GEN Z, MENTAL HEALTH, JOB, UK, EMPLoyment
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Gen Z’s Mental Health Struggles Create Catch-22 In Employment, UK Study Reveals

One theory explaining Gen Z’s struggles centers on the “age of anxiety” in which they grew up.


Young people are caught in a distressing cycle where their mental health is hindering their ability to find and maintain employment, which in turn further deteriorates their well-being, according to the NatWest Youth Index. This annual study published by the UK bank reveals a troubling trend impacting Gen Z’s entry into the workforce.

The report, published earlier this month, indicated that over 20% of 16- to 25-year-olds missed either school or work in the past year due to mental health issues. This absenteeism highlights these challenges’ significant impact on young people’s ability to engage in essential activities. Beyond missing existing commitments, the study also found that mental health concerns are preventing young people from even pursuing job opportunities.

A significant portion, 18%, reported avoiding applying for jobs altogether, while 12% admitted to missing scheduled interviews due to anxiety, depression, or other related reasons. This avoidance further limits their chances of gaining valuable work experience and financial independence.

The financial pressures of the current economic climate are exacerbating these mental health struggles. The study revealed that 43% of respondents felt that the cost of living has negatively impacted their mental well-being. This added stressor creates a complex situation where financial worries contribute to mental health challenges, which then further hinder their ability to secure employment and improve their financial situation. Despite these difficulties, the study offers a glimmer of hope.

A majority of Gen Z respondents, 62%, believed that having a job would positively impact their mental health. This demonstrates a clear desire to work and a recognition of the potential benefits of employment in terms of structure, purpose, and social connection. However, the existing mental health barriers are preventing them from accessing these benefits.

A 2023 McKinsey study further emphasized the severity of mental health issues among Gen Z, revealing that they experience significantly more pronounced challenges compared to previous generations, including millennials. While the study acknowledges the potential role of high social media use in contributing to feelings of isolation and loneliness, it also recognizes the issue’s complexity. Access to mental health resources, such as professionals and wellness apps, suggests that social media’s impact is multifaceted. While the situation appears challenging, some data suggests positive trends.

Axios reporting indicates that today’s teens are entering the workforce at a higher rate than millennials did at the same age. However, a talent acquisition firm, AMS, found that managers believe 40% of young people are unprepared for the workplace. This discrepancy highlights a potential gap between entering the workforce and successfully navigating its demands.

One theory explaining Gen Z’s struggles centers on the “age of anxiety” in which they grew up. The Anney E. Casey Foundation reported that the fallout from the pandemic had a significant impact on children’s mental health, particularly for those from lower-income families. The foundation’s report states that young people growing up in poverty are two to three times more likely to develop mental health conditions compared to their peers.

This highlights the intersectionality of mental health with socioeconomic factors. Addressing Gen Z’s mental health challenges requires a multifaceted approach. It includes increased access to mental health support, tailored job training programs, and fostering a more understanding and supportive work environment.

By addressing these issues, society can help break the current cycle and empower Gen Z to thrive personally and professionally.

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Small Business Administration, SBA
(Photo: iStock)

SBA Extends Lending Licenses To More Nondepository Financial Institutions To Allow More Federally Backed Loans

The SBA is now allowing four nondepository financial institutions around the country to offer federally backed loans.


The Small Business Administration is extending pathways for small businesses to secure federally backed loans.

Just in time for the New Year, the SBA has issued four new licenses to small business lending companies that allow more nondepository financial institutions to provide federally backed loans, American Banker reports. A10 Capital in Boise, Idaho; Cooperative Business Services in Cincinnati; Lafayette Square in Miami; and Stonehenge Capital in Baton Rouge, Louisiana, can now participate in the SBA’s primary lending program.

This initiative, announced on Monday, is being promoted as part of a larger effort to enhance access to capital for underserved groups and communities.

“For the second time in over 40 years, the Biden-Harris SBA welcomes new lenders with a shared mission of filling capital gaps in underserved communities –- the very same communities who are starting businesses at the highest rates in America today,” SBA Administrator Isabel Casillas Guzman said in a statement.

“With private markets playing an increasingly important role in small business lending, this expansion delivers against the Biden-Harris Administration’s unwavering commitment to providing affordable financing to the incredible entrepreneurs and new business starts revitalizing Main Streets across America. Congratulations to the four new licensees as they work alongside the mission-focused teams at the SBA to put the American dream of business ownership within reach for more entrepreneurs.”

The decision comes after the SBA announced plans to reopen the application window for new SBLC licenses in August. Leaders from the newly approved financial institutions have expressed their excitement about beginning to offer loans to small businesses in need.

