Mark Kassen, Chi Osse, Carmel Crimmins and Chris Evans at the Reuters Affordability Gap event focusing on Gen Z and millennials, New York City. REUTERS/Eduardo Munoz
Inflation raises prices. The job market is patchy. And the lack of affordable housing is putting pressure on finances.
Why does creating a stable financial life feel more difficult than ever?
Take AI seriously
His advice? Jump on the artificial intelligence bandwagon, pronto. But do it in a way that allows you to separate yourself from the technology.
Ed Elson. REUTERS/Eduardo Munoz
Be curious. AI is one of the most disliked entities in the world.
Ed Elson
For example, AI is bad at interacting with people and networks, Elson says. Connecting with people and building relationships can be your unique strength.
“Take AI seriously as a teenager,” says Elson. “What can you do that AI can’t do?”
Put your mind to work, and let yourself dream, too. Read fiction as well as nonfiction.
Stand up for your rights
One of the most effective ways to make your voice heard is to vote – not only in federal elections, but to participate in your local level, says New York City Council member Chi Ossé, who was elected to office at the age of 23 and represents the Brooklyn neighborhoods of Crown Heights and Bedford-Stuyvesant.
Voting in local elections is very important, especially when it comes to affordability.
Chi Osse
Chi Osse at the Reuters Affordability Gap event. REUTERS/Eduardo Munoz
That’s because local representatives have more say when it comes to issues that affect daily life, including rent control laws, than someone like the president or Congress, Ossé argues.
Ossé’s other top tip? Become a Citi Bike member if you live in New York City — and take advantage of bike-sharing programs if you live elsewhere — to save on gas, parking or car service costs.
“It’s very fast and cheap,” says Ossé.
Look beyond college
A college degree may provide one path to success, but it’s not the only one, argues Aaron Hedlund, chief economist for domestic policy at the White House Council of Economic Advisers.
“It is very important to be successful no matter where you go.”
Aaron Hedlund. REUTERS/Eduardo Munoz
He is a reckless guy. I like to study math. Not everyone wants to do that.
Aaron Hedlund
Hedlund said students should consider federal aid options such as Pell Grants. Beginning July 1, 2026, new Workforce Pell grants will help eligible students pay for approved short-term job training programs in high-demand fields. Students should confirm program eligibility before enrolling.
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Edited by Nick Zieminski
Our standards: The Thomson Reuters Trust Principles.
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