Matt Onofrio, a real-estate influencer who quickly gained millions of dollars, has been indicted for bank fraud. Despite having no experience in the real-estate industry, Onofrio managed to make $35 million in a few years by helping everyday people invest in the industry. However, his multi-million-dollar business was allegedly built on bank fraud and duping people, according to his former clients. The unfolding situation has the potential to cast Onofrio as a real-estate confidence man for the influencer age.
AI is predicted to have a disproportionate impact on the middle-class office workers, the average, mid-level, and mid-ability workers that could be termed mediocre. Academic research has found that AI tools benefit the least experienced workers while likely lowering the barrier to entry for more technical professions, providing fresh competition to experienced employees. AI’s coming for the mediocre middle, says a top tech executive.
Millennials continue to face obstacles despite data showing that the average American millennial is a parent, a homeowner, and has a net worth of $128,000. Many have struggled with housing and childcare costs, staggering student-loan debt and the impact of the recession on the job market.
As the economy recovers from the pandemic, a new inflation era is emerging, which could create pain in some sectors of the economy and make stock markets choppy. Wall Street’s stock pickers may have to sweat it out to make clients happy. However, this could be the start of something new, rather than a terrible thing, as the economy adapts to an evolving inflation era.
Online program management companies (OPMs) partner with colleges to provide courses, software, and technical support for online college classes in exchange for a share of tuition revenue. While OPMs expand course availability and bring in new students, many students find themselves heavily in debt, having received a poor imitation of in-person learning.