“Small businesses are the backbone of the U.S. economy, and we are eager to quickly launch operations,” A10 Capital CEO Anuj Gupta said. “We look forward to applying our decades of knowledge, expertise and experience to provide lending solutions to small businesses nationwide.”

For decades, the SBA had imposed an arbitrary limit of 14 nondepository 7(a) lenders, a decision backed by banks and credit unions. In April 2023, the SBA lifted this cap.

The SBA grants SBLC licenses to chosen nondepository lenders to promote responsible small business lending. With an SBLC license, organizations can utilize the SBA’s 7(a) government guarantee program when underwriting small business loans, which lowers the lender’s risk and the borrower’s costs. Consequently, SBLCs can underwrite more loans to eligible small businesses than they could without government backing.

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Haitian Gang, press conference
Diplomatic Security Service, Public domain, via Wikimedia Commons

Haitian Gang Attacks Hospital During Press Conference, Killing 3 People

Haitian gangs attack press conference leaving three dead.


A Haitian police officer and two journalists were reportedly killed by a local gang at a press conference announcing the reopening of Haiti’s General Hospital, The New York Times reported. 

As journalists and government officials awaited the arrival of Health Minister Duckenson Lorthé Blema at the Port-au-Prince facility, armed men allegedly attacked the gathering. In addition to three people being killed, seven other civilians were reportedly injured. Jephte Bazil, a reporter present at the time of the incident, spoke to The New York Times. Bazil claimed the violence had not yet subsided, as he could still hear gunshots while talking to the outlet. The reporter expressed fear and surprise at the turn of events. 

“I’m still in shock — they shot at us. Some went down. They were hit by the bullets,” Bazil said.

“There is still shooting,” he continued.

Multiple videos circulating on social media show terrified civilians as they take cover from the hail of bullets. In one video, blood can be seen covering both the walls and the floor. 

The Haitian prime minister’s office posted a response to the vicious attack on Facebook. The post admonished the act of violence and the perpetrators intent on inflicting harm at a facility that works toward preserving life. 

“This heinous act, which targets an institution dedicated to health and life, constitutes an unacceptable assault on the very foundations of our society,” the post stated.

Over the past few years, Haiti has been subject to increasing violence committed by domestic terrorists and gangs. The uptick in gang activity has been attributed to the Wharf Jérémie gang’s efforts to control the roads leading to the country’s main port. The gang leader reportedly imposes taxes on port workers and trucking companies that aid in importing and exporting goods. 

The Wharf Jérémie’s violence was not limited to workers in the import industry. On Dec. 6 -11, the gang conducted a massacre of Haitian elders. According to the United Nations, the gang killed 134 men and 73 women. The victims were accused of conducting Voodoo rituals aimed at the children of the Wharf  Jérémie’s leaders. 

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Flau'jae Johnson, NIL, SCORE Act
(Photo: Brian Rothmuller/Icon Sportswire via Getty Images)

 Flau’jae Johnson Goes Instagram Official With Tigers Star Chris Hilton Jr.

Flau'Jae Johnson made her romance with Chris Hilton Jr. Instagram official.


LSU women’s basketball star Flau’jae Johnson waited until Christmas to confirm her romance with LSU Tigers wide receiver Chris Hilton Jr.

The college athletes made their romance Instagram official on Christmas by posting photos in matching pajamas.

“Santa listened #MerryChristmas,” Flau’jae captioned the post.

The relationship announcement was met with support from Flau’Jae’s followers, with many sharing how cute they found the new couple.

“SO CUTEEEE,” one fan wrote.

“Now, this is inspirational,” added someone else.

Their public debut comes one month after Flau’Jae teased the man in her life in an Instagram Story post showing an anonymous man near a bed filled with rose petals and candles under a neon sign stating, “Be My GF.” Hilton followed up with a subtle confirmation after the Tigers beat the Oklahoma Sooners on Nov. 30 by posting a photo of them hugging each other in front of a mirror and another of them from a photoshoot.

In April, Flau’Jae shared the type of guys she prefers to date, which included someone tall.

“I don’t see myself dating a regular person. Can’t date a NARP. ‘Normal ass Regular Person,'” she told Baller Alert. “You can’t date no short boy. You gotta be a good person. Gotta be able to make me laugh, funny, a good heart. I don’t need anybody like negative energy.”

The LSU women’s basketball team is having an impressive season, standing at 14-0 and ranked No. 6 nationally. Flau’jae is averaging 20.9 points, six rebounds, and 3.1 assists per game, along with 1.6 steals and 1.1 blocks.

Meanwhile, Hilton has recorded five receptions for 130 yards and two touchdowns this season, both of which were scored against Oklahoma on Nov. 30. The student-athletes appear to be going strong into the new year following a romantic Christmas holiday.

