America's older households sit on nearly $140 trillion in wealth, and much of it showed up recently.
Households age 55 and over held around three-quarters of the nation's total net worth in the second quarter of 2026, according to an Oct. 1 report from Bank of America Institute, based on ******* ysis of Federal Reserve data. "With equity markets rising strongly," wrote senior economist David Michael Tinsley, those households have seen "a more than 20% increase in their net worth over the past two years."
That rally has run on AI. The Magnificent Seven accounted for more than half of the S&P 500's gains last year, Fortune reported in April, and Goldman Sachs strategists found technology stocks drove 85% of the index's return through mid-May this year. "AI-driven return has been the single most important structural driver of equity performance," Capgemini's Luca Russignan told Yahoo Finance in June. Boomers own 54% of all U.S. stocks.
That's a lopsided split. Americans 55 and over make up about 31% of the population, according to Census Bureau estimates, but control roughly 75% of its net worth.
The pile gives many older Americans what the institute calls "considerable capacity to spend on travel and other leisure categories." Add their growing share of the population and their extra free time, and they become an increasingly influential market for businesses chasing consumer dollars. The BofA report focused mainly on the economic implications of a growing mass of older consumers, but the generational wealth composition was striking.

#households #institute #according #report

Dividend-paying stocks are taking a beating as surging Treasury yields make bonds a more competitive income source, creating a difficult environment for baby boomers who lean on dividend funds and individual stocks to cover living expenses in retirement.
Utilities, real estate, and materials have all experienced share-price declines as climbing bond yields have drawn income-seeking investors away from dividend stocks. The 10-year Treasury yield has remained north of 5%, recently hovering between 5.2% and 5.3%, while the 20-year has hit 5.68% and the 30-year has reached 5.62% — marks last seen more than two decades ago, according to Benzinga.
The pain shows up clearly in fund performance. The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) lost 7.59% over the trailing month, and the iShares Select Dividend ETF (DVY) shed 6.02% in the same window, according to CNBC. The Vanguard High Dividend Yield Index ETF (VYM) gave back 3.85% over the past month. The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) stands apart, with its heavy tilt toward technology helping limit its one-month loss to just 0.81%.
The Federal Reserve raised its overnight rate by a quarter percentage point on Sept. 16, and markets are pricing in additional increases, keeping pressure on rate-sensitive dividend sectors. The 10-year yield touched 5.342% and the 30-year reached 5.683%, their highest marks in 24 years, driven in part by rising public debt, geopolitical tensions, and the prospect of a prolonged high-rate environment.
Despite the pressure, financial advisors caution retirees against making reactive moves. "The worst thing that a retiree could do is sell a high-quality dividend payer at depressed prices to chase income somewhere else in the stock market just to get higher yield," Timothy Chubb, chief investment officer at Girard, a Univest Wealth Division, told CNBC. Chubb said he would rather own a company growing 4% to 5% annually with a 3% dividend yield than pursue an 8% yield from a deteriorating business.

#Dividend #yield #month #treasury

Wealthy baby boomers have spent decades building their fortunes—and the foundations, donor-advised funds, and giving traditions that come with them. But as the $124 trillion Great Wealth Transfer gets underway, a growing share of the older generation isn't so sure their kids will carry on tradition the way they hope.
Fewer than half of wealthy Americans (47%) believe the next generation is prepared to take on family philanthropic causes, down from 55% in 2024, according to research from Bank of America released last week. The share of parents who believe their children share their commitment to giving back fell even more sharply to 65% from 76%. The bank surveyed more than 1,430 wealthy individuals in the U.S. aged 21 or older with at least $3 million in investable ******* ets, excluding primary residence.
The confidence gap in philanthropy mirrors a broader anxiety wealth advisors have noticed about whether heirs are ready for any of it.
"This is a very real concern I'm hearing from ultra-affluent families right now," Tom Thiegs, managing director of leadership and legacy at Ascent Private Capital Management with U.S. Bank, told Fortune of parents' fears that wealth could dampen their children's drive. Trent Von Ahsen of Cedar Point Capital Partners also told Fortune his clients are leaning on mentorship and phased wealth transfers rather than lump-sum inheritances.
But the irony is younger donors are, by several of the study's measures, more engaged donors than older generations. Gen Z and millennial donors support an average of 12 charitable causes, compared with eight among wealth donors overall. They're also roughly twice as likely to use a donor-advised fund, and 87% say honoring their family's philanthropic tradition is important. Meanwhile, 86% say it's equally important to establish their own charitable identity.

