Stages of the financial life cycle

In my last blog I introduced the economic theory and field of study of life cycle finance, a principal goal of which is to construct a useable framework to help individuals improve their financial decision making to produce better monetary outcomes and maintain the smoothest and highest possible standard of living throughout their lives. Read more

Retirement challenges for Generation X

Americans are living and working longer than ever before. The result is a current workforce comprised of multiple generations each at different points in the career lifecycle working side-by-side. At one end of the spectrum are the Millennials, the first group to come of age in the new millennium, now in their 20s and early 30s and typically in the formative stage of their careers. At the other end are the Baby Boomers now in their 50s and 60s who are planning or have already begun their exit from the workforce. Situated squarely in the middle is the cohort most commonly known as Generation X, the roughly 50 million people born from 1965 through 1980 now in their mid-30s to late-40s and in many cases firmly established in their careers. Read more

The value of financial literacy

At a time when Americans have been forced to assume greater responsibility for securing their financial futures, they face a complex economic landscape in which they must make important decisions including those relating to borrowing, spending, saving and investing. Most lack the knowledge and computational skills to do so successfully. Read more