen X (48%) believe they will be financially prepared when the time comes.
In forthcoming data sets, the 2024 Planning & Progress Study will explore wide-ranging issues facing Americans spanning savings and debt, retirement income, emerging technology, professional help and more.

Hyosung TNC Invests $1 Billion in Future "Bio" Business

Retrieved on:

Monday, April 1, 2024

Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.

Key Points:

Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.
SEOUL, South Korea, April 1, 2024 /PRNewswire/ -- Hyun-Joon Cho, chairman of Hyosung announces major investment in the bio business, embarking on future new business ventures.
Hyosung TNC plans to proactively respond to the global materials market's reorganization around sustainable products by investing $1 billion to establish multiple Bio-BDO production plants capable of producing 200,000 tons annually.
From Raw Material to Fiber, Hyosung TNC Establishes the World's First Fully-Integrated Production System for Bio-Spandex
With this investment, Hyosung TNC has secured the largest bio-spandex factory in Vietnam.

Hyosung TNC Invests $1 Billion in Future "Bio" Business

Retrieved on:

Monday, April 1, 2024

Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.

Key Points:

Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.
SEOUL, South Korea, March 31, 2024 /PRNewswire/ -- Hyun-Joon Cho, chairman of Hyosung announces major investment in the bio business, embarking on future new business ventures.
Hyosung TNC plans to proactively respond to the global materials market's reorganization around sustainable products by investing $1 billion to establish multiple Bio-BDO production plants capable of producing 200,000 tons annually.
From Raw Material to Fiber, Hyosung TNC Establishes the World's First Fully-Integrated Production System for Bio-Spandex
With this investment, Hyosung TNC has secured the largest bio-spandex factory in Vietnam.

Philip Stein and kathy ireland® Worldwide: Defining a new frontier in the luxury wellness landscape.

Retrieved on:

Wednesday, March 27, 2024

Philip Stein, Health, Chair, Natural frequency, Partnership, System, Millennials, CMO, Collection, Nursing

NEW YORK, March 27, 2024 /PRNewswire/ -- Philip Stein, a leader in wearable wellness accessories, announced today an exciting brand partnership with kathy ireland® Worldwide (kiWW®), blending the worlds of wellness, fashion, and luxury.

Key Points:

NEW YORK, March 27, 2024 /PRNewswire/ -- Philip Stein, a leader in wearable wellness accessories, announced today an exciting brand partnership with kathy ireland® Worldwide (kiWW®), blending the worlds of wellness, fashion, and luxury.
This collaboration will be launched by Kathy Ireland alongside Marine, Millennial and kiWW® Board Member, Tommy Meharey.
Kathy and kiWW share Philip Stein's commitment to promoting wellness in all areas of life.
Kathy's distinctive style and design approach will bring a fresh, personal touch to these exclusive products," says Will Stein, CEO and co-founder of Philip Stein.

U.S. Pet Industry Reaches $147 Billion in Sales in 2023

Retrieved on:

Friday, March 22, 2024

STAMFORD, Conn., March 22, 2024 /PRNewswire/ -- The American Pet Products Association (APPA) announced yesterday that the total U.S. pet industry expenditures reached $147 billion in 2023 and is forecasted to have solid year-over-year growth through 2030. The announcement came during Global Pet Expo, the pet industry's premier event, co-produced by APPA and the Pet Industry Distributors Association (PIDA). The expenditures were released in conjunction with the launch of the association's first of four quarterly reports, APPA's State of the Industry: Strategic Insights from the National Pet Owners Survey 2024.

Key Points:

The announcement came during Global Pet Expo, the pet industry's premier event, co-produced by APPA and the Pet Industry Distributors Association (PIDA).
APPA's pet industry expenditures encompass spending in four major categories: Pet Food & Treats; Supplies, Live Animals & OTC (over the counter) Medicine; Vet Care & Product Sales; and Other Services.
The breakdown of actual sales within the U.S. market in 2023 are as follows:
$32 billion was spent on supplies, live animals and OTC medicine
$12.3 billion was spent on other services (boarding, grooming, insurance, training, pet sitting and walking and all services outside of veterinary care)
APPA's new State of the Industry Report also revealed new findings for the pet industry.
In 2023, the pet industry supplied an overall economic contribution of $303 billion, an increase of 16% from $260 billion in 2022.

PA Consulting's Brand Impact Index: Dawn ranked top for US brand perception

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Thursday, March 21, 2024

Microsoft, KitchenAid, Millennials, Organization, Innovation, Apple, Sport, Social media, Baby boomers, Food, CPG, Breyers, Samsung, PA Consulting Group, Generation Z, Gen, Betterment, Marketing

NEW YORK, March 21, 2024 /PRNewswire/ -- The PA Consulting Brand Impact Index 2024 survey finds US consumers are looking for brands to be a catalyst for a better world, with 70% expecting them to be responsible for building a healthier planet. However, for brands to perform well with consumers, they must first focus on product innovation, quality, customer service, and experience. The survey of 7,000 US consumers shows that:

Key Points:

Among the highest-ranking brand categories are household and personal care products that satisfy hygiene needs, and sports brands that build community.
Therefore, it seems fitting for Dawn to be ranked first in the Brand Impact Index."
The PA Consulting Brand Impact Index ranks 320 brands across more than 30 industries.
PA Consulting commissioned a survey of 7,000 US consumers, reflecting national diversity across age, gender, region, ethnicity, and household income.

