Boomers spent their lives accumulating stuff. Now their kids are stuck with it.

Tech Insider : Economy
A mountain of antique items with a cutout in the shape of a person with their arms on their hips in the center of the pile

Getty Images; iStock; Natalie Ammari/BI

Here's why Gen Z loses more money to online scams than boomers

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Gen Z is losing the most to online scammers.
According to the Better Business Bureau, people aged 18 to 24 reported the highest median losses to online scams last year.

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A boomer from Texas retired in Panama for the low cost of living and lifestyle. She said it feels like 'Christmas every day.'

Tech Insider : Economy, Economy
Photo shows Saundra Lohr in Panama City, Panama.
Saundra Lohr, 68, moved to Panama City to retire in 2021.

Photo courtesy of Saundra Lohr

A third of Americans plan to retire on Social Security alone, but it may not be enough to get by

Tech Insider : Economy, Economy
Retired couple standing on a cruise ship.
About a third of Americans plan to rely on Social Security income during retirement.

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Why a semi-retired baby boomer chose a passion project over a life of leisure: 'There's just an adrenaline rush'

Tech Insider : Economy
This photo shows Trey Fischer and Michael McCaman, the co-founders of Orion Therapeutrics.
Michael McCaman (right) and Trey Fischer, two of four cofounders of Orion Therapeutics.

Courtesy of Michael McCaman

A child-free boomer doesn't regret her choice despite the social pressure. She has financial freedom and can spend the rest of her life giving back.

Tech Insider : Economy, Economy
Photo shows Ann Snyder, 70, a childfree American who lives in Beaverton, Oregon.
Ann Snyder, 70, said she knew she never wanted children. Snyder said the decision gave her financial freedom and more time with her husband.

Courtesy of Ann Snyder

Boomers who want to transfer wealth to their adult kids should make sure their finances can pass a stress test

Tech Insider : Economy
Man taking a photo of woman near the ocean
Financial planners say baby boomers need to make sure they're financially set before passing down wealth.

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Like Biden, many boomers are facing the end of their careers. It brings up feelings of grief and identity loss.

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President Joe Biden standing behind a door.

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Boomer dad, who is 6 months away from retirement, has already started gifting his Gen X and millennial kids their inheritance

Tech Insider : Economy
An older couple enjoying a cup of coffee on their deck overlooking the mountains
More boomers are proactively transferring their wealth to their adult kids.

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Some boomers aren't waiting to die to pass on their wealth — their millennial kids need it now

Tech Insider : Economy
Older couple walks on beach holding ice cream cones
Some boomers are passing on their wealth to their kids as a kind of proactive inheritance.

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