#advised

Anson Williams has a very important message for baby boomers.
The 77-year-old Happy Days star posted a shirtless bathroom mirror selfie to Instagram on Oct. 3. He is seen smiling and flexing one arm in the photo.
He captioned the post, "My yearly reminder to every Boomer: NEVER let anyone diminish us because of our age."
"I'm 77. More creative, healthier, busier, more curious — and more alive than I was at 40," the actor wrote. "Why? A partner who sees the best in me. Good lovin.'"
Photo credit: OConnor / AFF-USA.com / MEGA

#happy #mega

Welltower and Ventas posted SHOP NOI growth of 20.5% and 16.3%, respectively, as senior occupancy rates climb and new supply starts remain at record lows.
Roughly 2 million people turn 80 in 2026, and Ventas CEO Debra Cafaro says the senior population growth rate will more than double over the next decade.
OHI's 5.68% yield carries real tenant risk: Genesis Healthcare is in Chapter 11 with $148 million in loans outstanding and the CEO is retiring.
Just released. Our **** ysts combed the entire stock market and named the ten best stocks to buy right now, and Welltower didn't make the cut. Enter your email to see the names that beat WELL. The report is free. Enter your email and see if any of your stocks made the cut.
Senior housing and skilled nursing REITs are riding a demographic tide that shows up in the operating data. Roughly two million people will turn 80 in 2026 alone, and Ventas Chair and CEO Debra A. Cafaro told investors that "the leading edge of the nearly 70 million baby boomers has just begun turning 80 this year, ushering in a decade where the growth rate of the senior population more than doubles, yet new starts remain at record lows." Four US-listed equity REITs sit squarely in that trade. Dividend safety leads the **** ysis, so every payout is measured against FFO or AFFO, not GAAP earnings.

#ventas #welltower

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter.
As consumers spend more on goods and services through subscriptions, retail and entertainment categories are attracting a lot of their payments. Those two categories comprised roughly 43% of consumers' overall subscription spending in the past 12 months ending in July, a greater share than 41% in 2025 and 2024, according to a new Bank of America report. Food, fitness and fashion was the next highest category (26%) among the non-utility spending.
The growth in subscription spending by U.S. consumers at 7.7% outpaced the expansion of total card spending for the second consecutive year, also for the 12-month period through July, according to the report issued Wednesday, which is based on the bank's transaction data.
While subscription spending among Gen Xers and Baby Boomers grew modestly during that 12-month period at 3% and 5%, respectively, Gen Z subscription spending surged by about 14%, surpassing that of younger Millennials (about 10%) and older Millennials (nearly 8%), per the report.
While subscription spending on reading and information was the smallest category of spending (7%), per the bank's report, those payments grew the most year-over-year, especially among the Gen Z group.

#spending #daily

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If you've read recent headlines, you're probably convinced everyone beyond the age of 60 is extremely rich. After all, the Washington Post (1) called the baby boomers the "wealthiest generation in history" last year.
From gold-plated pensions to excessively large homes, boomers — apparently — have it all.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold

#moneywise #finance #post #bezos

The 10-year Treasury yield hit a 19-month high Monday morning in a challenge to Treasury Secretary Scott Bessent's effort to ****** ert control over long-term government bond yields. Higher long-term bond yields are generally a negative for stock prices and mortgage rates, and place upward pressure on the surging cost of servicing the federal debt.
Treasury announced on Aug. 19 that it would at least double the size of buybacks of government bonds with durations of 10 years up to 30 years. The announcement stirred a brief easing of yields, with the 10-year yield slipping to 5 basis point to 4.65%. But the 10-year yield touched 4.76% on Monday, the highest since January 2025.
The 30-year Treasury yield, at 5.27%, hasn't yet eclipsed the 5.29% level ahead of Bessent's buyback news. That was the highest 30-year yield level since 2007.
The upward pressure on the 10-year Treasury yield has a number of contributors. A big one seems to be a surge in corporate debt issuance by AI hyperscalers like Google, Amazon and Microsoft. Those technology ****** ans are offering higher rates than Treasury, directing some buying power away from government debt and forcing yields higher. Persistent inflation is another factor and the resumption in U.S.-Iran strikes over the weekend won't help.
Then there's the federal budget deficit, which will come in around 6% of GDP this year, extraordinarily high for a period of solid economic growth. The rising burden of interest costs and the expense of Social Security and Medicare for baby boomers suggests that big deficits may be here to stay.

