Another week, another Boomer or Gen Xer writing a column about what’s wrong with millennials. You may recall the Los Angeles Times columnist whose “millennial pledge” drew the ire of younger readers. Or the Birmingham-area judge who vented in an AL.com column about the lack of adversity or sacrifice in millennials’ lives. Ragging on the younger generation seems to be a cottage industry of sorts. Or at least good column fodder. Now, in jumps a bigger fish to this putrid pond. Mitch Albom was already well-known as a longtime Detroit Free Press sports columnist before he gained even greater fame… Read More
Categories: Generation Y / Millennials, GenerationsThey 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 all there is to know about Baby Boomer clients. Many advisers are Baby Boomers themselves. But there are important differences to consider even within the Baby Boomer generation. While many leading boomers, born from 1946 to ’55, are already retired, trailing boomers who were born… Read More
Categories: Baby Boomers, Financial Services, Wealth