Tuesday, July 27

Millennials

Consumer spending, CPI, Economy, inflation, Markets, Millennials, Travel

All the things that will make your summer vacation more expensive this year

You'll be paying more for airlines, hotel stays, and vehicle rentals this summer. Prices for all have soared during 2021, hitting their highest yet in June. The Consumer Price Index rose 0.9% between May and June, much more than the consensus estimate of 0.5%. See more stories on Insider's business page. Summer vacation is getting expensive.Prices for airlines, hotel stays, food, and car and truck rentals have all soared over the past several months as part of a larger inflation trend amid supply chain issues and an economic reopening. But they all hit new heights in June.Just look at the chart below, which details travel inflation...
Baby Boomers, Digital, Economy, Features, Gen X, gen z, Geriatric Millennial, Markets, Micro-generation, Millennials, Social Media, Technology, Work, Workplace

How to tell if you’re a geriatric millennial

The term "geriatric millennial" divided the Internet this spring in a viral Medium article. The author spoke to Insider about why it both resonated with and offended readers. She also shared the hallmarks of a geriatric millennial and how they straddle the workplace's digital divide. See more stories on Insider's business page. Author and leadership expert Erika Dhawan never expected the term "geriatric millennial" to go viral.A self-identified geriatric millennial (which she defines as elder millennials born in the early 1980s), Dhawan told Insider she first heard the term at brunch with friends and related to it. But when she wro...
Buying A Home, Buying a house, Economy, gen z, Houses, Housing, Housing Affordability, housing boom, Housing Crisis, housing inventory, Markets, Millennials, Real Estate

Over half of young adults plan to use their pandemic savings on buying a home, which could worsen the housing crisis

59% of young adults plan to use their pandemic savings on a down payment for a house, per Zillow. A wealthier group of millennials was able to tuck away discretionary spending as savings last year. They drove the 2020 housing boom, which soon morphed into an inventory crisis. LoadingSomething is loading. ...
Economy, Financial Behavior, Financial habits, Markets, Millennial Wealth, Millennials, Salary, Spending

70% of millennials are living paycheck to paycheck, more than any other generation

70% of millennials say they're living paycheck to paycheck, according to a new survey. Millennials are in a precarious life stage, hitting expensive life milestones but not yet peak earnings. The many economic challenges millennials have faced also make things financially difficult. LoadingSomething is loading. ...
Entretenimiento, gaming, Houseparty, juegos, Millennials, Redes sociales, videollamadas

What is Houseparty? We tell you all about the remote video chat and games app | Digital Trends Spanish

Still don't know what Houseparty is? It is a social network that allows you to connect with games and video calls to families and friends who are separated by distance. As with Zoom, thanks to the COVID-19 pandemic it became one of the most downloaded. The application was created in 2017 to combat «loneliness epidemic»Of the generation of millennial, as the co-founder of the platform, Sima Sistani, described at the time, a phenomenon caused by large social networks, such as Facebook, Instagram or Twitter, mainly oriented to sharing. "The last decade (of social media) was about sharing, the next decade will be about participating," anticipated Sistani. However, Houseparty it was still not dazzling until in 2019 the study Epic games, the person in charge of Fortnite, acquired this plat...
Millennials, Personal Finance, spent, Young Money

This millennial couple rakes in $250,000, but will building a dream home bust their budget?

Article content continuedHaving a child will complicate things. Parmar said it could easily cost between $2,000 and $2,400 per month if we're accounting for not just food, clothes, diapers and toys, but also child care, life insurance bills and RESP contributions.A further decline to $5,000 per month still seems like it would leave the couple with more than enough, right? It is, until you factor in that Tina would be on maternity leave and would only be able to earn a maximum of $54,200. That means that the couple could quickly find themselves in a scenario where they only have between $1,000 and $2,000 to put away each month."It would be tight," said Parmar who added that the couple would also have to do away with vacations, unless you count driving to Banff in a minivan. "They're not ...
Millennials, Personal Finance, spent, Young Money

This millennial is desperate to move to Hamilton, but has been outbid seven times

Article content continuedEven if Marilyn goes as little as $25,000 over the $500,000 she's been pre-approved for, she'd have to pay $51,250 upfront to purchase the home. Orgil then estimates she'd have to pay an additional $9,775 in taxes, fees and moving costs . That leaves little more than $6,200 in the bank.After adding in an estimated $2,251 mortgage bill, $25 mortgage life insurance, $300 in utilities and $535 in property taxes, Orgil estimated that Marilyn could only save a maximum of $1,024 per month if the rest of her spending stays the same. Of that, $500 would go into a fund that she could tap in case the house needs repairs, leaving her with $524 for general savings.If Marilyn's hypothetical $525,000 home appreciates by 3.5 per cent each year for the next 25 years and her TFS...