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Miami Herald
3 days ago
- Business
- Miami Herald
The post-grad playbook: How new graduates can prep their finances for success, even in a rough economy
The post-grad playbook: How new graduates can prep their finances for success, even in a rough economy As this year's new college grads receive their sheepskins and throw their caps into the air, jubilation can turn very quickly to trepidation. That's because they are entering the most challenging job market for entry-level employees in years. Current, a consumer fintech banking platform, shares financial tips for new graduates as they navigate a challenging economy. The labor market for new grads "deteriorated noticeably" in the year's first quarter, says the Federal Reserve Bank of New York, with that group's unemployment rate jumping to 5.8%. That's the highest level since the pandemic was at full force back in 2021. Meanwhile, sky-high housing costs mean that young adults often don't have the ability to strike out on their own quite yet. The result: 46% of parents report their adult children (aged 18-35) moving back home, according to a March 2025 study from financial services firm Thrivent. "Housing affordability is a big factor here," says Alex Gonzalez, a financial consultant for Thrivent. "Adult children are moving out later, and marrying later. Often after college they temporarily boomerang back home." And there's nothing wrong with that. In fact, these days especially, it can be the smart financial choice. This transition time can actually be a "great opportunity," says Erin Lowry, personal finance expert and author of the bestselling "Broke Millennial" book series. New grads can take advantage of this period to get their financial lives in order: to build up their credit, put some money away in savings, and get a retirement account started. Then, when they are ready to fully launch out on their own, they will be much better positioned for financial success. Here are a few key planks that make for a strong financial foundation. Building credit One challenge many young adults face is that their credit records aren't yet fully formed, since they haven't had years of payment history. That takes time - and the post-grad period is ideal. "It's a great time to start building that credit score," says Thrivent's Gonzalez. "Even basic things like putting gas on your cards, and then paying it off and avoiding rotating balances. Things like that will help when you eventually apply for car loans or mortgages." These days, consumer fintechs have also opened up new avenues for building your credit. Everyday spending, including your daily expenses from buying groceries to gas to paying your bills, can help you build your credit history. Consumers who build credit using a secured credit card can see an average increase in credit score of 81 points within six months, according to Current's proprietary data. A more robust credit score (anything above 740 is seen as very good) will pay off in multiple ways, such as getting lower interest rates on loans, or even helping secure a new job. Yes, sometimes employers check your credit record. Shoring up savings Whether a young adult living at home should be paying 'rent' is really up to the individual family. But ideally, a new grad would be able to reliably put money away - perhaps to start an emergency fund of a few months' worth of expenses, or to save up for a deposit on a rental apartment or a down payment on a home. As they're doing that, they should make sure their money is working as hard as possible. "Everyone should have high-yield savings," advises Lowry. "If you look at your APY and it's .01% - which is the prevailing rate at many big banks you probably know - then it is time to move. The minimum you should be getting is 3%." That might require some shopping around. But younger savers are likely more comfortable with considering online, mobile-first options anyways, beyond just whatever bank happens to have a physical branch down the block. Opening a retirement account It might only involve small sums at first. But the mere step of opening a retirement fund early - either a 401(k) at a new job, or a traditional or Roth IRA - can make the difference between success or failure for Future You. Doing so in your early 20s - as opposed to your 30s, say - will mean an additional decade of compounded growth. That's a big win Boomerang Kids can lock in right now, even if the initial amounts are modest. Of course the eventual goal for new graduates is to launch out on their own, and become fully financially independent. But the harsh economic reality is, that may not be possible right out of the gate. That's why, according to Pew Research Center, today's young adults are lagging behind earlier generations in reaching major life milestones. By using that post-grad period wisely - building credit history, shoring up savings, and opening retirement accounts - they can dramatically increase their odds at a successful transition later on. Lowry says: "Then, when kids move out, they will have a savings stockpile to help them launch out into the world." This story was produced by Current and reviewed and distributed by Stacker. © Stacker Media, LLC.
