A downside of starting a business

And more of the week's best financial insight

Woman looks out window of office building.
Turns out, entrepreneurship might be a résumé red flag
(Image credit: Oscar Wong / Getty Images)

Here are three of the week's top pieces of financial insight, gathered from around the web: 

College costs hit long-term wealth

A downside of starting a business

Entrepreneurship can be a surprising red flag on your résumé, said Jacob Waddingham and Miles Zachary in Fortune. A survey of 700 hiring managers “found that former business owners were actually less likely to get interviews compared with applicants with only traditional experience.” This was true regardless of whether they had sold or closed their business. Why the hesitation among employers about bringing on a former business owner? “We found that recruiters worried that entrepreneurs would jump ship to start their own companies as soon as they could.” Hiring professionals also raised concerns about “ex-entrepreneurs who refuse to take directions,” or who might struggle translating their nontraditional experience into traditional work.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

Health insurance premiums rise

Next year could see the biggest jump in health insurance costs in more than a decade, said Anna Wilde Mathews in The Wall Street Journal. Mercer and Willis Towers Watson, two large benefits consulting firms, project that “costs for employer coverage are expected to surge around 6.5% for 2024,” the biggest bump since 2012. The boost “could add significantly to the price tag for employer plans that already average more than $14,600 a year per employee.” The reasons for the increase include “hospitals’ higher labor costs and heavy demand for new and expensive diabetes and obesity drugs.”

This article was first published in the latest issue of The Week magazine. If you want to read more like it, you can try six risk-free issues of the magazine here.