Survey reveals Boomers and Gen X are more likely to remain in rentals long-term.
Study Reveals Average Tenure of Renters A recent study shows that renters average about four years in their current homes. Among 2,000 surveyed American renters, 28% indicated they’ve been in their rentals for over seven years. Notably, baby boomers (41%) and Gen X (28%) tend to stay the longest compared to other generations. The research, […]
2 Ways the ‘Big Beautiful Bill’ Will Impact Boomers’ Retirement Funds
Impact of New Legislation on Retirement Savings A recently enacted law, referred to informally as the “big beautiful bill,” is expected to significantly affect the financial landscape for many working Americans. For those approaching retirement, it might lead to some promising upticks in savings. Essentially, the tax cuts included in this new legislation could free […]
Five Items Boomers Should Consider Selling in Retirement, Even If They’re Reluctant
For many retirees, simplifying their lives post-work should be a smooth process, yet holding onto certain possessions can unexpectedly drain savings or limit flexibility. Nostalgia, comfort, or simply habit can tie people to items that no longer serve a purpose. However, letting go can lead to a less cluttered, freer life. Here are five categories […]
One in three Baby Boomers reports they will never sell their home, according to a survey
– A recent survey reveals that over a third of baby boomers who own homes say they have no plans to sell, according to findings from the Redfin Committee. Additionally, 30% of respondents indicated they might hold onto their homes for at least a decade, although they remain open to the idea of selling. Interestingly, […]
Boomers are ruining spaghetti, but Gen Z cooks get it right: expert
The kids are fine. While the majority of Gen Z home cooks make spaghetti suitable for Italian family dinners, most baby boomers remain hopelessly lost in the shadow of the pasta pot, according to a new study. To better understand America's relationship with Sunday favorites, Barilla commissioned a starchy study that uncovered a surprising generational […]
Millionaire boomers less likely to share their wealth: Study
Research shows that millionaire Millennials and Gen Xers are more than twice as likely as Baby Boomers to prioritize sharing their wealth with the next generation. new research From financial services firm Charles Schwab. Data reveals that baby boomers born between 1946 and 1964 plan to spend most of their wealth rather than save it […]
Trump's plan for Social Security will help baby boomers in the short term and cut benefits for anyone younger – Business Insider
President Trump wants to cut taxes on Social Security benefits, affecting current and future beneficiaries. Experts have warned that these cuts could deplete Social Security funds three years sooner than expected. Low-income baby boomers and young people will be hardest hit by Mr. Trump's proposal. Thank you for registering! Access your favorite topics in a […]
Boomers live on Social Security, no retirement savings – Business Insider
Down icon An icon in the shape of a downward angle. Mary Dacus, 69, said she and her husband (not pictured) survive on Social Security benefits. Image source / Getty Images Mary Dacus, 69, struggles to afford basic necessities on her Social Security income. Inflation and limited income have forced Dacus and her husband to […]
Baby boomers are much more worried about the NHS than their pensions, Mr Sunak | Torsten Bell
ohOne week down, five to go. Good luck, everyone. What have we learned? The Conservatives plan to throw around a bunch of different policies. Well, that’s OK. Talking about wild new ideas for the future avoids conversations about the past (stagnant wages and ubiquitous potholes mean the public has pretty much made up its mind […]
Student loan debt: Gen X, boomers borrowed more money than other generations
See what’s clicking on FoxBusiness.com Amid the 2024 presidential campaign, student loan debt and forgiveness have become a hot topic for American voters as college graduates struggle to contribute to their loan tabs. Nationally, Gen . “The total federal debt in the United States is $1.727 trillion, or 92.8% of the total.” scholarship “The remaining […]