20-somethings are all about keeping up with the Kardashians especially when it comes to stacking cash.
Rather than heeding the counsel of avowed financial experts, money-making women between the ages of 18 and 24 are taking their economic cues from Kim Ks stinking rich little sisters, according to a buzzy new study.
“Financially-aware Gen Zers are 62% more influenced by people they follow on social media than the national average, with their highest affinities being gamers, reality show stars, and fictional characters,” reads an August 2023 report on the demographics financial behaviors and attitudes via marketing consultancy Sooth.“Yet, they are 61% less likely to be influenced by a financial expert on social media.
Gen Z tends not to engage with people who purport to be leaders in financial services, choosing instead to look to people they see as successful, self-made female role models,” the study continues.
The analysis applied AI-driven psychographic models to data across consumer surveys, social conversations, financial habits and media usage of more than 625,000 financially aware Gen Z adults.
Researchers found that young breadwinners prefer mimicking the financial opinions and behaviors of A-listers whove forked in a fortune.
They have the highest affinity for Kylie and Kendall Jenner above all other social influencers, noted the study, adding that their million- and billion-dollar older siblings, as well as Ariana Grande, Zendaya and Selena Gomez, also ranked among the top tycoons whom ladies in their teens and 20s revere.
And when it comes to well-to-do heroines, the Kardashians arent a bad choice.
In June, both the buxom Kylie and Kim earned enviable positions on Forbes Americas Richest Self-Made Women top 50 list.
Jenner, 25, who helms the ever-trending Kylie Cosmetics brand,snagged the 38th spot on the coveted countdown with a net worth of approximately $680 million. However, Kardashian, 42, the name in front of leisure apparel line Skims, scored the 21st slot on the chart with an impressive $1.2 billion.
And 7 Rings singer Ariana Grande, 30 who recently filed for divorce from husband Dalton Gomez is said to boast a bountiful bundle of around $240 million, making her a prime paragon for the working woman. Hollywood hotshots Selena Gomez, 31, and Zendaya, 27, are reportedly mega-millionaires worthy of praise, too.
Gen Z males, however, named Nintendo of America president Reggie Fils-Aim, 62, a native New Yorker with a reported net worth of $40 million, as their favorite investment influencer, per the poll.
Young guys valued Fils-Aim’s acumen six times more than that of multibillionaire business magnate Warren Buffet, 93, or any mainstream financial thought leader.
The study went on to note that 89% of the most financially aware Gen Z adults who prioritize savings and wealth creation are women.
Gen Z women are 15 times more likely to engage with online content about saving money than the national average, researchers determined. Social media is the predominant learning channel for this generation.
In the hospital which was supposed to help her, the last moments of 14-year-old Ruth Szymankiewicz’s life were recorded on CCTV.
The teenager, who should have been under constant supervision on the children’s psychiatric ward, was left alone by her support worker at Taplow Manor Hospital in Berkshire. Fifteen minutes later, she had fatally self-harmed.
The worker assigned to her had only one-and-a-half days’ training and had faked his identity using false documents.
Image: CCTV footage showed Ruth Szymankiewicz left alone
Earlier this month, a jury at the inquest into Ruth’s death concluded she was unlawfully killed. Despite this, there have been no criminal prosecutions.
Speaking to Sky News and The Independent in their first TV interview, Ruth’s father, Mark, said: “She went somewhere that was supposed to be helping her, and it made her worse. The isolation and lack of access to her family had a massively negative impact.”
Image: Ruth Szymankiewicz’s parents spoke to Sky News about her death
Her mother, Kate, added: “The children get lost. Ruth got lost. She was lost in the middle of all this chaos.”
Ruth’s parents have said the hospital’s strict visiting regime meant they were unable to see their daughter as often as they had wanted. Her father never saw her room.
“Her access to us was denied,” Mark said. “We were willing and able to give that support. It completely derailed her.”
The family believe that if Ruth had been allowed regular contact with them, she would still be alive.
Image: Ruth’s parents Kate and Mark
History of failings
The failures at Taplow Manor were well-documented. Investigations by Sky News and The Independent uncovered disturbing evidence about the treatment of young people.
There were numerous critical reports, including three from the Care Quality Commission (CQC) regulator in the year leading up to Ruth’s death, each one highlighting unsafe practices.
Despite this, the NHS continued to send vulnerable children there.
Image: Ruth Szymankiewicz died in February 2022. Pic: Family handout via PA
At Ruth’s inquest, an NHS clinician in charge of commissioning her care admitted they knew about the issues at the hospital.
