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Carrick on money: Will millennials ruin parents’ retirement dreams?

Working in retirement

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The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Will millennials ruin parents' retirement dreams?
This Wall Street Journal video treats young adults moving home as slackers who are bleeding their parents dry.

Here's my perspective on what Generation Y's financial problems mean to parents. I'll be writing more on this shortly.

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First-time buyers go AWOL
The number of first-time home buyers in the United States is well off previous levels, and that's keeping a lid on housing market growth. Could it happen here in Canada? Maybe if prices keep rising.

This report from CIBC World Markets shows how much better off Gen Y Americans are than their Canadian counterparts in terms of home buying prospects.

Keep it easy, cheap and simple
Index investing gives you all that and, as noted here, it's an approach favoured by both Warren Buffett and Charles Schwab, founder of Charles Schwab & Co.

Things you will never hear a money manager say
Example: "Our fee is a actually a little high."

More money
Join the 45,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters.

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