Two of America's Favorite Flavors Join Forces with the Limited-Time Offering of HORMEL® BLACK LABEL® Ranch Bacon

Retrieved on:

Thursday, March 21, 2024

Millennials, Snack, Taste, Gen, Generation Z, Meal, Edible

AUSTIN, Minn., March 21, 2024 /PRNewswire/ -- Bacon and ranch both continue to be beloved food items of consumers everywhere, with both ingredients easily applied to a variety of different dishes. Whether it's a burger or sandwich, pizza or soup, ranch and bacon both tend to enhance the meals and snacks they're added to.

Key Points:

Whether it's a burger or sandwich, pizza or soup, ranch and bacon both tend to enhance the meals and snacks they're added to.
That is why the makers of the HORMEL® BLACK LABEL® brand are so excited, as they have combined these two tasty flavors within a single bite in their latest limited-time flavor offering, HORMEL® BLACK LABEL® Ranch Bacon.
"Consumers are using bacon and ranch together in all kinds of creative ways to take their flavor experiences to the next level, but with our new Ranch Bacon, you can experience the familiar taste of both ranch and bacon in a single bite!"
The HORMEL® BLACK LABEL® brand offers a vast portfolio of product flavors that no other brand can match, from jalapeño to brown sugar to maple black pepper.

West Monroe named to Top Workplaces USA 2024 List

Retrieved on:

Wednesday, March 20, 2024

Millennials, Organization, USA Today, Workplace, Parent, Professional services, Human, Management

CHICAGO, March 20, 2024 /PRNewswire/ -- West Monroe, a business and technology consulting firm, announced today it has been named a 2024 Top Workplace by USA Today, ranking No. 40 out of 182 in the large company category. Over 4,280 companies were surveyed and only 1,530 earned a spot on the list. USA Today awarded West Monroe's workplace culture based on companywide employee engagement surveys.

Key Points:

CHICAGO, March 20, 2024 /PRNewswire/ -- West Monroe , a business and technology consulting firm, announced today it has been named a 2024 Top Workplace by USA Today, ranking No.
USA Today awarded West Monroe's workplace culture based on companywide employee engagement surveys.
"Inclusion on USA Today's Top Workplaces for 2024 list is a proud milestone for West Monroe," said Tanya Moore , West Monroe's Chief People Officer.
Winners of the Top Workplaces USA list are chosen based solely on employee feedback gathered through an employee engagement survey, issued by Energage.

bnbfinder Survey Reveals 68% of Americans are Using a Travel Hack to Save on Vacation Rental Service Fees

Retrieved on:

Wednesday, March 20, 2024

Friends, Millennials, Headache, Vacation, Air travel, Travel, Sand, Overalls, White Lotus, Airbnb, Family, Frustration, Tourism

"The data tells us there's a growing trend among savvy travelers to use sites like Airbnb or Vrbo almost like a search engine to source a vacation rental, and then explore ways to book that same property directly to sidestep paying service fees," said Eric Goldreyer, CEO and owner of bnbfinder. "At the same time, with many Americans expecting to spend more on their trips this year, it's evident travelers aren't just budget-driven -- they're craving overall value in their vacation rentals. At bnbfinder, we're committed to delivering a convenient and transparent one-stop-shop to find and book a range of professionally managed vacation rentals, without getting hit by service fees other platforms charge."

Key Points:

At bnbfinder, we're committed to delivering a convenient and transparent one-stop-shop to find and book a range of professionally managed vacation rentals, without getting hit by service fees other platforms charge."
Traveler frustration with vacation rental website service fees is an 8 on a 1-10 scale.
An overwhelming majority (92%) of Americans say the best price is the most important factor when choosing where they book a vacation rental or other accommodation.
Additional survey findings from bnbfinder, the vacation rental site without service fees, can be found here .

Consumers Expect Personalized Experiences, Social Engagement and Diverse Content: Can Media Deliver?

Retrieved on:

Wednesday, March 20, 2024

Hispanic, Taste, Growth, SVOD, UGC, Social media, Research, Bullying, Millennials, M&E, Woman, Habit, Video, Hearing, Gen, Advertising

NEW YORK, March 20, 2024 /PRNewswire/ --

Key Points:

User-generated content (UGC) on social media platforms — as well as trusted online creators — both fuel and compete with streaming video.
Media and entertainment (M&E) companies can leverage Deloitte's data and insights to learn how consumers' interests, attitudes and identities have changed.
Social media platforms are not merely competitors; they can be influential collaborators for media companies as they aim to captivate and maintain audience engagement.
Diverse audiences are more likely to think that social media videos are much more diverse than TV shows and movies.