Generation X

Raises Are 25% Smaller Than Last Year and Fewer Are Getting Them, New BambooHR Study Finds

Retrieved on: 
Tuesday, December 12, 2023

LINDON, Utah, Dec. 12, 2023 /PRNewswire/ -- BambooHR, the industry's leading cloud-hosted human resource platform where everything works together, released a new study of 1,500 US adults examining worker sentiment around compensation and benefits. The study found that two in five salaried employees (41%) didn't receive raises in the past year, up from 33% in 2022. Those who did received a 25% smaller raise, underscoring the economy's impact on employee pay in the past year.

Key Points: 
  • The study found that two in five salaried employees (41%) didn't receive raises in the past year, up from 33% in 2022.
  • Those who did received a 25% smaller raise, underscoring the economy's impact on employee pay in the past year.
  • "For the second year in a row, our study uncovered that employees feel they aren't getting paid enough.
  • It's crucial for employers to understand these trends to focus on next steps to improve employee engagement and overall retention."

SURVEY: Surprising trends among the youngest travelers as 47% of Americans turn toward travel agents to book their holiday travel

Retrieved on: 
Tuesday, December 12, 2023

This is in stark contrast to Gen X and Boomers, only 12% and 2% of whom use the services of a traditional travel agent.

Key Points: 
  • This is in stark contrast to Gen X and Boomers, only 12% and 2% of whom use the services of a traditional travel agent.
  • Instead, Gen X far prefers to use OTAs when booking their holiday travel (35%).
  • Of the groups surveyed, 92% plan to spend the same amount or more on their holiday travel this year.
  • Among Gen Z travelers, Las Vegas is their New Year's travel destination with 31% reporting it as their top choice.

SURVEY: Surprising trends among the youngest travelers as 47% of Americans turn toward travel agents to book their holiday travel

Retrieved on: 
Tuesday, December 12, 2023

This is in stark contrast to Gen X and Boomers, only 12% and 2% of whom use the services of a traditional travel agent.

Key Points: 
  • This is in stark contrast to Gen X and Boomers, only 12% and 2% of whom use the services of a traditional travel agent.
  • Instead, Gen X far prefers to use OTAs when booking their holiday travel (35%).
  • Of the groups surveyed, 92% plan to spend the same amount or more on their holiday travel this year.
  • Among Gen Z travelers, Las Vegas is their New Year's travel destination with 31% reporting it as their top choice.

What have been 2023's leading investment trends? A comfortable pension for retirement, ESG credentials and financial independence - new survey data from CMC Invest reveals all

Retrieved on: 
Tuesday, December 12, 2023

LONDON, Dec. 11, 2023 /PRNewswire/ -- With 2023 approaching its end, UK Investment platform, CMC Invest, is today releasing new data – based on surveying 2,002 investors in the UK (aged 18+) with £10,000+ investable assets, who have been investing for at least two years - showing investing behaviours throughout 2023.

Key Points: 
  • ESG credentials still impact investment decisions, with half (53%) of investors saying they do consider ESG credentials before investing.
  • Over half of all investors (58%) noted wanting a comfortable pension to retire to as a reason to invest.
  • David Dyke, Head of CMC Invest, comments, "It's been quite the year for investment markets.
  • While over half of all investors surveyed (58%) noted having a comfortable pension to retire to as a reason to invest.

FlexJobs Releases 2024 Remote Work Stats & Trends Report

Retrieved on: 
Monday, December 11, 2023

BOULDER, Colo., Dec. 11, 2023 /PRNewswire-PRWeb/ -- FlexJobs®, the leading career service for remote and hybrid work, today announces the release of the 2024 Remote Work Stats & Trends Report. With the majority of people wanting a fully remote (51%) or hybrid (46%) job, the new report dives into the latest data, statistics, and insights surrounding the state of remote work.

Key Points: 
  • FlexJobs' Remote Work & RTO Pulse Report found 63% of working professionals are willing to take a salary decrease to work remotely , with 17% stating they'd take a 20% decrease in salary.
  • In FlexJobs' Remote Work & RTO Pulse Report, the vast majority of respondents believed remote work positively impacts employees' mental (93%) and physical health (90%).
  • According to FlexJobs' 2023 Work Insights Survey , 96% of workers believe a remote or hybrid work arrangement would be best for their mental health.
  • FlexJobs' Work Insights Survey found some of the biggest remote work challenges included:
    According to FlexJobs' Generations at Work Report , Gen Z (40%), millennials (56%), and Gen X (75%) are in support of remote and hybrid work options.

New Study Unveils Breakthroughs into Hispanic Financial Preferences and Behaviors

Retrieved on: 
Wednesday, December 6, 2023

LOS ANGELES, Dec. 6, 2023 /PRNewswire/ -- Adsmovil, a minority owned, digital first, Hispanic media company, in collaboration with Publicis Media and ThinkNow, announced the groundbreaking findings from their latest research study: "Embrace the Collective: The Hispanic Financial Journey." This comprehensive study provides a fresh perspective on the financial behaviors of the Hispanic community as compared to the non-Hispanic market, offering invaluable insights across acculturation levels and age groups, including Millennials, Generation X, and Baby Boomers. Full research findings and best practices to engage the Hispanic market will be presented at a webinar on December 7, at 10:00am PT / 1:00pm ET. Those interested can click here to register.

