Neil Freiman

They're the richest generation by far.

It's nearly twice as much as Gen X, four times as much as millennials.

They're sitting on so much housing wealth.

The housing market has gone gangbusters over the last decade or so, and it's just exploded.

So they have a lot of wealth.

They're not necessarily looking for a job either.

Meanwhile, younger people are entering the job market looking at, yes,

AI and automation and just this general hiring freeze that's going on in the United States.

And their optimism around the job market has just fallen off a cliff.

We should say, though, that in terms of history, their optimism toward the job market

is not historically low.

Job prospects, they felt worse about their job prospects, young people, in the 2000s, in the 2010s.

And then in terms of globally, they're more positive than a significant share of peers.

The United States young people ranked 87th out of the 141 countries surveyed.

South Korea had just 28% of their youth said it was a good time to find a job.

So it's just that gap that's big.

Overall, young people in America are necessarily more pessimistic about the job market than other peer countries.

Moving on, stalking people on Venmo is about to get a lot more difficult.

The payment app is getting its biggest redesign since it was first launched, and new users will, by default, be placed into a privacy setting where their posts will only be viewable to friends and not the public.

That's just one facet of sweeping changes coming to Venmo over the next several weeks.