Sentences with phrase «boomers saying to their children»

(It is akin to wealthy retired Boomers saying to their children, «You don't have to care for us, we've found people who will do it more cheaply.»

Not exact matches

That said, the oldest Boomers are past their «peak consumption years», meaning less spending on key categories like transportation, housing and apparel, with the windfall more than picked up by their children, netting out to about an average 0.77 % demographic driven annual growth rate across sectors through 2060.12

He said many boomers — far from being disinterested in or fearful of the latest tech — instead see it as the best way to connect with family and friends, particularly their children and grandchildren who see smartphones as the prime means of communication.

President Sarkozy recently said it is high - time for the baby boomer generation to assume responsibility for the benefit of their children and grandchildren.

The fastest growth bequests will be from boomers to their millennial children, he says.

Rather than going to their oldest children for a loan, these boomers might want to consider a reverse mortgage, Lewis says.

He says that changing demographics — from aging baby boomers desirous of being close to entertainment and healthcare to young people without children — are creating a desire for places to live that are walkable and have amenities nearby.

It's not just millennials who are racking up the debt; baby boomers, either because they're taking out loans on behalf of their children or they're going back to school themselves, hold a significant portion of it, said Meta Brown, a senior economist at the Federal Reserve Bank of New York who joined Castro and Chopra at a session titled «The Impact of Student Debt on Housing Choices: Regulatory Issues Forum» on Tuesday.

With baby boomers deep into their peak earning years at the same time that their aging parents are turning over much of their assets to their children, the market for timeshares is huge, says Stroman, who chairs the National Association of REALTORS ® Resort Real Estate Forum, a panel launched last year to help REALTORS ® stay on top of resort trends.

42 % of Baby Boomers say they have helped or will help their adult child financially with buying a home, if the help is needed — this represents a seventeen percentage - point deficit compared to Millennials