Archive : Generations

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Generation Next of Financial Illiteracy

Generation Next of Financial Illiteracy

Recently I wrote about the general lack of financial literacy and how foolish that gap is in a world where employers and government have turned over the responsibility for safety nets and retirement savings to individuals. Millennials should take note: the younger you are, the greater the chance that less and less will be done on your behalf by government and employers for your financial future.
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The American Dream Revisited

The American Dream Revisited

One of the bedrock beliefs of the American experience is that each generation will surpass the previous one in just about every way: education, earning potential, living standards and even life expectancy. And for generations, even accounting for such economic setbacks as the Great Depression, that has more or less been the case.
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For Hints of the Future Millennials Should Look to the Past

For Hints of the Future Millennials Should Look to the Past

At the end of 2013, the New York Times ran an editorial that did a great job of putting in perspective the plight of Millennials struggling with issues that linger from the Great Recession. The piece explains that the change of the economic system of agricultural to manufacturing and now from manufacturing to knowledge is the key that ties the experiences of Millennials with other generations more closely together.
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Death Comes to the Party

Death Comes to the Party

I’ve posted before about having difficult conversations with loved ones – especially aging parents – about planning for end of life. It’s not an easy conversation to have, let alone start. But not knowing the wishes of your loved ones – including your spouse and children – can have devastating consequences. A lot has been written about the setting for these conversations about end of life and now there’s a new concept: Let’s Have Dinner and talk about Death. The idea came to founder Michael Hebb last year during a train ride to Seattle where he struck up a conversation with two physicians.
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The Generation Flap

The Generation Flap

Baby Boomers and Millennials, 77 million and 80 million respectively (can you believe that Millennials are actually bigger than the biggest generation this planet has ever seen?) are two of the most talked about – and angsted about — generations in, well, forever. Their sheer numbers make whatever they do big news. By the same token whatever they do, or don’t do, causes outsized reactions that seem to vary from frustration to fury. Look away from the conventional wisdom and commonly held assumptions. Both generations (one is parent to the other) are economic drivers, albeit in slightly different directions.
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