Lifestyle

4 Questions Spouses Should Ask Each Other Before Retirement

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The Shocking Number of Gen Z’ers That Don’t Know Their Credit Score

Credello: A recent survey by credit.com found that 42% of Gen Z-ers don't know their credit scores. Does this mean a major problem for them when it comes time to borrow money, or does it signify a shift in how future generations think about credit?

Why doesn't Gen Z care about their credit scores?

Generation Z is the newest generation to enter the workforce and is taking a new perspective on how it views financial health. Previous generations saw their credit scores as a top priority for ensuring they could live comfortably.

But after watching the devastating economic fallout Millennials suffered, Gen Z has become more risk-averse to accruing debt. While their elders are searching for credit card refinancing and debt consolidation options, Gen Z'ers seem to be avoiding the idea of borrowing money altogether.

Consequently, the significance of a credit score doesn't hold as much weight, even though a low score can still affect your chances of renting a home and even entering some career fields. 

So which has to change, Gen Z's outlook on debt or the world they're entering?

Despite the interest, their credit scores are good

Interestingly, the data credit.com found in their surveys showed that their scores were surprisingly high despite Gen Z having less interest in their credit reports. 54% of those surveyed had credit scores between 799 - 850, averaging higher scores overall than Millennials and Gen X'ers. 

How the financial world is changing

It seems that the financial world is taking this priority shift from the younger generation seriously and is beginning to enact new ways to make credit reporting more relevant with the times:

  • The three main credit bureaus - Equifax, Experian, and TransUnion - have all agreed to remove some instances of medical debt from credit score calculations. 
  • "Buy Now, Pay Later" accounts, popular among younger consumers, will now be included in credit reports.
  • "Trended data" will take a higher priority in scoring calculations, giving your report a more thorough analysis of your buying and spending than the simple "snapshot" currently used.
  • Inclusion of rent, checking and savings account balances, and utility bill or streaming payments as optional data points. Currently, UltraFICO and Experian Boost are adding these as features to boost credit scores of those for whom mortgages and large personal loans are too far out of reach.
  • New scoring models with updated algorithms. Both FICO and VantageScores, the main scoring algorithms used by lenders, have been recently upgraded to account for economic changes and how people spend money.
  • New startup lending companies are leaning into the younger generation's financial habits by removing the significance of credit scores in their decision-making metrics and relying more on historical spending habits and the average amount of cash on hand. 

The bottom line

While there's still a long way to go before Gen Z's credit scores rival those of their elders, these changes show that the world is slowly starting to take them seriously and that it might be the corporations that need to adapt instead of the new consumers.

About Credello

Credello is a financial tech company offering personal finance tools that simplify financial decisions through personalized, on-demand recommendations — so users can borrow, save, or invest with confidence.

Credello believes that finding the right financial product should be as easy and interactive as online shopping, and we are on a mission to make that possible. For more information, please visit https://www.credello.com

Contact Information:
Keyonda Goosby
Public Relations Specialist
press@credello.com
(201) 633-2125


Original Source: The Shocking Number of Gen Z'ers That Don't Know Their Credit Score

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Sustainalytics Upgrades INNIO Group’s ESG Risk Rating From Low to Negligible Risk, Ranking INNIO Number 1 Worldwide Among Industry Peers

• Sustainalytics ESG rating places INNIO in top 1 percentile of all industry peers and in top 2 percentile of companies rated by Sustainalytics on a global level. • INNIO receives Sustainalytics' ESG risk score of 9.8, improving by 11% compared to 2022. • INNIO also receives Sustainalytics' 2023 "ESG Industry Top rated" and "ESG Regional Top Rated" badges.

INNIO today announced that Sustainalytics has upgraded INNIO Group's ESG risk score to 9.8, an improvement of 1.2 points year-over-year, and has upgraded the company's risk rating from low to negligible. The rating from Sustainalytics, a global leader in ESG research, ratings, and data, reinforces INNIO's number 1 position compared to peers across both Machinery and Industrial Machinery worldwide.

"Improving our Sustainalytics rating is not only a reflection of our dedication to environmental, social and governance responsibility, it is also a testament to the hard work and collaboration of our talented team," said Dr. Olaf Berlien, president and CEO of INNIO. "We will continue to prioritize sustainable practices and innovation for the benefit of our business, our stakeholders, and our planet."

The Sustainalytics risk rating improvement is a vital recognition for INNIO and an indicator of the company's commitment to sustainable policies and programs. The risk rating focus includes health and safety, environment and carbon management, human capital, procurement practices and circularity. The rating upgrade signals that INNIO's initiatives and actions to reduce its environmental impact, promote social equity, and ensure good governance are demonstrating positive results. It also underlines INNIO's commitment to transparency and accountability, which are important factors in building trust and credibility with stakeholders, including customers, suppliers, investors, and employees. 

