Millennials

A Father’s Age at Conception Influences a Child’s Social Behavior Later on

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People are having children later in life nowadays. They’re delaying marriage too. Millennials need to gain more education and spend a longer time in the workforce building up their career, in order to afford a wedding and children. So how is this shift affecting the next generation and society as a whole?

Many studies have focused on the impact an older mother has on a child’s development. For a woman, having a child later in life increase the risk of miscarriage, a difficult pregnancy, and the child having a developmental disorder. One plus side though, older women might parent better.

Now, studies are turning towards older fathers. New research has shown that children born of a father over age 35 have a higher risk of autism, schizophrenia, or a birth defect. One study found that children born to dads over age 40 may even risk lower scholastic achievement.

Though slight, over an entire population, the impact could be significant. So much so, that one UK bioethicist has proposed a program to encourage 18 year-old’s to bank their sperm, and have the National Health Service (NHS) pay for it. The results of this study show that if such a plan were enacted, officials might want to wait to collect until the man was a little bit older.

Little girl writing.

Older fatherhood may increase the risk of lower scholastic achievement. Getty Images.

A new study finds that an older father is the single most important factor in a child’s development of prosocial skills. This was independent of the mother’s age. The results of this study were published in the Journal of the American Academy of Child and…

5 Biggest Ways Millennials Risk Their Retirements

If you’re stressing out about whether or not you’re saving enough for retirement, you’re not alone. Millennials are among those struggling the most with this dilemma. According to a 2016 study, 64 percent of working millennials believe they’ll never save a $1 million nest egg.

Why are millennials so worried? Sadly, this age group is prone to making less-than-ideal money moves that could hurt them later in life. Let’s review the five biggest ways in which millennials are risking their retirement. (See also: 4 Things Millennials Should Do Today to Prepare for Retirement)

1. Delaying the start of retirement savings

Nearly four in 10 millennials haven’t started saving for retirement. The same 2016 survey found that 61 percent of females and 50 percent of males belonging to the millennial generation have their finances stretched “too thin” to save for retirement. Even worse, 54 percent of women and 43 percent of men of this generation are living paycheck to paycheck.

However, delaying retirement contributions has a serious impact. If a worker were to deposit just $50 per month into a 401(k) with an 8 percent annual rate of return for 10 years, they would end up with around $9,200 at the end of the 10-year period. The IRS sets a cap on how much you can contribute to a retirement account per year, which for 2017, is $18,000 to a 401(k) and $5,500 to an IRA. If you keep delaying your contributions to your retirement accounts, you’ll never be able to fully make up that gap.

2. Taking out high student loans

Student Loan Hero estimated the average student loan balance for a member of the Class of 2016 at $37,172, up 6 percent from the year before. With so many Americans still believing in the importance of postsecondary education, it’s easy to see how the average student loan continues to climb. Studies have shown that higher education still leads to better earnings potential, after all.

Still, loans are rising too fast. Back in 1993, only 45 percent of college graduates had a student loan and their average balance was $15,000 in inflation-adjusted dollars. By having to pay down a high student loan, millennials are foregoing sizable contributions to their retirement accounts.

Assuming a $30,000 balance on a federal direct…

Traditional sports have an esports problem

Professional sports leagues like the NFL and the NBA are about to face a major challenge called “the march of time.”

Young Americans, or “millennials,” (the generation that was born from the mid-1980s through the early 2000s) are split in terms of their loyalty to traditional sports and competitive video gaming, according to an LEK Consulting survey. While 18 percent are undecided, 40 percent of millennials prefer esports compared to 42 percent who still favor old-fashioned athletics. A variety of factors can explain this parity (such as the rise of smartphones, the free-to-play business model, or Twitch), but whatever the reasons, LEK points out that established sports leagues officially have a millennial problem.

“Though they represent a large and increasingly integral segment of the U.S. sports fan base, millennials bring to the table a unique challenge,” LEK managing directors Alex Evans and Gil Moran write in the survey. “Unlike their Baby Boomer and Gen X predecessors, millennials follow a much broader range of both traditional and alternative sports as adults, and despite having less time on their hands, have a far greater selection of viewing alternatives.”

LEK is measuring interest in sports and esports, but this doesn’t suddenly mean that competitive gaming is as large as the NFL. Pro gaming events will generate $696 million worldwide this year, according to an estimate from industry-intelligence firm Newzoo. That’s a fraction of the billions that the NFL, the NBA, and the MLB make, but esports revenues could catch up quickly as the Millennial generation overtakes older demographic segments as the biggest spenders over the next two decades.

“In terms of both composition and dollars spent, individuals 35 and older continue to dominate the country’s consumer base,”…

Americans Don’t Take Enough Vacation. That May be Changing, Says New Study.

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Americans don’t take enough vacation days.

