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Millennials & Money
If you think the standard recommendation of putting 15% of your paycheck toward retirement is impossible to achieve, get ready for an even bigger hurdle. At least one retirement expert thinks that number should be much higher.
A fundamental shift in the spending habits of U.S. millennials will have an incredible impact on the world’s largest economy, according to the CEO of Smead Capital Management.
Beer and wine producer Constellation Brands is seeing an uptick in the millennial generation’s consumption of alcohol and, according to a company executive, that’s in part thanks to one specific reason.
Home price gains had been shrinking over the last year, but the increases turned higher again this summer. Home prices were up 3.6% in July compared with July 2018, according to CoreLogic.
For the last year or so, Goldman Sachs has been selling itself as a technology company.
Billionaire and GOP front-runner Donald Trump got his business start off the ground thanks to what he called a “small” loan from his father — $1 million. Turns out a fair number of millennials who are self-employed and launching start-ups are doing the same thing. Well, not the $1 million part. While a financial gift …
It’s the season of kindness, and contrary to their self-centered stereotypes, millennials are sharing the wealth. A hefty 84 percent of millennials made a charitable donation in 2014, and 70 percent spent at least an hour volunteering, according to the Millennial Impact Report by research group Achieve, which surveyed more than 2,500 millennial employees and …
Millennials think they know a lot about credit. But the numbers tell a different story. More than seven in 10 18-to-34-year-olds said they feel confident about their credit knowledge, according to a recent survey by Experian. If fact, millennials, on average, estimated they had a score of 654. But it turns out that for many, …
Millennials have been less inclined to own stocks than their parents are. About 26 percent of Americans under the age of 30 own stocks compared to 58 percent of baby boomers, according to Bankrate.com. But the young investors who are jumping into the market are choosing very different stocks than their parents are. In an …
Conventional wisdom holds that the millennial generation, influenced by the 9/11 attacks, burdened with student debt and reared in a world of high-speed mobile devices, is a unique group of young people. But a special CNBC All-America Economic Survey focusing on millennials finds that while the generation has some unique characteristics, young people today in …
Americans in their 20s and 30s are facing a retirement crisis that could plunge them back into the Great Depression, Blackstone President and Chief Operating Officer Tony James said Wednesday.
Millennials have more debt and less income than Gen X or baby boomers on average. But those aren’t the only financial constraints some face.
As more millennials graduate into better paying jobs, marriage and parenthood, real estate developers are doing all they can to entice this renter-nation generation in home ownership. That means making urban homes more affordable, which means making them smaller. The tiny house movement may still be something of a novelty on home-remodeling TV shows, but …
The standard advice from financial advisors to 20-somethings is to invest as much as they can in stocks—regardless of periodic market swings, however wild, like those seen over the past few days—and watch long-term compounding do its magic for the next 40-plus years. But millennials, the 80-million-strong generation born between 1980 and 2000, don’t seem …