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Business Insider
an hour ago
- Business
- Business Insider
Meet America's typical live-at-home 20-somethings
In 2023, around 40% of younger Americans lived with their parents. Living with mom and dad is a popular safety net for Gen Zers who face steep housing costs, expensive higher education, and a shaky job market. "If you have the luxury of being able to move back home and pay less for rent, groceries, and other basic bills and put some money away in an emergency fund or towards other big financial goals, it can be a really big deal," Matt Schulz, chief consumer finance analyst at LendingTree, told Business Insider. BI examined the demographics of America's live-at-home young adults — the 42% of 18- to 30-year-olds who lived with at least one parent — using the 2023 American Community Survey, available from the University of Minnesota's Integrated Public Use Microdata Series. So, who made up that 42%? The charts below show the young adults who were more likely to be living at home. A majority of young adults living with at least one parent were men Over half of young adults living with at least one parent were men, while just under half of young adults not living with a parent were men. There's also a cultural element to multigenerational living. Pew Research Center found Black, Hispanic, and Asian young adults in the US were more likely than white young adults to live with their parents. Young adults living with at least one parent were more likely not to be in school The share of young adults living with at least one parent in the household who were in school was about double that of those living on their own — 39% compared to 20%. They're less likely to have a college degree Fourteen percent of young adults with at least one parent in the household had a bachelor's degree as their highest educational attainment, compared to 27% of those without a parent. Single young adults were more likely to live with at least one parent More young adults without a parent in the household were married than those living with at least one parent. Nearly all young adults living with at least one parent were never married or single, at 96%. They're not stay-at-home kids; they're more likely to be working than not Almost two-thirds of young adults with at least one parent in the household were employed, compared to 82% of young adults without a parent in the household. The share of young adults living at home who were out of the labor force — that is, neither employed nor looking for work — was nearly double that of those living on their own. While many were employed, they weren't earning as much as those not living with a parent On average, employed young adults with at least one parent in the household weren't working as many hours or making as much money as their peers who didn't have a parent in the household. According to Pew Research Center researcher Richard Fry, who authored a recent report on where in the country younger Americans live with their parents, young people are more likely to live with their parents when jobs are hard to come by and wages are stagnant. Pew previously found the share of people living in multigenerational households surged during the Great Recession and continued rising afterward. Living at home can also mean being disconnected from work and school There are those who choose to live at home for family connection and financial convenience, and there are others who don't have a choice. So-called disconnected youth who aren't employed or in school made up about 11% of the 16 to 24 age group in 2022, per a 2024 report from the research firm Measure of America. This cohort was more likely than their peers to live in poverty, lack health insurance, and receive government aid. Minorities and young people of color have higher rates of disconnection. "These are creative young people who, for a whole host of reasons, haven't had the opportunities or the support they've needed to explore what they want to do and figure out how to transition to adulthood in a way that's exciting for them," said Megan Millenky, a senior research associate at MRDC who studies youth development.
