Economics/Class Relations

Gen Z knows it pays to live at home

February 6, 2023
Hello, Insiders. I’ll be focusing my notes this week on an incredible series from our documentary team: “Risky Business.” The series uncovers how certain industries and jobs operate at high human costs — giving us a glimpse into the heartbreaking realities people face across the world.

Let’s kick things off with our documentary about the people risking their lives hunting for deadly explosives in Afghanistan. It follows a man who faces danger every day to earn money for his family. We also meet a 10-year-old bomb victim, whose wounds are a testament to how dangerous it is to be near these weapons. It’s just under 10 minutes — I recommend finding time to watch. But first, the news.

— Nicholas Carlson

In today’s edition: Why Gen Z is opting to live at home, laid-off employees are paying the price for CEOs screwing up, and Insider’s Adam Rogers tried going all-electric in the kitchen. If this was forwarded to you, sign up here.
THE LATEST

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  • Videos from Turkey show widespread destruction in the aftermath of a magnitude 7.8 earthquake. The death toll is thought to be well above 1,000. Watch here.
  • A Russian passenger plane caught fire in Thailand after a top Russian official said the country’s planes were safe despite sanctions on its airlines. Read the full story.
THE BIG STORY

Confessions of 20-somethings who live at home

iStock; Robyn Phelps/Insider

 

It’s expensive to fly the coop these days — and for many Gen Zers, it’s simply not worth the headache.

Young people are living at home at historic rates. Even though some make enough money to afford rent in a big city, people in their 20s are opting instead to move back in with mom and dad — which lets them spend more on luxurious items and experiences. Think $5,000 Chanel handbags and thousand-dollar trips to Europe.

Insider talked to four people about the trade-offs they made to move back in with their families — and what they splurge on with the money they’re saving, including fancy meals and dream vacations.

READ THE FULL STORY HERE
 

TOP READS

Tech CEOs screwed up, gas stove debate, & more

Rachel Mendelson/Insider

 

  • “I settled the gas stove debate with a $69.99 induction cooktop from Ikea.” Gas stoves are hot right now, politically speaking. But Insider’s Adam Rogers set out to answer one question: Is induction actually better? Read his story here.
  • Silicon Valley needs to stop laying off workers — and start firing CEOs. Leaders at top tech companies set their teams on an unsustainable course, investing in “boneheaded new ventures,” Ed Zitron writes. Why it’s time to hold chief executives accountable.
  • The most hyped tiny-home startup in the US has issues. Boxabl has more than 160,000 customers, including Elon Musk. But disgruntled customers, an empty factory, and a tie to an alleged Iranian agent cloud its future. Inside the drama.
  • From $40 to $4 million in revenue. Tori Dunlap teaches customers how to invest, save money, and build startups. She shares the best business investments she made and what to avoid. Read her tips.
  • It’s the perfect time to find a new job. Despite all the news about layoffs, now is a great time to apply, based on labor-market data, survey results, and experts. Why now is the time to make the leap.
  • Using ChatGPT as an efficiency tool. OpenAI’s popular chatbot won’t take your job anytime soon, but it can boost your productivity and save you time at work. Seven ways ChatGPT can make your life easier.
  • The millennial boss’ guide to managing Gen Z. The COVID-19 pandemic, constant war, and a climate crisis. Gen Z has been shaped by chaos and disaster. By 2025, they’re expected to make up 27% of the workforce — and they’ll insist on doing things their own way. Read more.
 

 

TAKE A LOOK

Two of the most popular EVs

Tim Levin/Insider
Insider’s Tim Levin got to try both Tesla’s Model Y and Mercedes’ EQB, two spacious and attractive electric SUVs. Both have their perks, but here’s why he thinks the Tesla is the better buy.

 

WATCH THIS

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From calorie count to portion sizes, we wanted to find all the differences between MrBeast Burger in the US and the UK. Watch here.
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This edition was curated by Nicholas Carlson and edited by Hallam Bullock, Lisa Ryan, Dave Smith, Nathan Rennolds, and Kevin Kaplan. Get in touch: insidertoday@insider.com.

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