Millennials

Who Cares? Boomers Don’t Want to Live With Their Adult Kids, Either

Posted on 10/2/2013 by |Caregiving | Comments

CaregivingGuess what Millennials? Your boomer parents aren’t dying to move in with you if they need care in retirement. That’s one of the takeaways of a new study. (With three young adult children, that’s what first caught my eye!) Bankers Life and Casualty Company’s Center for a Secure Retirement surveyed 1,299 Americans ages 49-67 (boomers) with an annual income of $25,000-$75,000 to find out their views on their future as recipients of care. In the study, boomers say that in the past …

Say What? You’re Bringing Mom and Dad to the Job Interview?

Posted on 09/20/2013 by |Money and Work | Comments

Bulletin Today | WorkOk, so maybe some of us baby boomers deserve the “helicopter parents” label for the way we hover over our kids. Still, I can’t imagine accompanying my bearded 20-something son on a job interview. I may be in the minority here because taking Mom and Dad on job searches and to interviews appears to be a weird new trend. According to a 2012 survey of more than 500 college graduates, 8 percent said they had a parent go with them …

$241,080: The Cost to Raise a Kid

Posted on 08/16/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsDear Adult Children, If you don’t appreciate your parents by now, perhaps this will change your mind: Raising a kid today costs $241,080 — and that doesn’t even count spiraling higher education expenses, according to a new government report. (By the way, you’re welcome Bloomberg’s Zara Kessler.) That figure represents an increase from the $219,500 (inflation adjusted) that we boomer parents shelled out to raise your generation (born around 1990), says Mark Lino, an economist who did the calculations for …

11 Things We Didn’t Know Last Week

Posted on 08/7/2013 by |AARP Blog Author | Comments

11 Things | Bulletin TodayNews, discoveries and fun… 1. A $332K test tube hamburger assembled from cow stem cells doesn’t taste all that good. (Learn more at AARP) 2. More than a third of young American adults — a record 21.6 million of them — are living with their parents. (Learn more at AARP) 3. Before being launched into space, the 13-inch robot Kirobo said, “one small step for me, a giant leap for robots.” (Learn more at USA Today) 4. If you’re already bored with snail …

Record 21.6 Million Young Adults Live With Parents

Posted on 08/1/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsPerhaps you thought that by your 50s and 60s you’d be relishing the peace and quiet of an empty nest. You might have been wrong. Boomerang kids are back, along with the kids who never left the nest. A record 21.6 million young adults ages 18 to 31 (36 percent of that age group) lived in their parents’ homes in 2012. That’s the highest share in 40 years, according to a new analysis of Census Bureau data by the Pew …

Boomers Turn the Tables in the Restaurant Industry

Posted on 05/16/2013 by |Who's News | Comments

Bulletin TodayIn the restaurant business, the conventional wisdom used to be that attracting young adults was the surest road to profit, because people invariably tended to dine out less as they got older. But boomers, an iconoclastic generation that’s refuted so many other age stereotypes, are upending the old equation. A recent study by NPD Group shows that visits to commercial food establishments — both restaurants and “snack” establishments such as coffee shops — by customers 65 and older have grown nearly …