High home prices and mortgage rates are driving a surge in build-to-rent communities. Investors are capitalizing on this trend, constructing upscale suburban rentals that attract those priced out of homeownership. This shift has outpaced homeownership growth, altering the American housing landscape and sparking debate about market dynamics and affordability.
Gen Z, once the fiercest critics of millennial fashion, are now embracing the very styles they once mocked. This unexpected trend revival reveals the cyclical nature of fashion and the accelerating pace of nostalgia in modern culture.
The luxury travel market is experiencing explosive growth, projected to reach $1.65 trillion by 2031. Fueled by rising HNWIs, a thirst for unique experiences, and technological advancements, this sector offers lucrative opportunities and fascinating trends.
EF Ultimate Break, a leading provider of guided experiential tours for young adults, is offering significant discounts on its popular trips for the upcoming holiday season. The company is focusing on affordability, sustainability, and unique experiences in Asia, reflecting the evolving travel preferences of Gen Z and Millennials. This early Black Friday sale features a range of options, from city stays to multi-country adventures, with flexible payment plans and a commitment to responsible travel.
The average age of U.S. homebuyers has skyrocketed to 56, highlighting the struggles young Americans face in today’s housing market. High home prices, rising mortgage rates, and economic pressures create insurmountable barriers for Millennials and Gen Z, leaving them on the sidelines of homeownership. This article delves into the factors driving this trend, explores the challenges young buyers face, and examines potential solutions and alternative approaches.
A new survey reveals a growing financial divide between young homeowners and renters, with Millennials and Gen Z homeowners experiencing significantly better financial outcomes compared to their renting counterparts. This disparity highlights the impact of homeownership on economic well-being, particularly during a period of rising interest rates and inflation.
American Express has expanded its partnership with Formula 1 from the Americas to a global level, aiming to enhance fan experiences and tap into the growing popularity of the motorsport among Millennials and Gen Z. This comes alongside American Express becoming the sole owner of Swisscard and reporting mixed third-quarter results.
Chinese travelers, particularly millennials and Gen Z, are embracing a new approach to vacationing, combining physical activity with their explorations. This trend, fueled by a growing focus on wellness and government investment in sports, is transforming travel destinations across China.
A recent Schwab Asset Management study reveals that ETF investors remain optimistic about their portfolios despite market volatility and economic concerns. The study also highlights the growing popularity of cryptocurrencies among ETF investors, particularly among millennials.
American Express Travel has announced its top 10 trending destinations for 2025, catering specifically to Millennial and Gen Z travelers. The list features unique and culturally rich locations based on Amex Card Member travel bookings and expert insights. American Express also highlights its expanded Hotel Collection program, offering exclusive perks and luxury experiences at over 1,000 hotels worldwide.
