2019-01-03 10:38:00 Thu ET
technology social safety nets education infrastructure health insurance health care medical care medication vaccine social security pension deposit insurance
American parents often worry about money and upward mobility for their children. A recent New York Times survey suggests that nowadays American parents spend more time, effort, and money raising their kids. In recent times Merrill Lynch reports that the average cost of raising a child to 18 years old tops $230,000. The same report also suggests that 79% of American parents continue to provide financial support to their adult children. Costs for food, school, transportation, entertainment, technology, and other activities typically increase as children grow older. Also, 69% of parents admit to feeling pressure and even anxiety to give their children what their peers have.
There is an element of competition, peer pressure, or keeping up with the Joneses that entices parents to spend more money on their children. Economic prosperity motivates these parents to help ensure that their children are financially better off than the previous generations. A recent empirical study by the Federal Reserve Bank of St Louis demonstrates that millennials face unique financial struggles. The financial struggles include higher average unemployment rates, stagnant wages, less affordable residential properties, and student debt imbalances. Millennials are now at risk of becoming a unique lost generation that collectively accumulates less wealth during their lifetime.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-04-20 10:38:00 Friday ET

Allianz chairman Mohamed El-Erian bolsters a new American economic paradigm in lieu of the Washington consensus. The latter dominates the old school of thou
2017-07-25 10:44:00 Tuesday ET

NerdWallet's new simulation suggests that a 25-year-old millennial who earns an inflation-free base salary of $40,456 and saves 15% each year faces a 99
2022-10-25 11:31:00 Tuesday ET

Corporate investment insights from mergers and acquisitions Relative market misvaluation between the bidder and target firms drives most waves of mergers
2017-06-09 06:37:00 Friday ET

To complement President Trump's pro-business economic policies such as low taxation, new infrastructure, greater job creation, and technological in
2019-04-07 13:39:00 Sunday ET

CNBC news anchor Becky Quick interviews Warren Buffett in early-2019. Buffett explains the fact that book value fluctuations are a metric that has lost rele
2018-07-21 13:35:00 Saturday ET

President Trump supports a bipartisan bill or the Foreign Investment Risk Review Modernization Act (FIRRMA), which effectively broadens the jurisdiction of