[Post 181] Tech Companies Are Cutting Jobs. Should You Be Worried? | Money Mind

Summary

Tech companies around the world are slashing jobs as fears of recession grow. Is boom turning to gloom, and what does it mean for the rest of the economy? 

[Post 180] Living On $32K A Year In Cincinnati, OHIO | Millennial Money

Summary

Aspeyn Langhals, 22, lives in Cincinnati, Ohio and earns about $32,000 a year as a veterinary physical rehabilitation assistant. Langhals helps dogs and cats rebuild strength and minimize stress on their joints due to age or surgeries. She's balancing her job while training to become a certified canine rehabilitation nurse. 

This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.

[Post 179] How To Retire With $2 Million On A $50K Salary | CNBC

Summary

Saving $2 million for retirement on an annual salary of $50,000 might seem out of reach, but it’s certainly possible. CNBC’s Emily Lorsch breaks it all down.

[Post 178] She quit her job at 30 to be a lor mee hawker - and fulfil her mum's dream | CNA

Summary

At the age of 30, Jaycee Du quit her public service job, took a 70 per cent pay cut and joined her brothers in the family’s lor mee hawker business, all in a bid to fulfil their mum's dream of expanding her stall. 

[Post 177] The Great Fall Of China's Housing Market: Who Will Pay The Price? | Insight | China Mortgage Boycott

Summary

In July, thousands of Chinese homebuyers threatened to boycott mortgage payments. Since the Evergrande Crisis, other cash-strapped developers have halted construction, leaving millions in limbo.

Over speculation left Chinese property market in jeopardy. Meanwhile, desperate homebuyers have moved into their unfinished apartments, making do without electricity and water. With echoes of the 2008 US subprime mortgage financial crisis, people around the world are closely watching how this crisis in China will unfold.

What is behind China's mortgage crisis?

[Post 176] China Millennials’ Mortgage Boycott: Why The Property Crisis Should Worry You | CNA

Summary

In 2022, Chinese millennial homebuyers took to the streets and social media to wage a boycott on mortgage payments, as their homes stood unfinished with financially-distressed developers unable to complete them.

Real estate and its related industries make up a hefty one-third of China’s economy. So, as #CNAInsight’s Wei Du explains, any property crisis would ripple out into the world - with reduced imports of steel and timber from countries like Australia and Indonesia, for instance. 

At the same time, the government’s moves to temper property prices have led to a decline in home values. It could mean that affluent citizens feeling the pinch would pull back on luxury spending and travel - a blow for countries counting on Chinese tourism.

[Post 175] Woman in Tokyo lives off power grid by generating own electricity | CNA

Summary

As the world grapples with the rising cost of power, one woman in Japan is unfazed by the global energy crisis. 62-year-old Chikako Fujii lives completely off the grid by generating her own electricity with four solar panels installed on the balcony of her apartment. They produce enough to power her few electrical appliances and light up her house at night. On a hot day, she just leaves whatever food she wants to cook in pots on her balcony for a few hours.