millennials
For many, the road to retirement is paved with uncertainties. This is particularly true for Generations X and Y. Caught between the Boomer behemoth and the enigmatic Zoomers — these generations face unique challenges. In contrast to their predecessors who rode the wave of economic prosperity, Gen X and Y encounter choppy waters: stagnant wages, rising healthcare costs, and unstable job markets. This blog post, however, delves into the specific challenges these generations face and offers practical strategies for navigating toward financial security. The Generation X SandwichAs a generation bor...
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Is it a surprise that we Millennials are scared of retirement? Not only did we survive the Great Recession and a once-in-a-lifetime pandemic, but we’re also buried under debt. Moreover, unlike previous generations, traditional pathways to wealth, such as homeownership, are increasingly out of reach. On top of that, we don’t have access to pensions or quality retirement plans from employers. And there’s a chance that Social Security won’t be there. Despite all of these challenges, we still want to retire by 50. Is that actually possible, though? It could be if you start prepping for retirement ...
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Despite the current economic climate, and the eye-watering cost of living that has already affected millions of American households, a portion of younger adults are still finding it manageable to thrive financially even as financial anxiety persists. It’s not completely possible to ignore the major economic headwinds many Americans have experienced throughout the year. Skyrocketing inflation has sent consumer prices soaring, leaving consumers baffled over whether they will be able to cope with the increasing cost of living. In June 2022, the Consumer Price Index hit a red-hot 9.1%, the highest...
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Retirement can be a dream for one and a nightmare for another. People treat retirement differently, depending on their requirements and circumstances. While some feel retirement is the time to pack up bags and travel or commit to hobbies they have long paused for, others feel retirement is not the right option. There may be various reasons behind pushing away retirement: I need the money, I love what I am doing, I can’t imagine myself not doing anything, etc. The recent trend indicates that most seniors are reluctant to retire, and some decide to stay on course past retirement, while others ch...
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We financial millennials have the punchline for Boomers for way too long. But, guess what? When it comes to saving money? We’re on fire. Q1 2022 hedge fund letters, conferences and more Their 401(k) balances are also higher than those of Gen Xers, according to a report released last year by Pew Research Center. There may be some who are surprised by this. To us, it’s nothing new. Despite the misconceptions and stereotypes, like wasting money on avocado toast, millennials are, in fact, savers. Millennials’ Savings Habits“Because of the expensive necessities that surround us, some say millennial...
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We financial millennials have the punchline for Boomers for way too long. But, guess what? When it comes to saving money? We’re on fire. According toa study by Charles Schwab, millennials save significantly more for retirement than Baby Boomers. Unlike their parents, this younger generation has started saving money as early as their mid-20s. In addition, millennials ranked higher than Generation X-ers on the Retirement Preparedness Scale largely due to an increase in their savings rate from 7.5% to 9.7% in the past two years. Their 401(k) balances are also higher than those of Gen Xers, accord...
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A survey of 815 UK-based investors has revealed that the majority of young investors are more confident about their pandemic investment prospects for 2022 than more experienced investors. It found: 62% of investors aged 18-34 believe they will come out of the pandemic in a stronger financial position than beforeThis is compared to just 30% amongst those aged 55+ and 43% of investors overallQ4 2021 hedge fund letters, conferences and more 61% of younger investors view the pandemic as an opportunity to invest in new marketsJust 12% of older investors share this enthusiasm for ‘new normal’ invest...
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A message board destroys a top Wall Street hedge fund. You’ve surely heard about the WallStreetBets/GameStop saga by now. Many investors see it as a sign markets are headed for a crash. Q4 2020 hedge fund letters, conferences and more In fact, Google searches for “stock market bubble” just hit the highest level ever. And a new E-Trade survey found two-thirds of investors think the market is in a bubble. What if I told you this is the start of a megatrend that will propel disruptor stocks higher for years? As I’ll show you today, this story runs much deeper than a bunch of average Joes crushing...
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Receiving your first car is such a meaningful experience for most people. A new owner being handed the keys can represent so much. But does satisfaction hinge on whether they bought it themselves or if their parents made the purchase?Q3 2020 hedge fund letters, conferences and moreIn a new study, Leith Cars surveyed 1,000 people about how their first car affected their life down the road. They wanted to know how individuals obtained their vehicle, whether that acquisition impacted their satisfaction, and if it impacted their careers later in life. Read on to find out more.The Perks of a First ...
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