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Retirement Read Time: 3 min

A Meal for All Generations

A Meal For All Generations. Millennials, Gen Xers, and baby boomers are often portrayed as a trio constantly at economic odds with one another. But how much of this is actually true? There's no denying that these groups are different, but they may have more in common than you might think.Millenials: Born approximately between 1982 and 1996 (1). Driven, civic-minded, inclusive, ambitious (2). Historical Experiences: Columbine, 9/11, the Internet, the Great Recession. Motivations: Responsibility, self-care, experiences, financial well-being. Roughly 83 million millennials in the United States(3). The most diverse generation in U.S. history (4). Forty-five percent of millennials have a retirement account (5). Fun fact: Millennials read 5 books a year on average (6).Generation X: Born approximately between 1965 and 1980 (7). Flexible, casual, analytical, self-reliant. Historical Experiences: The AIDs epidemic, the Fall of the Berlin Wall, the Birth of MTV, the Dot-Com Boom. Motivations: socially conscious, work-life balance, personal growth, learning (8). Roughly 50 million Gen-Xers in the United States (9). Gen Xers make up the highest percentage of startup founders at 55% (10). Gen Xers will outnumber baby boomers by 2028 (11). Fun fact: Only 41 percent of Generation X considers themselves part of Generation X (12).Baby Boomers: Born between 1946 and 1964 (13). Hopeful, focused, hardworking, team-oriented. Historical Experiences: The Vietnam War, Civil Rights Movement, Watergate, The Space Race. Motivations: loyalty, duty, travel, family (14). Roughly 73 million baby boomers in the United States (15). Baby boomer purchasing power is a staggering $2.6 trillion (16). Baby boomers spend nearly $23 billion on their pets on average, per year (17). Fun fact: Baby boomers own nearly $13.5 trillion in personal real estate (18).Sources: 1. Forbes.com, May 1, 2019; 2. PurdueGlobal.edu, 2020; 3. Forbes.com, May 1, 2019; 4. Brookings.edu, May 10, 2019; 5. BusinessInsider.com, November 11, 2019; 6. MentalFloss.com, March 17, 2020; 7. Investopedia.com, June 25, 2019; 8. PurdueGlobal.edu, 2020; 9. Investopedia.com, June 25, 2019; 10. PurdueGlobal.edu, 2020; 11. PurdueGlobal.edu, 2020; 12. Berkeley Economic Review, April 22, 2019; 13. Census.gov, December 10, 2019; 14. PurdueGlobal.edu, 2020; 15. PurdueGlobal.edu, 2020; 16. MSN.com, September 11, 2019; 17. Berkeley Economic Review, April 22, 2019; 18. Berkeley Economic Review, April 22, 2019.
 

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Featured Team Member

Charles T. Woolston

Charles T. Woolston, CPA, MST, is the Co-founder and Chief Executive Officer of Salvus Wealth Management and is also a member of the Management Committee and Investment Strategy Team. Chuck has over 35 years of experience in advising...

Anna Marie Rogers

Anna Marie Rogers, is the Client Relationship Manager of Salvus Wealth Management and is in charge of firmwide daily operations and administrative responsibilities. She has over 20 years of experience in assisting high net worth...

Jeffrey M. Jacobs

Jeffrey M. Jacobs, CPA, Financial Advisor of SalvusWealth Management. Mr. Jacobs graduated from University of Florida in 1984, with a Bachelor of Science degree in Accounting and in 1985 with a Master of Accounting degree with Tax...

Sonja M. Elia

Sonja M. Elia is the Operations Director for Salvus Wealth Management. She is located in the Jacksonville, Florida, office and is responsible for the behind the scenes daily operations and process management for the organization. Sonja...

Robert W. Joel

Robert W. Joel, CFP®, is the Co-founder of Salvus Wealth Management and serves as Chief Investment Officer and Chief Compliance Officer of the firm. He is also a member of the firm’s Management Committee and Investment...

Aimee M. Jensen

Aimee M. Jensen, CPA, MBA,is a Financial Advisor for Salvus Wealth Management. She has over 30 years of experience working with individuals, estates and trusts, and high net worth clients. She provides expertise in tax preparation,...

 

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Salvus Wealth Management, LLC
Office: (732) 542-2629
Office: (904) 674-3353

200 Schulz Dr
Suite 402
Red Bank, NJ 07701

info@salvuswealth.com

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