Los Angeles Times
21-06-2025
- Sport
- Los Angeles Times
Alyssa Thompson can't capitalize on penalty kick in Angel City loss
Brazilian international Lorena stopped a penalty kick and countrywoman Bia Zaneratto scored to keep the Current perfect at home. The victory secured a sixth consecutive win for Kansas City, which remained atop the NWSL standings. The Current (11-2-0) have won all six of their home games. Kansas City hasn't dropped a game at home since a July 2024 loss to Orlando. With the score tied 0-0, Lorena leapt to her right to parry a spot kick by Angel City forward Alyssa Thompson in the 56th minute. The ball was tipped onto the crossbar before bobbling out for a corner kick. It was Lorena's first penalty save and Thompson's first failed conversion in the NWSL. Reigning NWSL MVP Temwa Chawinga broke away on a dribble and had her low shot saved by Angel City goalkeeper Angelina Anderson, only for Zaneratto to scoop up the rebound and the tuck the ball away in the 69th minute. Zaneratto has five goals, tied for the second-most of any Current player behind Chawinga with eight. Angel City (5-5-3) is winless in its last five games, and has secured one tie and two losses since Alex Straus took over as coach three weeks ago.
Winnipeg Free Press
21-06-2025
- Sport
- Winnipeg Free Press
Racing Louisville downs the Pride 2-0 and the Current edges Angel City 1-0 in the NWSL
Arin Wright and Taylor Flint scored for Racing Louisville in a 2-0 victory over the Orlando Pride in the National Women's Soccer League on Friday night. In the only other NWSL game on Friday, the Kansas City Current narrowly beat visiting Angel City 1-0. Racing captain Wright opened the scoring by heading in a corner kick from Courtney Peterson in the 30th minute. The goal was Wright's first since she joined Louisville in 2024. Flint scored her third goal of the season to make it 2-0 from the penalty spot in the 68th minute. Referee John Matto awarded the penalty after Emily Sams pulled Sarah Weber in the box. The visiting Pride (8-4-1) dominated possession with 64% but only just edged Racing in shots 16-14. Orlandoe hit the target seven times to Louisville's three. It is only the second time the Pride have conceded multiple goals in a game this season. Pride forward Barbra Banda took eight shots herself, forcing five saves from Jordyn Bloomer in the Louisville goal. Bloomer recorded her second shutout of the season. Racing (6-5-2) now has five wins in their last seven NWSL matches, and moves up to fifth in the standings. Lorena saves penalty, Zaneratto scores as Current stay perfect at home Brazilian international Lorena saved a penalty and fellow countrywoman Bia Zaneratto scored to keep the Current perfect at home. The victory secured a sixth consecutive win for Kansas City, which remained atop the NWSL standings. The Current (11-2-0) have also won all six game at home this season. Kansas City hasn't dropped a game at home since as July 2024 loss to Orlando. With the score tied 0-0, Lorena leapt to her right to parry a spot kick by Angel City forward Alyssa Thompson in the 56th minute. The ball was tipped onto the crossbar before bobbling out for a corner kick. It was Lorena's first penalty save and Thompson's failed conversion in the NWSL. Reigning NWSL MVP Temwa Chawinga broke away on a dribble and had her low shot saved by Angel City goalkeeper Angelina Anderson, only for Zaneratto to scoop up the rebound and the tuck the ball away in the 69th minute. Zaneratto has five goals this season, tied for the second-most of any Current player behind Chawinga with eight. Angel City (5-5-3) is winless in its last five games, and has secured one tie and two losses since Alex Straus assumed the role of head coach three weeks ago. ___ AP soccer:
The Hindu
18-06-2025
- Business
- The Hindu
‘Markets witnessing significant shifts in consumer behaviour, business models' says Tata Consumer Products
Geopolitical uncertainties, shifts in global supply chains, advances in generative AI, and climate events continued to test business resilience, said P.B. Balaji, Non-Executive, Non-Independent Director, Tata Consumer Products. Global growth was expected to moderate in the near term, with the IMF forecasting a 2.8% expansion for emerging markets in 2025, he said, adding advanced economies continued to grapple with inflation and tight financial conditions, but emerging markets—especially India—stood resilient. India remained one of the fastest-growing large economies in the world, with GDP growth estimated at north of 6%. ''We are navigating through a world that is both dynamic and demanding. Yet, even amidst this volatility, we find ourselves at a unique moment in history—where innovation, transformation, and consumption-led growth are converging,'' he said while speaking at the company's Annual General Meeting on Wednesday. In his speech he said, against this backdrop, markets were also witnessing significant shifts in consumer behaviour and business models. For instance, consumers were becoming more health-conscious; there was a clear trend towards premiumisation, even in staples; with urbanisation, time-constrained consumers were seeking convenience, leading to rising demand for cooking aids, ready-to-drink beverages, and snacking, he