#yield

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
If you've read recent headlines, you're probably convinced everyone beyond the age of 60 is extremely rich. After all, the Washington Post (1) called the baby boomers the "wealthiest generation in history" last year.
From gold-plated pensions to excessively large homes, boomers — apparently — have it all.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold

#washington #post

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
With roughly $85 trillion in aggregate ******* ets, baby boomers are widely considered to be the wealthiest generation in history, according to the Washington Post (1). But this enormous fortune is far from evenly distributed and millions of boomers are facing a precarious retirement.
In fact, the median net worth for households led by someone between the ages of 65 and 74 was just $409,900, according to Fidelity's ******* ysis (2) of the latest Federal Reserve Survey of Consumer Finances. In other words, nearly half of all boomers are not even halfway to the seven-figure club.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold

#according #washington #reserve

Social Security's 2034 trust fund depletion could slash monthly payments to 78%, making early claiming at 62 a compelling strategy for 1964-born Boomers.
$ARCC yields nearly 10% and $MO has raised dividends 57 consecutive years, both carrying Buy ratings from top Wall Street ****** ysts.
Reinvesting dividends from these 6%+ yielding stocks can more than offset the 30% reduction early Social Security claimants accept versus waiting until 67.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and United Parcel Service didn't make the cut. Grab the names FREE today.
Numerous studies indicate that the Social Security Old-Age and Survivors Insurance (OASI) trust fund is projected to run out of reserves in late 2032; while the program is not expected to go bankrupt or disappear, current taxpayers will still fund a large portion of the payments. Some project that payments could fall to 78% of a recipient's current payment. That means every $1,000 in payments could be cut to $780 if Congress does not intervene. The Social Security Administration says that if combined with the Disability Insurance trust fund, the depletion date is extended to 2034, when 83% of benefits would remain payable. The bottom line is that Congress will likely wait until the bitter end to fix things, as it has in the past.

#trust #early

Empty-nesters now own almost one-third of the country's large homes — the same share they held over a decade before. And while there are plenty of young families looking for a home, baby boomers aren't ready to give up their homes just yet.
While downsizing might seem like it'd be a financial no-brainer — a chance to unlock all the equity they've spent years building and slash your annual property taxes and maintenance costs by moving into a smaller house or condo — Redfin data shows boomers are thinking twice about making a big move.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes

#like #making #jeff #ramsey

Young workers under 30 are "particularly choosy" and "too expectant" when it comes to jobs, Time magazine declared, adding that they eschew "their parents' dedication to work."
While that sounds like Gen Z catching strays once again, Time actually published that commentary back in 1972 about the baby boomers. It illustrates, though, how every generation gets hammered for its work ethic and attitude, which is why it's refreshing to see executives praise the fresh ideas and skillsets of today's young employees.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes

#bezos #dave #ramsey #americans

Aug. 23, 2026 6:56 am ET
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The heirs to one of America’s biggest liquor fortunes are in the middle of an intense family drama. Profits at Brown-Forman are shrinking, and shares in the spirits company have lost 60% of their value over five years. People are drinking less of its flagship Jack Daniel’s whiskey, the CEO is leaving, and a crosstown rival has made a $15 billion hostile takeover bid. Laura Cooper takes us inside the rift among some family members who have controlled the company for more than 150 years.
And bourbon country isn’t the only place where things are getting heated. Tensions are rising in retirement communities thanks to baby boomers smoking more pot. Seniors are among the fastest-growing demographics for marijuana use, and their neighbors are fuming.

