baby boomers

A new report from consumer research firm Hearts & Wallets reveals that Generation X stands to inherit trillions of dollars from the Silent Generation over the next 10 years, presenting significant opportunities and challenges for financial advisors. Currently, the 65-74 age group holds the...

When it comes to making above-average returns, young wealthy Americans are moving past U.S. stocks. What Happened: A total of $84 trillion could transition from seniors and Baby Boomers to the younger generations through 2045, according to The Bank of America Study of Wealthy Americans. The younger...

“Rich Dad Poor Dad” author Robert Kiyosaki issued a dire prediction for baby boomers, the demographic group born between 1946 and 1964, on Friday. What Happened: In a post on X, formerly Twitter, Kiyosaki warned, “BOOMERS to go BUST.” He attributed this...

As Americans gear up for the holiday season, the latest Bank of America Winter Spending Survey has unveiled a significant shift in holiday spending trends, particularly among younger Americans. With more than 40% of respondents expressing their intention to tighten their belts this festive season...

An annual survey reveals the fastest growing brands in the U.S. and includes rankings for fast growth brands amongst different age groups. Likely to no surprise, lists are dominated by the rise of artificial intelligence. What Happened: Morning Consult ranks the fastest growing brands among U.S....

Consumers can expect a net $68 billion tailwind in 2024 from perks such as changes in social security and lower gas prices — a boost to discretionary spending for many that could provide some support for retail stocks. Bank of America‘s $68 billion tailwind estimate includes a $76 billion...

Leading ecommerce company Amazon.com Inc (NASDAQ: AMZN) hosted its recent Prime Day shopping holiday over the two days of July 11 and July 12. The holiday was first launched back in 2015 and offers exclusive deals for Amazon Prime subscribers. Here’s a look at how different age demographics...

It's no secret that millennials and Gen Z are facing financial challenges when it comes to purchasing a home. But many older generations insist they had it harder when they were young. The data, however, paints a different picture. Cost of living vs. pay: The cost of living has increased...

Social stigma on cannabis users has driven brands and cannabis companies to find creative alternatives to debunk myths and educate the consumer on responsible cannabis use. However, cannabis perception is not linear and varies across generations. Thus, the Cannabis Media Council (CMC), a...

A new poll highlighted the fastest-growing brands based on awareness. The poll results were sorted by age demographic, which could help show which brands are bound to be popular in the future. Here’s a look at the results. What Happened: A new poll from Morning Consult showed the...

The pandemic has completely transformed the global workplace environment, making remote work the new normal and shifting business communication and resources from offline to online. Professionals of all ages have had to adapt to the new digital workplace, and a new survey by CommercialCafe found...

As has been widely documented, exchange-traded funds are on a torrid pace of asset gathering this year. Through the first seven months of 2017, U.S.-listed ETFs added $191 billion in new assets, easily positioning the asset class to topple the inflows record set in 2016. And as has been previously...

Investors poured $47 billion into U.S.-listed exchange-traded products, including exchange-traded funds, last month. That brought U.S. ETF assets to another record assets under management tally of $2.758 trillion. Millennial investors are proving to be big drivers of U.S. ETF growth. Net flows to...

It's officially the second month of the year, and those who made New Year's resolutions are a full 31 days into their new routines. Or, are they? According to research conducted by the University of Scranton, 46 percent of people who made New Year's resolutions have abandoned their...