Latest news with #babyboomers
Yahoo
2 hours ago
- Business
- Yahoo
Younger workers say a tough job market is pushing them to lie on resumes — and few regret it
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. Ten percent of job seekers said they've lied on their resume, typically about dates of employment, years of experience and job responsibilities in previous roles, according to a May 28 report from AI Resume Builder. Among those who lied, 76% said they received a job offer, and 81% said the lie helped them get the job. Only 21% said they regret lying on their resume, and 92% said their lies were never discovered. 'Candidates lie on their resume when they feel stressed about their search,' said Soozy Miller, head of career advising at AI Resume Builder. 'With recent layoffs, many people are out of work and worried about the job market. Job seekers feel that the job market is so tough right now that actions such as lying on a resume to get a job are justified.' In the survey of more than 7,800 U.S. adults, younger workers and men were more likely to lie on their resume. GeneratYounger workers say a tough job market is pushing them to lie on resumes — and few regret it ion Z job seekers were most likely to lie, with 20% saying they did so, compared to 13% of millennials, 8% of Generation X and 4% of baby boomers. About 12% of men and 7% of women said they had lied. The top reasons for lying included a competitive job market, a lack of interview offers and feeling underqualified. In addition, 29% said they lied to try to land a higher salary; 20% said they believed others were also lying; and 11% said they were encouraged to lie by someone else. Artificial intelligence tools such as ChatGPT appear to play a role, with 31% of those who lied saying they used AI to craft their resume. When using AI tools, job seekers may make their experience sound more impressive, reframe gaps or weaknesses and phrase information in a more professional way. AI also helped applicants by suggesting fake accomplishments or experience, such as skills, certifications or even jobs. Among those who use AI at work, 90% said having AI skills makes them more confident about applying for jobs that they aren't fully qualified for, which could indicate they may stretch the truth on resumes or trust AI can help them fake it after they're hired, the report found. Ten percent may be an underestimate; a 2023 survey by ResumeLab put that number much higher, and even higher numbers reported they'd lied in cover letters and job interviews. Applicants said they embellished skills, job responsibilities and previous job titles. Although most job seekers use AI for basic help, some may use it to forge documents, create fake resumes and evade applicant filters, experts told HR Dive. Companies can combat this by using AI in screening platforms to verify documents, candidates' identities and video calls. During the next six months, AI will change recruiting dramatically, according to a LinkedIn Talent Blog post. Both employers and applicants can expect to demonstrate more transparency about AI use during the hiring process, a recruiting leader at Zapier said. Recommended Reading Laid off from Hyland, recruiters, managers and workers join forces for the job hunt
Yahoo
3 days ago
- Business
- Yahoo
3 Rare Coins Boomers Should Hold Onto for at Least Another Decade
When you reach retirement age — as most baby boomers have — it's tempting to start cashing in your investments and putting the money into savings accounts or other risk-free assets. That's not always the best policy, though — especially when it comes to assets that consistently rise in value, like rare coins. Find Out: Learn More: The reason rare coins increase in value is simple: They will always be rare and that rarity will always lure collectors and investors. This creates steady demand, which in turn keeps pushing prices higher. Maximizing the value of rare coins by holding on to them is particularly important for boomers who are either already retired or are closing in on retirement. When you live on a fixed income, rare coins can serve as an ace in the hole in case you need a sudden infusion of cash to pay for a medical procedure or some other unexpected expense. Beyond that, the proceeds from selling a valuable rare coin could add tens of thousands of dollars a year to your nest egg. Here are three rare and valuable coins boomers should hold on to for at least another decade because of their expected price appreciation. Values listed reflect the high end of the price range, which typically means it is in or near mint condition. High-end value: $100,000 This famous coin with the iconic image is prized by collectors because of a mistake during the minting process. The right front leg of the buffalo was completely removed from the surface of the die, making it appear to have only three legs. According to a blog post on the Altier Rare Coins website, this 'accidental creation' has propelled the 1937-D Buffalo Nickel into the 'spotlight of the most sought-after and most expensive rare coins. Such a unique characteristic not only sparks intrigue among collectors but also significantly enhances its value.' Read Next: High-end value: $114,000 The Altier Rare Coins blog refers to two types of Liberty Head Double Eagle $20 coins: Type II (minted from 1866 to 1876) and Type III (1877 to 1907). Both types are expected to see values rise sharply in the coming years because of their gold content and historical significance. Market trends indicate 'a steady increase in value' for Double Eagles, according to Altier Rare Coins, particularly for 'well-preserved specimens.' puts the ballpark value of an 1883 Liberty Head Double Eagle in average condition at $60,000. However, one in mint condition could go for $114,000 or more. High-end value: $129,250 If you're looking for a good investment opportunity, Altier Rare Coins considers the Franklin half dollar a 'stellar option.' These coins were minted between 1948 and 1963 and feature both 'aesthetic beauty and significant value' and have seen a 'consistent upward trajectory.' Although you'll find plenty of Franklin half dollars that won't command much from collectors, there are rarities that range in value from a few hundred dollars to nearly $130,000. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money This article originally appeared on 3 Rare Coins Boomers Should Hold Onto for at Least Another Decade 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
3 days ago
- Business
- Yahoo
Net Worth for Gen X: Are You Poor, Middle Class, Upper Middle Class or Rich?
