Millennials, Gen Xers Most Concerned about Spending, Saving, and Investing

Posted On February 20, 2013

The two youngest generations, Millennials and Generation X, are the ones most concerned about their spending, saving, and investing, according to a TD Canada Trust survey.  In contrast, 80% of Boomers feel they are managing their money well, even if 56% feel they don’t have enough of it. Millennials are…

Categories: Baby Boomers, Financial Services, Generations, Wealth, Work

Gen X Focused on Retirement Saving, Millennials Not So Much

Posted On February 5, 2013

Nearly half of Generation X (46%) cites retirement as a top-10 reason for saving and investing but less than a third of Millennials see it the same way. So says a new survey by LIMRA that assessed the younger generations’ attitudes about saving and investing. While Xers seem to focus…

Categories: Financial Services, Work

Boomers Dining Out, Millennials Dining In

Posted On January 29, 2013

The disparity in wealth between Baby Boomers and Millennials is changing the demographics of restaurant clientele.  In the past, older generations were more apt to cook and eat at home while younger generations preferred the luxury and convenience of eating out. Now the Boomers, a generation that came of age…

Categories: Baby Boomers, Blog

Millennials and Gen X Shunning IRAs

Posted On February 16, 2012

Typically, tax season brings a flurry of interest in IRAs as a tax sheltered way of socking away a few extra bucks for retirement. This year, though, well fewer than half of Millennial and Gen X investors will contribute to IRAs compared with over 70% last year. The sharp drop…

Categories: Recession Economy, Work

Millennials and the Evolution of Buying

Posted On July 31, 2012

As we’ve noted, Millennials have deferred or avoided major purchases such as cars and homes and turned away from the traditional retail, recording, video, and television businesses. They hunt for discounts, deals, freebies, and near-free (99¢) pricing. Now several commentators have suggested that technology has altered the generation’s approach to…

Categories: Blog

Gen X’ers Surpassing Boomers in Credit Card Use

Posted On August 16, 2012

In one of the first signs of the coming economic sunset of the Baby Boomers, Generation X has surpassed the Baby Boomers in few key indicators of credit card activity. According to Cardbeat, Xers now exceed Boomers in card use, balance transfers, and premium card ownership, among other key indices….

Categories: Baby Boomers, Blog

Milliennials Are Big (Discretionary) Spenders

Posted On June 5, 2012

Despite the fact that Millennials have the highest rate of unemployment of any generation and are deeply in debt, they still use a big chunk of whatever money they have on discretionary and even luxury spending. According to one marketing agency, the average Millennial spends $784 a month on discretionary…

Categories: Blog, Recession Economy

Baby Boomers: The Grandparent Demographic

Posted On September 7, 2012

This week’s Grandparents’ Day is an appropriate time to notice that Baby Boomers now dominate the Grandparent demographic. According to statistics cited by Newsday, Boomers now make up a majority of grandparents. The average grandparent is a Leading Edge (Early) Boomer (64). The average new grandparent is a Late Boomer…

Categories: Baby Boomers

Millennials Downsizing their Dreams

Posted On August 18, 2011

Millennials, already prone to delay milestones like careers and marriage, are putting them off even further as pessimism about their economic outlook causes them to downsize their expectations. A recent Los Angeles Times analysis of recent surveys depicts a “Generation Vexed” who, in their words, now plan to “take smaller steps” and…

Categories: Training Industry

Boomers Not Sharing the Wealth

Posted On September 9, 2011

Many Baby Boomers, even wealthy ones, have no intention of leaving an inheritance. Instead, they plan to use their fortunes on themselves. A new study by U.S. Trust shows that less than half of wealthy Boomers surveyed plan to leave an inheritance. About the same number have not even told…

Categories: Baby Boomers, Work

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