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:A new Allianz survey shows that Baby Boomers think it’s more important for a family to pass on its non-material legacy than to pass on its wealth. 86% of Boomers said it was important for elders to pass on their family’s history and stories to their descendants. 64% place importance…
Categories: Baby Boomers, Blog, MaturesThe debate continues as to whether Millennials are self-absorbed adult-olescents with an overblown sense of entitlement or whether they are community-minded citizens willing to chip in for the benefit of the environment and the world around them. A new survey of Millennials provides evidence for the latter, revealing that 75%…
Categories: Charity, Menu 1Boomers are losing their expected inheritance to their parents’ longevity, according to an analysis in the Wall Street Journal. Matures who have reached their late 60s have as much as a 50-50 chance of living well into their 80s and many into their 90s. Thanks to medical and longevity gains,…
Categories: Baby Boomers, Matures, WorkBusiness travel among Millennials was up 40% in 2011 and the business travel industry is learning to accommodate them. For example, Millennials like paperless travel, using apps and websites to handle all of their arrangements and transactions. “All of my tickets can go on my phone,” says one Millennial. “I…
Categories: Blog, TravelRecent Census and Federal Reserve figures created jaw-dropping headlines when they revealed that most Americans’ net worth is no greater than it was 20 years ago. While the headlines suggest stagnation, the numbers revealed that net worth did increase but then fell back to what it was in 1992. During…
Categories: UncategorizedBaby Boomers give the most positive online ratings, Gen Xers the most negative ones, and Millennials fall in the middle, according to a Bazaarvoice study of 6 million online opinions. A majority of all generations are now online and all participate in reviewing and rating products on web sites. In fact, 82%…
Categories: Baby Boomers, BlogMillennials who stay at home make more than those who leave, according to Penn researcher Greg Kaplan’s study. That’s “stay-at-home” as in continue living with mom and dad, an increasingly common phenomenon among all Millennials. The study examined incomes of Millennials who live with their parents and those who don’t…
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