Gen Z and Boomers have something in common

Gen Z and Boomers have something in common

Welcome to The Money, where we break down financial news and provide the TL;DR version of how decisions by the Federal Reserve, government and companies impact you.

When it comes to work priorities, Gen Z and Millennials often get a bad rap. But it turns out older generations have similar goals. They just may have different ideas about how to get there.

According to a survey from Harris Poll that's exclusive to USA TODAY , roughly 75% of boomers and Gen Xers said the person they are away from work is their main priority. But while Gen Z and millennials are more likely to be up front with demands for remote work , flexible work hours, and time off to take care of their mental and emotional health, older workers are more likely to section off their days. When they're at work, they're completely engrossed, but once they're home , they want to be left alone to enjoy their lives.

Still, financial stability is top of mind across generations. USA TODAY is chronicling Americans' concerns about their financial health, and how younger workers are reshaping the idea of the American Dream. Check out the links to our coverage below.

FAFSA gets a redo

The Free Application for Federal Student Aid, or FAFSA , can be a tedious but necessary form high schoolers fill out to find out how much financial aid they can receive if they go to college. Now, that application process is getting simpler.

The class of 2024 will be the first to fill out a more streamlined FAFSA. Additionally, unlike previous years, the form will become available in December instead of the usual Oct. 1.

In some ways it should be worth the wait. There will be 36 questions instead of 108. Importing income information from tax records will be smoother, and the Department of Education has tweaked its formulas so that more people may qualify for financial assistance in the wake of legislation passed in 2020.

The downside? The later availability of the form gives applicants less time to fill it out, and the new qualification metrics focus on wealth rather than cash flow. Critics contend that could mean families with several children, or who own their own business, get less aid. USA TODAY reporter Medora Lee breaks it all down. ? ?

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Wages are finally topping inflation but Americans aren't feeling it. Our economics reporter Paul Davidson explains why.

They can't buy into their parents American Dream. Young people, squeezed between student loan debt and sky-high home prices, feel the financial stability achieved by previous generations may be out of reach.

More car recalls. Kia and Hyundai are recalling over 3.3 million vehicles due to problems that could lead to potentially deadly fire hazards.

Retail theft leads to store closures. Target has said it will shutter nine location s in New York City, the San Francisco Bay area, Portland and Seattle "because theft and organized retail crime are threatening the safety of our team and guests and contributing to unsustainable business performance,'' the retailer stated in a press release.

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Fil Neri

Bachelor’s student at the University of Pisa with a strong passion for Marketing, Innovation and Sustainability

1 年

Useful article. Well explained Paul Davidson. Thank you for posting USA TODAY.

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