Latest news with #YOLO
NBC News
a day ago
- Business
- NBC News
When it comes to saving, Gen Z asks: ‘What's the point?' That's dangerous, expert says
Gen Z seems to have a case of economic malaise. Nearly half (49%) of its adult members — the oldest of whom are in their late 20s — say planning for the future feels 'pointless,' according to a recent Credit Karma poll. A freewheeling attitude toward summer spending has taken root among young adults who feel financial 'despair' and 'hopelessness,' said Courtney Alev, a consumer financial advocate at Credit Karma. They think, 'What's the point when it comes to saving for the future?' Alev said. That 'YOLO mindset' among Generation Z — the cohort born from roughly 1997 through 2012 — can be dangerous: If unchecked, it might lead young adults to rack up high-interest debt they can't easily repay, perhaps leading to delayed milestones like moving out of their parents' home or saving for retirement, Alev said. But your late teens and early 20s is arguably the best time for young people to develop healthy financial habits: Starting to invest now, even a little bit, will yield ample benefits via decades of compound interest, experts said. 'There are a lot of financial implications in the long term if these young people aren't planning for their financial future and [are] spending willy-nilly however they want,' Alev said. Why Gen Z feels disillusioned That said, that many feel disillusioned is understandable in the current environment, experts said. The labor market has been tough lately for new entrants and those looking to switch jobs, experts said. The U.S. unemployment rate is relatively low, at 4.2%. However, it's much higher for Americans 22 to 27 years old: 5.8% for recent college grads and 6.9% for those without a bachelor's degree, according to Federal Reserve Bank of New York data as of March 2025. Young adults are also saddled with debt concerns, experts said. 'They feel they don't have any money and many of them are in debt,' said Winnie Sun, co-founder and managing director of Sun Group Wealth Partners, based in Irvine, California. 'And they're wondering if the degree they have (or are working toward) will be of value if A.I. takes all their jobs anyway. So is it just pointless?' About 50% of bachelor's degree recipients in the 2022-23 class graduated with student debt, with an average debt of $29,300, according to College Board. The federal government restarted collections on student debt in default in May, after a five-year pause. The Biden administration's efforts to forgive large swaths of student debt, including plans to help reduce monthly payments for struggling borrowers, were largely stymied in court. 'Some hoped some or more of it would be forgiven, and that didn't turn out to be the case,' said Sun, a member of CNBC's Financial Advisor Council. Meanwhile, in a 2024 report, the New York Fed found credit card delinquency rates were rising faster for Gen Z than for other generations. About 15% had maxed out their cards, more than other cohorts, it said. It's also 'never been easier to buy things,' with the rise of buy now, pay later lending, for example, Alev said. BNPL has pushed the majority of Gen Z users — 77% — to say the service has encouraged them to spend more than they can afford, according to the Credit Karma survey. The firm polled 1,015 adults ages 18 and older, 182 of whom are from Gen Z. These financial challenges compound an environment of general political and financial uncertainty, amid on-again-off-again tariff policy and its potential impact on inflation and the U.S. economy, for example, experts said. 'You start stacking all these things on top of each other and it can create a lack of optimism for young people looking to get started in their financial lives,' Alev said. How to manage that financial malaise Young adults should try to rewire their financial mindset, experts said. 'Most importantly, you don't want to bet against yourself,' Sun said. 'See it as an opportunity,' she added. 'If you're young and your expenses are low, this is the time to invest as much as you can right now.' Time is working in their favor, due to the ability to compound investment growth over multiple decades, Alev said. While investing might 'feel impossible,' every little bit helps, even if it's just investing $10 a month right now into a tax-advantaged retirement account like a Roth IRA or 401(k). The latter is among the easiest ways to start, due to automatic payroll deduction and the possibility of earning a 'match' from your employer, which is 'probably the closest thing to free money any of us will get in our lifetime,' Alev said.
