The Government Accountability Office’s 2013 Survey of Consumer Finances has revealed a rather frightening statistic: About half the U.S. population age 55 or older has no retirement savings. The GAO report found that 48 percent of households age 55 or older have some retirement savings; 23 percent have a defined…
Categories: Baby Boomers, RetirementAre you saving as much as you should be for retirement? If you’re a typical American – and particularly a typical American millennial – probably not. A recent study on retirement saving and spending by T. Rowe Price found that millennials are saving an average of only 8 percent of…
Categories: Financial Services, Generation Y / MillennialsIf you feel like you’re making more but have less, you might be Generation X. According to this report from Stony Brook assistant professor of finance Noah Smith, writing for Bloomberg View, the Pew Charitable Trusts tracked Generation X households like mine and found that we typically make about $12,000…
Categories: Education, Financial Services, Generation X, WorkHow do you keep millennials in your church? You certainly can’t be afraid of change – and change is not something with which religion has been historically comfortable. This is an entity, after all, that hasn’t changed its mission statement in 2,000 years. But while the mission by definition won’t…
Categories: church, Generation Y / MillennialsThey should be the online shopping generation. With millennials’ digital upbringing, one would think they’d never need to step foot inside something as outdated as an actual store. Or worse, a mall. One might be surprised, then, to learn that 82 percent of the Millennials surveyed in global market research…
Categories: Generation Y / MillennialsJuly Investment Advisor column on the changing family and its importance to financial advisors: http://www.thinkadvisor.com/2015/06/29/the-modern-family-80-20-rule
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