Insight Financial Partners, LLC - Lakewood, IL
 
Home NavigationMENU
  • Home
  • About Us 
    • Our Team
    • Insight Financial Partners: At a Glance
    • What Differentiates Us From The Rest
    • What Do Employer Plan-Focused Advisors Believe?
    • Our Value Proposition: Working With Our Team
    • What it means to be CEFEX certified
    • Weekly Market Commentary
    • About LPL Financial
    • LPL Research
    • Fiduciary Focus
    • Relationship with LPL
  • Our Services 
    • What We Offer
    • Bringing You Best In Class Solutions
  • CEFEX
  • Resources 
    • Retirement
    • Pooled Employer Plan
    • Guided Wealth Portfolio
    • Tools
    • Glossary
    • Tax Resources
  • Press Releases
  • Contact
  • Client Login
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.
 

Related Content

Self-Employed Retirement Plans

Self-Employed Retirement Plans

Estimate the maximum contribution amount for a Self-Employed 401(k), SIMPLE IRA, or SEP.

What You Need to Know About Social Security

What You Need to Know About Social Security

Every so often, you’ll hear about Social Security benefits running out. But is there truth to the fears, or is it all hype?

Social Security: Five Facts You Need to Know

Social Security: Five Facts You Need to Know

Here are five facts about Social Security that are important to keep in mind.

 

Get Financial News & Updates Delivered to Your Inbox





Thank you!

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

 

Contact

Office: 312.897.3650
Toll-Free: 844.IFP.401k
Mobile: 847.867.9271

MikeSmith@InsightFPLLC.com

Facebook Twitter LinkedIn

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 2023 FMG Suite.

Securities are offered through LPL Financial,  Member FINRA & SIPC.  Investment advisory services offered through Insight Financial Partners, LLC, a registered investment advisor.  Insight Financial Partners, LLC and LPL Financial are separate, non-affiliated entities.

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: CT, IL, IN, OK, WA, WI.

Insight Financial Partners, LLC has attained Investment Advisor Certification from the Centre for Fiduciary Excellence (CEFEX) for Investment advisory and investment manager services.

                    

Contact

Insight Financial Partners, LLC
Office: 312.897.3650
Toll-Free: 844.IFP.401k
Mobile: 847.867.9271

454 W. Virginia Street
Suite 3
Crystal Lake, IL 60014

Securities Licenses/Registrations 7, 9, 10, 24, 66

MikeSmith@InsightFPLLC.com

Facebook Twitter LinkedIn

Quick Links

  • Retirement
  • All Articles
  • All Videos
  • All Calculators
  • All Presentations