#America #people

It's almost a generational rite of passage: older cohorts putting the spending habits of the youngest under the microscope.
Boomers faced backlash for blowing allowances on clothes, cosmetics and records; Gen X caught flack for high credit card use; Millennials are haunted by their insatiable hunger for avocado toast; and Gen Z is sacrificing future savings by spending at Starbucks.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes

#starbucks #dave #ramsey #americans

Empty-nesters now own almost one-third of the country's large homes — the same share they held over a decade before. And while there are plenty of young families looking for a home, baby boomers aren't ready to give up their homes just yet.
While downsizing might seem like it'd be a financial no-brainer — a chance to unlock all the equity they've spent years building and slash your annual property taxes and maintenance costs by moving into a smaller house or condo — Redfin data shows boomers are thinking twice about making a big move.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes

#homes #bezos #dave

More than half of Gen Z adults ages 18 to 29 put money they had intended to invest for retirement into sports betting over the past year, according to a recent survey by the investing and financial advice app Betterment. And quite a few — 14% — said they're doing so several times a month.
"When a prediction market or sportsbook starts to feel like a retirement strategy, we have a problem," Betterment CEO Sarah Levy told Yahoo Finance.
"These products are not designed to help them build toward the next decade of wealth, " she said. "The industry has a responsibility to be clear about the difference between participating in a trend and building lasting wealth."
About 26% of Gen Z investors said they treat sports betting as a "deliberate, ongoing part of their long-term financial strategy," according to the survey. That's compared with roughly 14% of millennials, 6% of Gen X, and 1% of baby boomers.
More than 3 in 10 Gen Z adults said they completely avoid sports betting as an investment strategy. For those who do dabble, about a quarter said they considered it "fun money."

#strategy

A new poll shows that more than a quarter of Gen Z investors see gambling on sports as part of "their long-term financial strategy" — and more than half say they have bet on sports at least once in the last year with money originally set aside for investing.
The online survey of 1,000 U.S. retail investors, which was published Tuesday by the personal finance platform Betterment, underscores a dramatic cultural and generational shift.
Sports betting has become ubiquitous since 2018, the year the Supreme Court struck down a longstanding federal ban on the practice. In 2025 alone, Americans wagered far more on sports — roughly $166 billion — than the U.S. movie, music, book and museum industries generated in revenue combined, according to Fortune. Sports betting now rakes in 42 times more revenue ($17 billion) than it did in 2018 ($400 million), according to some estimates.
Yet no other age group is nearly as likely as Gen Z (born between 1997 and 2007) to view sports gambling as an investment — rather than, say, a form of entertainment.
According to the Betterment survey, just 14% of millennials (born between 1981 and 1996), 6% of Gen Xers (born between 1965 and 1980) and 1% of baby boomers (born between 1946 and 1965) have made sports betting a deliberate, ongoing part of their financial plans — compared with 26% of Gen Zers.

