As a group, the echo boomers are more racially and ethnically diverse
than their baby boomer parents.
A new UBS report suggests that millennials are less concerned about building wealth in the long - term
than their Baby Boomer parents.
Gen X Might Be Less Prepared
Than Their Baby Boomer Parents January 25, 2012 Annuity Basics, The United States Economy, Your Retirement
Surveys continue to find that Millennials prefer different living styles
than their baby boomer parents.
And, if they keep pace with their current savings habits, they could retire with $ 1 million more
than Baby Boomer parents and $ 400,000 more than Gen X parents.
It has enabled millennial investors to begin saving for retirement far earlier
than their baby boomer parents did.
Not exact matches
In fact, US millennial
parents are on track to be richer in retirement
than the typical Gen - Xer or
baby boomer with kids.
Aging
baby boomers will retire but stick around (among the living) longer
than their
parents.
Many
baby boomers in their late 50s and 60s expect to keep working longer
than their
parents» generation, but studies show they're hoping to do it on their own terms.
Baby boomers have most of the wealth and the housing, so «millennials are doing less well
than their
parents at the same age.»
Studies have shown many young adults in their 20s and early 30s are better at tracking expenses and sticking to a budget
than baby boomers, who are generally the
parents of millennials.
Baby boomers in their 50s and 60s are carrying much more mortgage debt
than their
parents did at their age.
Millennials and their
parents are 72 and 69 percent in support of cohabitation; compared to elders, who are anyone older
than Baby Boomers, at only 36 percent.
«These
parents are
Baby Boomers, who, more
than any generation past or present, questioned authority when they went to college,» she wrote.
After learning that Burt's self - centered,
baby boomer parents are moving to Belgium to fulfill their own ambitions rather
than accept the responsibility of grandparenthood, Burt and seriously pregnant Verona embark on a road trip to visit old friends and family and, hopefully, to find a home.
After learning that Burt's self - centered,
Baby Boomer parents are moving to Belgium to fulfill their own ambitions rather
than accept the responsibility of grandparenthood, Burt and seriously pregnant Verona embark on a road trip to visit old friends and family and, hopefully, to find a home.
The Mustang came along at the right time, when the first of the
baby boomers were coming into young adulthood and their forty - ish
parents, about to be free of their offspring, could think about something other
than four - door sedans and station wagons.
This theme is expanded on in Too Much of a Good Thing: Raising Children of Character in an Indulgent Age by Dan Kindlon, Ph. D. Kindlon praises
baby boomers for being emotionally close to their children and for raising kids who confide in their
parents more
than earlier generations, but he also finds them too indulgent.
More and more Canadians are carrying untenable levels of debt into retirement, and a number of factors are cited — from a
baby boom generation more comfortable with credit
than their
parents to overly - early retirement.
According to CNBC Money, millennials are far better at handling their finances
than their
parents, the
baby boomers.
If you are a
baby boomer, Gen X or Gen Y, one thing is clear: Your retirement is going to be very different
than your
parents».
As
baby boomers mature they find they are fitter, and generally more wealthy,
than their
parents were (even in the midst of the credit crunch!)
Baby boomers have been found to be more chronically ill
than their
parents were, with reportedly higher rates of hypertension, diabetes, obesity, and high cholesterol.