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When it comes to the baby boomers’ run of investing luck, timing has been on their side.
Decades of stellar stock-market returns produced by a series of bull markets that began in 1982 coincided with boomers’ prime working years and made their nest eggs grow.
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Some people think money can buy happiness.
Millennials say they need a $525,000 salary to achieve financial happiness, the highest among all generations, according to an Empower survey conducted by the Harris Poll.
Here are the yearly salaries Americans of different generations say they need to feel happy, according to the poll:
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A recent article in The Wall Street Journal describes how many baby boomers remain attached to stocks, even in retirement. Adults age 65 and up are the only group of Americans to see stock ownership rates rise since before the 2008 financial crisis, according to the article. Whether because of sentimental attachment, fear of missing out, or tax aversion, older Americans often overweight their portfolios to stocks, which could put their retirement goals in jeopardy. So for this week’s Barron’s Advisor Big Q column, we asked financial advisors: “How do you persuade baby boomer clients who own too much stock to reallocate?”
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Is America going into a recession or not? That depends on who you ask—and how old they are.
Consumer households from their 20s to their 50s are now spending sharply less on their credit and debit cards than they were a year ago reports Bank of America, after crunching the numbers on its customers.
At this point it’s mostly those over 60, and…
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The Baby Boomer Retirement Crisis Is Here. Why the Richest Generation Is Struggling.
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