People Baby Boomers

  • NEW YORK, May 25- A small but growing number of companies are starting to target Generation Z- the 69 million high school-age kids and younger who will soon outnumber the millennials before them- and they are not just pitching typical teen products such as acne creams and video games. Companies ranging from Macy's Inc to Campbell Soup Co to Charles Schwab Corp are...

  • SAN FRANCISCO, May 23- Los Angeles- based startup HelloTech and rival in-home tech support company Geekatoo on Monday said they had merged, in a sign of consolidation in the hotly competitive on-demand sector. HelloTech, which launched about a year ago, has raised $17 million from investors, while 5- year-old Geekatoo has raised close to $3 million.

  • DETROIT, April 28- U.S. consumers who are under 40 are more open than older people to self-driving cars and their underlying systems, according to a survey released on Thursday by J.D. Power. 'is always the key question, "said Kristin Kolodge, J.D. Power's executive director of driver interaction and human machine interface research. Consumers also balked at the...

  • DETROIT, April 28- U.S. consumers who are under 40 are more open than older people to self-driving cars and their underlying systems, according to a survey released on Thursday by J.D. Power. Consumers also balked at the projected prices on some of the underlying equipment, J.D. Power said. The level of trust in such systems "is directly linked to the level of interest...

  • NEW YORK, April 15- Nearly 70 percent of baby boomers view a gift of money as an expression of love, according to a Merrill Lynch survey released on Friday. While this may sound wonderful, it can complicate estate planning, especially if the generation receiving the inheritance sees things differently. You don't want somebody to feel less loved, " Michael Liersch,...

  • CHICAGO, April 14- Planning for retirement is tough enough- and it gets even tougher when retirement benefits you expect to receive from an employer are changed on short notice. Two-thirds of employers provided retiree health coverage as recently as 1988, according to the Kaiser Family Foundation. Soon-to-be-released data from Aon Hewitt, a consulting firm...

  • CHICAGO, April 6- A friend called recently looking for advice about her 401. Should she roll over her $250,000 nest egg and withdraw some of the funds to help her through the career transition? His proposal would cost her at least $74,000 in fees over the next 20 years, compared with $23,000 in the 401- based on a simple back-of-the-envelope calculation assuming no...

  • Downsizing may not be best for baby boomers in retirement

    Baby boomers should focus on smaller items to save on monthly expenses, according to the director of banking and finance with AARP's Public Policy Institute.

  • Millennial retirement

    Baby boomers and millennials are capping growth in the world’s biggest economy, Standard & Poor’s said on Wednesday.

  • Stocks showdown: Baby boomers vs millennials

    Baby boomer stocks such as Comcast, Carnival Cruise, Constellation brands and Costco, will breakthrough in 2016, says John Augustine, CIO of Huntington Wealth & Investment Management.

  • The start-up behind the app was able to raise $1 million in its first six months and has grown to serve a global user base of 25,000.

  • Are Chinese baby boom predictions overstated?

    Gregg Wafelbakker, GM at Westland Milk Products, thinks China's decision to abandon its one-child policy will not see an immediate baby boom.

  • California Public Employees’ Retirement System headquarters is shown in Sacramento, Calif.

    California Public Employees' Retirement System officials are considering lowering its assumed rate of return following periods of strong performance.

  • Denver Police Officer Robert Southern, right, and his partner Officer Darren Ulrich talk with Virgil McFarland outside the Social Security Administration offices just off the 16th Street Mall in Denver, CO January 30, 2015. McFarland was frustrated because of a problem with his disability check, the officers were able to diffuse the situation.

    The authors of "Get What's Yours: The Secrets to Maxing Out Your Social Security" share the latest Social Security woes they've received from readers.

  • Shoppers at a Kroger supermarket in Peoria, Ill.

    Some of the most recognizable American food and beverage brands have fallen out of favor with U.S. consumers, while smaller brands are gaining favor.

  • Last Will and Testament

    Warren Buffett is leaving his billions to charity, and many boomers are following suit to avoid turning their kids into rich loafers.

  • Woman in office

    A new ILO report finds the gender pay gap may not close for more than 70 years at the current rate.

  • DoubleLine Capital CEO Jeffrey Gundlach speaks at the Bloomberg Markets 50 Summit in New York.

    Home ownership rates in will likely fall to levels last seen in the 1980s as millennials wait longer to form households, DoubleLine's Gundlach said.

  • Scammers posing as distressed grandkids are scamming grandparents into sending them money wires and credit cards. FT reports.

  • Six years after the financial crisis, birth rates haven't bounced back. For the economy, that's bad news.