The most fortunate young Americans are ahead of their older peers when they were their age. A sizeable number have seen a savings bump in recent years. One quarter of millenmials have $100,000 or more in savings, up from 16% two years ago, according to Bank of America’s BAC, -0.69%Read More →
The “OK, boomer” meme that has swept the internet this year provides an outlet for younger generations to tell their elders that they just don’t get it. Yet as baby boomers retire, they’re less concerned with memes and more worried about whether things will be OK for them as theyRead More →
OK boomer — share the wealth. When baby boomers (born between 1946 and 1964) hit a median age of 35 in 1990, they collectively owned 21% of the nation’s wealth. The millennial generation will hit that 35 median age in four years and they are nowhere near owning that percentage.Read More →
Public pensions are not exactly a burning issue for millennials. In their minds, they won’t be retiring for decades, and pensions won’t affect their lives anytime soon. That line of thinking couldn’t be further from the truth. There’s currently a public pension crisis that doesn’t just affect retired government employees,Read More →
Move over, conscious-uncoupling — a new star-powered relationship status is in vogue. Emma Watson — the actress best known for growing up on-screen as Hermione Granger in the “Harry Potter” movies — got personal about turning 30 in a cover story for British Vogue’s December issue. “I never believed theRead More →
Somewhere, Bernie Sanders is smiling. A new survey released by the Washington, D.C., nonprofit Victims of Communism Memorial Foundation reflects that, if the younger generation gets out and votes in 2020, those running for office on the far left have reason to be hopeful. ‘The historical amnesia about the dangersRead More →
The latest research paints a grim picture of what retirement could look like for millennials — and we should all be concerned. In the developed world, no country has a higher concentration of millennials than the United States. They represent America’s future, but many have gotten off to a worseRead More →
‘Just do the math, there’s 89 million millennials in a 330 million population of the United States of America. And then the group behind them — this is crazy — is just as big. In 20 years, there is going to be way more payers into the Social Security systemRead More →
Climate change. Wars. Overworking. Unnecessary meetings. And just flat out being broke. These are some of the reasons why millennials aren’t planning for much of a retirement. Twitter TWTR, +0.70% erupted with suggestions as to how this young generation could spend their old age, using the hashtag #millennialretirementplans, on TuesdayRead More →
Alf Seccombe, a San Francisco area-based director with $223,000 in student loans, says those who blame students for the problem are “a little out of touch.” “People don’t realize that everybody is living paycheck to paycheck and they are not doing that by choice,” said Seccombe, 36. ‘We’re in aRead More →
Millennial home buyers are going to some troubling lengths to foot the bill for their first homes, according to a new survey. Millennials are more likely than their older counterparts to fund their down payment and closing costs by dipping into retirement savings (13%, versus 8% of Generation Xers andRead More →
Your kids really might be driving you to drink. And Constellation Brands Inc. would probably like to thank them for driving you nuts, particularly if you’re a millennial parent. Constellation’s chief financial officer acknowledged as much Wednesday during an interview at the Barclays Global Consumer Staples Conference in Boston. CFORead More →
Don’t miss these top money and investing features: Stories connecting with MarketWatch readers this past week include a spotlight on the grim financial reality millennials are likely to encounter when they begin to retire in about 30 years. Plus, read about why the U.S. stock market is riskier than youRead More →
Happy Friday, MarketWatchers! Don’t miss these top stories: Personal Finance This woman paid off $10,000 in credit-card debt with a personal loan, but her first attempt landed her in the red again Emily Rogers, 30, said she resorted to hiding credit cards in a drawer to keep herself from spending.Read More →
A 28-year-old woman sitting in the front row at one of Suze Orman’s events last year asked the celebrity financial adviser for some tips on retirement. Typically, that’s bread-and-butter stuff for Orman, who has made an absolute fortune over the years dropping knowledge on all things money. But this wasRead More →
Financial freedom costs money. One 25-year-old man living with his parents asked users of the social-media site Reddit to chime in on his mother’s advice that he save up between $10,000 and $15,000 before he moves out. He’s debt-free, earning at least $1,800 per month and planning to rent anRead More →
There’s no manual for navigating grief. The new Netflix NFLX, -1.35% dramedy “Dead to Me” follows Jen (Christina Applegate), a widow from Laguna Beach, who is grappling with grief after her husband is killed in a hit-and-run. She finds herself at a retreat in Palm Springs with her supportRead More →
People spend more on craft beer every month than they do on their monthly cell phone and utilities bills. Drinkers are shelling out an average of $59 per month on beer, a new survey from Chicago-based market insights agency C+R research, found. Millennials spend $5 more. More than half (56%)Read More →
Love & Money is a MarketWatch series looking at how money issues impact our relationships with significant others, friends and family. While swiping on the dating app Bumble, Laurann O’Neill, 26, found someone who caught her eye — for all the wrong reasons. He was 23, attractive and obnoxious. EvanRead More →
© Reuters. Logo of Sotheby’s auction house is seen in Zurich By Brenna Hughes Neghaiwi ZURICH (Reuters) – The global art market experienced another uptick in 2018, helped by an increase in the spending power of millennials, a report published by UBS and Art Basel said on Friday. A surveyRead More →
High home prices aren’t stopping more Americans from becoming homeowners. But seniors are bucking that trend. The homeownership rate nationwide was 64.8% in the fourth quarter of 2018, according to data released Thursday by the U.S. Census Bureau. That’s up from 64.4% in the third quarter and 64% a yearRead More →