As a generational cohort, annual incomes among Gen X in the United States are all over the map, especially when compared to the older baby boomers or the younger generations of millennials and Gen Z. The gap between wealthy and poor Gen Xers (those born from 1965 to 1980) throughout American households shows quite the discrepancy in savings account levels, credit card debt and work-life balance. Be Aware: For You: What does set Gen X apart, aside from possibly being the last people to benefit from Social Security, is the gap between how much they want to save and how much they have saved. That gap lays out stark differences in their income levels — let's explore further below. With Gen X next up on the retirement chopping block, many non-retired Gen Xers and financial experts alike believe it will take between $1 and $1.5 million in savings to retire comfortably. This is unfortunate as the average savings for someone of this generation is only $150,000. Gen X, seemingly more so than baby boomers and millennials, has been forced to contend with skyrocketing costs of living, expensive education attainment and even upper-income households living paycheck to paycheck. For those living in a middle-class household with only about 10% of the recommended savings in the bank, this could mean severe delays in retirement planning or a huge downshift in lifestyle expectations. Find Out: It's not that all Gen Xers are struggling to meet their savings goals. The median net worth of Americans between the ages of 45 and 54 is $247,000, according to Federal Reserve data. Those between the ages of 55 and 64 have a median net worth of $364,000. One thing those figures tell you is that a lot of Gen Xers are worth much more than the median and a lot are worth much less. To get an idea of the typical earnings for a Gen Xer, a good place to start is the U.S. Bureau of Labor Statistics data. Here is what the BLS's latest report found: The median weekly earnings for all 119.2 million full-time wage and salary workers in the U.S. were $1,139 in 2024, or $59,228 a year. The median weekly earnings for men ages 45 to 54 were $1,442 a week or $79,984 a year. The median weekly earnings for women ages 45 to 54 were $1,156 a week or $60,112 a year. If you are a Gen Xer and your annual income ranges between about $60,000 and $80,000, you're probably somewhere in the middle-income category of American society. Defining 'upper-middle class' is a little trickier because there is no set measurement everyone agrees on. As USA Today reported, the upper-middle class is often defined as the top 15% to 20% of earners. However, some financial experts say those percentages should be lower. Whether you have lived in middle-income households or consider yourself part of the American upper-middle class, your social class may not get you as far as you think. Here are some income estimates from the Pew Research Center: Lower class: Incomes at or below $30,000 Lower-middle class: Incomes between $30,001 and $58,020 Middle class: Incomes between $58,021 and $94,000 Upper-middle class: Incomes between $94,001 and $153,000 Upper class: Incomes greater than $153,000 Top 1%: Incomes of at least $600,000 Those categories do a good job of giving you a general idea of where Gen X and others fall on the income scale, but they don't capture what it means to be 'poor' or 'rich.' Earning $30,000 a year makes you poor in some areas and lower-middle in others. Similarly, earning $153,000 a year does not really make you 'rich,' no matter where you live. The U.S. federal poverty level for 2025 can also be a good range of where your income will land you in the long term. Here are some estimates: 1-person household: $15,650 2-person household: $21,150 3-person household: $26,650 4-person household: $32,150 Each additional person after eight: Add $5,500 As for being rich, it depends on where you live. As GOBankingRates last reported, the income needed to be in the top 5% of earners ranges from a low of $308,523 a year in Mississippi to a high of $562,886 a year in New Jersey. Again, these figures apply to all generations, including Gen X. The bottom line is that, unlike for previous generations like boomers or even the silent generation, simple ingredients of the American dream such as affordable higher levels of education and real estate, along with retiring at a reasonable age, seem to now be allusive for Gen X. They are the first wave in the attack against the middle class. Each generation has its own relationship with money and it seems to present like the following: Boomers: It's all about the money. Gen X: Is it all about the money? Millennials: Where is the money? Gen Z: What is money? More From GOBankingRates 10 Genius Things Warren Buffett Says To Do With Your Money 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on Net Worth for Gen X: Are You Poor, Middle Class, Upper Middle Class or Rich? Sign in to access your portfolio
