Latest news with #ZipRecruiter
Newsweek
5 days ago
- Business
- Newsweek
Gen Z Salary Expectations for First Job Surge From 2 Years Ago
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Gen Z's salary expectations are skyrocketing as economic pressures mount. While male college graduates expected to earn $71,900 yearly in 2023, that number surged to $101,500 in 2025, according to ZipRecruiter. Why It Matters Gen Z-ers, those born between 1997 and 2012, may be entering a job market that doesn't meet their expectations. In 2025, recent graduates had an average salary of $68,400, which was more than $30,000 less than the expectations of rising graduates entering the workforce. What To Know In 2025, rising graduates expected a $101,500 salary on average, according to ZipRecruiter. That was a stark difference from what they actually brought in on average, a salary of $68,400. Salary expectations were also substantially higher than they were just two years ago, when ZipRecruiter reported that graduating women expected to earn $69,200, while men expected $71,900. That represents a nearly $23,000 increase when accounting for inflation. However, some workplace analysts believe it symbolizes that the younger generation is just becoming more aware of their own value. "Real wages have been falling for years, all while companies post record profits and reward execs with obscene bonuses and golden parachutes," HR consultant Bryan Driscoll told Newsweek. "Gen Z sees the disconnect and is willing to stand up to try to bridge the gap. They, like many other generations, realize their labor has value, and they're not afraid to walk if they're undervalued." Stock image of college graduates tossing their caps into the air. Stock image of college graduates tossing their caps into the air. Getty Images What People Are Saying Kevin Thompson, the CEO of 9i Capital and the host of the 9innings podcast, told Newsweek: "Cost of living is up, and Gen Z isn't just feeling it, they're demanding more because of it. It's about rent, groceries, and the fact that homeownership feels like a fantasy for many. As inflation pushes prices higher, salary expectations naturally follow." Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "While some in prior generations will roll their eyes at Gen Z's salary expectations, these monetary desires, while mostly unrealistic, reflect the inflationary pressures Americans are facing and the realization the lifestyle they want to achieve requires a higher level of financial success. "Typically, younger members of the workforce want to spend more of their discretionary income on entertainment and travel, both industries that have seen a huge leap in pricing since the pandemic. It's easy to see when you factor in those prices, paired with the elevated cost of living, why many are calling for higher salaries right out of the gate." HR consultant Bryan Driscoll told Newsweek: "Gen Z isn't pulling the $100K number out of thin air. They're responding to the reality of skyrocketing rent, absurd student debt, and jobs that demand more while attempting to pay less. Honestly this is just about basic math, and I think they're under-calculating." What Happens Next Gen Z is expected to make up 58 percent of the global workforce by 2030, and their salary expectations could cause disarray between companies and workers. "Inflation doesn't just squeeze consumers; it squeezes employers too," Thompson said. "Why? Because to retain top talent, employers have to pay up. Gen Z knows their value and if one employer won't meet the mark, someone else will."
