The Money Section | Is Your Industry Safe?

͏What investors aren’t thankful for. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ [The Charlotte Observer]( November 23, 2022 • Issue #9 [The Money Section] This week, we’re looking at Gen Zers’ optimism regarding their economic future, the industries that are still hiring despite tough economic times, and what stock market insiders are predicting for 2023. A surprising optimism. [Gen Z]( Money; Getty Images Even though our economy’s future may look bleak, 38% of Gen Zers say they will be better off financially than their parents, and 43% expect to fare the same, according to a new survey. The older generations, on the other hand, do not share in this optimism. [Read more.]( 💎 Bling on the rise. Gen Zers are buying luxury items at around age 15 —5 years earlier than millennials—, making them the largest drivers of a niche market that is expected to grow 21% this year. [Is the luxury market recession-proof?]( 📱 Stock faves. Notwithstanding market volatility —the S&P 500 has lost more than 20% since the beginning of the year— Gen Zers are starting to invest in the stock market. However, they’re passing on once-hot tech stocks in favor of new ones. [What are the new generation’s favorite stocks?]( Still hiring. [Layoffs]( Franziska Barczyk for Money As tech layoffs loom, and even though hiring overall in the U.S. has declined by 10.6% in the past year, industries like healthcare, education, and utilities are holding up well, according to a recent report by LinkedIn. Will this trend continue in 2023? [Here’s what insiders are predicting.]( 📈 A deflated giant. Last week, the e-commerce juggernaut Amazon announced it would slash its workforce by 3%, meaning that over 10,000 corporate workers would be laid off. This is the largest round of layoffs in the company’s history, and it’s still uncertain whether or not [more cuts are to be expected.]( ✂️ It’s not just Twitter. After strong years for the sector in 2020 and 2021, many tech companies have struggled in 2022 as consumer spending has shifted. Twitter is making the most buzz with its massive laying off of employees this week, but it’s not the only one: [there are the other big tech companies that have announced upcoming layoffs.]( A rough 2023. [2023]( Money, Getty Images Inflation, a persistent bear market, and rising interest rates have made for a very difficult 2022 when it comes to investing. Furthermore, investors are now adding something else to their list of worries: corporate earnings forecasts. To find out why investing experts are saying 2023 could be a rough year for the stock market, [read more.]( 😖 Not so thankful. Cryptos are crashing. The S7P 500 has plunged by 17%. Nasdaq is in a bear market. Rates have risen to historic levels, and the housing market is still going through very confusing times. All in all, this is why [investors have very little to be thankful for in 2022.]( 👩 💻 Keep your eye on the prize. Amid this volatile market, it’s understandable that investors want to keep it safe by hitting the “pause” button on investing. But there’s no reason to panic. According to experts and insiders, here’s why [you should keep investing during market downturns.]( Smart Money Move Improving your credit could save you thousands [Card] [Credit]In light of rising interest rates, repairing your credit could be a good move to save money in the long run. If you’re a homeowner, studies indicate that improving your score from ‘fair’ to ‘very good’ could save you close to $50,000 over the life of your mortgage. That’s around $250 a month, depending on monthly payments — nothing to sneeze at during high inflation. And while repairing your credit can be a daunting task, the right credit repair company can make the process easier. By disputing mistakes on your behalf and potentially having them removed from your credit report, your score may improve over time along with your finances. [View the Best Credit Repair Companies of 2022]( Stories we're reading this week - [How to Get a Free Turkey for Thanksgiving]( - [It's Not Your Imagination: Shopping on Amazon Has Gotten Worse]( - [You Now Need to Earn Six Figures to Afford the Typical Home in the U.S.]( - [Your Google Searches Are Quietly Evolving. Here’s What’s Next]( - [The incredible shrinking future of college]( - [Deck the Halls Without Wrecking Your Wallet: Save 40% on Holiday Home Decor]( The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive marketing emails from The Charlotte Observer. 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