CBX Daily 10/25/2024

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CultureBanx Team
October 25, 2024

Today, Gen Z’s choose mental wellness over career security, but let’s start with how tuition insurance could offer HBCU students a valuable opportunity …

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Is HBCU Tuition Insurance Worth It For Students?

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College tends to be one of the biggest financial commitments people make and now companies are offering ways to lessen the burden through tuition insurance. On average, tuition insurance costs roughly 1% of your total tuition costs, according to the National Association of Insurance Commissioners. Given the graduation rates at historically Black colleges and universities (HBCU), is this a smart move to protect your money?

Why Gen Zs Are In The Quick Hire-Fire Cycle

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Would you quit your job if there was no option for working remotely? Probably not in this economy. Well, a Gen Z wouldn't think twice about it. In fact, 30% would forego this opportunity. Factors like dress codes, work life balance and unsatisfactory remunerations are just some of the top reasons they would quit or get them fired. A closer look reveals that this has become the norm. Gen Zs are a quick hire and fire. So why can't they be absorbed in the job market and leave once they reach the retirement age?

IPO Market Rebounds Unlocking Opportunities For Diverse Investors

CBX Vibe:

IPO Growth Unlocks PotentialAfter a major slump due to pandemic-driven economic uncertainty, the IPO market is regaining its footing with renewed investor confidence. As of the end of Q3 2024, we’ve seen 104 initial public offerings, a promising uptick from the near halt of the last few years. While this number doesn’t yet reach pre-pandemic figures—254 IPOs annually on average—it suggests that the shift in market conditions, notably lowered interest rates, has triggered a new wave of companies seeking public capital.

Tune-in Tuesdays!

X's shift in how users can block people for more engagement raises important questions about privacy and user autonomy. While the intention may be to foster interaction and connection, it risks undermining users' control over their online experiences? What are your thoughts on this?

A. "Privacy" by Chris Brown - The loss of personal space and autonomy is becoming eroded and it is coming at a significant cost.
B. “More Chaos" by Ken Carson - There are feelings of instability and confusion and how control is slipping away as we try to connect in the digital age.
C. "Numb" by Linkin Park - Like many platforms, the changes are so overwhelming that we’re slowly getting used to losing control over our identity.

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

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Last week’s results are in and it looks like its ‘Exponential Potential. ’ Protests are the way to grow and bring change.

Racial Inequity Adding $51 Trillion Drag On The Economy

CBX Vibe:

Economists have taken on the task of quantifying the cost of racial inequity on the U.S. economy over the past 30 years, through a report published by the Brookings Institute along with Federal Reserve Bank of San Francisco President Mary Daly. Using white men as the basis of parity, they estimate the U.S. GDP could have gained $51 trillion ($23 trillion from labor alone) since 1990 if racial gaps were closed. In 2019, over the period of just one year, the potential gains from equity total $2.6 trillion. This is just another addition to a growing portfolio of literature that quantifies the tremendous cost of discrimination in this country.

"It's Not You, It's Me," Said Inflation To My Paycheck

CBX Vibe:

Contrary to what our grandparents might believe, fewer stops to the local coffee shop and the elimination of our avocado toast habit, won’t have the impact on our overall net worth that they might have expected. That’s because post-pandemic, Americans are still struggling to see their wages keep up with inflation. In fact, since January of 2021, prices have increased by roughly 20%, while wages have only grown by 17.4%, a non-trivial difference when we think about spending power.

Vibes of the Week

Will HBCU students catch the "Smoke" by getting tuition insurance? Ari Lennox lets us know in our CBX Vibes!