#investors #part

The tax man is coming for ETFs… eventually. This week's ETF Zoo digs into the recent action from the Treasury looking into newer ETF structures that include box spreads and 351 exchanges, what Goldman Sach's acquisition of NEOS says about the broader options income category, and why the struggling consumer matters less and less to markets. ETF.com hosts Dave Nadig, President and Director of Research, and Sumit Roy, Senior ETF ***** yst, are joined this week by Brent Sullivan, Editor of Tax Alpha Insider and Todd Sohn, Chief ETF Strategist at Baird Strategas.
You can also find this episode on our YouTube channel, as well as Spotify and Apple Podcasts.
Goldman Sachs just dropped $2.3 billion on NEOS, its second major ETF acquisition after Innovator, vaulting the bank into the top ten issuers with roughly $130 billion on platform. The Zoo crew believes it's a straight-up bet on retiring boomers hungry for income and downside protection. But the real intrigue is under the hood, where NEOS's covered-call funds lean heavily on return-of-capital distributions (untaxed, tax-efficient income) via 1256 contracts, a structure that's genuinely different from rivals like JEPI/JEPQ. While they're great products, tune in to find out what concerns the crew had.
From there the conversation zooms out to the bigger income-obsession story eating the market. Options income ETFs are going parabolic even as the S&P grinds higher and 30-year Treasury yields sit near multi-decade highs. Todd Sohn's theory: these products are quietly stealing market share from boring old dividend ETFs, especially with younger investors looking to add something more dynamic to their portfolios. Meanwhile, there's something strange happening in the market. Consumer stocks have practically vanished from index influence, with tech (and AI subscriptions) soaking up the wallet share that used to go to staples and discretionary names. Equal-weight and small-/mid-cap stocks are having a surprise moment, potentially riding the AI wave's downstream productivity gains rather than getting crushed by it.
The back half got spicier on taxes: Brent Sullivan previewed a coming reckoning as Treasury scrutinizes aggressive structures, including 351 exchanges, box spreads, dividend-avoidance ETFs. When the cards are on the table, we'll find out who's been bluffing. He expects enforcement to start with the most public, most obviously aggressive cases, though a timeline is anyone's guess. The group also piled on a Bloomberg feature that used Cliff Asness as the poster child for tax-aware long/short strategies, finding a strange scapegoat in Asness and the criticism unnecessarily pointed. Things then close on a cautionary tale of a Market Wizards-famous manager's ETF that's down a brutal 96-97% year-to-date after leaning into short-dated QQQ options. Investors would do well to remember that in this corner of the ETF world, someone's always selling you something.

#etfs #market #neos #brent

Around 26% of Gen Z investors in the U.S. revealed in a recent survey by the American finance platform Betterment that they treat sports betting as a "deliberate, ongoing component" of their wealth plans, Bloomberg reported on Aug. 13.
In comparison, 14% of millennials, 6% of Gen X, and 1% of baby boomers admitted to treating sports betting as a means of wealth creation.
Related: More Americans over 55 hold crypto than under 25, NCA report finds
About 33% of Gen Z respondents said they don't participate in sports betting at all, compared with 63% of investors across the four generations. The online survey gathered responses from 1,000 U.S. retail investors.
The report cited a Northwestern Mutual Planning & Progress study from March as per which housing unaffordability and rising living costs have led to many people flocking to high-risk, speculative trades such as prediction markets, sports betting, and cryptocurrencies to achieve their financial goals quickly.

#survey

Ben Simmons is set to be a full participant without any restrictions at a player-led minicamp for the Australian men's basketball team this week, according to ESPN's Marc J. Spears.
Simmons is an Australian native and is working to make the team for the 2028 Olympics in Los Angeles. He's played for the Boomers twice in his career at the 2013 FIBA Men's Oceania Championships when he was 17, but he missed the next three Olympics.
The private minicamp will start on Monday in Melbourne. Simmons, per the report, paid his own way to attend.
Simmons, who the Philadelphia 76ers selected with the No. 1 overall pick back in 2016, has struggled in recent years. He last played for the Los Angeles Clippers in 2025, but only appeared in 23 total games and was rather unproductive. He then missed all of last season while recovering from various injuries. At one point, Simmons even said he'd play for the 76ers again for free, given the opportunity.
Simmons hasn't played in more than 60 games in a season since the 2018-19 campaign while battling injuries. According to Simmons' godfather David Patrick, who is both an **** istant at Arizona State and for the Australian national team, Simmons has regained his athleticism.

#team #missed

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
For generations, the formula seemed almost laughably simple: get a job, buy a house, raise a family and maybe squeeze in a vacation or two along the way.
Today, that same formula can feel more like a luxury package than a standard life plan.
In a post on Reddit, a 43-year-old man wondered whether people are remembering the so-called "American Dream" through rose-colored glasses or whether something fundamentally changed.
"Did boomers really screw us over, or was the economic situation they grew up in one-in-a-lifetime and unsustainable?" he wrote.

#benzinga

According to research from Fidelity, baby boomers have an average 401(k) balance of $260,300 and an average IRA balance of $286,700. Those averages aren't very high, but, of course, some people have much more invested than others.
So how much is enough? Say, for example, that you have $2 million saved. Can you enjoy a life of freedom and not worry about having to earn a paycheck to cover your bills? Let's take a look at what a retirement nest egg of $2 million can do for you.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
While $2 million may seem like a small fortune, especially for those with limited retirement savings, the reality is that this money can't just be spent. It has to last throughout retirement, and some of its value is likely to be eroded by inflation.
You want to leave enough in your account to ensure that some of your funds will be making money and earning returns. If you drop your account balance, your investments won't have as much opportunity to earn. This puts you at greater risk of running out of money.

