Baby Boomers – Business Insider

Baby Boomers – Business Insider


I’m a Gen Xer who hated working with baby boomers. I love working for millennials because they view work differently.

I now work closely with millennials. The younger generation understands the importance of work-life balance and is more collaborative.

Robert Berkeley, sitting in his dining room, takes a moment to review his finances.

Wills, life insurance, and retirement savings: What older widows wish they knew

Business Insider has heard from older widows and widowers about the financial toll of losing a spouse.

Woman looking out.

With dwindling retirement savings, older Americans are back on the job market

Some older Americans are unretiring because of financial challenges. This story is part of BI’s ongoing series on retirement regrets.

Suburbs

A ‘silver tsunami’ of boomer home sales won’t fix the housing affordability crisis, Zillow says

Zillow argued that an uptick in inventory from a wave of baby boomers selling their homes would mainly affect areas of the US with less demand.

A hand holds several credit cards in front of a big blue dollar sign

‘It is awful’: Gen Z is racking up historic levels of credit card debt

Gen Z is more comfortable with credit cards than any previous generation. But the reliance on debt could come back to bite them.

Logan Ury

A dating expert explains why living apart keeps the spark alive in older relationships

Logan Ury, a dating expert on “The Later Daters,” shared why more older couples are choosing to live apart, together.

An empty savings jar with a label that says

After losing her job, a boomer is ‘walking a tightrope’ between retiring early and searching for work

Andrea, 64, was laid of from her corporate job. If she takes Social Security too early, she’s worried about draining her savings.

Couple looking out for a house.

Baby-boomer homeowners got rich from skyrocketing house prices. Now they can’t find retirement housing.

After building real-estate wealth from high housing prices, boomers are facing a shortage of suitable retirement housing.

home for sale

Home prices may fall 20% as the housing market thaws — and help get baby boomers moving, research legend says

Younger people are struggling to become homeowners partly because older generations aren’t selling, the star researcher Meredith Whitney said.

Baby boomers at the beach

A ‘silver tsunami’ of retirement-age baby boomers is creating a big opportunity for real-estate investors, research firm says

America’s over-65 population is on track to reach 80 million over the next 16 years, according to the US Census Bureau.

Photo illustration of Trump with a social security card.

Trump’s plan for Social Security would help baby boomers in the short term and cut benefits for anyone younger

Trump promised to cut Social Security taxes. Experts say the plan could slash benefits for low-income retirees and younger generations.

Senior couple enjoying a relaxing float in a pool with a downward trending stock line depicted at the bottom of the pool

Baby boomers have a ton of their wealth tied up in stocks and housing. Here’s why that’s a risk to the economy.

Boomers’ net worths could be hit by falling stock and home prices. That’s bad news for the entire economy, a portfolio manager says.

Retirees floating in a social security pool

Retiree spending helped thwart a US recession. But boomers are losing a key financial advantage.

Spending among retired consumers is slowing down amid weaker boosts to Social Security incomes, Bank of America said.

A Baby Boomers hand holding up a stock line

Baby boomers have been America’s secret weapon for fending off recession

The retiring generation is pumping $76 trillion of savings into the economy, helping the US stave off recession, Ed Yardeni, a market veteran, said.

A man having nightmares about finances

Millennials are hoarding cash. That could hurt them in the long run.

By holding on to their money instead of investing, millennials are making a massive financial mistake.

Illustration of pills and money.

Medicare coverage will change in 2025. Some boomers are already struggling to keep up with their medical bills.

The 2025 enrollment period for Medicare opened recently. Some older Americans’ deductibles, prescription drugs, and out-of-pocket costs will go up.

Members of Gen Z sit on computers and tablets.

Gen Z workers say stereotypes are holding them back. It’s a problem for companies too.

Gen Zers missed out on formative experiences that generations before them took for granted. Dismissing them as a result is a big mistake, experts say.

Illustration of a younger employee and older employee holding a puzzle piece together, standing in front of a puzzle piece background

Ageism at work

In the US and many other developed countries, the workforce is getting older. But bias against older and younger workers can still be prevalent.

A mountain of antique items with a cutout in the shape of a person with their arms on their hips in the center of the pile

Boomers spent their lives accumulating stuff. Now their kids are stuck with it.

Baby boomers filled their homes with possessions. Their children are struggling to figure out what to keep — and where to put it all.

An old man dreaming of a young man working

Generation Never-Called-in-Sick

Baby boomers are jealous of Gen Z’s modern attitude toward calling out sick and taking time off of work.

Originally Appeared Here