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Post by abbey1227 on Aug 25, 2021 9:55:35 GMT
Business Insider
Millennials just don't care about inflation as much as boomers dobwinck@businessinsider.com (Ben Winck) Millennials don't fear inflation like America's baby boomers do, according to a survey by Bankrate.
Three-quarters of boomers said recent price growth hurt their finances, while just 55% of millennials did.
Higher inflation eats into boomers' savings, while millennials have more time to recover, Bankrate said.
Baby boomers are sounding the alarm on inflation, bracing for the fastest price growth since the 1980s and fearing for their life savings.
Millennials aren't as bothered, and most experts are on their side.
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Post by Prometheus on Aug 26, 2021 0:25:47 GMT
When you're young you have plenty time to have a lot of risk in your portfolio. As you age, you move your money towards less risk and the hope of steady growth in blue chips.
Nothing new to see here.
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Post by abbey1227 on Aug 26, 2021 1:33:24 GMT
When you're young you have plenty time to have a lot of risk in your portfolio. As you age, you move your money towards less risk and the hope of steady growth in blue chips. Nothing new to see here.
Churchill had a quote about that, right?
And I say this as a perpetually immature person
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Post by Prometheus on Aug 26, 2021 2:11:44 GMT
When you're young you have plenty time to have a lot of risk in your portfolio. As you age, you move your money towards less risk and the hope of steady growth in blue chips. Nothing new to see here.
Churchill had a quote about that, right?
And I say this as a perpetually immature person
Churchill was speaking ideologically not economically. |
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Post by abbey1227 on Aug 26, 2021 2:15:28 GMT
Churchill had a quote about that, right?
And I say this as a perpetually immature person
Churchill was speaking ideologically not economically.
And you feel the observation or advice isn't similar?
I'm all for higher risk taking and more aggressive actions as a youth......but then as you age, you should plan for and expect to become more cautious as you're not as young as you used to be. This applies to health, as well imo
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Post by Prometheus on Aug 26, 2021 2:28:52 GMT
Churchill was speaking ideologically not economically.
And you feel the observation or advice isn't similar?
I'm all for higher risk taking and more aggressive actions as a youth......but then as you age, you should plan for and expect to become more cautious as you're not as young as you used to be. This applies to health, as well imo
I just wanted to make sure that certain words weren't being taken out of context. |
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Post by abbey1227 on Aug 26, 2021 13:16:17 GMT
And you feel the observation or advice isn't similar?
I'm all for higher risk taking and more aggressive actions as a youth......but then as you age, you should plan for and expect to become more cautious as you're not as young as you used to be. This applies to health, as well imo
I just wanted to make sure that certain words weren't being taken out of context.
I've bumped into quite a few people in the trades in recent years that act shocked they've been forced to slow down/quit....... older guys whose bodies have begun to break down........and again, I wonder what they're thinking? That they're invincible? That they're going to beat the odds and not suffer pain and injuries as they age?
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