Business Insider
an hour ago
- Business
- Business Insider
Meet America's typical live-at-home 20-somethings
Your parents' basement might be looking pretty good these days. In 2023, around 40% of younger Americans lived with their parents. Living with mom and dad is a popular safety net for Gen Zers who face steep housing costs, expensive higher education, and a shaky job market. "If you have the luxury of being able to move back home and pay less for rent, groceries, and other basic bills and put some money away in an emergency fund or towards other big financial goals, it can be a really big deal," Matt Schulz, chief consumer finance analyst at LendingTree, told Business Insider. BI examined the demographics of America's live-at-home young adults — the 42% of 18- to 30-year-olds who lived with at least one parent — using the 2023 American Community Survey, available from the University of Minnesota's Integrated Public Use Microdata Series. So, who made up that 42%? The charts below show the young adults who were more likely to be living at home. A majority of young adults living with at least one parent were men Over half of young adults living with at least one parent were men, while just under half of young adults not living with a parent were men. There's also a cultural element to multigenerational living. Pew Research Center found Black, Hispanic, and Asian young adults in the US were more likely than white young adults to live with their parents. Young adults living with at least one parent were more likely not to be in school The share of young adults living with at least one parent in the household who were in school was about double that of those living on their own — 39% compared to 20%. They're less likely to have a college degree Fourteen percent of young adults with at least one parent in the household had a bachelor's degree as their highest educational attainment, compared to 27% of those without a parent. Single young adults were more likely to live with at least one parent More young adults without a parent in the household were married than those living with at least one parent. Nearly all young adults living with at least one parent were never married or single, at 96%. They're not stay-at-home kids; they're more likely to be working than not Almost two-thirds of young adults with at least one parent in the household were employed, compared to 82% of young adults without a parent in the household. The share of young adults living at home who were out of the labor force — that is, neither employed nor looking for work — was nearly double that of those living on their own. While many were employed, they weren't earning as much as those not living with a parent On average, employed young adults with at least one parent in the household weren't working as many hours or making as much money as their peers who didn't have a parent in the household. According to Pew Research Center researcher Richard Fry, who authored a recent report on where in the country younger Americans live with their parents, young people are more likely to live with their parents when jobs are hard to come by and wages are stagnant. Pew previously found the share of people living in multigenerational households surged during the Great Recession and continued rising afterward. Living at home can also mean being disconnected from work and school There are those who choose to live at home for family connection and financial convenience, and there are others who don't have a choice. So-called disconnected youth who aren't employed or in school made up about 11% of the 16 to 24 age group in 2022, per a 2024 report from the research firm Measure of America. This cohort was more likely than their peers to live in poverty, lack health insurance, and receive government aid. Minorities and young people of color have higher rates of disconnection. "These are creative young people who, for a whole host of reasons, haven't had the opportunities or the support they've needed to explore what they want to do and figure out how to transition to adulthood in a way that's exciting for them," said Megan Millenky, a senior research associate at MRDC who studies youth development. In an unsteady economy, it's unlikely that Gen Z and younger millennials' interest in living at home will fade anytime soon. And, as Millenky said, the group reflects "quite a spectrum" of America's socioeconomic ladder.
Sky News AU
3 hours ago
- Business
- Sky News AU
Amazon boss announces it may need ‘fewer' employees in coming years as company explores AI
Amazon employees have had their biggest fears confirmed as the CEO announced an increased use of AI may result in 'fewer' workers needed in the company. In a message shared to Amazon employees this week, boss Andy Jassy stated AI is 'rapidly becoming reality,' as the company continues to invest in the technology. 'It's hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the country,' he said in the statement. Amazon is continuing to develop Generative AI to 'change the scope and speed at which we can innovate for customers,' and think 'strategically about how to improve customer experiences and invent new ones.' 'Today, we have over 1,000 Generative AI services and applications in progress or built,' Mr Jassy said. Despite the high number of AI systems, Mr Jassy said Amazon is still at the 'relative beginning' of its journey with AI, and encouraged employees to invest in the service. 'Those who embrace this change, become conversant in AI, help us build and improve our AI capabilities internally and deliver for customers, will be well-positioned to have high impact.' Frustrated employees have shared their thoughts in internal messages, revealed by Business Insider, claiming Mr Jassy has finally 'said the quiet part out loud.' 'There is nothing more motivating on a Tuesday than reading that your job will be replaced by AI in a few years,' one employee said. 'Our CEO doesn't seem to have a vision for the company other than 'do what we do today cheaper, and also AI will happen',' said another. Other staff said Amazon should look for more ways to work alongside AI, rather than using it to replace employees. 'We need to lead the change in reframing AI as partners (even teammates or colleagues) rather than AI as replacements or tools,' an employee said. It comes after popular language learning app Duolingo came under fire for announcing the platform would only hire new employees if they can prove work could not be automated with AI. 'We'll gradually stop using contractors to do work that AI can handle,' CEO Luis von Ahn said in a statement.
Business Insider
5 hours ago
- Entertainment
- Business Insider
Kelsea Ballerini says fitness in her 20s was all about looks. Here's what changed once she hit her 30s.
