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

Mirror Mirror On the Wall, Who Snacks Most of All?

Posted On June 27, 2017

“Which Generation Snacks the Most?” the headline reads at And then, as if anticipating our answer, it adds: “It’s not millennials.” How can it not be millennials? They’re the ones playing all the video games and Snapchatting on their iPhones. How do you spend all that time doing such…

Categories: Baby Boomers, Generation X, Generation Y / Millennials

Is it Stuff? Or Heirlooms? Not sure…

Posted On June 2, 2017

Gen-Xers and millennials have things easier than our Baby Boomer parents and grandparents in so many ways. We have grown up with technology and are comfortable with it. We’ve had advances in medicine that have made us healthier. We pay our bills online, buy our groceries with a piece of…

Categories: Baby Boomers, Generations, Matures, Wealth

Contrary to Popular Myths, the Millennials Aren’t the Only Game in Town

Posted On May 30, 2017

You have, no doubt, been inundated by now with advice on how to market to millennials, and with good reason. They are not only the largest segment of the workforce, but also the largest segment of consumers. You know to keep your website up-to-date, with easy-to-use customer service tools and…

Categories: Baby Boomers

Are Changing Ethics a Reflection of Life Stages? Let’s hope…

Posted On May 17, 2017

Has relativism taken over in the digital age? Are millennials more likely to believe the ends justify the means? Does the largest generation in today’s workplace believe that ethics are negotiable in business? The Wall Street Journal recently cited an EY survey that would seem to say so – or…

Categories: Baby Boomers, Generation Y / Millennials, Work, Workplace

Grandparents here, there, and everywhere.

Posted On March 24, 2017

During his stand-up routine in the Spike Lee movie, “The Kings of Comedy,” the late comedian Bernie Mac had a memorable bit bemoaning the disappearance of grandmothers. He wasn’t necessarily talking about grandmothers in the literal sense, but grandmothers as he knew them growing up – old ladies who had…

Categories: Baby Boomers, Generation Y / Millennials, Generations

Fewer Family Businesses to be Passed to Next Generation

Posted On January 31, 2017

I’ve written in this space before about the need for succession planning. The long-term viability of your business may depend on it – particularly for family-owned business that want to maintain family control. But PwC’s annual family business survey found a decreasing number of owners who planned to keep their…

Categories: Baby Boomers, Entrepreneurship, Generation X, Succession Planning, Work

Boomer’s Influence on Politics Coming to an End? And Will the Younger Gens go the Other Way?

Posted On November 2, 2016

Millennials have made their voices heard in this year’s contentious presidential election, mostly through the vociferous support for Democratic primary candidate Bernie Sanders – a phenomenon I explored in a blog back in May. After Sanders fell in the primary to Hillary Clinton, their level of support for the Democratic…

Categories: Baby Boomers, Generation X, Generation Y / Millennials, Voting Behavior

Retirement With Gobs of Debt – A Boomer Dilemma

Posted On October 4, 2016

How much debt are you carrying? Most of us have some credit card debt. Many of us also have mortgages or student loans. Some of us are also carrying debt from home equity loans or lines of credit. As we get older, the volume of debt we’re carrying becomes an…

Categories: Baby Boomers, Home Ownership, Retirement

Boomers delaying retirement? Not wanted. Needed.

Posted On May 24, 2016

Retirement? What’s that? Though there is some disagreement as to the degree of this phenomenon, it appears that Baby Boomers are typically working longer than their forebears and retiring later in life. cited a Northwestern Mutual study that found our typical target retirement age is now 68. A Wall…

Categories: Baby Boomers, Retirement



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