Yahoo
2 days ago
- Entertainment
- Yahoo
Millennials Are Confessing The Most YOLO Things They've Done Recently, And I Kind Of Feel Bad For Them
If the Gen-Zs have DIFTP (Do It For The Plot), then millennials have yolo: You Only Live Once. According to the Urban Dictionary, "It practically makes you believe you can do ANYTHING," a user wrote. For any dear readers who WEREN'T in the know circa 2011-2013, it's the mantra you say to yourself to self-soothe when you send that risky text, book a tropical vacation on credit, or order a round of shots when you know you have brunch with your boyfriend's parents the next day. It's the headspace of: not exactly responsible — but hey, here for a good time, not a long time. So, in honor of #YOLO, someone in the r/Millennials subreddit recently asked, "Is the millennial 'yolo' movement still alive? What's the most irresponsible thing you've done lately, financially or otherwise?" Here's what people had to say: 1."A girl I was messaging on a dating app asked me to go out with her at like 10 p.m. on a Wednesday. She was already out. I got home around 3 a.m. and had to get up for work in less than 4 hours." "But I got a girlfriend now." — Short-While3325 2."I moved to Europe, lol yolo." — SomthingClever1286 "May this type of yolo energy find me." — Celesteven 3."Paid an extra $300 to get heated seats in my very boring and safe new car because I've always wanted them." — PhysicalMuscle6611 "It's just so soothing to relax in a nice warm seat." — P0ETAYT0E "It's not about warming up anymore, it's about soothing the back pain." — Longjumping_Suit_256 4."Bought a $7k guitar, then got fired three days later. Yolo." — PhallusTheFantastic "Now you have time to play!" — astoriaboundagain 5."Mine is a house, got laid off nine months later 💀." — timid_soup 6."I ate dairy." — LateDaikon6254 7."Still riding the adrenaline high from buying full price New Balance 990s two days ago." — neercatz 8."On a similar note, I just bought sparkly jelly shoes today. My 10-year-old self is very happy." — lifesok 9."Flying to London just to see Beyoncé." — LucilleLooseSeal123 10."$200 Lego set. I literally said 'yolo' as I put it in the cart, lol." — hold-up-a-sec 11."I went to Nashville over the weekend, Saturday-Monday. I spent over $100 per day, but don't worry, I'm going to Italy in two weeks." Tap to play GIF Tap to play GIF Lordn / Getty Images, Peacock / Via — Serraph105 "Same, but I spent way more than that. My friend was going and I was like 'sign me up' #yolo #girlstrip." — ElkHot5818 12."I buy concert tickets a lot. I have not regretted a single one." — Moneymovescash 13."Shit, I buy a energy drink and say yolo." — feelinit9 14."I stopped paying medical bills. What are they gonna do, re-break my back? Fuck 'em." — Snicklefraust 15."Bought 24 eggs." — Bluemink96 "Big spender right here." — tawnywelshterrier 16."Paid $6,000 for donor sperm when I'm not even sure I want kids." Tap to play GIF Tap to play GIF Friends / Via Pattonmania / Getty Images "I got about 14 days to change my mind and ask for a partial refund." — MariMada "I love that you can get a partial refund on jizz." — black-kramer 17."Vasectomy — yolo!" Francesco Marzovillo / Getty Images, Reddit / Via — Justasillyliltoaster 18."I just bought a $1,000 bean bag chair." — ignatzami "Lovesac?" — whoooocaaarreees "Yep!" — ignatzami 19."We sprung for a suite hotel room." "We're taking the kids to Japan for three weeks in October and said fuck it, let's get some elbow room while we're there." — dnvrm0dsrneckbeards 20."Pregnant AND eating out? What am I, a Rockefeller?!" — cleois 21."Bought a house in this economy and these times." — Bubbly_Seat742 22."I stayed up past 10 this weekend. Yolo." — sortahuman123 23."I'm eating potato chips and scrolling on Reddit while on a diet. Yolo." — Greedy-North Will yolo ever come back? Is it too ~cringey?~ Whatever, yolo! Fellow millennials, what's the most yolo thing you've done lately? Share it in the comments! Note: Responses have been edited for length/clarity.
