Economics/Class Relations

Boomer homebuying bonanza

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April 5, 2023
Hello, Insiders. I’m Jennifer H. Cunningham, the editor in chief of Insider’s news division. Yesterday, the eyes of the world turned to a New York City courtroom, where former President Donald Trump was arraigned on 34 felony counts of falsifying business records.

We’ve got top takeaways from the historic day, and we revealed that Donald isn’t the only Trump to have faced an arrest. We’re also monitoring Trump’s reaction to his day in court, the mood at Mar-a-Lago and Melania’s curious absence. Be sure to visit our live blog of all the latest updates.


In today’s edition:

— Jennifer H. Cunningham

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Murdoch, Charlie Javice, and more

  • Rupert Murdoch’s engagement ended two weeks after he announced it. Read more.
  • Charlie Javice, the Frank founder who’s accused of defrauding JPMorgan out of $175 million, has been hit with federal charges. Read the full story — and check out Insider’s investigation that found Javice has a pattern of exaggerating her success.
  • A YouTuber was shot while making a prank video in a Virginia mall. Tanner Cook of the Classified Goons YouTube channel said the shooting suspect didn’t take the joke “very well.” More here.
Want to keep up with Insider’s top stories throughout the day? Get updates on the go with our app.

Boomer buying bonanza

Bill Oxford / Getty Images; Arif Qazi / Insider


Millennials are desperate to buy a home — but cash-flush boomers are standing in their way.

Millennials have never had it easy in the housing market. But the sheer size of the generation, combined with the fact that many of its members have now reached prime-homebuying age, means that more millennials are literally getting their foot in the door with each passing year.

After a decade in which millennials sat atop the housing-market heap, though, baby boomers have suddenly and unexpectedly seized the upper hand.

Between July 2021 and June 2022, new data shows boomers were the largest share of homebuyers for the first time since 2012. The numbers game favors millennials, but a slew of other factors conspired to let boomers stick it to their successors.

While the sudden reversal is a sign of the financial strength of boomers, it also underscores the bleak prospects for millennials and the growing divides within the generation.


Work wives, travel debate, & more

Luis Alvarez/Getty Images
  • Gen Z and millennials are clashing over the idea of work wives. Half of millennials say it’s inappropriate to have a work spouse, but most Gen Zers and boomers are cool with it, according to a new poll. More here.
  • Here’s where everyone in America is moving to. We looked at domestic migration data from the Census Bureau to see which counties people have moved around the US. Check out our map.
  • “I lied on my résumé to get a better-paying job.” An accounting employee lied about work experience and software proficiency to get their current job — because they didn’t want to be judged for the gap in their résumé. Why this person thinks others should do the same.
  • A student used ChatGPT to get out of a parking ticket. Millie Houlton told Insider she felt she’d been wrongly fined and wanted to save time by using generative AI to write her appeal. Read more.
  • The debate around travel etiquette reignites. TikTokers are rushing to support a man who refused to let a passenger sit in the seat he was allocated. In the viral clip, the man can be heard saying, “Sorry, I pay for my place.” Watch it here.
  • Seven patients allege that an Arkansas doctor imprisoned them in a psych facility. They say he used coercion, threats, and sedatives to hold them for days with no legal authority. Three of the patients said they couldn’t leave until sheriff’s deputies helped them escape. More here.
  • A couple moved from California to Utah seeking financial freedom. Ian Hughes and Jai-Yu Fu moved to start their own business, but after three years, the couple say they want to move back. Here’s why.

Costly cars

Toyota; Chevrolet; Nissan; Ford
These cars have gotten less affordable since the pandemic. Industry experts at pulled data on the average list price for the 10 most popular used gas-powered cars that were one to five years old. If you’re in the market for one of these vehicles, you might want to see what they’re listing for as several have ballooned in price. See the full list.

Food Wars

US vs UK Cinnabon.
From calorie count to portion sizes, we wanted to find all the differences between Cinnabon in the US and the UK. Insider’s Joe Avella and Harry Kersh walk you through the full comparison. Check it out.

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This edition was curated by Jennifer H. Cunningham, and edited by Hallam Bullock, Lisa Ryan, Dave Smith, Jensen Rubinstein, and Jack Robert Stacey. Get in touch:

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