That may be changing, according to the latest research by Project: Time Off. Their annual survey, conducted by market research firm GfK, found that the average American worker took 16.8 paid days off in 2016–nearly .5 days greater than the year before. The findings came from an online survey of 7,331 American workers who work full-time and are eligible for paid time off.

The trendlines since 2000 have shown Americans taking fewer vacation days each year, so the significant recent uptick serves as a potential indication of a paradigm shift towards a better work-life balance. There may be some catching up to do; the average amount of paid vacation days used by American workers between 1976 and 2000 was 20.3 days per year.

Courtesy of Project: Time Off
Americans Are Taking More Vacation. But is it Enough?

Americans are taking off far less time than other countries. Americans often look at vacation habits in countries like France and Spain with a mix of envy and amusement (both have 36 days/year of mandated paid vacation), but even the United Kingdom has 26 days of mandated paid vacation for full-time employees.

The United States stands out as the only industrialized country not to have mandated paid vacation for full-time employees.

By Guest2625 - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=46909042
By Guest2625 – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=46909042

The vacation policies vary dramatically through the American workplace, along with the work-life balance focus (or lack thereof) within each company. A major distinction that we often overlook is that having paid vacation time is not the same as taking paid vacation. The research by Project: Time Off found that the average American worker left over five days of unused paid time off last year. 25% of the workers surveyed have a “use it or lose it” policy with paid time off (PTO).

Why Would Workers Not Use Vacation Days?

Even though 96% of the Americans surveyed said that using their PTO was important to them, a significant portion do not follow through on that desire. 39% of the workers surveyed said they wanted their boss to view them as a “work martyr.” However, this type of sacrifice may not pay off career-wise. According to study, those that forfeited their PTO were less likely to get…

France’s new president picks a millennial entrepreneur to be country’s digital minister

Emmanuel Macron may be France’s youngest president ever, but at 39 years old he falls just outside the millennial generation.

Not so for his new digital minister, Mounir Mahjoubi, 33.

Mahjoubi was named to the post this week after having served as a digital advisor to Macron’s independent presidential bid over the past year. Born in Paris to parents who emigrated from Morocco, Mahjoubi is a familiar name in French startup circles.

On the entrepreneurial side, he was a cofounder of the company behind La Ruche Qui Dit Oui, a…

Snapchat now lets you share content for as long as you want with Limitless Snaps and Looping Videos

Snapchat, the mobile messaging app that’s popular with millennials, is today unveiling four new creative tools as it looks to broaden its appeal with both existing and new users.

Undoubtedly one of the most intriguing new features rolling out today is what Snap is calling Limitless Snaps, which effectively lets you share photos within chats for an unlimited period of time. Given that Snapchat rose to prominence as an ephemeral messaging app that lets users share photos for no longer than 10 seconds, this is a notable departure for the company.

To set a snap to “limitless,” just hit the infinity icon that now exists within the timer, and it’s good to go. The photo will then be visible on a user’s screen for as long as they want it there, but as soon as they close the snap it vanishes for good.

Above: Limitless Snap: Timer

It’s worth noting here that Snapchat already offers some features that bring an element of permanence to content shared through the app. Text-based chats and voice bubbles between friends, for example, can be saved….

Fyre Festival founder has a history of overpromising ‘elite’ access

  • This photo provided by Jake Strang shows tents and a portable toilet set up for the Fyre Festival.Click ahead to see how Twitter reacted to the disastrous music festival. / Jake Strang

Long before he was forced to apologize for his now notorious Fyre Festival, entrepreneur Billy McFarland founded another company in 2013 called Magnises that made some familiar-sounding promises targeting status-seeking millennials.

For an annual membership fee of about $250, Magnises members could “unlock their cities and take their lives to the next level.” They were assured exclusive tickets to “private members-only concerts, tastings with notable chefs, and exclusive art previews at top galleries,” as well as access to hard-to-book Broadway shows (including “Hamilton”) and events such as New York Fashion Week.

But some of those benefits never materialized or were far from what was advertised, according to a report earlier this year by Business Insider. Several Magnises members in New York reported trips that were canceled at the last minute or tickets to an exclusive event that never arrived.

Over the past three years, the Better Business Bureau has registered 17 complaints about Magnises, ranging from billing issues to problems with delivery. One complainant described spending $430 for tickets to Broadway’s “Hamilton,” only to get a generic email the week before the show saying the tickets were canceled. It would take weeks and a BBB complaint before a refund was issued.

“It has now been a month and a half and I have no refund,” the complainant wrote. “I have emailed numerous times and have oftentimes never … heard back.”

Earlier this year, McFarland, 25, apologized for what he called “growing pains” that had cropped up as a result of Magnises’s rapid expansion from New York to San Francisco and Washington, as well.

