Generation Y
Younger crowd prefers bank investment servicesPosted by RJ and Makay on Feb 29, 2012 |
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Large banks have captured more of the investments of young bank clients as compared to their older and wealthier baby boomer customers, according to a new Aite Group report. The study found that 50% of Generation Y customers at large banks consider their bank to be their primary investment provider. Less than 25% of baby boomers felt the same.
Life insurers’ margins are pressured: Fitch RatingsPosted by RJ and Makay on Sep 13, 2011 |
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U.S. life insurers’ average annualized 2011 operating returns, excluding all realized gains and losses, came in at 1.29% at the end of the first half of 2011, according to Fitch Ratings. This compares to a gain of 1.31% for the full year 2010. The results are in line with 2009 returns, though well below 2008 and prior years’ returns in the 1.50% to 1.80% range.
Young investors are cautious after repeated disappointmentsPosted by RJ and Makay on Aug 10, 2011 |
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Young people may be losing hope that investing can make them wealthy. Many individuals with more than $250,000 in investable assets are worried that they may not be able to save enough to sustain themselves for the rest of their lives, according to a new Merrill Lynch quarterly survey. Survey recipients cited economic weakness, roller coaster markets, rising health care costs and college costs as the main reasons behind their worries.
Bible
