Generation Y

Younger generations grew their wealth much faster than older Americans after the pandemic began, thanks largely to stocks, according to a new study.The total wealth of Americans under 40 surged by 80%, to $9.5 trillion, between the first quarter of 2019 and the third quarter of 2023, according to a study by the New York Federal Reserve. The wealth increase far outpaced that of older generations. Americans between the ages of 40 and 54 saw their wealth increase just 10% over the same period, and those over 55 had wealth…

Momo Productions | Digitalvision | Getty ImagesGrowing up in the age of the internet and technology, online shopping is second nature for Gen Zers.One-third, 32%, of Gen Z consumers shop online at least once a day, according to data from marketing firm Tinuiti.Yet, 80% of Gen Z drivers prefer to shop for a car in person. Only 9% prefer to do so online, according to a recent report by Cars.com, which defines Gen Z adults as those between ages 18 and 28."When we're talking about them finishing a deal in person, it means…

When Lucy Yu was 7 years old, she told her mom she wanted to retire and open a bookstore one day. She'd always loved reading and, as the only child raised primarily by her single mother who immigrated from China, turned to books as a source of comfort.Now, at age 27, Yu is living that retirement dream as her full-time job. In December, she opened Yu and Me Books in Manhattan's Chinatown, New York City's first Asian American woman-owned bookstore that centers works from authors of color, immigrants and people from…