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April 13, 2021

Millennials

Op-ed: More boomers are choosing to ‘upsize’ their homes in retirement

CNBC Real Estate
Ariel Skelley | The Image Bank | Getty Images With age comes increased frugality. As people reach retirement age, it’s been common practice to get rid of what you don’t need, including personal items, extra expenses and oversized, hard-to-manage properties. For years, the average American retiree has charted a predictable......

These resources can help you teach your kids about money

CNBC
CNBC – For more and to sign up click here kate_sept2004 | E+ | Getty Images Much has been said about the importance of teaching your children about money. Yet you may not know where to start or even feel like you know enough about finances yourself. “Many parents avoid......

Millennials Share 30 Things That Today’s Kids Have No Clue About, And They’ll Probably Make You Feel Ancient

IA
Warning: the post below is likely to make you feel ancient. Like, fossil ancient. Read on at your own risk of burying hopes to stay a kid forever. Let this be a farewell to our inner Kevin McCallisters, since the last time we were home alone was two kids, a......

How much you need to invest per month to retire at 45 with $30,000 in passive income

CNBC
CNBC – For more and to sign up click here A little math can go a long way. There is a simple way to get an estimate of how much money you will need to save for retirement. You figure out how much you spend per year, then work your......

Many older millennials are burdened by housing costs, and it could keep them from reaching other financial goals

CNBC Real Estate
As millennials begin to turn 40 in 2021, CNBC Make It is launching Middle-Aged Millennials, a series exploring how the oldest members of this generation have grown into adulthood amid the backdrop of the Great Recession and the Covid-19 pandemic, student loans, stagnant wages and rising costs of living. When it......

Millennial Explains Why It’s Hard For Millennials To Wrap Their Head Around Their Own Age

IA
Every generation has its challenges and struggles, whether cultural, political, or psycho-social. Yet millennials, of all generations, seem to get most of the spotlight, not just in joke form, but also on a serious note through debates and discussions. And this should not come as a surprise—not too long ago,......

How much you need to save per month to retire at 45 with $35,000 in passive income

CNBC
CNBC – For more and to sign up click here If you go by Social Security guidelines, everyone born after 1960 should wait until at least 67 to retire. But that mostly matters when it comes to benefits. You can retire from your job as soon as you find a......

Retire by 50: How much you need to invest per month to save $3 million

CNBC
CNBC – For more and to sign up click here The money you are putting into your 401(k) savings plan at work most likely won’t be enough to retire early. The average American in their 20s only has about $15,000 in their 401(k). You’re going to need to invest a......

31% of young adults relocated during Covid. But they aren’t giving up on cities altogether

CNBC Real Estate
Morsa Images | Getty Images A pandemic migration has been underway, at least for young adults ages 18 to 31. That’s according to a Bankrate.com survey that found 31% of people in that age cohort relocated either permanently or for an extended period of time during the pandemic. That’s compared......

How to retire with $45,000 per year in passive income at age 45

CNBC
CNBC – For more and to sign up click here Being a millionaire isn’t that uncommon after a lifetime of working and saving. About 1 in 10 Americans in their 60s and 70s have over $1 million in savings, according to the 2020 Road to Retirement Survey by TD Ameritrade.   ......

With More Buyers Out There, These Home Upgrades Can Really Pay Off – Home

@BreaknNews
(NewsUSA) – Sponsored by GAF – It’s time to stop thinking of Millennials as totally uninterested in owning anything just because they were early adopters of Uber. The newly released U.S. home ownership rate rose in 2017 for the first time in 13 years – it now stands at 64.2......

Here’s what Gen Z and millennial investors need to do to make money in the stock market

CNBC
CNBC – For more and to sign up click here Most Americans do not have investments beyond their 401(k)s and IRAs. Nearly two-thirds of U.S. adults do not own stocks, bonds or mutual funds apart from their retirement accounts, according to a 2020 survey conducted by Pew Research Center. But......

Millions of Americans are moving to the suburbs. Here’s how much you need to earn to buy a house

CNBC Real Estate
As the country went under lockdown, Americans were on the move. Over the last year, 1 in 20 adults moved from where they were living either permanently or temporarily due to the coronavirus outbreak, according to a recent report by the Pew Research Center. Most cited financial reasons for relocating,......

Millennial Successfully Relocates And Buys Second Home at Age 25 – Home

@BreaknNews
(NewsUSA) – Amy bought her first house in Grand Rapids, Michigan at age 23. Fast forward two years and she has since sold that house and relocated to Pittsburgh, Pennsylvania. Two houses in two years at age 25: Here’s one Millennial who isn’t sacrificing homeownership for mobility.  The relocation shuffle ......

Gen Z and millennials seeking flexibility are changing corporate America, Upwork CEO says

CNBC
CNBC – For more and to sign up click here Freelance contractor Upwork had its best growth year as a public company last year and CEO Hayden Brown sees no sign of momentum that started before the coronavirus pandemic slowing down when the economy reopens. Younger workers, scarred by a......

How to retire at 45 with $40,000 in passive income every year

CNBC
CNBC – For more and to sign up click here Budgeting on a fixed-income can be stressful. Many Americans say they’ll have financial peace of mind when they have enough money to live comfortably the rest of their lives. Around 75% of retirees say that uncertainty over having a fully......

Meet the student loan borrowers refusing to pay their debt, hoping Biden will forgive it

CNBC
CNBC – For more and to sign up click here Sanders Fabares felt that something wasn’t working. Even after years of paying $1,000 a month toward his student loans and his wife’s, their balance hadn’t decreased by much. They still owed around $80,000, down from the $90,000 they’d originally borrowed.......

How to retire at 50 with $50,000 in passive income every year

CNBC
CNBC – For more and to sign up click here Many Americans aren’t doing the math on their retirement. More than 75% of people planning to retire haven’t calculated how much money they will need before taking the leap, according to the 2020 Four Pillars of the New Retirement study......

Cheap old homes draw U.S. millennials escaping pandemic cages

Reuters
NORWICH, Conn. (Reuters) – American millennials with budget constraints are breaking out of their pandemic coops to find affordable dream homes in far-flung places. For funeral home director Kate Reinhart, from Utah, that dream is an octagonal Victorian that recalls the macabre Addams Family mansion seen in cartoons, films and......

How 3 millennials started a hard seltzer brand while working full-time jobs

CNBC
CNBC – For more and to sign up click here There was no shortage of hard seltzer ads during the Super Bowl. Bud Light and Coors spent a good part of their advertising budget pushing new, fruity-flavored drinks signaling that seltzer may be the future. Even Coca-Cola plans to launch......

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