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 in interest in IRAs is attributable to economic insecurity. 32% said they were feeling too poor to contribute and 56% said they needed the money for everyday expenses or to pay down debt. 14% cited fears of market volatility and 12% blamed job uncertainty. “Given their economic fears, it is… Read More
Categories: Recession Economy, WorkMillennials are looking for jobs that offer training and the chance to move up, according to new survey by PricewaterhouseCoopers (PwC). “Opportunities for career progression” is the most attractive feature of a prospective employer, cited by 52% of Millennials surveyed. Salary came in second at 44% and training and education third at 35%. Most Millennials reported having to make some compromises of their expectations to find employment such as taking a lower salary or moving from a preferred location. However, most of them (59%) said they were still looking for employers who shared their values of corporate responsibility and most… Read More
Categories: UncategorizedGiven the depth of the Great Recession and its enduring effects on the economy, it’s always seemed likely that it would be a formative experience for Millennials. Formative experiences occur in a generation’s youth and often come in the form of drastic economic and cultural upheavals. The Great Recession fits that description for Millennials and a recent Pew survey confirms that it is shaping their outlook for years to come. According to the survey, Millennials see their own generation as hardest-hit by the downturn. Most other generations agree. Only 20% report themselves “very satisfied” with their economic condition and only… Read More
Categories: Recession EconomyClick on title above to see my recap from a recent conference in Victoria, Canada on how to appeal to different generations of home buyers. Enjoy!
Categories: Home Ownership, Real Estate, Training IndustryWonderful overview of one of my presentations by Dave Fellman. Check out his book at www.dinosaurwisdom.com. http://www.myprintresource.com/article/10577458/sales-clinic-online-talkin-bout-my-g-g-g-generation
Categories: Baby Boomers, Generations