The Boomer–Millennial Connection for Increased Savings

En español | What do boomers and millennials have in common? As it turns out, much more than you’d think. Last week, millennials from coast to coast were discussing state options to give 55 million workers a simple way to save. Our AARP California office hosted a “Work and Save” Summit at East L.A. College, in partnership with the  Young Invincibles, a national nonprofit, nonpartisan organization that advocates on behalf of 18-34-year-olds. In New York City, AARP teamed up for …

Cities Are Becoming Our Innovation Hubs

You hear a lot about things that are in. Well, today for the first time in years, America’s cities are where it’s at. And an amazing transformation is occurring: Cities are reinventing themselves and becoming innovation hubs. (Pittsburgh, Denver and Austin are just a few examples.) And that doesn’t just mean attracting Silicon Valley startups. Subscribe to the free, award-winning AARP Livable Communities Monthly eNewsletter »  Cities that offer accessible amenities and services that people of all ages want — such …

Investing: Encourage the Kids to Invest in Stocks

Just 26 percent of people under 30 are investing in stocks, according to a survey published by Bankrate.com, a personal finance site. By comparison, 58 percent of adults ages 50 to 64 invest in stocks. Since millennials have a much longer time horizon, stocks are generally more appropriate for them. So this trend is exactly the opposite of what logic would dictate. But it’s not logic that’s at play here — it’s emotion. According to a poll by Goldman Sachs, …

A Millennial Dilemma: Decline or Accept Those Wedding Invitations?

Weddings bloom in summer, and sometimes those festivities blossom all at once for boomer parents and their adult children. The average age for a bride is 29 and for a groom, 31. When the adult children of friends and family hover in that age category, we can expect many invites, sometimes too many for our budget and schedules. The wedding day, ranging from backyard affairs to Las Vegas-style extravaganzas, isn’t the only event. Engagement festivities, showers, and bachelor and bachelorette …

Calm Down: Your Millennial Kids Are All Right

The traditional markers of adulthood usually include employment, financial independence, marriage, a home and children. And many of our millennials are taking their time achieving them, especially compared to their boomer parents. Two writers — one an academic and the other a 20-something — question the accuracy of those touchstones. In his book, The Prime of Life, history professor Steven Mintz points out that Americans started marrying in their early 20s only after World War II. Apparently emerging adults have …

What’s Happened to Thank-You Notes?

The holiday gifts and checks have been sent and received … or have they? When our children were growing up, we hounded them to write thank-you notes. Today, however, notes of appreciation seem to be a lost art. Millennials, in particular, seem oblivious to the rules of etiquette. USA Today dubbed them “awful millennial manners.” Considering that many digital natives see nothing wrong with breaking up via text or emailing a condolence letter, it’s not surprising that thank-you notes rank …