Yahoo
5 days ago
- Entertainment
- Yahoo
Move over dating apps — Gen Z is now having meet-cutes at book club
Are book clubs the new dating app? Nearly one in four book club members have had a meet-cute at their reading group, according to a new survey. The poll of 2,000 Americans who attend a book club found that a surprisingly high number (23%) have met someone they're interested in romantically at their club. Interestingly, men were significantly more likely to report having met a romantic interest at a reading group compared to women (38% vs. 16%). Conducted by Talker Research and commissioned by ThriftBooks, the study found that 44% of respondents would rather meet a romantic partner at their book club rather than on a dating app. And out of all generations, Gen X (45%) and Gen Z (47%) were most likely to opt for a book club meet-cute over a dating app. However, more than half of book club members (56%) confessed they like to keep their book club membership a secret from others in their life, with men being notably more likely to feel this way compared to women (69% vs. 48%). Investigating how much reading they're getting up to, the study found that book club members read 10 books, on average, in the last year. Twenty-eight percent of respondents said that they found it difficult to meet others with similar literary taste prior to joining a book club. And respondents' top reasons for joining reading groups, according to the study, were to read new books (68%), socialize (63%) and to make new friends (59%), with Gen Z and millennials (both 61%) being more likely to join book clubs in order to forge friendships, compared to older generations. Seeing where they meet, 42% of book clubs meet in-person, 11% meet online and 43% meet via a combination of in-person and online gatherings. Nearly all respondents (93%) agreed that meeting with a reading group has been therapeutic and 98% said it's improved their mental health. 'Not only are reading groups having a significant impact on readers' romantic lives and friendships, they're also hugely beneficial for book club members' mental health,' said Barbara Hagen, vice president of marketing at ThriftBooks. 'It's incredible to see that readers are joining reading groups for the literary aspect as well as the social and wellness benefits.' According to the survey results, Gen Z's favorite genre to read with their book clubs is romance (44%) while millennials (42%), Gen X (45%) and baby boomers (54%) all enjoy mystery books the most. When asked what they're currently reading with their group, popular books respondents cited include 'Fourth Wing,' 'Gone with the Wind,' the Harry Potter series, 'The Book Thief,' 'The Midnight Library' and 'The Outsiders.' And uncovering their all-time favorite group reads, popular titles listed were 'Little Women,' 'Pride and Prejudice,' 'The Help' and 'To Kill a Mockingbird.' Most readers (63%) said that social media has influenced them to read more in the past year and 57% follow book influencers on social platforms. Looking at where they're most active on social media, Gen Z respondents spend the most time interacting in book communities on TikTok (60%) while millennials (62%), Gen X (64%) and baby boomers (54%) are most active on Facebook. 'In the survey, we found that readers are meeting in-person, online, in hybrid in-person and online settings and even on social forums. They're also reading a diverse span of literature from recently-released titles to the classics and making friends and romantic connections along the way,' said Hagen. 'If you're curious about or interested in joining a book club, we encourage you to do it. There's a group out there for everyone.' POPULAR FAVORITE BOOK CLUB READS 'Little Women' 'Pride and Prejudice' 'The Help' 'To Kill a Mockingbird' 'The Nightingale' 'The Silent Patient' 'The Women' 'Where the Crawdads Sing' 'A Child Called It' 'It Ends with Us' 'Moby Dick' 'Milk and Honey'Talker Research surveyed 2,000 Americans in book clubs; the survey was commissioned by ThriftBooks and administered and conducted online by Talker Research between April 17 and April 24, 2025.
