Tag Archives | millennials
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Is It Time For A Smartphone Detox?

Columnist Julian Hayes wrote about spending 60 days without his smartphone, and chronicled what he learned about life, mental well-being and the powers of observation when he wasn’t tethered to an electronic device. Most of us aren’t going to replicate his experiment any time soon, but here’s some serious smartphone food for thought. According to […]

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#1 Best Way To Help The Kids or Grandkids? Get That Roth IRA Going

During a client meeting in our office last week, we talked about how they – parents of young adult kids (in their 20s and young 30s) – could help the kids get onto a sturdier financial footing without killing their own initiative or enabling them. We’ve written about this a lot, but it’s always worth repeating […]

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Quote Of The Week: Becoming A Caregiver, 30 Years Earlier Than Expected

“There comes a point in time where everyone has to care for a parent. It just happened 30 years sooner than I ever anticipated it.” Interview with Adrienne Glusman, who became her mother’s caregiver at age 29, as interviewed by  Clare Ansberry, “The Call to Care for Aging Parents Comes Sooner Now,” The Wall Street […]

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The Kids Are Alright: The Rise Of The Millennial Workforce

If you’re a Baby Boomer, prepare to be outnumbered! In fact, it’s too late. You are already in the minority. Millennials are now the largest generation in the U.S. labor force, says the Pew Research Center based on analysis of U.S. Census Bureau data. Millennials are defined as those born 1981 to 1996, or those aged […]

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When It Comes To Money, Your Phone May Not Be Your Friend

Millennials using mobile payments for transactions are more likely to overspend, pay credit card fees and use pricey loan services, says a new study from the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business. That shows that what’s fast and convenient may not always save you money, and may […]

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Is Social Media Stunting Your Financial Progress?

Social media has been blamed for all kinds of societal ills lately, from undermining self esteem, to promoting fake news, and even to rewiring the pathways in your brain. So here’s a new problem that’s been chalked up to too much time on social media. It seems that millennials, in particular, may be seeing their […]

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The Kids Are Alright: Waves Of Millennials Buy Their First Homes

They’ve definitely moved out of the basement. U.S. homeownership rates rose last year for the first time in 13 years, driven by young buyers purchasing their first homes. All the hand-wringing about millennials living in the basement and never being able to buy their own home has proved to be unfounded. The largest demographic group […]

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Quote Of The Week: Millennials Face A Perfect Economic Storm

“Millennials face a kind of perfect economic storm. The Great Recession took a big bite out of their wages, and its ripple effects will continue to dampen their earnings potential for years to come. Wealth accumulation for Gen Y took an even bigger hit, especially for those burdened by high student debt. These young people […]

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What Your Grandma Can Teach Millennials About Investing

When it comes to investing, your Grandma can teach millennials a thing or two. Most grandmas get it. They understand stocks and other growth investments in their portfolio help them keep up with inflation. It’s the millennials who need to learn to walk on the wild side. What’s the problem? When you’re a young investor, time is […]

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Are Millennials “The Screwed Generation”?

It’s controversial, thought-provoking and definitely worth a read, especially if you have “millennial,” or Generation Y, offspring between the ages of 18 and 35. Newsweek magazine shook people up with their July 2012 feature by Joel Kotkin called “Are Millennials the Screwed Generation? ‘Boomer America’ Never Had It So Good.  As A Result, Today’s Young Americans Have Never Had […]

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