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Precious Metals

“Millennials are hoarding more gold than boomers and Gen X-ers as recession risks loom, State Street says”

“…Millennials are the biggest investors in gold, beating baby boomers and Gen X-ers by a big margin, according to a report from State Street, which cites the findings of a survey by SPDR ETFs. “On average, millennials have a higher… Continue Reading…

Stocks

“Millennial bets most of his savings on one of the stock market’s riskiest plays — and he’s about to cash in $1.5 million”

“…  he took most of the cash he managed to save from his day job and put it to work in one of the riskiest corners of the market. He claims he purchased about $100,000 worth of Direxion Daily Financial… Continue Reading…

Economy

“Millennials are about to trigger a major ‘changeover point’ for the US economy, asset manager says”

“U.S. adults aged between 21 and 38 years old will prioritize “necessity spending” over the next decade, Bill Smead told CNBC’s “Squawk Box Europe” on Monday. It comes after a 10-year period in which the same age group has “lived… Continue Reading…

Economy

“Millennials are fleeing big cities for the suburbs”

“Millennials are getting older. And as they enter the next stage of life — marriage, kids, higher salaries —Gen Y is beginning its exodus from busy cities, just like the generations that came before it. Data released by the U.S.… Continue Reading…

Economy, Personal Finance

“It’s Not Just Millennials — Gen Z Is Dealing With A Lot Of Debt Now Too”

“Millennials carry an average of $27,900 in debt, not including mortgages, according to new data released today by Northwestern Mutual. Gen Z, the oldest of whom are now 22 years old, have an average debt of $14,700. Having sizable debt at… Continue Reading…

Economy, Personal Finance

“The Next Recession Will Destroy Millennials”

“…if it happens, when it starts happening—stands to hit this much-maligned generation particularly hard. For adults between the ages of 22 and 38, after all, the last recession never really ended…  As they pitch toward middle age, they are failing… Continue Reading…