Despite understanding that emergency funds typically increase with age and wealth, Douglas Boneparth acknowledges Gen Z s lack of savings. However, he emphasizes the importance of not delaying the initiation of an emergency fund for younger generations.
Buy boomers, sell millennials is Bank of America s way to play this market – Hartford Courant courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.
A new trade recommendation is aimed at exploiting the widening generational wealth gap: Go long on old-people stocks. Avoid those whose fortunes ride on cash-strapped millennials