baby boomers

Amid inflation, nearly one in three adults receive financial support from their parents

Amid inflation, nearly one in three adults receive financial support from their parents

As the cost of living soars, many adults are turning to a familiar safety net: mom and dad. Nearly a third of millennials and Gen Zers over the age of 18 receive financial support from their parents, according to a new survey from personal finance site Credit Karma. The site surveyed more than 1,000 adults …

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Amid inflation, nearly one in three adults receive financial support from their parents

Amid inflation, nearly one in three adults receive financial support from their parents

As the cost of living soars, many adults are turning to a familiar safety net: mom and dad. Nearly a third of millennials and Gen Zers over the age of 18 receive financial support from their parents, according to a new survey from personal finance site Credit Karma. The site surveyed more than 1,000 adults …

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Why Millennials May Inherit Less Than Expected

Why Millennials May Inherit Less Than Expected

On the eve of the largest generational wealth transfer in history, baby boomers are expected to pass on more than $68 trillion to their children. “This is a generation that has accumulated a greater percentage of wealth than any other generation,” said Mark Mirsberger, CPA and CEO of Dana Investment Advisors, referring to baby boomers. …

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Financial priority for most adults is non-retirement savings, survey finds

Financial priority for most adults is non-retirement savings, survey finds

Israel Sebastian | time | Getty Images There are more pressing financial goals for adults right now than building up their nest egg. For 2022, only 17% have made retirement savings their top financial priority, according to the latest Financial Wellbeing Survey from First National Bank of Omaha. And nearly half of respondents — 46% …

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