Monday, May 30, 2016
Surprisingly, baby boomers and their millennial offspring’s strong financial relationship is positively impacting ancient investment strategies. Research suggests that millennials are more likely to follow their instincts and invest at appropriate market timing, an approach that only 11% of baby boomers take.
Millennials are also being considered the conscience of the family, helping to bridge the gaps in family affairs. They are more interested in the family impact than the investments, making sure that family assets are being passed generationally. This valuable financial relationship that allows beneficial communication amongst two generations is assuring to our nation’s financial future.
See Sonia Talati, The Families’ Unlikely Financial Dream Team, Barron’s, May 24, 2016.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.