Low employment for young Americans risks long bouts of future unemployment, lower earning potential, and weaker economic growth, a Fed study said.
Americans who lived through rampant inflation in the 1970s are bracing for much stronger price growth than their younger peers, Deutsche Bank said.
Millennials need more than money. The stimulus stops the affordability-crisis bleeding, but the younger generation needs a seat at the table.
Millennials are catching up to boomers and Gen X in earnings and life events like homeownership, but they're still way behind in building wealth.
Consumers aged 65 and up are the fastest growing group of online shoppers, the Washington Post reported Friday. Data from the NPD Group shows the demographic spent 49% more online in 2020 than the prior year. Visit Business Insider’s homepage for more stories. During the pandemic, a new trend emerged: […]
Millennials’ slow financial progress isn’t just because of The Great Recession. A new Deutsche Bank Research report said boomers got lucky in five areas millennials haven’t: low interest rates, urbanisation, pollution, cohort size, and education. These external forces have created a vast generational wealth gap. Visit Business Insider’s homepage for […]
A new Deutsche Bank Research report suggests taxing baby boomers to help narrow the millennial-boomer generational wealth gap. Instead of an age-related tax, the bank urges a focus on five key forces that have created financial gains for boomers: low interest rates, urbanisation, pollution, cohort size, and education. The bank […]
Former Fed Chair Alan Greenspan told Bloomberg that the US is entering a period of slowing economic growth due to a decrease in productivity. The ageing of the population and an increase in social security benefits is contributing to this productivity slowdown, he said. “I’m very much concerned about this […]
Research from UBank has found COVID has shifted the way Australians look at budgeting, particularly millennials and Gen Z. It found that 68% of millennials have a budget, compared to 58% of Gen Xers and 55% of Gen Zers. UBank CEO Philippa Watson attributed this budget-savvy attitude to the gamification […]
US job growth is expected to be 0.4% annually, or an additional 6 million jobs, between 2019 and 2029, according to projections released Tuesday by the Labour Department. That’s slower growth than the 1.3% annual rate between 2009 and 2019, following the Great Recession. The projections do not account for […]
The past several years reveal a clear trend: More Americans are delaying retirement to later in life. Some 40% of workers think they won’t be able to retire until at least age 70, according to a 2017 Career Builder survey. Financial marketing website Coventry Direct collected data on dozens of […]
In their youth, the baby boomer generation used words that are rarely used by younger generations today. “Thongs” referred to a pair of flip-flops in the 1960s. If you said, “come on, snake, let’s rattle!” you were asking someone to dance … or you were challenging them to a fight. […]
Coronavirus high-risk groups, life stages, and generational identity have shaped different responses to the coronavirus pandemic among the biggest generations. Because those over 60 are at greater risk of becoming seriously ill, Gen Z has been ignoring coronavirus warnings on spring break and millennials are worried about their parents. Gen […]
Some millennials are refusing to visit their parents for Passover and Easter in order to continue to protect them from the novel coronavirus. But some parents see the decision as extreme and even selfish, causing rifts in families when they’re supposed to come together. The conflict is especially tough because […]
Gen X was made to handle the coronavirus pandemic, wrote a professor for NBC News. Experiences facing tough global crises like the AIDS epidemic and War on Drugs has left Gen X resilient. Gen X is also motivated to stay at home to serve as an example to the parents […]
Millennials and baby boomers are handling the coronavirus pandemic in very different ways. Millennials are more stressed and staying indoors, trying to save money and make memes. Many baby boomers are trying to leave their homes to panic buy toilet paper and socialise with friends. Visit Business Insider’s homepage for […]
The coronavirus pandemic is further dividing millennials and baby boomers. Baby boomers are calling out the youth for travelling and going on spring break. Meanwhile, millennials are frustrated they can’t get their boomer parents to stay inside. Visit Business Insider’s homepage for more stories. There’s been a lot of generational […]