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Millennials: Young adults could become next generation of dominant investors
Leading-edge Millennials now have become young adults in their early 30s. They are starting their careers and families. And there are a lot of them — 76 million. As the Baby Boomers transition from wealth accumulators to wealth distributors, Millennials — those born between 1981 and 2000 — already are being described in financial circles [...]
A national organization that advocates for Millennials in the workforce estimates that unemployment for the age group, roughly between 18 and 29 years ol,d sits at a non-seasonally 10.9 percent. The outlook for black and Hispanic workers in the age range is even more bleak, with unemployment estimated to be 12.5 percent. The group, called [...]
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