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ONE IN FIVE millennials say that student loan debt is holding them back from homeownership, according to a new survey. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE

Student loans prevent nearly 20% of millennials from home buying

NEW YORK - About one in five millennials say that student loan debt is holding them back from homeownership, according to a survey commissioned...
A ROUGHLY 20 percent of the decline in homeownership among young adults can be attributed to that increase in student loan debt, according to a new report from the Federal Reserve. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE

Student debt is a driver of low millennial homeownership rates

NEW YORK - American homeownership has been on the decline, and Federal Reserve researchers point to the high cost of college as one culprit.Just...
A 2016 GALLUP survey found that 60 percent of young adults said they were open to other job opportunities, and 55 percent said they didn’t feel engaged at work. / BLOOMBERG FILE PHOTO/MICHAEL OKONIEWSKI

Opinion: Burned-out millennials need careers, not just jobs

NEW YORK - At a time when lots of attention is being paid to inequality, poverty and the travails of the working class, it might...
MILLENNIALS' SPENDING HABITS are a lot like the generations that came before them, they just have less money at this point in their lives, according to a new study by the Federal Reserve. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Fed says millennials are just like their parents. Only poorer.

NEW YORK - Millennials, long presumed to have less interest in the nonstop consumption of goods that underpins the American economy, might not be...

Fidelity survey finds millennials don’t just live for today

PROVIDENCE – A new survey from Fidelity Investments found that millennials – those born from 1981 to 1996 – are seeking balance when it...
HOLDING STEADY: Anthony Maione is retiring from the United Way of Rhode Island on Dec. 31 after 15 years with the nonprofit, and 13 as CEO. He said competing for funds in Rhode Island has always been difficult, but it’s grown even more so with technology and social media providing alternative fundraising methods such as GoFundMe and Kickstarter. However, he said the nonprofit has leveled off in terms of raising revenue, bringing in about $12 million for the past five or six years.
 / PBN FILE PHOTO/RUPERT WHITELEY

UWRI CEO Anthony Maione is retiring after 13 years with ‘no...

(Editor’s note: This is a condensed version of a story that was originally published in the June 15 print edition. The United Way in...

Study: Millennial families want life insurance tailored to them

PROVIDENCE – Burdened by student loans and other concerns, young “millennial” families are buying less life insurance than previous generations, but they are willing...

Americans souring on economy

As Americans become more negative about the state of their society, a number of people have tried to cheer them up by reminding them...

Student loans starting to bite

It’s that time of year, when students prepare to head back to the classroom. For many taking the next step in higher education, the...
SHOPPERS USE SMARTPHONES at the Easton Town Center Mall in Columbus, Ohio.The digitally native GenZ cohort is predicted to change the face of the U.S, economy in the coming years, perhaps no more so than in the retail and cash management arenas. / BLOOMBERG NEWS PHOTO/LUKE SHARRETT

Move over millennials, it’s Gen Z’s turn to kill off industries

NEW YORK – Millennials have been accused of killing so many products and industries – taxis, landlines, snail mail – that it’s become a...
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