Bulletin Today | Money & SavingsYou always want your kids to do better than you financially, but new research suggests their future may not be as fiscally bright. A widening gap is emerging between those over and under the age of 40 when it comes to saving money, owning a home, curbing debt and building a retirement nest egg. Those under age 40 have stagnated while their parents’ generation has accumulated wealth, according to research from the nonprofit Urban Institute. Average household net worth nearly doubled …
News RoundupsTelevision is still the preferred news source for half of Americans, though it may not retain its dominance for long. While about 60 percent of older adults prefer TV news, just 34 percent of 18 to 35-year-olds say it’s their top choice, with 55 percent of this younger cohort preferring Internet news sources. And that’s far from the only generational difference in news preferences and interest. According to a recent Harris Interactive poll, the age groups differ not only in their preferred news sources but in the ways they consume and pay attention to news, as well.
News RoundupsFor the first time in U.S. Census Bureau history, white births are no longer a majority. In the year that ended last July, non-Hispanic whites accounted for just 49.6 percent of American births, while minorities—including Hispanics, blacks, Asians and those of mixed race—accounted for 50.4 percent. The demographic shift is playing out differently across the states; white births remain the majority in many areas. In others, however, there’s a growing gap between the ethnic and racial makeup of older and younger Americans.
News RoundupsThe wealth gap between young and old is wider than ever before, according to the U.S. Census Bureau, with the typical net worth of households headed by someone 65+ at 47 times that of households headed by those under 35. And scientists are increasingly exploring the ways in which diabetes and dementia may be linked