In her 20s, Kelsea Ballerini says she worked out to look good. Now that she's in her 30s, it's all about feeling good — physically, mentally, and emotionally. In an interview with People published on Wednesday, the country music star spoke about how her approach to fitness has changed over the years. "Especially in my early twenties and mid-twenties, the idea of fitness was very much only aesthetically driven, and that was my goal," Ballerini, 31, told People. Now, she wants to be healthy and have the energy to keep up with her career and the people she loves. "The goal now is like, can I run around onstage for 90 minutes and have that energy to do it? Can I wake up and take both the dogs on a walk, and make sure that Dibs is going to all of his doctor appointments, and I'm on Zooms in the middle of it? Can I be present for everything that I need to? Can I make time for my friends, for my family, in the middle of all the chaos?" Ballerini said. While Ballerini practices Pilates to stay in shape, her go-to workout is a good walk. "Walking is so good for you. It also makes you get fresh air and some good sunshine, and that's so good for your mental health," she said. Diet-wise, Ballerini follows the 80/20 rule: eating healthily 80% of the time and being more flexible for the remaining 20%. She also says she enjoys eating at home, and her go-to meal is a chimichurri steak, which she has "a couple of times a week." However, there's one guilty pleasure she can't give up: McDonald's. "As a kid, I was such a picky eater, and my parents joke with me, like, 'All you would eat were waffles and chicken nuggets.' So I think it's just probably my inner child craving it still," Ballerini said. Six health and fitness specialists previously shared with Business Insider five key habits people can adopt in their 30s to boost longevity. They include eating a Mediterranean diet, wearing sunscreen, and managing stress. A representative for Ballerini did not immediately respond to a request for comment sent by BI outside regular hours.
Business Insider
5 hours ago
- Business
- Business Insider
'Keep AI on the leash' because it's far from perfect, says OpenAI's cofounder Andrej Karpathy
Andrej Karpathy thinks we're getting way too excited about AI, especially when it comes to deploying agents that act without supervision. In a keynote at an event hosted by Y Combinator earlier this week, the computer scientist said people need to "keep AI on the leash." The OpenAI cofounder said current large language models still make mistakes no human ever would. Karpathy likened LLMs to "people spirits" — uncanny simulations of human intelligence that hallucinate facts, lack self-knowledge, and suffer from "amnesia." "They will insist that 9.11 is greater than 9.9 or that there are two R's in 'strawberry,'" Karpathy said in a talk published on Y Combinator's YouTube channel on Thursday. "They're going to be superhuman in some problem-solving domains and then they're going to make mistakes that basically no human will make." Even though LLMs can churn out 10,000 lines of code in seconds, he said, that doesn't mean developers should sit back and let them run wild. "I'm still the bottleneck," he said. "I have to make sure this thing isn't introducing bugs." "It gets way too overreactive," he added. Karparthy urged developers to slow down and write more concrete prompts. "I always go in small incremental chunks. I want to make sure that everything is good," he said. "It makes a lot more sense to spend a bit more time to be more concrete in your prompts, which increases the probability of successful verification, and you can move forward," he added. Karparthy did not respond to a request for comment from Business Insider. The OpenAI cofounder coined the term "vibe coding" in February to describe the process of prompting AI to write code. The idea, he said, is that developers can "fully give in to the vibes" and "forget the code even exists." AI still needs supervision Karpathy isn't the only one urging caution. Bob McGrew, OpenAI's former head of research, said on an episode of Sequoia Capital's "Training Data" podcast earlier this week that human engineers are still essential — not just to guide AI, but to step in when things get messy. When something goes wrong or if a project "becomes too complicated for AI to understand," a human engineer can help break the problem down into parts for an AI to solve. AI agents are like "genies," said Kent Beck, one of the authors of the seminal "Agile Manifesto" — they'll often grant your wish, but not always in the way you'd like them to. "They will not do what you mean. They have their own agenda," Beck said on a recent episode of " The Pragmatic Engineer" podcast. "And the best analogy I could find is a genie. It grants you wishes, and then you wish for something, and then you get it, but it's not what you actually wanted." Beck also said results are so inconsistent that using AI to code can sometimes feel like gambling. Despite the nascent tech's limitations, even the biggest tech companies are betting on AI for the future of coding. AI writes more than 30% of Alphabet's new code, up from 25% last year, said CEO Sundar Pichai on the company's most recent earnings call.