The inquest heard there were no other psychiatric intensive care units close enough to send her to.
Steph Smith was a former patient at Taplow Manor – then known as The Huntercombe Hospital Maidenhead – in 2017, who later went on to work at the unit as a healthcare assistant between September 2021 and February 2022.
She described the ward as “chaotic, scary and intense”.
Image: Steph Smith was a former patient at Taplow Manor
“There was a huge culture of covering things up,” she said.
“Observations weren’t done. People just signed the paperwork at the end of the shift. On paper, it looked fine, but in reality, children were left at risk.
“It was only a matter of time. It breaks my heart that it took a 14-year-old girl dying for the hospital to close. It should have been shut years ago.”
Staff warned managers
Nurse Ellesha Branaghan worked as a clinical team leader on Ruth’s ward. She and colleagues warned managers about shortages on the rota.
“We would often tell them the staffing levels weren’t safe but we just kept getting told these are the numbers,” she said.
She said a lack of staffing often meant patients could not go on leave, or even visit the hospital gardens.
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Teenager’s death in psychiatric care ruled unlawful killing
There were occasions, she said, when patient observation levels were decreased because there were not enough staff on shift.
“Sometimes we would have four or five incidents at the same time,” she added. “We didn’t have the staff to respond, so that becomes unsafe.”
The staffing levels became “so severe” that even patients wrote to senior managers to express concerns.
An NHS England spokesperson said: “All providers must operate to the highest standards and the NHS worked with young people and families to move patients from Taplow Manor to other clinically appropriate services.”
The ‘loophole’
Taplow Manor was finally closed in 2023. The CQC had visited the hospital just 11 days before Ruth’s death.
High-level feedback was given following this, highlighting concerns with the environment, care plans not being followed and staffing levels.
After further inspections in March 2022, the watchdog issued a warning notice about failings in patient observations.
But once a warning notice is issued, that particular issue cannot be the subject of a criminal prosecution – something Ruth’s parents describe as a “loophole”.
Image: Pic: Family handout
Mark said the CQC opened an investigation into his daughter’s death and looked at a “number of different routes to potentially prosecute the Active Care Group”.
Active Care Group acquired the Huntercombe Group, which ran Taplow Manor, in December 2021.
Mark said the regulator was not “allowed or able to prosecute, even though the same failing happened with catastrophic consequences”.
‘No justice for Ruth’
The CQC said it did carry out a full criminal investigation but the evidence “did not meet the threshold”.
It added that there was no suggestion the outcome would have been different if there had been no warning notice.
For Ruth’s parents, this is unacceptable.
“Why did our daughter have to die before anyone paid attention?” Kate asked. “They knew all this before she died.”
The inquest ruling of unlawful killing has brought no comfort to Ruth’s family.
“There can be no justice for Ruth,” her father said. “She’s dead, she’s gone. We’re left with the fallout.”
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3:02
‘Gaping hole in our family will never be filled’
A CQC spokesperson said the regulator began a criminal investigation in November 2022 but “found that there was not sufficient evidence to charge”.
“We know that this was disappointing for Ruth’s family, and we met with them to explain how we came to this decision,” the spokesperson added.
“We have a range of enforcement powers available to us and criminal action is only an option when the evidence demonstrates without any doubt that there have been organisational failings that can be proven to the required legal threshold.”
Following Ruth’s death, the CQC continued to visit the unit. A report published just six months later raised more concerns over observations, saying “there had been 22 incidents involving poor practice with observing young people”.
It went on: “The incidents ranged from staff falling asleep, not following young people when they left the room and completing other tasks whilst they were meant to be observing someone.”
It was rated inadequate in December 2022, before its closure.
Ex-patients voice concerns
Ruth’s case echoes concerns raised by other former patients.
Amber Rehman, who was admitted to Huntercombe Hospital in 2019, said: “Ruth’s story – I’ve heard so many similar stories. It could happen to anyone. It could still be happening out there.”
Amber’s mother, Nikki, said: “It was absolutely preventable. No one made changes.”
Image: Amber Rehman
Amber’s family made a formal complaint about the care she received.
An independent review was commissioned by the hospital, which found issues with observations – including missing observation records – and an over-reliance on physical intervention and medication.
The review – which was published exactly a year before Ruth harmed herself – recommended an audit of the observation records, and said the way the hospital communicated and engaged with families should be looked at.
Image: Pic: Family handout
Sky News has seen two other independent reports commissioned by the hospital before Ruth died, raising similar concerns – including engagement and communication with the patient’s family.
Fifty former patients came forward to our investigation in 2022 to share their experience of this hospital and a number of other units run by the same provider.