Newsweek
5 days ago
- Business
- Newsweek
Nearly 25% of Gen Z and Millennials Plan to Quit Their Jobs This Year
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. Nearly a quarter of Gen Z and millennial employees plan to quit their jobs within the next 12 months to pursue entrepreneurship, according to a new survey. The survey from found young employees are seeking more autonomy and meaning in their work, spurring a significant generational shift in workforce priorities. Why It Matters This generational shift toward entrepreneurship has the potential to reshape the United States' labor market, upending the traditional 9-to-5 model and influencing everything from skills development to employer-employee dynamics. As Gen Z was poised to outnumber baby boomers in the workforce for the first time in 2024, this trend could accelerate changes in workplace culture and the rise of the creator economy. The implications of this trend are being closely watched by employers, educators, and policymakers. What To Know reported that 79 percent of employed Americans showed interest in leaving their jobs to start their own businesses, with Gen Z and millennials driving the momentum. Data from their April 2025 survey indicated that 13 percent of Gen Z and 11 percent of millennials planned to quit their jobs within the next year, rates higher than those among baby boomers and Gen X. More than half of Gen Z respondents cited the pursuit of higher income as a primary motivator for leaving corporate work, compared to 49 percent of millennials and 45 percent of Gen X respondents. In addition, 46 percent of Gen Z reported seeking more purpose or autonomy, surpassing both Gen X (43 percent) and millennials (35 percent). Stock image of people working in an office. Stock image of people working in an office. Simon Turner/Construction Photography/Avalon/Getty Images "This kind of leap, this kind of risk, is easier to take when you're young, child-free, and have some cushion, whether that's savings, a partner's income, or just fewer bills," HR consultant Bryan Driscoll told Newsweek. "That's not an option for everyone. So when we see this trend, it's not just about ambition: it's also about who can afford to opt out of a broken system and who gets trapped in it." Data from Upwork's Freelance Forward Report showed that 70 percent of Gen Z workers worldwide were already freelancing or planned to do so, suggesting broad alignment with the entrepreneurial mindset. Another motivator was a lack of support in their careers, with just 21 percent of employed Americans saying they felt fully supported by their employers. Gen Z was the most likely to say that better mentorship or career development could encourage them to stay, with one in four indicating that such support would make them reconsider quitting. Concerns about financial instability (71 percent), fear of failure (53 percent), and the need for health insurance (41 percent) were the top reasons many hesitated to fully commit to entrepreneurship. What People Are Saying Drew Powers, the founder of Illinois-based Powers Financial Group, told Newsweek: "Especially post-pandemic, employees are looking for more in their work lives—more money, more meaning, more flexibility—all of which may be found in running their own business. Of course, what they may not realize is that it takes years of grinding to accomplish all three of those 'mores.' As the saying goes, 'business owners toil for decades to become an overnight success.'" Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "We've seen side hustles and part-time work that produces more income become increasingly popular with Millennials and Gen Z, and for good reason. These jobs can produce additional income to assist with rising expenses. For some, these side hustles become businesses of their own and have grown to be aspirational for many in both generations. "It's no surprise many are now attempting to make the jump from their current occupation to a self-sustaining business they can call their own." HR consultant Bryan Driscoll told Newsweek: "Gen Z and Millennials aren't running toward entrepreneurship because they all want to be the next Zuck, though I'm sure some think they will be. They're running away from toxic jobs and bosses, low pay, and employers who will discard them as soon as enough labor has been extracted. When work doesn't offer dignity, flexibility, or a livable wage, people find their own way. And increasingly, we're seeing that means building their own job." Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek: "First, they watched their parents grind through long careers with little freedom and, in some cases, not much to show for it. Secondly, they have time on their side. They can afford to take a shot at building something they actually care about. "Especially for Gen Z, it's not just about building another business. It's about building something meaningful. They want to make an impact. Profit matters, but purpose matters more." What Happens Next The movement of Gen Z and millennials into entrepreneurship is expected to intensify over the coming year, with further implications for the United States workforce composition and employer retention strategies. Ongoing labor market trends and generational dynamics will continue to shape how companies attract, develop, and retain talent as the entrepreneurial shift intensifies. "If the traditional employer-employee model keeps shifting, companies will have to pay more and offer more," Thompson said. "Gen Z and even Gen Alpha aren't afraid of work. They're just not willing to work for something that doesn't align with their values. They want purpose. They want flexibility, and they're not afraid to leave if they don't get it."