Yahoo
24-05-2025
- Business
- Yahoo
7 Aspects of the American Dream Now Unattainable for Middle Class, According to Austin Williams
Middle-class life, once the hallmark of the American Dream, is becoming increasingly challenging to afford, according to money influencer Austin Williams. He recently used a YouTube video to share the observation many people share, but few voice. Learn More: Find Out: However, it doesn't mean the dream is dead, but it does mean Americans have to put in more effort. Here are several more items that are no longer within reach for the average person of middle class status in the U.S. Home ownership is a classic symbol of the American Dream, yet it is becoming increasingly out of reach for the middle class. More than 90 percent of Americans live where home prices have increased faster than the median income, with inflation-adjusted pricing jumping by 65% between 2000 and 2020. Average incomes during that time 'barely rose,' the U.S. Department of the Treasury reported. Williams said to buy a home in this increasingly challenging economic climate, Americans need to embrace the concept of planning ahead. He believes you can still attain that milestone by saving slowly for a down payment, building up a good credit score and waiting for the right opportunity. Read Next: Americans have long considered college the pathway to the middle-class American Dream. However, as Williams highlighted in his video, more and more graduates are emerging with mountains of student debt and sustained unemployment. According to the Education Data Initiative, the average bachelor's degree student graduates with $29,550 in student loan debt. Unfortunately, repaying that debt proves more challenging than many students expect. ZipRecruiter data showed 23% of graduates take more than three months to find a job, and 5% of recent graduates are still searching. Williams's answer is to minimize borrowing and make sacrifices early. He believes in living at home when possible, and using resources like community college, scholarships and grants to minimize debt at graduation. In 2004, 83% of retirees felt they had enough money to live comfortably. By 2024, that number had dropped to 74%. Although that's still a respectable percentage, only 45% of workers believe they'll be comfortable when it's their turn. Williams blamed this trend on the decline of the employer pension and the difficulty of saving in a challenging economy. He admitted that responsibility for retirement falls on the individual, and encouraged people to plan early. Keeping expenses low and investing intelligently are his go-to strategies. Williams knows grocery costs are squeezing the middle class. The U.S. Department of Agriculture reported the price of food increased 23.6% from 2020 to 2024, and basic staples account for much of the increase. The Farm Bureau explained that egg prices increased by 350% per dozen from 2024 to 2025, partially because of the recent avian flu outbreak. Although the average person can't do much about this challenge to the American Dream, Williams believes small strategies still make a difference. He recommended using a meal plan, buying in bulk and searching for savings wherever possible. A car in the driveway has been a staple of the American Dream for years, but it's becoming less affordable. According to Kelly Blue Book, the average new car costs a near-record $49,740. It's not surprising that 40% of Americans have car payments, or that over 75% pay $300 or more a month. Williams's solution? Start with a low-end used car and eventually trade up, avoiding taking on large payments. According to the Peterson-KFF Health System Tracker, Americans spent an average of $13,432 per person on healthcare in 2023 — over $3,700 more per capita than any other developed nation. These costs have left 20 million Americans with medical debt. Williams believes the best defense is to maintain good health habits so it's easier to live with less costly health insurance. This option involves a bit of luck, but the average person can do little to change the cost of healthcare. Williams believes the U.S. is moving toward a 'two-class society,' where people are either doing well or seriously struggling. He thinks the days of resting comfortably in the middle class are gone, leaving this group to rely on their financial savvy. 'Now, more than ever, it's important to be more proactive and resourceful in your life,' he said. 'Focus on the things you can control, like your spending, your mindset, your goals and your expectations.' More From GOBankingRates How Far $750K Plus Social Security Goes in Retirement in Every US Region 7 Things You'll Be Happy You Downsized in Retirement This article originally appeared on 7 Aspects of the American Dream Now Unattainable for Middle Class, According to Austin Williams Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-05-2025
- Business
- Yahoo
Are You Underpaid? 9 Tools To Compare Your Salary With Industry Standards