Many have told us how they still struggle with trauma from what they faced while under its care – some have formal diagnosis of PTSD due to it.
Sky News understands that 58 former patients are now taking legal action against around 30 psychiatrists who worked at various Huntercombe hospitals over two decades.
A statement from Active Care Group said: “We extend our heartfelt condolences to Ruth’s family, friends, and all those affected by her passing. We deeply regret the tragic event that occurred, and we are truly sorry for the distress this has caused
“We directed significant investment in staff training, recruitment, and the hospital estate, spending more than £3m on the physical environment alone over an 18-month period.
“Despite these efforts, by early 2023, it became clear that achieving the high standards of care that reflect our core values would not be possible within an acceptable timescale.
“In recent years, we have made significant improvements to the quality and safety in all of our services.
“We are regrettably unable to comment on historical allegations relating to care provided under previous ownership or management.”
Elli Investments Group, owners of The Huntercombe Group until 2021, previously told us: “We regret that these hospitals and specialist care services, which were owned and independently managed by The Huntercombe Group, failed to meet the expected standards for high-quality care.”
Image: Pictures of Ruth at the family home
‘Our lives are darker without her’
Ruth’s parents, who are both doctors working in the NHS, are calling on the government to close what they see as the “legal loophole” in the powers the CQC has to prosecute.
They also want to strengthen safeguards for children in mental health units by ensuring parents have visitation rights to their children.
“Ruth died under the care of the state,” her mother, Kate, said.
“We very much hope that secretaries of state for health and for mental health are listening to Ruth’s story, and that they can use this opportunity, particularly to make sure that children have unrestricted access to their families.”
A Department of Health and Social Care spokesperson said: “Our deepest sympathies are with Ruth’s family and friends. This is a shocking case and it is clear care at Huntercombe Hospital fell far below the standards we expect.
“Where appropriate the CQC can bring prosecutions where a provider has failed to comply with a warning notice, and we are clear that those that harm patients through negligence or mismanagement should face the consequences.
“We are investing £75m this year to reduce inappropriate out of area placements, increasing family involvement in patient care through the Mental Health Bill, and driving up standards through the 10 Year Plan so everyone receives the level of care they deserve.”
Ruth’s parents are both struggling with the lack of accountability over their daughter’s death, especially the decision by the CQC not to prosecute.
“We don’t have faith the system will make sure changes happen,” Mark said.
“Governance has been completely ineffectual. Until there is real accountability, nothing will stop this happening again.”
Kate added: “Our lives are darker without her. Ruth was unique and wonderful. She kept us wholehearted in everything we did. Now she’s gone.”
Anyone feeling emotionally distressed or suicidal can call Samaritans for help on 116 123 or email jo@samaritans.org in the UK. In the US, call the Samaritans branch in your area or 1 (800) 273-TALK.
Palestinian President Mahmoud Abbas and 80 other officials have been blocked from attending September’s annual meeting of the United Nations General Assembly in New York.
US secretary of state Marco Rubio has revoked the US visas of delegates from the Palestinian Authority (PA) and Palestine Liberation Organisation (PLO), and denied others from applying for one.
It is the latest step by Donald Trump’s administration to target Palestinians with visa restrictions, and follows the suspension of a programme to allow injured children from Gaza to receive treatment in the US.
Image: Mahmoud Abbas addressed the general assembly in 2024, but is barred from next month’s meeting. Pic: Reuters
“It is in our national security interests to hold the PLO and PA accountable for not complying with their commitments, and for undermining the prospects for peace,” a statement from the US State Department said.
It added that, to be considered partners for peace, both groups “must consistently repudiate terrorism, and end incitement to terrorism in education, as required by US law and as promised by the PLO”.
Israel declared Gaza’s largest city a dangerous combat zone on Friday.
The army launched a planned offensive that has drawn international condemnation.
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0:44
Thick smoke rises from Gaza City after Israeli strikes
Foreign ministers from Iceland, Ireland, Luxembourg, Norway, Slovenia and Spain released a joint statement saying the military operations in Gaza City will cause “intolerable deaths of innocent Palestinian civilians”.
Hundreds of thousands of Palestinians are sheltering in Gaza City while enduring famine.
Image: An Israeli armoured vehicle in northern Gaza on Friday. Pic: AP
Image: Palestinians ride a truck carrying humanitarian aid in Gaza City. Pic: AP
The Palestinian ambassador to the United Nations (UN), Riyad Mansour, said Mr Abbas had planned to lead the delegation to the UN meetings and was expected to address the general assembly at the general debate, which begins on 23 September.
