Millennial net worth seemingly doubled since the start of COVID-19

Although the COVID-19 pandemic had devastating effects on the U.S. economy, one key demographic was able to benefit during that time: Millennials. Millennials, who are defined by the Federal...

The rent is too d*mn high for Gen Z: Younger generations are ‘squeezed the most’ by higher rents, BofA says

Gen Z has seen its median rent payment go up 16% since last July, while Baby Boomers experienced just a 3% increase.

Jobs report: U.S. labor market unexpectedly adds 528K jobs

U.S. job growth ballooned by 528,000 positions in July, far exceeding expectations. Overall employment back to levels not seen since February 2020. Job increases were widespread and led by gains...

Jobs report: U.S. labor market unexpectedly adds 528K jobs

U.S. job growth ballooned by 528,000 positions in July, far exceeding expectations. Overall employment back to levels not seen since February 2020. Job increases were widespread and led by gains...

Expect the job market to stay tight

There's a shortage of workers, thanks to retiring Baby Boomers and declining immigration.

Americans expect to pile on debt the rest of the year

Gulp. Talk about a flashing red light.More than 2 in 5 Americans expect to pile on debt between now and the end of the year, according to a new survey by Lending Tree that polled over 1,000 U.S....

Top Millennial, Gen Z Picks Shift To Dividend-Paying Stocks; No. 1 Stock Tesla To Hold 3-To-1 Stock Split Vote On...

Millennials, born between 1981 and 1996, are saving more than ever. A Bank of America survey found that nearly a quarter of Millennials that are saving have at least $100,000. Over the next 25...

If The Fed Marches On, They're Creating Another Lehman Situation", Larry McDonald Warns Powell Is "Pumping A False...

"If The Fed Marches On, They're Creating Another Lehman Situation", Larry McDonald Warns Powell Is "Pumping A False Narrative" Authored by Christoph Gisiger via themarket.ch, After a...

Here's the average salary Americans need to feel 'financially healthy' at every age

The average salary Americans need to feel financially healthy went down 13% from six months ago to an average of $107,000 overall. Some 58% of Americans feel that their quality of life is...

Are you a millennial? Your net worth has likely doubled since the pandemic began (but there’s one big caveat)

The average net worth of a millennial is now $127,793, as of the first quarter of this year. In 2020, that number was $62,758. The report looked at figures from Distributional Financial Accounts,...

Gen Z is stashing away 14% of income for retirement

Gen Z has the highest share of savers who feel assured they're getting it right, at 69%. The average retirement savings rate for older generations is 12% of income, compared with 14% among Gen...

Gen Z is stashing away 14% of income for retirement

Gen Z has the highest share of savers who feel assured they're getting it right, at 69%. The average retirement savings rate for older generations is 12% of income, compared with 14% among Gen...

Why is there a pilot shortage? 6 factors that are contributing to the airline industry crisis

U.S. air carriers are scrambling to fill cockpits this summer, but they’re facing hurdles from retiring baby boomers to pandemic fallout. Head to any airport this summer, and you’ll likely find...

More Americans plan to tap Social Security retirement benefits early and continue working amid economic uncertainty,...

The Covid-19 pandemic has contributed to high inflation and economic uncertainty. It has also made people second-guess their retirement plans. While more people are interested in claiming Social...

Why Job Turnover Is So High For Gen Z And Millennials

Why Job Turnover Is So High For Gen Z And Millennials Authored by Kimberlee Josephson via The American Institute for Economic Research, Jonathan Haidt’s latest essay, “Why the Past 10...

Letter of Retirement Sample Ideas

Are you ready to say goodbye to working full-time? You’re not alone. Since COVID-19 began, the retirement rate of Baby Boomers has accelerated ‌significantly. ‌Specifcally, ‌nearly 29 million...

Help My Career: ‘It’s not about the future of work, it’s about the future of living’: How to handle the dreaded...

Some companies are allowing employees to work on a hybrid schedule. It's also worth remembering that remote work is a luxury. Few managers will take kindly to a zero-sum game. If it has not...

Millennials are to blame for sky-high inflation, strategist says

The latest consumer price index revealed a 9.1% increase year-on-year in June. Treasury Secretary Janet Yellen said inflation in the U.S. is "unacceptably high" The causes behind the steep jumps...

Macro Guru Raoul Pal Predicts How Recession Unfolds, Says Crypto and Technology Only Sectors Outpacing Infl..

Real Vision CEO Raoul Pal says baby boomers face limited choices in dealing with a potential recession. Pal tells his 962,500 Twitter followers that the current economic slowdown will likely...

Social Security isn't bankrupt: What we know about future benefits based on the latest trustees report

Social Security's trust funds were projected to have a depletion date of 2035 in the latest report. That is one year later than was projected last year. "We're getting into that area where...

Many younger baby boomers may outlive their 401(k) savings, new research finds. Here's why

A new study finds that retirees spend down their 401 savings balances at an alarming speed. Many older Americans could be at risk of emptying their accounts by 85, although half of them will live...

Social Security and Medicare Funds Improved, But the Long Term Is Dire

Social Security and Medicare funds improved during the pandemic, but the long term remains dire. Social Security, Medicare funds improve during pandemic. But the long-term remains dire, as shown...

Next Avenue: George Carlin on abortion, baby boomers and the American dream, and why his comedy is still so relevant...

Judd Apatow, director of a new HBO documentary on George Carlin, talks about the late legendary comic. Growing up in the sixties, Sunday nights at 8 p.m. on CBS was appointment viewing. "The Ed...

What if the Fed can't tame inflation?

Inflation rates have been increasing sharply since August 2021 and have been out of the normal 2%-to-4% range for a full year. A growing distrust in the Fed's capabilities and a belief that...

Americans aged 45 and younger face a longer, more difficult road to get a ‘good’ job

Two new reports from the GeorgetownUniversity Center on Education and the Workforce suggest that while most baby boomers were able to settle into a good job by their mid-twenties, older...

A larger share of younger investors say they’re not afraid to buy the dip in the pursuit of long-term gains

Fewer than two in ten people, 18%, say they feel optimistic enough to put more money in the market this year. Some 43% of investors who said they’re ready to increase their investments (43%) are...

Does inflation have you worried about retirement? Here's what experts say to do

Inflation may have you worried about your retirement. Prices have been rising on everything from food to housing. Inflation may be a concern for those planning for their retirement. If you're...

Survey: More than a quarter of U.S. millennials plan to use crypto to fund retirement

28% of millennials polled said they expect to use cryptocurrency to support themselves in retirement. That figure is higher than those who said they would use savings and stock investments. The...

More Young Workers Are Considering Leaving Your Company: Survey

Bloomberg | Quint is a multiplatform, Indian business and financial news company. For more, go to: www.bloomberg.com/quint and follow us on Twitter @BLoomberg and @QuintIndia. For confidential...

The ranks of these kinds of investors are poised for fast growth in the coming decade

Three investor sub-segments are showing signs of "significant and lasting growth" Women are poised to control much of the $30 trillion in investable assets owned by baby boomers by 2030. Other...

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