Everyone thinks they deserve a higher salary for the work they do, and they could be right. Luckily, if you think you're underpaid, there are many tools and resources out there to check. Read Next: Check Out: Here's more information on the current state of salaries in the U.S., as well as nine tools to compare your salary with industry standards. Also see the median salary of Americans your age in every state. According to ZipRecruiter, the average industry standard hourly pay in the U.S. is $18.56 an hour (between $17.31 at the 25th percentile to $20.91 at the 75th percentile), as of May 8, 2025. However, higher pay and career advancement can fluctuate depending on your education, skills, experience and location of employment. You could be worth more than your employer is paying you. But to figure out whether you're truly being underpaid compared with those doing similar work at your own and other companies, there are tools available to check on industry standard salaries. Explore More: There are numerous workplace signs that will tell you if your underpaid. If your salary hasn't changed in a long time (but your responsibilities have), if new hires are making more than you, if your company has been profitable but you haven't seen any rewards — these are things to consider if you believe you are underpaid. To make sure you're getting fair compensation from your hard work, you can compare your pay with industry norms. The following nine tools can assist you in benchmarking your pay. Glassdoor: Glassdoor is known for its job listings, company reviews and salary data, which is provided anonymously and presented in ways that are useful to the job searcher or the wage curious. provides verified salary submissions, so the leveling information it provides helps professionals navigate and improve their careers and what they should be paid. U.S. Bureau of Labor Statistics (BLS): For those undaunted by spreadsheets, the BLS site has wage data and job characteristics for over 800 occupations and 400 industries at the national level. Plus, it provides stats for all 50 states and for 395 metropolitan areas (and 130 nonmetropolitan areas). Reddit: You shouldn't take what you read in a Reddit post as gospel, but the communities are packed with actual pros who speak from experience about a job's strengths and weaknesses and salary expectations. Professional associations: Organizations in your chosen work field are extremely helpful not just for industry resources and trends but for income ranges too. For example, if you're a dental assistant unsure whether your current salary is fair, checking the American Dental Association's Dental Workforce Wages and Job Count Dashboard will give you information on state-level earnings and job count trends for dental staff personnel. O*NET: This under-the-radar site gets top marks for being so user-friendly. It provides plenty of useful salary comparison information, but its greatest strength is its 'My Next Move' search, which literally prompts 'I want to be a…' to search career keywords, 'I'll know it when I see it…' to browse industry jobs, and 'I'm not really sure…' to uncover your interests. Payscale: Payscale's compensation services and software are best in class and offer users a search of over 45 million active salary profiles across more than 31,000 cities. U.S. Office of Personnel Management (OPM): If you're a government worker, moving up the ladder might help grow your salary, as might a move to the private sector. Regardless, if you're looking for a job in the federal government, the OPM site has 2025 salary tables for comparison and hiring information, work schedules, and pay and leave policies. Indeed: As reported by Money, Indeed claims to be the largest employment website in the world. Not only does it have loads of job listings, but its salary search will give you the information you're seeking within a couple of clicks. Additionally, Indeed's jobs reports and salary insights are invaluable resources to those searching for a new job or thinking about it. More From GOBankingRates What $1 Million in Retirement Savings Looks Like in Monthly Spending The New Retirement Problem Boomers Are Facing 5 Little-Known Ways to Make Summer Travel More Affordable 10 Unreliable SUVs To Stay Away From Buying Sources ZipRecruiter, 'Industry Standard Salary.' Money, '5 Best Job Search Sites of 2025.' This article originally appeared on Are You Underpaid? 9 Tools To Compare Your Salary With Industry Standards Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Here's the Average Monthly Income for Boomers in 2025
In 2025, baby boomers — people born between 1946 and 1964 — make up around a quarter of the U.S. population, according to the Population Reference Bureau. Some are fully retired, some semi-retired, but many are still working full time. Be Aware: Try This: According to data from ZipRecruiter, the average monthly income for boomers in 2025 is approximately $6,038, which translates to about $72,456 per year. But that number only tells part of the story. When broken down by factors like employment status, location, and personal financial planning, there's significant variation within this generation. Unlike younger generations, like millennials, who are largely working full-time, boomers have a broader range of income scenarios. Some are making money via full-time or part-time jobs, while others are living primarily off Social Security, pensions or investments. That said, the relatively