Yahoo
5 days ago
- Entertainment
- Yahoo
Stephen Chow's "Women's Soccer" concluded filming
4 Jun – It was reported that Stephen Chow's "Women's Soccer" (previously reported as "Shaolin Women's Soccer") has officially wrapped production. The film, which has been in production for the past few months, has now concluded with Dilraba Dilmurat finishing her final scene on 2 June. Other leading cast members, including Zhang Xiaofei and Lay Zhang had already wrapped their parts earlier. Not much information has been revealed about the production, which has maintained strict confidentiality since it began in March, sparking widespread speculation about the casting order and lead roles. This include the confusion regarding who the lead actress is. Earlier, it was reported that Zhang Xiaofei ("YOLO") was selected to be the star of the film. However, fans began to speculate that it was Dilraba instead, due to the fact that she was filming until the last day of shoot. The movie, which marks the return of Stephen Chow as director, follows the inspiring journey of China's women's football team, the Emei Squad, as they compete in the AFC Champions League. The movie is the follow up to 2001's "Shaolin Soccer." (Photo Source: Daily View, Dilraba Weibo)
Reuters
30-05-2025
- Business
- Reuters
From TACO to FAFO, investors love parodies of Trump acronyms
NEW YORK, May 30 (Reuters) - Four months into President Donald Trump's second term, market observers have taken a cue from his fondness for condensing slogans into catchy acronyms like MAGA, DOGE and MAHA, and devised a few of their own that have been spreading across trading desks. Even those acronyms that do not directly reflect a specific trading strategy, still capture factors that traders say are important in Trump-era markets, such as volatility and uncertainty, that investors need to consider when making decisions. Some of the new labels are associated with investment strategies that aimed to capitalized on Trump's economic and trade polices, and international relations goals. Others riff off economic implications or his abrupt U-turns as markets and trade partners react to his proposals. The "Trump Trade" that played on the Make America Great Again theme in the wake of his November election victory and January inauguration, and contributed to record highs on Wall Street in February, is hardly discussed now that stocks, the dollar and Treasury bonds have succumbed to worries about his tariff polices. "Post the election, we heard a lot about YOLO (You Only Live Once), which seemed to promote taking outsize risks in a concentrated investment theme," Art Hogan, strategist at B. Riley Wealth, said. YOLO, is an acronym used to describe the tendency that was part of that Trump trade to chase high momentum strategies such as cryptocurrency. "While the term YOLO was popular for a period of time, it goes against all traditional advice," Hogan said. Here are of few more acronyms that have gotten play in the investment world in recent weeks: ** TACO (Trump Always Chickens Out) - This one coined by a Financial Times columnist, has been used as a way to describe Trump's to-ing and fro-ing on tariffs in the wake of his April 2 "Liberation Day" speech. When asked about TACO in a recent press conference, the president lashed out, calling the question "nasty" "Where we end up might not be too far from what he promised on the campaign trail. So, does he always chicken out? I wouldn't go as far as to say that," said Christian DiClementi, fixed income portfolio manager at AllianceBernstein. "I think that he wants to rebalance the economy without pushing it off a cliff. And we're watching that being executed in real time. I think some of the ideas are thought out and some of them change on the fly." ** MEGA (Make Europe Great Again) - Mega first coined last year to address European competitiveness, resurfaced this Spring as a way to describe the flurry of investor interest in and flows into European markets. MEGA hats, spoofing their MAGA counterparts, are easily purchased online It's been revived by investors and traders in light of the outperformance European stocks in the immediate aftermath of Trump's "Liberation Day" tariffs bombshell. ** MAGA (Make America Go Away) - While the original Trump Trade was also known as the MAGA trade, this variation cribbed the president's motto, first appearing in response to Vice President JD Vance's brief and unfruitful visit to Greenland, the autonomous territory of Denmark, which Trump has expressed interest in annexing. At least one Canadian investor says that quip is making the rounds of trading desks in Toronto and Montreal and sparking "wishful thinking" about simply boycotting U.S. investments. ** FAFO (Fuck Around and Find Out) - Although the acronym also came into being well before Trump's inauguration, it is being heard with increasing frequency in trading desk conversations. It is used to capture the financial market's volatility and chaos that Trump's policymaking process has created. Mark Spindel, chief investment officer of Potomac River Capital LLC, described the market as being caught in a "pinball machine as a result of that policymaking process." When reached for comment, White House spokesman Kush Desai said in an email "these asinine acronyms convey how unserious analysts have consistently beclowned themselves by mocking President Trump and his agenda that've already delivered multiple expectation-beating jobs and inflation reports, trillions in investment commitments, a historic UK trade agreement, and rising consumer confidence."
Yahoo
29-05-2025
- Entertainment
- Yahoo
Dilraba Dilmurat is the actual "Shaolin Women's Soccer" lead?
29 May – Although it was previously rumoured that Dilraba Dilmurat will be playing a guest role or a supporting character in Stephen Chow's "Shaolin Women's Soccer", many are now speculating that the actress actually has a bigger role and might be the lead in the movie. It was previously reported that the lead actress for the movie, which has been filming in a hush-hush, was Zhang Xiaofei, who is most known for her many collaborations with comedienne Jia Ling. Many speculated that Zhang was the lead originally due to her jersey number in the movie, which bore the same No. 10 like Stephen had in his own film. On the other hand, Dilraba reportedly has a No. 8 jersey on. However, it was recently revealed that the "YOLO" actress has already completed all of her parts in the film even before the crew finished shooting. However, Dilraba, who has participated in the shoot since day one, is reported to will only conclude her role in June, sparking speculations that she is the actual star of the movie. Notably, the production of "Shaolin Women's Soccer" has been extremely low-key and secretive about the shoot. It is said that the film was shot in a large stadium in Shenzhen, Guangdong and a large number of tents, cranes and rest vehicles were set up in the venue. (Photo Source: Dilraba Weibo, Zhang Xiaofei Fanpage IG)
