Beth's Feed
Jul 27, 2011

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.

Jul 19, 2011
via Reuters Money

How Generation Y spends on luxury

Photo

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.)

    • About Beth

      "Beth Pinsker is Reuters’ deputy Money editor. She was previously editor of WalletPop.com, the personal finance site owned by AOL. In prior jobs, she was an editor at iVillage, a reporter at Inside.com and a film critic at the Dallas Morning News. She has also maintained a successful freelance career with stories on business news and entertainment appearing in publications including Wired, The Wall Street Journal, The New York Times, Entertainment Weekly, Variety and The Hollywood Reporter. She's tweets at www.twitter.com/bethpinsker."
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