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Death, Richard D. Parsons, Citigroup, Time Warner, Richard Lauder
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Richard D. Parsons, Corporate Troubleshooter And Trailblazing Business Leader, Dies at 76

He is survived by his wife, Laura, and their three children, Gregory, Leslie, and Rebecca.


Richard D. Parsons, a pioneering business leader known for his steady hand at the helm of troubled companies such as Time Warner, Citigroup, and CBS, died on Dec. 26 at his Manhattan home. According to The New York Times, he was 76.


The cause was cancer, according to Ronald S. Lauder, an Estée Lauder board member and longtime friend.


Parsons, a jazz enthusiast and philanthropist, rose to prominence as one of corporate America’s few Black leaders during his time, navigating boardrooms often as the sole minority voice. He became synonymous with transforming crises into opportunities, stabilizing struggling corporations, and championing diversity and equity in business.


From orchestrating the recovery of AOL Time Warner after its catastrophic merger to steadying the Los Angeles Clippers during a high-profile racism scandal, Parsons earned a reputation as a trusted troubleshooter for some of the largest American institutions.

A Career in Corporate Rescues
Born on April 4, 1948, in Brooklyn, N.Y., Richard Dean Parsons was the fifth of Lorenzo and Isabelle Parsons’s children. Precocious but restless, he skipped two grades and graduated high school at 16. A whimsical choice led him to the University of Hawaii, where he majored in history and met his future wife, Laura Bush.


Parsons began his career as an aide to Nelson A. Rockefeller and eventually earned a law degree from Albany Law School. His ascent to the business elite started in the 1980s when he salvaged Dime Bancorp during the savings-and-loan crisis.


In the 1990s, he joined Time Warner, becoming its president by 1995 and later CEO of the merged AOL Time Warner, where he navigated the fallout from one of the most disastrous mergers in corporate history. “I want my legacy to be simple: I left the place in good shape and in good hands,” Parsons said in a 2007 interview.


Parsons’s ability to stabilize tumultuous organizations saw him tapped repeatedly for high-stakes leadership roles, including as chairman of Citigroup during the 2007–08 financial crisis and as CBS’s interim board chairman during its leadership dispute with controlling shareholder Shari Redstone.

Championing Diversity and Social Justice
A self-described “Rockefeller Republican,” Parsons passionately advocated for social justice and equity. After George Floyd’s murder in 2020, he co-founded the Equity Alliance to support ventures led by women and people of color.


He also took public stances against restrictive voting laws, signing a letter denouncing a 2021 Georgia law limiting voter access. “It’s not enough to fix what’s broken in boardrooms,” Parsons once said. “We must address the inequalities in society that hold people back.”
Beyond corporate boardrooms, Parsons was a trustee of the Apollo Theater and a wine connoisseur who owned a Tuscan winery.

A Legacy of Leadership
Parsons’s enduring influence reached far beyond the corporations he saved. His charismatic demeanor, sharp intellect, and expansive network positioned him as a go-to adviser for America’s top leaders.


“He was a bridge-builder in every sense of the word,” said Lauder. “Richard could walk into any room, disarm hostility, and find common ground.”


He is survived by his wife, Laura, and their three children, Gregory, Leslie, and Rebecca.

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Elon Musk, 401(k)s, index funds, Wall Street, SpaceX
(Photo: Antonio Masiello/Getty Images)

Elon Musk Says MacKenzie Scott Giving Billions To Liberal Causes Is ‘Concerning’

In 2024 alone, MacKenzie Scott has donated more than $2 billion to 199 organizations.  


Elon Musk is criticizing Jeff Bezos’s ex-wife MacKenzie Scott’s charity work. The Tesla and SpaceX CEO shared a post on X by John LeFevre with the caption, “concerning.”

LeFevre said on X that Scott’s charitable contributions don’t get enough attention for “the impact she’s having on the state of the world.”

He adds, “Her primary causes are Equity, sewing racial division, and supporting illegal immigration” before the South African native reposted with “concerning” comments.

Elon Musk Has Criticized MacKenzie Scott Before

This isn’t the first time the world’s richest man, who campaigned for Trump and donated more than $270 million to Trump’s reelection bid, has attacked Scott for her contributions.

“‘Super rich ex-wives who hate their former spouse’ should be filed be listed among ‘Reasons that Western Civilization died,’” Business Insider reported that Musk said in a now-deleted X post in March 2024.

His comments didn’t stop Scott. Two weeks later, she announced that she would double the size of her donations for the year, promising to donate all of the $60 billion she received in her 2019 divorce settlement with Bezos, her husband of 25 years.

Since 2019, Scott’s organization, Yield Giving, has donated over $19 billion to more than 2,450 nonprofits. In 2024 alone, Scott said she donated more than $2 billion to 199 organizations.  

