The Real Reason Millennials Aren’t Buying Homes? They’re Too Expensive

A report from the New York Federal Reserve late last year estimated that the student debt of Americans was about $1.5 trillion, the majority of which is owed by millennials.  That huge number has been a key factor in the choices many millennials have made about their financial lives—including their decisions about housing. The oft-repeated […]

How Millennials’ Wine Preferences Differ From Boomers

Carlo Rossi jugs of wine have always been a hit with boomers but dismissed by millennials. So E. & J. Gallo did something about it. Late in 2017, the world’s largest family-owned winery debuted Carlo Rossi in 750-milliliter bottles–the first time it ever sold the brand in that format–because low-priced bulk wine didn’t resonate with […]

Spring Gift Guide for Graduates and Young Professionals

Summer is coming. So is graduation season. Much like the holidays, it’s a prime time for gifts–and gift guides. But shopping for graduates and young professionals might not be as simple or easy as it might have seemed in years past. Frankly, a fancy pen won’t cut it anymore, especially if countless studies are accurate […]

JPMorgan’s Private Prison Pullback: A Generational Shift, or Low-Risk Lip Service?

The nation’s largest bank grew a conscience last week, and millennials may be to blame. JPMorgan Chase said last Tuesday that it would no longer finance the operations of CoreCivic (formerly the Corrections Corporation of America) and the GEO Group, effectively cutting all ties with the private prison industry. The bank’s financial relationship with private-prison […]

Millennials Face $1 Trillion Debt as Student Loans Pile Up

More than a decade has passed since young Americans faced debt levels this high. Debt among 19 to 29-year-old Americans exceeded $1 trillion at the end of 2018, according to the New York Federal Reserve Consumer Credit Panel. That’s the highest debt exposure for the youngest adult group since late 2007. Debt levels play a […]