“We’ve hit some roadblocks along the way, and that’s what happens when you grow really quickly, and that’s on me,” McFarland told Business Insider.

If Magnises had served as a cautionary tale for McFarland along the way, that didn’t stop him from launching similar subscription-only spinoffs for private chartered air travel (Magnises Air) and sporting events (SportsPass) along the way. And McFarland certainly didn’t seem to apply any of those lessons to Fyre Festival, the “once-in-a-lifetime musical experience” that imploded under the weight of its own hype and disorganization this week.

By now, the epic disaster that was supposed to be the Fyre Festival is legend.

Festivalgoers shelled out anywhere from $450 to $250,000 for the promise of two weekends of live music, luxurious accommodations, gourmet meals and mingling with celebrities on a private island in the Bahamas.

“MORE THAN JUST A MUSIC FESTIVAL,” blared a promotional video for the event, organized by McFarland and the rapper Ja Rule.

In fairness, that part was technically true.

When attendees arrived this week in the Exumas, a group of islands belonging to the Bahamas, they discovered that the luxury accommodations were actually disaster-relief tents on the beach, some still not set up. Cheese sandwiches made up the “gourmet meals,” and festival organizers seemed to be equally in the dark, sometimes literally, about what was supposed to happen. Blink-182, one of the festival’s headliners, had pulled out at the last minute.

Soon, many people were clamoring to get on a flight…

The Millennials’ Mania Over Social Media

millennials and social media
millennials and social media

In 2017, millennials’ inclination to technology is expected to slowly reshape the digital landscape. The way they take back steps to evaluate their social media use, which platforms they should use, and what content they want to have access to can greatly affect the way social media works.

The Millennials’ Take on Facebook

Facebook started out as a social platform for college students. It quickly expanded and became accessible even to the older people. Despite the expansion, millennials continue to be the biggest force in there.

According to a recent survey, 41% of millennials still use Facebook every day. However, a big part of this number also favors Instagram, Youtube, Pinterest and Twitter, just to name a few. One reason for this shift is that millennials are no longer happy using Facebook. Comparison of feeds and activities are no longer exciting for them.

But, despite the statistics, the universality of Facebook still stands out. Millennials who are still using Facebook say that looking for good and interesting articles is one of the reasons why they keep using the platform.

Younger Millennials Favor Disappearing Media

Older millennials have become accustomed to the idea that once something is posted on the internet, it is there to stay forever. And we’re okay with that, even as new technologies claim to make this notion moot.

But, for most younger millennials, the hype of disappearing digital content is just too tempting to ignore. They like the idea that intimate thoughts, daring pictures, and incomprehensible ramblings could disappear forever.

As much as technology and the users are constantly evolving, so is our…

6 Millennial Money Habits Every Retiree Should Learn

When it comes to money matters, Millennials don’t always get a good rap. These young adults are likely to view themselves in good financial health so long as they make the bills at the end of the month, let alone stow a little extra away for retirement. But don’t mistake them as financial illiterates. In fact, there are some common ways Millennials handle their money that could benefit the older generations. (See also: 6 Ways Millennials Have Changed Money So Far)

1. Get Creative

As retirees age, their expenditures fall — but their income drops even faster. Perhaps retirees, who are unlikely to jump back into the traditional workforce due to a suddenly trickling cash flow, can benefit from some Millennial-style money tactics. Indeed, Millennials know how to get creative when it comes to their earnings. The old rules simply didn’t apply to this generation of ’80s and ’90s babies that entered adulthood during the uncertainty of the financial recession. So, they made their own rules. They found their own innovative ways to survive. And now, as they continue to develop a distinctly entrepreneurial spirit, many Millennials are beginning to thrive.

More than any other generation, Millennials have embraced the sharing economy, in which a lawn mower, their car, or a spare bedroom can become a valuable source of revenue. The average Airbnb host earns more than $20,000 a year renting out a full, two-bedroom apartment or house in a major city, and this is exactly the kind of peripheral revenue stream that Millennials have become accustomed to seeking out for themselves.

When it comes to ride-sharing, 21% of Millennials have used user-powered programs like Lyft and Uber to save money while on vacation. Among other age groups, those numbers are much lower — 7% for Gen-Xers and 4% for Baby Boomers. For older retirees, the percentage is presumably even lower. Yet transportation is a significant expense for most retirees, and it’s one that could potentially be lowered through the use of ride-sharing — not only during a vacation, but on a daily basis. Older households spend about $8,000 a year on transportation, ranging from a high of $9,321 for the 55 to 64 age group, to a low of $5,091 for the 75-and-older group, according to federal data.

2. Don’t Buy Stuff, Spend on Experiences Instead

Millennials highly value experiences — concerts, yoga festivals, French lessons, surf lessons, palm readings, trips to Italy — and they…