high monthly average of $6,038 isn't that surprising, since boomers typically benefited from: Longer and more stable careers Higher rates of homeownership Access to traditional pensions Earlier entry into the workforce, without the burden of massive student loan debt. And because they've had decades to accumulate wealth, many boomers are now able to live comfortably, even if they've drastically reduced their working hours or fully retired. Find Out: Where boomers live has a huge impact on how much money they make. In states with higher costs of living — and higher salaries — like California and New York, many boomers still bring in lucrative income, especially if they work in sectors like healthcare, law or consulting. According to ZipRecruiter's state-level breakdown, boomer income varies considerably: Washington: $82,066/year ($6,868/month) New York: $79,272/year ($6,606/month) California: $71,510/year ($5,959/month) Louisiana: $61,961/year ($5,163/month) Arkansas: $59,916/year ($4,993/month) Florida: $54,148/year ($4,512/month) It's also important to note that though many boomers are already collecting retirement income, a large number are still working, either out of necessity or choice. According to the U.S. Bureau of Labor Statistics, the labor force participation rate for people aged 65 and older has been steadily increasing and is projected to keep climbing into the next decade. As of 2023, 26.9% of people between 65 and 74 were working, and 8.3% of those 75 and older were working. The income streams from boomers who are still working can push their average earnings significantly higher than those of fully retired peers. On the other hand, retirees living off fixed incomes — Social Security, pensions, investment withdrawals — often earn far less than the national boomer average, sometimes under $3,000 per month. This gap is why averages can sometimes be misleading without context. Boomers, on average, do much better financially than other generations, especially when you include investment and retirement income. For example, many millennials — born between 1981 and 1996 — are still in mid-career phases and haven't yet hit their peak earning years, which typically fall within the late 40s to 50s, whereas boomers are already benefiting from decades of wealth accumulation. Boomers also tend to own more assets. Many have already paid off their houses or built a good amount of equity in their homes. Some may also earn passive income from rental properties or dividends from stocks. Plus, strong economic growth, accessible housing markets and sustained stock market performance during their peak working years helped boomers amass a level of wealth to which no other generation can compare. According to Allianz, boomers are the richest generation in history, and no one will come close to their savings. The relatively high average monthly income for boomers in 2025 doesn't mean every boomer is financially secure, but it does show that many are benefiting from decades of career stability, homeownership and disciplined saving. Younger generations are facing a different reality. High housing costs, student debt and a more unpredictable job market make saving harder than it used to be. But even so, long-term planning still matters. If you can, start saving early and diversifying your income sources so you can set yourself up for a more comfortable retirement, just as many boomers did decades ago. More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 8 Items To Stock Up on Now in Case of Tariff-Induced Product Shortages How Much Money Is Needed To Be Considered Middle Class in Every State? 6 Big Shakeups Coming to Social Security in 2025 Sources ZipRecruiter, 'Boomer Salary.' Population Reference Bureau, 'Just How Many Baby Boomers Are There?' U.S. Bureau of Labor Statistics, 'Civil labor force participation rate by age, sex, race, and ethnicity.' Allianz, 'Financial assets: surprising relief.' This article originally appeared on Here's the Average Monthly Income for Boomers in 2025 Sign in to access your portfolio
Business Insider
09-05-2025
- Business
- Business Insider
Analysts Offer Insights on Industrial Goods Companies: Kornit Digital (KRNT) and ZipRecruiter (ZIP)
There's a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Kornit Digital (KRNT – Research Report) and ZipRecruiter (ZIP – Research Report) with bullish sentiments. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Kornit Digital (KRNT) William Blair analyst Brian Drab maintained a Buy rating on Kornit Digital yesterday. The company's shares closed last Thursday at $19.18. According to Drab is a 4-star analyst with an average return of 17.9% and a 65.0% success rate. Drab covers the Industrial Goods sector, focusing on stocks such as Donaldson Company, Generac Holdings, and nVent Electric. Currently, the analyst consensus on Kornit Digital is a Strong Buy with an average price target of $29.60. ZipRecruiter (ZIP) In a report released yesterday, Ralph Schackart from William Blair maintained a Buy rating on ZipRecruiter. The company's shares closed last Thursday at $5.71, close to its 52-week low of $5.26. ZipRecruiter has an analyst consensus of Hold, with a price target consensus of $7.60.
