Gig Economy, Platform Economy, Side Hustle, Makers, On-Demand Economy, Freelancer, Entrepreneur… whatever term(s) used, describes an incredibly fast growing occupational direction that is becoming synonymous with career or job for Millennials and Gen Z.Read More
A lot of what has transpired re: millennial finances over the years have been a bit on the negative side; even though there are very different stories happening across the generation’s various life stages. But I come bearing some promising news on the generation as whole from the folks at Fidelity; who found that 80% of 18-35-year-olds have an emergency fund, with an average of $9,100 saved, surpassing the average amount Boomers and Gen Xers have saved (which is surprising to me!).Read More
Nearly every feature of the ‘robo-advisor’ is attractive to Millennials.
- Personalized – They require customization to create personalization.
- Automated – They’ve got too much going on in their life to dedicate a lot of time.
- Low-Cost – For most, they are in the early stages of their career and not making the big bucks. Having really low fees and low minimums is critical.
As the recovery from the recession continues, and Millennial incomes continue to take shape, perspectives on the misguided Millennial investor have popped up. Yes, many are behind the 8 ball with student debt and less than stellar jobs, but many in the 18-34 age spectrum are now making decent money, saving some, and are in need of a financial plan and investment advice.Read More
It seems that millennials are working smarter to put themselves in a better financial position. Featured in a Bloomberg article, the eighth annual America Saves Week survey by the Consumer Federation of Americas shared the percentage of 18-34 year olds who saved at least 5% of their income increased to 56%, from 50% in 2014. Additionally,Read More