10 financial buzzwords we’ll be hearing in 2024
1. Quiet the trip
A “quiet trip” means working away from a vacation spot without telling your employer you’re out of town. Also called a “hush-cation,” these clandestine trips allow employees to enjoy themselves somewhere nice without using up vacation days or risking saying “no” to their employer for a vacation request. At least one luxury hotel chain has jumped on the trend, encouraging potential guests to mention “quiet travel” when booking and “leave the rest to us.” Benefits include business services, all-day barista coffee and drinks from 5pm. It’s no surprise that solo travel is controversial in the HR world, with some experts pointing out the potential problems for employers—tax, legal and more—if employees work abroad for extended periods of time. — Jaclyn Law
Recommended remote reading:
2. Coffee badge
With the post-pandemic call for workers to return to the office more often, some hybrid workers have turned to “coffee-hopping,” the practice of showing up long enough to ring in their security badge and perhaps enjoy a free cup of coffee just to chat with co-workers—preferably for the sake of the boss—before having a nice word. at home, where the real work is done. – Michael McCullough
The recommended activity reads as follows:
3. Office peacocking
Efforts by employers to lure remote and hybrid workers back to a single workplace have not been without sticks and carrots. Some companies have engaged in “office peacocking”—modifying their workplace to make it less stressful. Interior design favorites include employee lounges with sectional sofas, video game monitors and lots of greenery. —MM
The recommended workplace reads:
4. Going back
The old problem of absenteeism was “presenteeism”—being physically at work without being engaged. Now we have “angry,” which continues to work hard, due to financial need or lack of vision or both, while being openly resentful of it, to the point of eroding friendships and cooperation at work. Young workers may claim to have invented this phenomenon, but it’s plagued frustrated office workers forever. —MM
The recommended work schedule reads as follows:
5. Hiring
Despite the federal government’s recent efforts to improve housing affordability (including the first home savings account (FHSA), the expansion of the Home Buyers Program and recent changes to mortgage laws), Canada’s high housing prices have closed the door for many. -be local buyers, especially in the cities of Toronto and Vancouver. But the dream of home ownership remains as Canadian as maple syrup, and some first-timers are getting on the local ladder by “renting.” This strategy involves renting a house or apartment in an area of your choice (usually, a big city) while simultaneously owning and renting out an investment property in an affordable part of the country. Investments are sometimes advertised as a shortcut to home ownership, with the added benefits of capital appreciation and rental income. Just be aware of potential capital gains tax. — Justin Dallas
Recommended real estate is as follows:
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@alicechae I’m frugal and proud 🥹 #underconsumption #budget #budgeting #lifeinyour20s #twenties ♬ original sound – speedz!
6. Basic misuse
All words have the same meaning. And “underconsumption-core” is not the same. It’s the same as “the context of the recession” and “spending wisely.” And if you’ve never heard of those, then “budgeting” might hit home better. In fact, TikTokers and Instagrammers are responding to increasing amounts of everything by spending less money, but proudly and loudly. It also has an eco-friendly twist, because there is less waste. So, if this is something we all do when money is tight, why the fuss about spending below the spine? It’s because it’s also a response to dangerous social media trends and shoplifting posts. Gen Z and Millennials who engage in less spending have had enough of influencer marketing and an influencer culture that speaks to them. the need shopping. — Lisa Hannam
Recommended spending reads:
@girl_on_couch Can someone make this into a real song plz just for funnies
♬ original sound – Girl on the Couch
7. A man in finance
“I want a man in finance. Trust fund. Six-five. Green eyes.” @girl_on_couch, aka Megan Boni, is a New York-based TikToker who filmed that “financial man” back in April. He captioned his 19-second video “Did I just write a summer song?” And in short, it was. Several DJs remixed her sample of the viral song, and Boni went on to record a version with legendary DJ and record producer David Guetta. So, did he find his friend? In an interview with the BBC, Boni admitted that she did not really want a man in finance: “I doubt that we will work.” —JL
The recommended relationship reads as follows:
8. Money dysmorphia
It’s not a clinical diagnosis, but “money dysmorphia” can affect your well-being all the same. Depending on where you look at it, the term is defined as either unhappiness with one’s financial situation or an irrationally distorted view of what that financial situation is (you’re in a good financial situation but you’re constantly worried that you’re not). Money dysmorphia, especially among millennials and Gen Z, became a hot topic on TikTok and other social media platforms in 2024, creating a much-needed conversation about money and mental health. —JL