When measured in terms of relative change, more remote (nonadjacent) nonmetro counties will see the most dramatic changes from baby boomer
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Of baby boomers
with retirement savings, more than half have saved less than $250,000.
16 nationally with baby boomers
carrying around $27,000 in debt, while Greenville ranked No.
More than half of Millennials (52 percent) said they were comfortable using TouchID and FaceID to authorize mobile wallet payments --almost double the number of Baby Boomers
(29 percent) who said the same.
Much of the shift is down to demographics, with the taxable income of baby boomers
falling as they retire while the taxable income of millennials increases as they climb the career ladder.
If you have noted as of now, the millennial generation does not come after the baby boomers
. These two generations are actually separated by generation X, but the passage from boomers to gen xers was seen as a gradual one.
While the original baby boomers
lived through the Great Depression, WWII baby boomers
were the first to benefit from 20th century developments such as cradle-tograve welfare.
Called the Phoenix Fiscal Fitness Survey, the probers found that while the baby boomers
estimated they would need 60 percent of their final annual income to be comfortable in retirement, financial planners frequently suggest that a minimum need would be 70 percent or more.
Survey takers were categorized as millennials, Generation X and baby boomers
. The results showed that many millennials are planning ahead.
Selling to Baby Boomer
and older customers is different primarily because of this shift in the manifestation of human values.
Morgan Asset Management said it has released Investment Insights with new research that compares the saving and investment experiences of baby boomers
with those of Gen X and millennials, and derives potential implications for asset markets as boomers enter retirement en masse.
It is often said that you can't teach an old dog new tricks, but when it comes to retirement planning, Baby Boomer
workers should definitely take a cue from their Millennial colleagues.
For all that is written about differences between the 147 million people who comprise the Baby Boomer
and Millennial generations, it appears there is something they have in common: "Many individuals in both of those demographic groups are in the midst of major life changes that will often involve changes in housing, something that smart real estate investors should take into consideration when deciding when and where to buy or sell," writes Daren Blomquist, Vice President at RealtyTrac.