#balance

According to research from Fidelity, baby boomers have an average 401(k) balance of $260,300 and an average IRA balance of $286,700. Those averages aren't very high, but, of course, some people have much more invested than others.
So how much is enough? Say, for example, that you have $2 million saved. Can you enjoy a life of freedom and not worry about having to earn a paycheck to cover your bills? Let's take a look at what a retirement nest egg of $2 million can do for you.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
While $2 million may seem like a small fortune, especially for those with limited retirement savings, the reality is that this money can't just be spent. It has to last throughout retirement, and some of its value is likely to be eroded by inflation.
You want to leave enough in your account to ensure that some of your funds will be making money and earning returns. If you drop your account balance, your investments won't have as much opportunity to earn. This puts you at greater risk of running out of money.

#NVIDIA #balance #much #enough

Online, Millennials are declaring open revolt against their aging Boomer parents. In actual households across America, they're already doing the caregiving anyway—unpaid, exhausted, and often broke.
A three-year-old Reddit thread from r/BoomersBeingFools went viral again this month, with millions relating to a poster who wrote: "Not an issue, we refuse to take care of you. Old folks home it will be." The post was originally written in response to a Vox article warning Millennials were unprepared for a coming elder-care crisis, and its resurgence this July coincided with the symbolic milestone of the first Boomers turning 80.
As the Wall Street Journal reported, citing demographer William Frey of the Brookings Institution, roughly 4 million Baby Boomers will hit that age this year, the first wave of a 76 million-strong generation. Commenters piled on with grievances about housing costs, student debt, and a dismantled social safety net, arguing their refusal to provide care is simply "a consequence" of decisions Boomers made.
It reads like generational war. But the data shows something quite different is actually happening in most American homes.
Far from opting out, Millennials are quietly becoming a caregiving generation almost by default. According to a Population Reference Bureau fact sheet, the number of family caregivers ****** isting older adults grew 32% between 2011 and 2022, rising from 18.2 million to 24.1 million, and adult children remain the single largest category of family caregiver in America, at 40.7%.

#boomers #million #America

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Most headlines in recent years tend to paint the same picture: Baby Boomers are fabulously wealthy.
The Washington Post (1) called this cohort "the wealthiest generation" in history, with aggregate ***** ets worth $85 trillion.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold

#wealth #post

For many retirees, selling the family home makes a lot of sense. They don't need three or four bedrooms anymore, or they don't want the hassle of maintaining a large property. Maybe stairs have become impractical. Or maybe they want to relocate in their golden years.
After all, empty-nest baby boomers own 28% of the nation's large homes, according to a report from Redfin.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going

#bezos

The average millennial holds about $83,700 in a 401(k), according to Fidelity.
Contribution rates are climbing, but many millennials are still making up ground lost to early-career setbacks.
Millennials are closing the retirement-savings gap with older generations, but the headline averages mask how far behind many still are.
Fidelity estimates the average millennial has a 401(k) balance of about $82,600. Millennials include those born between 1981 and 1996.
Millennials in Fidelity plans now save about 9% of their pay, and their employers contribute 4.8%. That's within reach of the 15% rate advisors recommend, but still trailing Gen X and Boomers.

#fidelity #many

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
If you're approaching age 60, or passed that milestone a few years ago, the good news is that you're part of the wealthiest generation in history. With combined ***** ets worth $85 trillion, Baby Boomers are the richest age cohort, according to the Washington Post (1).
The bad news is that this colossal pile of money is unevenly distributed.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold

#you 're

The Great Wealth Transfer was supposed to be about baby boomers passing down wealth to Gen X and millennials. Increasingly, though, wealth is moving in the opposite direction.
Adult children are supporting cash-strapped boomer parents, helping them pay off debt and cover living expenses, including the cost of long-term care.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going