observed. Distribution, he further said, was being reshaped by quick commerce, but physical retail remained deeply relevant. Also, digital-first marketing and hyper-personalisation were rewriting the brand playbook. At the same time, Artificial Intelligence was rapidly transforming every function—from demand forecasting and content generation to inventory optimisation and pricing intelligence, he told the shareholders. Tata Consumer Products saw quantum growth in last 5 years On the growth of Tata Consumer Products, Mr. Balaji said, when Tata Consumer was formed, five years ago, it had a largely single category footprint—Tea and Coffee and today the company has gone through a significant transformation to become one of the fastest-growing FCB companies in India, operating across multiple categories and brands. `Innovation is a critical muscle for an FMCG company and over the last 5 years, we have significantly scaled our innovation efforts, launching over 150 products, and our innovation to sales ratio has grown from 0.8% in FY20 to 5.2% in FY25, among the best in the industry,'' he claimed. According to him, digital was no longer a vertical – it was embedded across how the company operated, went to market and engaged with millions of consumers. ''We have deployed several high-impact AI use cases across sales, marketing, sourcing and RCD (Residual Current Device). Companies that embed AI deeply into operations will lead the next phase of value creation.'' Focus on grooming internal talent Balaji further said, at the heart of the company's transformation was a strong focus on building a future-ready organisation—one that was agile, inclusive, and deeply aligned with purpose. ''We are taking a deliberate approach to grooming internal talent - this includes creating structured leadership pipelines, cross-functional learning experiences, and long-term capability building,'' he said. According to him, the company's goal is clear: to nurture talent from within and build an organisation that leads not just today, but into the future. ``This roadmap is already delivering results—and it positions us well for what lies ahead. We see opportunity in creating an FMCG powerhouse and building brands of tomorrow for the modern Indian and global consumer.'' Tata Consumer Products' investments in AI, talent, and digital ecosystems would help it operate with greater precision and speed, Mr. Balaji added.
Time of India
15-06-2025
- Entertainment
- Time of India
Kansas City Chiefs show out as Patrick Mahomes leads star-studded support for unbeaten current
Photo byOn a warm Saturday evening in Kansas City, football took a back seat for a few hours—but the Chiefs were still front and center. Patrick Mahomes and a crew of teammates rolled into CPKC Stadium to support the Kansas City Current, bringing some NFL star power to an already electric night of women's soccer. With Mahomes wearing multiple hats these days—quarterback, MVP, and now part-owner of the city's NWSL team—his off-field presence is becoming just as impactful as what he does on Sundays. — BradHensonPro (@BradHensonPro) Kansas City Chiefs unite behind Patrick Mahomes as unbeaten Current dominate the spotlight It wasn't just another night at CPKC Stadium. The Current, sitting on the best record in the league at 9-0-2, were hosting Racing Louisville, and among the crowd were a few familiar faces from Arrowhead. Patrick Mahomes led the way, joined by teammates Chris Oladokun, Brashard Smith, Omarr Norman-Lott, and even head coach Andy Reid. The team's official Instagram posted, 'The Chiefs are in Teal Town tonight 🩵,' alongside a string of photos showing Mahomes and the crew enjoying the match. This wasn't just a casual outing. Mahomes and his wife, Brittany, have been part of the Current's ownership group since 2023, and they've been fully involved ever since. From showing up to games to using their platforms to grow the league's visibility, their support has been loud and consistent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Quito: Ecuatorianos: generen un segundo ingreso con Amazon CFD. Empezar ahora Registrarse Undo The Current, meanwhile, are on a tear. With forward Temwa Chawinga leading the charge at seven goals, the squad is eyeing a serious title run. And having the city's biggest sports stars behind them only adds fuel to the fire. Patrick Mahomes balances Super Bowl chase with growing Kansas City legacy off the field While Mahomes' numbers in 2024 weren't his flashiest—he finished with 3,928 yards, 26 touchdowns, and 11 picks—he still guided the Chiefs to the NFL's best record. And more importantly, he's still chasing that fourth Super Bowl ring. That next chapter begins soon, with the Chiefs set to kick off the 2025 NFL season in São Paulo, Brazil, where they'll face the Los Angeles Chargers in a historic Friday night opener on September 5. But until then, Mahomes seems just as locked in off the field, building community and showing up where it matters. Whether it's a playoff game or a regular Saturday night at a soccer stadium, the face of the franchise is always representing—and fans in Kansas City are taking notice. Also Read: Michigan State football hauls in NFL legacy recruits TJ Umenyiora and Quinn Buckey for 2026 class
