Search for: gen x

According to new data from the Federal Reserve, Gen X is finally getting better with money – both in earning and saving. Generation Xers will be the first to admit their early mistakes with money, but the recent pandemic has proven a golden opportunity to create wealth for people 41-56 years old. The generation hit… Read more

Want to know which states have seen the biggest influx of wealthy Generation X members in the last year? The 2021 report from the National Association of Realtors has all of the answers as to where Generation X is moving. According to a new report from the National Association of Realtors, Gen Xers made up… Read more

Wealth in America is a controversial and oft-debated topic. Its perceived definition also varies wildly by state, according to our list of how much money you need to make in every state to be considered wealthy. By generation, it varies even more. And, surprisingly, the perceived threshold for wealth is actually dropping in America. Defining… Read more

The rich get richer and people under 40 get poorer and poorer. At least that is what data from the Federal Reserve is telling us. The wealth distribution by age in America has been a hot topic for years. And of course older Americans will naturally account for the most of the wealth in this… Read more

Gen Z might catch some flack for being “the TikTok generation”, but it seems like they’re giving good ol’ millennials a run for their money when it comes to thinking about retirement. While the millennials were all about avocado toast, dream trips to Iceland and Mexico City with their friends, and Instagramable brunches, Gen Z… Read more

Millennials and Gen Z have been blamed for a lot of things – killing traditional industries like retail department stores and traditional cable, ruining the housing market, abandoning the traditional 9-to-5 work day. The list of greivences goes on and on. Now younger generations are being blamed for “sticky inflation” – meaning the costs of… Read more

Do you ever feel like everything in modern life is designed to take your money? Sky-high grocery bills, subscription services, simple trips to the doctor, the planned obsolescence of your smartphone. Heck, even getting to your job – they place where you go to make money – costs money. It all piles up. But who… Read more

For about a decade, people have warned that the robots and AI (artificial intelligence) are coming to take our jobs. The horror! When you see video from Boston Dynamics of a robot dog dancing, or a very human-like robot doing parkour, you tend to shake your head and think that technology is a long way… Read more

When it comes to saving money, we’ve told you about how different generations of Americans are saving and building wealth. We’ve also told you about the average amount of debt each generation of Americans has. But how are different generations of Americans spending the money they bring it? And what categories are they spending that money… Read more

Charlie Munger – who has a net worth of $2.7 billion – is warning young adults that it will be more difficult for them to get rich compared to older generations. Munger became the vice chairman of Berkshire Hathaway in 1978 – a position he still holds at the age of 98. Munger has made… Read more

The pandemic has changed nearly everything, and many things are unrecognizable. The pandemic significantly changed the work environment, ushering in a wave of remote workers. While working at home offers numerous advantages, it also has a multitude of drawbacks. One of the disadvantages of working from home is the lack of separation between your work… Read more

In order to receive full Social Security benefits for retirement, Americans can’t retire until age 67 (if you were born after 1960). A new report found that millennials and members of Gen Z want to retire before the age of 60. However, one expert explains the major roadblocks facing younger generations who desire early retirement…. Read more

Americans added $660 billion in debt during the pandemic, according to personal finance site Money Geek. But Americans were piling on debt before the pandemic as U.S. credit card debt hit a record high of $930 billion in the final quarter of 2019, CNBC reports. The average U.S. household holds more than $155,000 of debt,… Read more

There’s been a lot of doom and gloom headlines talking about millennials and wealth. For example, 60% of millennials making over $100k a year say they’re living paycheck to paycheck, while stats from the Federal Reserve say that millennials are behind on building wealth thanks to debt and stagnated wages. Stats show that millennials only… Read more

The lasting effects of the pandemic will be felt for years, but the way it’s going to effect the job market is much different than most could have anticipated. With the uncertainty and job loss during the first 6 months of Covid, one might have assumed people would be clinging to any kind of full-time… Read more

The Covid pandemic has changed the way people live and work. It’s not only altered reality, but it has also changed expectations of future realities. Like never having to go into an office ever again. For some people, going back to an office might be an essential part of doing business. But for the vast… Read more

We’re not sure how long the Federal Reserve has been tracking wealth distribution data, but we took a look back to the earliest year they have on their website: 1989. Ah yes, 1989, the year Taylor Swift was born. Back then, George H.W. Bush was president, Game Boy came out, The Simpson’s made its debut… Read more

The world of finance has been around for centuries but there are always new innovations that change the landscape. Recently, with the rise of the fintech companies just like Monzo, Chime, Aspiration, and Revolut, consumers have felt more in control in managing their financial accounts through self-service platform in the form of a simple mobile… Read more

We are all at least familiar with the concept of borrowing money. On a large scale, most of us have had to do it when buying a home or a car. It is likely we’ve all borrowed money from a friend on a smaller scale, as well. With that said, municipalities and companies do the… Read more

As we grow our careers, some of us conclude that what we’re making at the end of the day isn’t enough. For those with a busy schedule, it may not be possible to search out job opportunities to increase income actively. One method of getting extra profits at the end of the month is to… Read more

The American Dream has always consisted of grandiose visions of retired life. After working for decades breaking their backs, men and women envision a life of leisure at a later age. But why wait until it’s too late? Why not put in the work now to retire sooner, while you’re still young enough to do… Read more

If you’re a millennial, there’s a good chance you’re putting some serious thought into your retirement savings. Retirement sneaks up fast and, well, us millennials aren’t getting any younger. So how much money do millennials have saved for retirement on average? Thinking about retirement savings is like a mountaintop – the destination is the same,… Read more

Retirement is such an important chapter of life, but there are so many financial pitfalls that retirees can make. The phase of happiness that is expected to be relaxing can transform into an era of stress, uncertainty, and anguish. And you certainly don’t want to run out of money during retirement, do you? 8 of… Read more

When you dream about financial comfort what do you see for yourself? Millions? Tens of millions? Billions!?! Well, according to a recent Modern Wealth Survey from Schwab, Americans need a lot less to be financially comfortable than we could have imagined. And the number is a lot lower than what the survey revealed in 2020…. Read more