Millennials Continue to Struggle for Success

Part of the promise of the American Dream is that each generation will do better than the last. Has that happened with our adult children, the millennials? Well, “yes and no,” reports the U.S. Census Bureau. Our children are better educated as a generation, yet more are living in poverty and they have lower rates of employment.  “Young Adults, Then and Now,” released last week by the Census Bureau, examines the nation’s current 73 million young adults, 18 to 34 …

Oldest Americans Weathered the Recession Better Than Others

Many Americans are still reeling from the last recession, although the oldest among us weathered the economic decline better than other age groups. That’s according to a recent report by the Census Bureau that looked at how Americans ages 65 and up fared during and after the 2007-2009 recession. These older consumers were somewhat buffered by more conservative investment strategies as well as high homeownership and a resistance to squeezing all equity out of their property by refinancing. It wasn’t …

Boomer Alert: Nation’s 65+ Population to Double by 2050

We’re getting older – in a big way. New Census Bureau reports project that the nation’s 65-and-older population will nearly double in size – hitting a total of nearly 83.7 million – by 2050. By then, more than 1 in 5 Americans will be at least 65 years old. Boomers, who began turning 65 in 2011, are the driving force behind the project shift. The Census Bureau says that the demographic shift is already fueling growth in health-care-related industries and …

Census: Recession Drove Shared Households and Higher Poverty Rates

A new Census Bureau report confirms what every re-feathered nest, caregiving combo, or extended family household knows: Following the recent recession, there were more combined households in 2010 (22 million – 18.7 percent of all households) than there were in 2007 (19.7 million.) And guess what else? Personal poverty rates are higher among the adults who live in these households. The findings validate my favorite refrain: When finances get tough, families come together.  That includes opening our homes, cleaning out …