“Roughly 75% of them are nonprofits that support the economic security and opportunity of people who are struggling by improving access to affordable housing, jobs that provide stability for themselves and their families, child development and post-secondary education, healthcare, and financial counseling, business coaching, and low-interest rate loans focused on increasing economic potential and building wealth,” she said. “The others support well-being through other means, such as work on human rights and natural resources conservation.”

Forbes estimates her net worth remains at $30 billion. Part of the reason is that she also received a 4% stake in Amazon. Her divorce settlement with Bezos made her one of the wealthiest women in the world.

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Zoom Meeting, Win With Black Women
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Apply Now! New Jersey Black Women’s Collective 2025 Leadership Institute

This year, the Leadership Institute will introduce two new sessions for Black women leaders — AI Exploration and Cyber Security Adventure.


The New Jersey Black Women’s Collective (NJBWC) is calling on the next generation of Black women leaders in New Jersey to be a part of the next cohort of the Leadership Institute from January to June 2025.

The program, inaugurated earlier this year with Mercer County Community College (MCCC), was designed to equip participants with the necessary resources to develop leadership effectiveness skills and become influential professionals within their communities and career fields. According to MCCC, participants will undergo leadership assessments, high-level instruction, workshops, panel discussions, and lectures as they navigate 14 curated sessions focused on topics such as change management, financial and fundraising skills, time management, workplace politics, and marketing and branding tools.

“We designed this initiative not just to build leaders but to foster meaningful connections and equip them with actionable tools to address today’s challenges effectively,” said NJBWC Co-Founder and Leadership Institute Chair Tennille McCoy. NJBWC Co-Founder Taraun Tice McKnight said the program marks the start of a transformative journey for the participants.

Along with professional development and networking opportunities, this year’s cohort will be introduced to two new sessions. The Leadership Institute’s AI Exploration and Cyber Security Adventure will explore the art of digital landscapes and strategies to address cyber villains.

Ideal applicants for the Leadership Institute include mid-level managers and supervisors, aspiring directors and vice presidents, and other professionals seeking to elevate their strategic and operational skills. Dr. Deborah E. Preston, president of Mercer County Community College, said as the program embarks on its second year, the initiative will continue to empower women leaders through intentional actions and unwavering support. Their success is a testament to Black excellence, and we’re excited to continue this legacy with future cohorts,” added NJBWC Co-Founder Adrienne King.

Earlier this year, the Leadership Institute’s inaugural class presented their capstone projects and attended a graduation ceremony on June 8. The second cohort will attend a graduation ceremony and present their capstone projects on June 7, 2025, at the Trenton Country Club in West Trenton.

Applications are open until Wednesday, Jan. 8, 2025.

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Bishop TD Jakes
(Photo: T.D. Jakes/Creative Commons via Wikimedia Commons)

T.D. Jakes’ ‘Good Soil’ Launches E-Commerce Hub For Small Businesses

The Good Soil Movement is venturing into e-commerce.


Bishop T.D. Jakes’s Good Soil Movement launched an e-commerce hub to help small entrepreneurs gain visibility and manage operations. 

With the acquisition of Nourysh Solutions, Jakes Enterprises is taking the next step in creating an all-encompassing site for entrepreneurs. Nourysh facilitates transactions, payment processing, online product placement, SMS marketing, and analytics for entrepreneurs that lack the staff and capital to support each individual service.

Afro Tech spoke with Michael Phillips, chief operations officer of T.D. Jakes Enterprises to learn more about the need for affordable e-hub spaces.

Phillips acknowledged that the price point for Nourysh services is not affordable to all, but he is hopeful that the space will be accessible to the majority of small business owners.

“Why buy a platform that’s gonna be out of reach for many,” Phillips said. “And so what we were able to do was make a price point that was accessible to most. It’s extremely affordable to get your product on here, and the support that you’re getting is just a no-brainer, end-to-end services and support for you.”

Jakes Enterprises launched the Good Soil Movement in April 2023. BLACK ENTERPRISE reported on the initiative and The Good Soil Movement’s first entrepreneurial summit.

The summit commenced on May 3 in Orlando, Florida. Phillips spoke about Good Soil’s commitment to actively help would-be entrepreneurs scale up.

“Taking action to impact, grow and scale minority-owned businesses through a supportive ecosystem that will drive financial inclusion and achieve generational wealth building for our communities,” Phillips said.

The summit was emceed by actor and activist Hill Harper. The event awarded grants and funding to the winner of its entrepreneurship pitch competition

The opportunity to access capital, financial accounting, and legal council is offered through Good Soil. As a religious leader, Bishop Jakes has invested in sowing good seeds into less fortunate communities. The creation of Good Soil and the acquisition of Nourysh is another way to lift individuals striving to create successful small businesses.

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