Boomers often view homeownership as a crucial step towards financial stability and wealth building.
Older generations tend to emphasize the importance of maintaining loyalty to a single employer because of the stability it brings.
Boomers tend to have more trust in traditional financial institutions such as banks and stocks.
Though Boomers generally advocate for minimizing debt and living within one’s means, many Millennials are more familiar with high student loan debt and the rising cost of living.
In the past, it was easy to attribute financial success to hard work and perseverance.
Millennials, with concerns about the affordability of retirement and longer life expectancies, may envision a different retirement timeline.
In the past, Boomers often relied on employer-provided health insurance.
Millennials, facing a decline in pension availability and relying more on individual retirement savings, may view pensions as a relic of the past.
Some boomers may advocate for working longer to increase their retirement savings.