Key Points: 
  • This comprehensive study provides a fresh perspective on the financial behaviors of the Hispanic community as compared to the non-Hispanic market, offering invaluable insights across acculturation levels and age groups, including Millennials, Generation X, and Baby Boomers.
  • "The Hispanic Financial Journey" equips financial advertisers with actionable data to better serve this diverse and expansive consumer cohort.
  • "As a Hispanic First, digital media company, we are proud to lead the charge in revealing these critical insights.
  • "Embrace the Collective: The Hispanic Financial Journey" has uncovered valuable data that will empower financial entities to engage with the Hispanic market more authentically and effectively.

Nearly 3 in 5 Americans Say They Are More Likely to Give Bigger Tips During Holiday Season

Retrieved on: 
Wednesday, December 6, 2023

NEW YORK, Dec. 6, 2023 /PRNewswire/ -- With the holiday season upon us, the majority of Americans claim they won't be resembling Ebenezer Scrooge this year when it comes to tipping. A new survey conducted by The Harris Poll, commissioned by DailyPay, reveals 59% of Americans say they tend to give bigger tips during the holiday season compared to the rest of the year.

Key Points: 
  • A new survey conducted by The Harris Poll , commissioned by DailyPay , reveals 59% of Americans say they tend to give bigger tips during the holiday season compared to the rest of the year.
  • Overall, nearly 3 in 10 Americans (29%) doled out gratuities more often than in the previous year.
  • More than a third (37%) of Americans say they often find themselves unable to tip because they don't have cash on hand.
  • According to the survey, most Americans (88%) believe that employees should receive the tips they've earned immediately/the same day.

New EY research reveals the majority of US employees feel AI anxiety amid explosive adoption

Retrieved on: 
Wednesday, December 6, 2023

NEW YORK, Dec. 6, 2023 /PRNewswire/ -- The artificial intelligence (AI) boom across all industries has fueled anxiety in the workforce, with employees fearing ethical usage, legal risks and job displacement, according to new data from Ernst & Young LLP (EY US).

Key Points: 
  • The AI Anxiety in Business Survey is based on findings from 1,000 employed US workers at least somewhat familiar with artificial intelligence (AI) about their perception of and experience with AI-backed technologies, revealing a majority (71%) of employees are concerned about AI.
  • Given the uncertainty around AI in the workplace, employees and leaders alike are bracing for disruptions.
  • A staggering 75% of employees are concerned AI will make certain jobs obsolete — and more alarmingly, about two-thirds (65%) say they are anxious about AI replacing their job.
  • The EY survey found employees would be more comfortable using AI at work if employees from all levels were involved in the adoption process (77%) and if senior leadership promoted using AI responsibly and ethically (77%).

Unlocking the Needs of Today's Affluent Investors, and Opportunities in Each Generation, for Advisors

Retrieved on: 
Wednesday, December 6, 2023

BERWYN, Pa., Dec. 6, 2023 /PRNewswire/ -- In an effort to unlock the intricacies of the affluent investor's mindset by generation, Envestnet, a leading provider of integrated technology, intelligent data, and wealth solutions, and The Center for Generational Kinetics today unveiled insights from their groundbreaking national study. This annual research delves into the generational nuances of affluent American investors, offering financial advisors actionable insights to foster trust, align business strategies, and ensure unparalleled service amid the headwinds of today's uncertain market landscape.

Key Points: 
  • The study unearthed a precipitous decline in the sense of financial security among affluent Americans from 72% in 2022 to 59% in 2023.
  • Turning to their future sense of financial security, 62% of affluent Americans expressed worry about their financial future in 2023, up from 46% in 2022.
  • This decremental shift reflects intensified uncertainties, market volatilities, and shifting global dynamics which have occurred over the past year.
  • The prominent reliance of affluent Americans on financial professionals for advice and planning activities indicates the profound influence and trust vested in advisors.

A Third or More Young Investors Acted on Misleading Online Financial Advice

Retrieved on: 
Monday, December 4, 2023

COLUMBUS, Ohio, Dec. 4, 2023 /PRNewswire/ -- As investors become inundated with financial advice in the news and on social media, misguided advice from unqualified sources – such as relatives, generative artificial intelligence (AI) or online influencers – has become more prevalent and actionable. However, willingness to implement and trust financial advice from online sources varies by generation, according to Nationwide's ninth annual Advisor Authority survey, powered by the Nationwide Retirement Institute.

Key Points: 
  • That's why it's important to scrutinize the financial information you find online – or better yet, turn to an advisor for help ."
  • Younger investors, whose upbringing has coincided with the rise in online information (and misinformation), are navigating the financial advice they find on the internet differently than older investors.
  • More than four in ten (41%) Gen Z and 34% of Millennial investors have encountered, then acted on misleading or factually incorrect financial information seen online or on social media.
  • By contrast, older investors appear to be more cautious about online financial information, making them less likely to fall victim to misleading advice: just 6% of Baby Boomer investors have acted on misleading or factually incorrect financial information seen online or on social media — the least of any generational cohort.