The number of young millionaires is quickly growing, according to Fidelity Investments. In its ninth “Millionaire Outlook” study, the firm reported that Generation X and Gen Y (millennial) individuals account for 18 percent of millionaires in the U.S., up from 8 percent in 2012. The firm predicts that the generations will surpass baby boomers in terms of holding the most wealth in the country by 2030. ...
Seniors More Interested in ESG Than Millennials Many Environmental, Social and Governance (ESG) investment products are marketed as a way to appeal to millennials, but a survey by Allianz Global Investors found that the products actually appeal more to older investors. Sixty-eight percent of seniors over the age of 65 reported a favorable view of ESG investing, compared to just 59 percent of investors in the 25 to 44-year-old demographic. ... Rock Bank on Financial Literacy Tour The rock 'n' roll band GOODING is on a nationwide tour unlike any other. The band is playing concerts at schools throughout the United States, jamming about savings accounts, credit scores and predatory leading. The band recently played at Miami Senior High School, its latest stop of more than 200 tour dates. ...
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