millennials
Will fixing Social Security fall to the Millennial generation?
With the many perspectives on how the Social Security dilemma will play out, this article by Kerry Hannon for Yahoo Finance ponders on a scenario where Millennials take the hit. Read here… As an example of the leading thoughts on…
Changing attitudes about retirement
Fidelity Investments released its latest State of Retirement Planning report highlighting changing attitudes about retirement. Led by the younger generation, two-thirds of the respondents are now more inclined to live intentionally by pursuing their passions and dreams in retirement. The…
Social Security’s Uncertain Future Leading to Strategy Changes for Millennials
It’s certainly no secret that the long-term future of Social Security is a little shaky, This should come as no surprise to anyone who’s given thought to how this once predictable component of retirement financial plans will fit into their…
Bonds backfired on boomers in 2022
After last year’s market turmoil, younger investors are faring better than older investors. According to Fidelity Investments, “the average 401(k) balance for millennials stood at $48,300, up from 2021; however, the average 401(k) account for boomers held at $220,900, down…
Say what you may about the millennial workers, but….
Say what you may about millennial workers, but they are out saving the older workers. The latest Vanguard report found millennial workers are ”set to replace 58 percent of their prior earnings during retirement.” The experts point to developments within…
Attention, Millennials: Don’t Give Up on Social Security!
The popular media hasn’t been kind to Social Security in the recent past, using words like “bankrupt” and phrases like “the money has been stolen” to suggest where the program is headed in less than a decade. It’s unfortunate that…
Thoughts for Millennials on the Future of Social Security
Those Americans categorized as Millennials, also known as Generation Y or Gen Y, have some logical concerns (or at least questions) about the role that Social Security will play in their future. In fact, many in this demographic cohort are not…
A Timeline Clarification for Millennials–Preparing for the Future of Social Security
Social Security’s impending solvency crisis has been in the news quite a bit in recent months and, unfortunately, much of the media accounts have created a misunderstanding of what’s really in the cards for this critical senior support program. Specifically,…
A Generation-by-Generation Analysis of Beneficiaries’ Expectations
The drums are beating loudly these days on the issue of Social Security’s long-term financial future, with a steady stream of pundits weighing in on what’s likely to happen. But aside from the constant flow of articles posing suggestions for…
Millennials and the FIRE Movement: A Cautionary Tale
The thought of retirement way before conventional approaches is attractive to many younger workers desiring freedom from work life. That attractiveness has spawned the FIRE movement–“Financial independence, retire early”–and in recent past it seems to be growing n popularity. If…