Americans fret about how to survive a debt default
NEW YORK, July 27 (Reuters) – Americans are bombarding
their financial advisers with questions about about what to do
if the U.S. government defaults on its debt. Call volumes to
major wealth managers have risen – and a lot of calls are about
whether they will get badly hurt by the events in Washington.
Concerns seem to be escalating as the August 2 deadline
looms for the U.S. government to extend its debt ceiling or
face the prospect of being unable to pay its bills.
How Generation Y spends on luxury
Why pay attention to what the young want to buy? According to a new data analysis on spending patterns from Milo.com, the demographic group known as Gen Y (born between 1977 and 1994) will outspend Baby Boomers by 2017. Right now, they account for 25 percent of the population and plunk down $200 million a year.
So what do they want? Mostly Apple products. And, notably, they despise the Trump brand. (Click on the photo at left to see a full version of the infographic, or click here.)
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