Raymond Wesley Wealth Management - Irvine, CA
 
Home NavigationMENU
  • Home
  • About 
    • Our Team
    • Our Core Principles
    • Our Approach
    • Our Firm
    • The Advantages of Independence
    • About LPL Financial
  • Services 
    • Our Services
    • Business Succession
    • 401(k) Consulting
  • Resources 
    • Retirement
    • Investment
    • Insurance
    • Estate
    • Tax
    • Money
    • Lifestyle
  • Client Center 
    • Account Statements
    • Financial Planning Portal
    • Guided Wealth Portfolios
  • Contact Us
Retirement Read Time: 3 min

A Meal for All Generations

A Meal For All Generations. Millennials, Gen Xers, and baby boomers are often portrayed as a trio constantly at economic odds with one another. But how much of this is actually true? There's no denying that these groups are different, but they may have more in common than you might think.Millenials: Born approximately between 1982 and 1996 (1). Driven, civic-minded, inclusive, ambitious (2). Historical Experiences: Columbine, 9/11, the Internet, the Great Recession. Motivations: Responsibility, self-care, experiences, financial well-being. Roughly 83 million millennials in the United States(3). The most diverse generation in U.S. history (4). Forty-five percent of millennials have a retirement account (5). Fun fact: Millennials read 5 books a year on average (6).Generation X: Born approximately between 1965 and 1980 (7). Flexible, casual, analytical, self-reliant. Historical Experiences: The AIDs epidemic, the Fall of the Berlin Wall, the Birth of MTV, the Dot-Com Boom. Motivations: socially conscious, work-life balance, personal growth, learning (8). Roughly 50 million Gen-Xers in the United States (9). Gen Xers make up the highest percentage of startup founders at 55% (10). Gen Xers will outnumber baby boomers by 2028 (11). Fun fact: Only 41 percent of Generation X considers themselves part of Generation X (12).Baby Boomers: Born between 1946 and 1964 (13). Hopeful, focused, hardworking, team-oriented. Historical Experiences: The Vietnam War, Civil Rights Movement, Watergate, The Space Race. Motivations: loyalty, duty, travel, family (14). Roughly 73 million baby boomers in the United States (15). Baby boomer purchasing power is a staggering $2.6 trillion (16). Baby boomers spend nearly $23 billion on their pets on average, per year (17). Fun fact: Baby boomers own nearly $13.5 trillion in personal real estate (18).Sources: 1. Forbes.com, May 1, 2019; 2. PurdueGlobal.edu, 2020; 3. Forbes.com, May 1, 2019; 4. Brookings.edu, May 10, 2019; 5. BusinessInsider.com, November 11, 2019; 6. MentalFloss.com, March 17, 2020; 7. Investopedia.com, June 25, 2019; 8. PurdueGlobal.edu, 2020; 9. Investopedia.com, June 25, 2019; 10. PurdueGlobal.edu, 2020; 11. PurdueGlobal.edu, 2020; 12. Berkeley Economic Review, April 22, 2019; 13. Census.gov, December 10, 2019; 14. PurdueGlobal.edu, 2020; 15. PurdueGlobal.edu, 2020; 16. MSN.com, September 11, 2019; 17. Berkeley Economic Review, April 22, 2019; 18. Berkeley Economic Review, April 22, 2019.
Share |
 

Related Content

Social Security: By the Numbers

Social Security: By the Numbers

Here are five facts about Social Security that might surprise you.

Caring for Aging Parents

Caring for Aging Parents

As our nation ages, many Americans are turning their attention to caring for aging parents.

Investment Strategies for Retirement

Investment Strategies for Retirement

Investment tools and strategies that can enable you to pursue your retirement goals.

 

Latest Blog Post

Outlook 2022: Passing the Baton

December 09, 2021

Here Comes One of the Best Days of the Year (and the Best Week and Month)

October 27, 2021

Wednesday, October 27, 2021 The calendar is about to do a lot of favors for the bulls, as late October and early November historically are quite strong. October 28 was the best day of the year, until it fell more than 3% last year, but...

Inflation

May 21, 2021

LPL Market Signals: Inflation, Inflation, Inflation Posted by lplresearch Economic Blog Thursday, May 20, 2021 Inflation was the word of the week. In this week’s LPL Market Signals Podcast, LPL Research’s Ryan Detrick and...

 

Outlook 2022: Passing the Baton

LPL Research Outlook 2022: Passing the Baton delivers market insights on what we can expect in the economy, policy, stocks, and bonds for the rest of 2022.

Click Here to Learn More!

2021 Outlook Video Coming Soon

 

Download Our Brochure

Discover how we can help you effectively pursue your financial goals through our commitment to providing holistic wealth management, personal service and objective guidance.

Click Here to Download!

 

Get Financial News & Updates Delivered to Your Inbox





Thank you!

Error processing your request. Please try again at a later time.

Check the background of your financial professional on FINRA's BrokerCheck.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information.

Copyright 2022 FMG Suite.

Financial consultants of Raymond Wesley Wealth Management are registered representatives with, and securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA / SIPC.

The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states:  AZ, CA, CO, FL, ID, IN, MO, ND, WA.

Contact

Raymond Wesley Wealth Management
Office: (949) 553-8040
Fax: (949) 553-2466

4 Venture
Suite 135
Irvine, CA 92618

graymond@raymondwesley.com

Facebook Twitter LinkedIn

Quick Links

  • Retirement
  • Investment
  • Estate
  • Insurance
  • Tax
  • Money
  • Lifestyle
  • All Articles
  • All Videos
  • All Calculators
  • All Presentations