Mandatory Credit: Photo by Nati Harnik/AP/Shutterstock (10227744a)Warren Buffett, Charlie Munger.

Charlie Munger Says It’s Harder for Gen Z and Millennials To Get Rich Nowadays — Is He Right?

Billionaire investor Charlie Munger recently stated that it’s tougher for young people to build wealth today compared to past generations. Find: 11 Things That Rich and Poor People Use Completely DifferentlyLearn: How To Get Cash Back on Your Everyday Purchases As Warren Buffett’s longtime business partner and vice chairman of Berkshire Hathaway, Munger has seen enormous success over his nearly 100-year career. But at the Zoomtopia conference this month, he warned today’s youth face fiercer competition and barriers to getting rich. Munger blamed several economic factors that make it harder to amass a fortune now versus decades ago. But do…

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Are Gen Z and Millennials Destined To Live With Roommates Forever?

National rents reached a new high in the first half of 2022 with a national average of $2,495 a month — a 13.4% increase compared to the same period in 2021. While there is an anticipated cooling period to come from the recent accelerated pace in housing costs, the budget for many renters is currently stretched beyond its affordability limit.  See Our List: 100 Most Influential Money ExpertsRelated: 3 Easy Tips To Turn Your Credit Woes Into Wows Being on a tight budget often means buckling down on overhead expenses, including those surrounding cost of living. Many individuals, including millennials…

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More Gen Zers Are Saving for a House Than an Emergency Fund: Why This Could Hurt Them Long-Term

In these times of economic uncertainty, Americans are seeking security by building their emergency funds — well, a lot of them are, at least. A new GOBankingRates study of more than 1,000 adults found that nearly half the country prioritizes building a healthy savings cushion above all else — but one age group has other ideas. Read More: Money Expert Rachel Cruze Shares 8 Tips To Save Money Every MonthFind Out: How To Get Cash Back on Your Everyday Purchases The youngest adults are pursuing one financial goal above all the others at the expense of saving for unforeseen costs….

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53% of Gen Z Say They’ll Buy a House Within 5 Years — Is This Realistic?

According to a recent survey by GOBankingRates, more than half of Gen Z respondents want to buy a house within the next five years. But is this realistic? I’m a Real Estate Agent: These Will Be the Best States To Buy Property in the Next 5 YearsFind Out: 3 Things You Must Do When Your Savings Reach $50,000 Housing affordability continues to decline with record-high prices and increasing interest rates. Mortgage, insurance and property taxes are getting more expensive each month, and with low inventory across the U.S., first-time homebuyers are struggling to afford a home. Let’s dive into the…

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