The good, the bad, and the … stay tuned!

Posted On October 2, 2017

This week the Federal Reserve released the 2016 Survey of Consumer Finances (SCF).  The SCF is one of the largest (over 6,000 households were interviewed for the 2016 survey), comprehensive and representative surveys to track patterns of household spending, income, wealth and investment.  Conducted every three years since 1989, the…

Categories: Financial Services, Generation X, Wealth

Boomers: One Generation, Two Different Animals

Posted On September 20, 2017

They say you can never stop learning. If you’re a financial adviser, you should strive to prove that theory. One of the important things we need to keep re-learning is how different generations prefer to handle their money — or even different subsets within the same generation. Many advisers, for…

Categories: Baby Boomers, Financial Services, Wealth

How Long Does Your Generation Shop for Homes?

Posted On October 11, 2016

(Special Blog today comes courtesy of Zillow who researches generational trends on their users and homebuyers across the market place.) By Jennifer Riner Every generation offers specific trends, habits and lifestyles that sets them apart from their predecessors. Much like Generation X differs from their Baby Boomer elders, Generation Y…

Categories: Financial Services, Generations, Real Estate

Middle Child Syndrome of Gen X

Posted On June 29, 2016

“Marsha, Marsha, Marsha!” Most Generation Xers know exactly where that phrase came from and who said it – Jan Brady on the Brady Bunch. With her whiny lament for attention and jealousy of her sisters, Jan came to be a symbol of the archetypal middle child. In the generational household,…

Categories: Financial Services, Generation X, Wealth

Generation X isn’t doing well at this preparing for retirement thing.

Posted On November 2, 2015

Forbes recently cited several surveys and polls that found Gen-Xers falling behind with or completely ignoring their financial futures. A Harris poll commissioned by the Transamerica Center for Retirement Studies found that 25 percent of the Gen-Xers it surveyed had no sources of information for retirement and 45 percent didn’t…

Categories: Financial Services, Generation X

Millennials Fiscally Responsible

Posted On September 8, 2015

Last time, we looked at the benefits of financial benefits of millennials spending a couple extra years at home after leaving college. Now, Forbes tells us that millennials may be way ahead of the rest of us in terms of fiscal responsibility. The magazine recently noted a T. Rowe Price…

Categories: Financial Services, Generation Y / Millennials

Are you saving enough?

Posted On July 28, 2015

Are you saving as much as you should be for retirement? If you’re a typical American – and particularly a typical American millennial – probably not. A recent study on retirement saving and spending by T. Rowe Price found that millennials are saving an average of only 8 percent of…

Categories: Financial Services, Generation Y / Millennials

“Tell me again how good we have it, Dad?”

Posted On July 21, 2015

If you feel like you’re making more but have less, you might be Generation X. According to this report from Stony Brook assistant professor of finance Noah Smith, writing for Bloomberg View, the Pew Charitable Trusts tracked Generation X households like mine and found that we typically make about $12,000…

Categories: Education, Financial Services, Generation X, Work

Gen X – a financial conundrum

Posted On September 30, 2014

For years we’ve been talking about how Gen X is going to be the first generation that is not expected to be better off that its parents. Sometimes Gen X is given a slightly better chance and that dubious honor is bestowed on the Millennials.  Either way, the trickle down…

Categories: Financial Services, Generation X, Wealth

Retirement across the generations: Outlooks and warnings

Posted On September 11, 2014

It’s generally accepted that individuals will need retirement savings of roughly 16 times their pre-retirement salary, and that social security will cover only 4 times salary at most. It is also generally understood that most individuals cannot count on employer-defined plans to fund that missing 11 times salary – but…

Categories: Financial Services, Generation Y / Millennials, Retirement, Workplace



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