He was also expected to attend a high-level meeting co-chaired by France and Saudi Arabia on 22 September about a two-state solution, a broad idea involving Israel coexisting with an independent Palestinian state.
The State of Palestine is an observer member of the UN, meaning it can speak at meetings but not vote on resolutions.
Image: The State of Palestine cannot vote on UN resolutions. Pic: AP
US decision ‘contravenes international law’
The Palestinian Authority “expressed its deep regret and astonishment” at the visa decision, calling it “a violation of US commitments” as the host of the UN, and claiming it “contravenes international law”.
UN spokesman Stephane Dujarric said the world body would be seeking clarification in the “hope that this will be resolved”.
Image: Hundreds of diplomats left when Israeli leader Benjamin Netanyahu began speaking at the general assembly in 2024. Pic: Reuters
The State Department said that the Palestinian Authority’s mission to the UN, comprising officials who are permanently based there, would not be included in the restrictions.
Under a 1947 UN agreement, the US is generally required to allow access for foreign diplomats to the UN in New York.
But Washington has said it can deny visas for security, extremism and foreign policy reasons.
The death toll in Gaza has now risen to 63,025, according to the Hamas-run health ministry, which does not differentiate between civilians and combatants.
It also reported five more malnutrition-related deaths in the last 24 hours, bringing the total number during the war to 322, with 121 of them children.
Palestinian President Mahmoud Abbas and 80 other officials have been blocked from attending September’s annual meeting of the United Nations General Assembly in New York.
US secretary of state Marco Rubio has revoked the US visas of delegates from the Palestinian Authority (PA) and Palestine Liberation Organisation (PLO), and denied others from applying for one.
It is the latest step by Donald Trump’s administration to target Palestinians with visa restrictions, and follows the suspension of a programme to allow injured children from Gaza to receive treatment in the US.
Image: Mahmoud Abbas addressed the general assembly in 2024, but is barred from next month’s meeting. Pic: Reuters
“It is in our national security interests to hold the PLO and PA accountable for not complying with their commitments, and for undermining the prospects for peace,” a statement from the US State Department said.
It added that, to be considered partners for peace, both groups “must consistently repudiate terrorism, and end incitement to terrorism in education, as required by US law and as promised by the PLO”.
Israel declared Gaza’s largest city a dangerous combat zone on Friday.
The army launched a planned offensive that has drawn international condemnation.
Please use Chrome browser for a more accessible video player
0:44
Thick smoke rises from Gaza City after Israeli strikes
Foreign ministers from Iceland, Ireland, Luxembourg, Norway, Slovenia and Spain released a joint statement saying the military operations in Gaza City will cause “intolerable deaths of innocent Palestinian civilians”.
Hundreds of thousands of Palestinians are sheltering in Gaza City while enduring famine.
Image: An Israeli armoured vehicle in northern Gaza on Friday. Pic: AP
Image: Palestinians ride a truck carrying humanitarian aid in Gaza City. Pic: AP
The Palestinian ambassador to the United Nations (UN), Riyad Mansour, said Mr Abbas had planned to lead the delegation to the UN meetings and was expected to address the general assembly at the general debate, which begins on 23 September.
He was also expected to attend a high-level meeting co-chaired by France and Saudi Arabia on 22 September about a two-state solution, a broad idea involving Israel coexisting with an independent Palestinian state.
The State of Palestine is an observer member of the UN, meaning it can speak at meetings but not vote on resolutions.
Image: The State of Palestine cannot vote on UN resolutions. Pic: AP
US decision ‘contravenes international law’
The Palestinian Authority “expressed its deep regret and astonishment” at the visa decision, calling it “a violation of US commitments” as the host of the UN, and claiming it “contravenes international law”.
UN spokesman Stephane Dujarric said the world body would be seeking clarification in the “hope that this will be resolved”.
Image: Hundreds of diplomats left when Israeli leader Benjamin Netanyahu began speaking at the general assembly in 2024. Pic: Reuters
The State Department said that the Palestinian Authority’s mission to the UN, comprising officials who are permanently based there, would not be included in the restrictions.
Under a 1947 UN agreement, the US is generally required to allow access for foreign diplomats to the UN in New York.
But Washington has said it can deny visas for security, extremism and foreign policy reasons.
The death toll in Gaza has now risen to 63,025, according to the Hamas-run health ministry, which does not differentiate between civilians and combatants.
It also reported five more malnutrition-related deaths in the last 24 hours, bringing the total number during the war to 322, with 121 of them children.