Women are fueling a resurgence in millennial household incomes

Posted On March 5, 2019

We all know the economic issues with which the millennial generation has been saddled. We’ve all heard the stories of millennials moving back in with their parents and struggling to make ends meet while paying off exorbitant student loans. But there is good news: According to the Pew Research Center, incomes are rising and millennial […]

Categories: Blog, Generation Y / Millennials, Wealth, Women, Work

Millennials finding it tough to bounce back from Great Recession

Posted On June 16, 2018

We grouse about their participation trophies and helicopter parenting. We stereotype them as overly entitled and self-absorbed. We laugh about their reactions to pop culture standards from before they were born. But instead of mocking millennials, we should perhaps be worried about them. A new study from the Federal Reserve Bank of St.Louis found that […]

Categories: Blog, Financial Services, Generation Y / Millennials, Wealth

Demystifying your paycheck: Who FICA is and why he’s taking your money

Posted On June 6, 2018

During an NBA career that spanned two decades, Shaquille O’Neal made more money per season than most of us will ever see in our lives. But when he got his first paycheck, he had a revelation with which most of us can relate: “Who the hell is FICA?” he famously asked. “When I meet him, […]

Categories: Financial Services, Podcast, Wealth

With Baby Boomers in Golden Years, ‘gray divorces’ are on the rise

Posted On April 2, 2018

As America’s Baby Boomers settle into retirement, it’s time for them to finally reap the rewards of their decades of hard work, take that trip they’ve been putting off, sleep in while the working world is racing itself to the office, enjoy spoiling the grandkids. And, increasingly, to get a divorce. According to the Pew […]

Categories: Baby Boomers, Wealth

Who argues over money the most? (Spoiler: It’s not the kids, and it’s not the grandparents)

Posted On March 24, 2018

They are in their prime earning years, old enough to have moved into management positions but young enough to not be staring directly at retirement just yet. And yet, perhaps moreso than any other generation, Gen-Xers are stressed about money. In a story initially published by LearnVest, Forbes contributor Julia Chang cited a CompareCards poll […]

Categories: Financial Services, Generation X, Wealth

Who’s the best at feeding the piggy bank? You might be surprised.

Posted On January 21, 2018

Quick question: Which generation would you think is doing the best at saving for the future? Baby Boomers? They’re the closest to retirement, and therefore the benefits of saving should be most immediate to them. Generation X? They’re in their peak earning years, and should have the most resources from which to feed the piggy […]

Categories: Financial Services, Generation Y / Millennials, Wealth

Are Millennials, online shopping taking a bite out of Black Friday?

Posted On November 29, 2017

Is Black Friday fading? It depends on who you ask. Anecdotal evidence around the country seemed to indicate that the traditional Friday-after-Thanksgiving shopping spree wasn’t as big a free-for-all as in past years, but Forbes cited numbers from the National Retail Federation and Prospect Insights & Analytics that showed turnout to be higher than expected. […]

Categories: Advertising, Generation Y / Millennials, Wealth

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 SCF provides analysts – including […]

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 instance, may think they know […]

Categories: Baby Boomers, Financial Services, Wealth

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 plastic and carry portable computers […]

Categories: Baby Boomers, Generations, Matures, Wealth

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