According to a recent article in the Wall Street Journal, Baby Boomers are reaching retirement age in worse financial shape than the prior generation for the first time since the post-Great Depression era. Read More »
Rising debt and stagnant wages are causing Baby Boomers to stay in the workforce longer than expected.
Millennials aren’t the only ones unprepared for retirement. A significant amount of Baby Boomers, are finding themselves far from retirement-ready.
Many young adults still rely on parents to do their taxes
Many Millennials still receive financial help from their parents well into their twenties and thirties—and not just in cash.
A surprising number of Millennials also rely on their parents to not only help them with their taxes, but to do it for them completely. Read More »
New studies find that even Millennials with full-time jobs receive financial help from parents
With a historic amount of student debt, rising rents, and stagnating wages, Millennials need all the help they can get…and it’s coming from their parents.
According to a new survey by Instamotor.com, even with full-time jobs, 24% of Millennials still relied on their parents to pay some of their bills. Read More »
Baby Boomers are shirking their retirement to start new businesses
There’s no doubt about it – retirement, in the traditional sense, is changing, and Baby Boomers are the ones responsible.
Baby Boomers aren’t just finding any old retail job – they are becoming “retire-preneurs,” people using their would-be retirement as a chance to be their own boss. Read More »
Health and financial issues are making some Boomers rethink their retirement strategy
Many Baby Boomers are finding themselves unprepared as they aim headfirst for their retirement years.
32% of Americans 65 to 69 surveyed were still working. Even past age 70, a growing number of seniors are declining to, or unable to, retire. Read More »
As retirement looms, Boomers turn to amenity-filled luxury apartment living
While it’s true that Millennials are still renting at a higher rate than any other generation and mostly avoid buying houses of their own, their parents’ generation isn’t far behind them.
Baby Boomers are renting at a higher rate than ever before – but for much different reasons than Millennials. Read More »
Expedia and the Center for Generational Kinetics find travel at the top of everyone’s wish list
The Center for Generational Kinetics is excited to announce the release of a multi-generational travel study with Expedia.com
Results illustrate that people are shifting away from a society of stuff (products like clothes, electronics, jewelry), to a society of experiences, and are specifically saving for travel. Read More »
More than any other generation, Baby Boomers plan to flex their spending power during the holidays, but Millennials plan to stay within budget
Baby Boomers and Millennials differ greatly in their shopping trends year-round, but nowhere is this more apparent than during the holiday season.
Whether shopping in the stores or online, Baby Boomers were the most likely generation to accumulate debt (63%) during the 2016 holiday season. Read More »
Wealth Managers Believe Millennials are about receive one of the largest wealth transfers in history
There is much debate around whether or not Millennials, currently ages 22 to 39, will inherit trillions (yes, trillions) from their parents and grandparents.
Many experts predict that the intergenerational wealth transfer will be in the trillions of dollars. Read More »
Millennials don’t want the homes their parents worked hard to buy
Who will buy the big houses that Baby Boomers are trying to sell? It might not be the Millennials.
A decade or two ago, Baby Boomers were raising their Millennial children in large homes with closed floor plans and spacious yards. My how times have changed. Read More »