Learn more about the ESG Risk Ratings.

                                                                                                             ###

About Sustainalytics

Sustainalytics is a global leader in ESG research, ratings, and data, serving the world's leading institutional investors and corporations. Sustainalytics works with hundreds of the world's leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. For more information regarding Sustainalytics ESG rating, please visit https://www.sustainalytics.com/esg-ratings

About INNIO 

INNIO is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With our product brands Jenbacher and Waukesha and our digital platform myPlant, INNIO offers innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. We are individual in scope, but global in scale. With our flexible, scalable, and resilient energy solutions and services, we are enabling our customers to manage the energy transition along the energy value chain wherever they are in their transition journey. 

INNIO is headquartered in Jenbach (Austria), with other primary operations in Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). A team of more than 4,000 experts provides life-cycle support to the more than 55,000 delivered engines globally through a service network in more than 100 countries. 

INNIO's improved ESG Risk Rating again secures the number one position across more than 500 companies globally in the machinery industry assessed by Sustainalytics.

For more information, visit INNIO's website at www.innio.com. Follow INNIO on Twitter and LinkedIn.

Contact Information:
Susanne Reichelt
INNIO Media Relations
susanne.reichelt@innio.com
+43 664 80833 2382


Original Source: Sustainalytics Upgrades INNIO Group's ESG Risk Rating From Low to Negligible Risk, Ranking INNIO Number 1 Worldwide Among Industry Peers

Baxter of California Celebrates Men of Culture With New Series Launch

The top-selling men's grooming brand continues to expand its commitment to its diverse consumers with the launch of three new products as part of the Men of Culture series

Baxter of California Celebrates Men of Culture With New Series Launch
Baxter of California Men of Culture Collection

Shea Pomade, Anti-Bump Treatment Serum, Exfoliating Beard Oil

Baxter of California, the LA-based, top-selling 57-year-old men's grooming brand is deepening its commitment to diversity and inclusion in the grooming space with the Men of Culture series and a multi-layered initiative to emphasize its dedication to its BIPOC consumer base. 

The Men of Culture series features specialized hair and grooming essentials that are ideal for consumers with textured hair and melanated skin as Baxter of California continues to extend its product offerings. This series includes: Shea Pomade, Anti-Bump Treatment Serum and Exfoliating Beard Oil. 

"We've been perfecting the Men of Culture series and are thrilled to finally release it," says Jose Figueroa, Associate Brand Manager of Baxter of California. "This series continues to extend our reach in the men's grooming space with textured hair formulations and specialized grooming essentials, and our product development team has been working diligently to create these three high-performing products."

The three new products are:

Shea Pomade ($24), a rich and moisturizing pomade that is specially designed for coily and textured hair. It is made to easily spread through the hair, highlighting and moisturizing wavy hair textures 

  • Formulated with shea and olive butters that help prevent breakage and bacuri butter that aids in stimulating scalp health and increasing collagen production. 

Anti-Bump Treatment Serum ($28), a clear gel formula that quickly absorbs into the skin to prevent and treat ingrown hairs and razor bumps, evening out the skin's tone and helping to soothe and calm the skin.  

  • Formulated with ingredients like mandelic acid to help unclog pores and allantoin to moisturize and exfoliate the skin while antioxidant-rich clover flower extract provides anti-aging benefits.  

Exfoliating Beard Oil ($28) moisturizes facial hair and gently exfoliates with salicylic acid to prevent ingrown hairs. 

  • Contains olive and sunflower seed oils that help soften, condition and moisturize facial hair while the salicylic acid works at the skin's level to open up pores to allow facial hair to grow longer and stronger.

The Baxter of California Men of Culture series is available now at baxterofcalifornia.com, Amazon and the Baxter Finley Barber & Shop.

ABOUT BAXTER OF CALIFORNIA

Since 1965, Baxter of California has been a pioneer in understanding and meeting our personal care needs. Our curated range of hair, skin, shave, and body essentials and lifestyle products are all tested by master barbers at our award-winning Baxter Finley Barber & Shop in Los Angeles. Our products are designed for quality and versatility to provide consumers with everything they need to confidently be who they are. 

BaxterofCalifornia.com 

@baxterofca

EDITORIAL/MEDIA INQUIRIES: For all media inquiries, including sample requests, please contact Erin Johnson at boc@agencyguacamole.com.

HIGH-RES IMAGES: https://agencyguacamole.box.com/s/adjbv57807uq1x4j01q2cshmncc1wgul

Contact Information:
Erin Johnson
PR & Influencer Account Coordinator
erin@agencyguacamole.com
(310) 878-2560


Original Source: Baxter of California Celebrates Men of Culture With New Series Launch

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4 Things to Consider While Getting a Raise

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