Connect with us

LIFESTYLE & CULTURE

How millennials’ financial attitudes, habits differ by gender

Compared to their male counterparts, female millennials generally report being much more risk-averse, skeptical of alternative investments – including cryptocurrencies and peer-to-peer lending – and have, on average, only saved about two-thirds as much money for retirement as their male peers.

Published

on

Photo by James Baldwin from Unsplash.com

As the saying goes, “men are from Mars, women are from Venus.” But when it comes to how each sex approaches their finances, the two groups might as well be from different universes, according to findings from the PNC Investments Millennials & Investing Survey.

Compared to their male counterparts, female millennials generally report being much more risk-averse, skeptical of alternative investments – including cryptocurrencies and peer-to-peer lending – and have, on average, only saved about two-thirds as much money for retirement as their male peers.

When comparing how millennials invest, the study finds men have greater appetites for higher-risk investing avenues. Fourteen percent of millennial men report that they “embrace” risk – double the number of female millennials reporting similar sentiment.

“One of the foundational aspects of any financial plan is to determine your overall risk tolerance, and for members of the younger generation, risk can be healthy,” said Rich Ramassini, CFP, senior vice president and director of strategy and sales performance for PNC Investments. “People’s appetite for risk is often not on par with how much risk they can actually handle. Increasing your financial knowledge can help you determine whether you are taking on the right amount of risk.”

Though parents of female millennials started educating their daughters about saving earlier than parents of male millennials (age 11.6 for females vs. 12.7 for males), more female millennials than male millennials admit they are not as confident in their financial management skills.

READ:  'Cyber affairs' rupturing long-term relationships

According to PNC’s study, male millennials are more likely to rely on themselves and knowledge they attain through media and internet sources. In fact, male millennials are twice as likely as their female cohorts to consume content from recognized national media outlets.

Millennials’ retirement savings habits

Forty-six percent of female millennials contribute 6 or more percent of their income toward retirement, compared to 57% of male millennials, the survey found.

“Millennials now represent the largest portion of the workforce in the country, and most members of the generation have decades to go before they retire. Because millennials have time on their side, they should make investing for retirement a priority early on in their career,” Ramassini said. “One of the best ways to stay ahead of inflation and help set yourself up for a successful retirement is to invest your money in a diversified portfolio designed to achieve long-term goals.”

To that point, the survey also explores the amount each group has in investable assets. Among respondents, 29% of female millennials report having between $1,000 – $9,999 in investable assets, compared to 17% of men. At the same time, 46% of male millennials report having $50,000 or more in investable assets, whereas only 32% of female millennials report the same.

However, only 28% of millennials report having a solid understanding of how to successfully invest their money.

Millennials’ employment rates and confidence levels

Approximately eight out of 10 millennials say they have full-time jobs (83% of men and 78% of women). Though the demographic has a high rate of employment, a relatively small percentage of respondents from both sexes agree they feel in control of their financial well-being (32% of women compared with 43% of men), and even fewer are confident they’re saving enough for the future (26% of women compared with 40% of men).

READ:  Violence against lesbians, bisexual and trans women is violence against women - R-Rights

“It’s critical that both female and male millennials take actionable steps – including making concerted efforts to save for retirement, participating in the markets and building a solid emergency fund – to ensure their future is not in jeopardy,” Ramassini said. “Given the findings of this survey, we encourage millennials to seek assistance from qualified financial advisors who can help make sure they are on the path to securing a strong financial future.”

LIFESTYLE & CULTURE

Art to push the curious to explore

Check out Copenhagen-based artist Spurv, whose erotic art pieces reached/touched others, particularly those “like me (who) have the curiosity to explore, and the people who are afraid to dare.”

Published

on

Sometime in 2015, Copenhagen-based artist Spurv started making erotic art pieces. It was, he said to Outrage Magazine, “somehow my personal journey through sex life where I explore my hidden sides, curiosities, fetishes, desires, limits, et cetera.

And so – in not so many words – Spurv said that without wanting to sound self-centered, he was “inspired by life itself – my life.”

Here’s the thing, though: although his artworks are “my story”, Spurv’s work eventually reached/touched other people, particularly those “like me (who) have the curiosity to explore, and the people who are afraid to dare.”

Spurv uses the old technique of gravure, this time on linoleum to create linocuts (block prints).

Linocut, a printmaking technique that is a variant of woodcut where a sheet of linoleum is used for a relief surface; the design is cut into the linoleum surface with a knife and the raised/uncarved areas represent a reversal/mirror image of the parts to show printed. The linoleum sheet is then inked with a roller, and then impressed onto paper or fabric.

“I chose (this technique) because I find very appealing (in creating) the contrast between this technique and the depicted topic of gay fetish,” Spurv said.

His subjects are actually reminiscent of Tom of Finland, Hal Fischer, Jim Wigler, Rinaldo Hopf and Etienne (among others), adapting the same raw approach to (male-to-male) sex/sexuality. And yes, as he noted, the use of linocut – instead of sketching/drawing/painting/photography – differentiates Spurv’s works.

READ:  Violence against lesbians, bisexual and trans women is violence against women - R-Rights

Obviously, Spurv is cognizant of how – even if erotic art is now very pervasive – it continues to be frowned upon. But not wanting to go deeper into this topic, he said that appreciating this necessitates going deeper to see beyond the superficial perspectives/POVs/analyses.

With art, Spurv said that there is no need to compare oneself with others, particularly since “every artist depicts his own universe in his own way. This is not a competition.”

For up-and-coming artists, “I would always encourage people to know and then express themselves (since being able to) express themselves in an artistic way is a blessing,” Spurv said. So, just like the many males in his artworks, going about discovering their sexuality, “fear is not an option.”

Continue Reading

LIFESTYLE & CULTURE

What’s up, Doc? How to choose the right physician

As your body deteriorates, you need someone with an eagle eye who can spot the signs. And, it might as well be someone you like if you’re going to see them once a week. These are the things to consider.

Published

on

It’s always important to have a crack doctor on your speed dial rather than a quack. The body can do strange things and you need someone to give a second opinion as you don’t have a doctorate in medicine. As you age, it’s as important as ever to make sure the man or woman with the stethoscope is on point. The logic is simple: you’re going to visit them often.

Image from Pixabay.com

As your body deteriorates, you need someone with an eagle eye who can spot the signs. And, it might as well be someone you like if you’re going to see them once a week. These are the things to consider.

Location

Medicine isn’t like real estate, so the location isn’t everything. Yes, it’s easier if the surgery or clinic is a ten-minute drive away for obvious reasons. However, just because it’s a thirty-minute ride into the center of town shouldn’t put you off either. A whopping 60% of patients choose their doc based on location, which is dangerous because it puts health at risk. First and foremost, the physician should be a qualified and skilled practitioner who puts your well being first. After that, then things such as location and cost can come into play.

Cost

Although, let’s not pretend that money isn’t a factor. Healthcare might be free but Medicare in this country covers not everything. For example, dental and prescription drugs are privatized and require an upfront payment. Considering the pill-popping culture in North America, the odds are you’ll need some medication in the future. It’s much better to get some form of care than none whatsoever in this scenario as certain pills are powerful and can improve your quality of life. Always research the prices beforehand to make sure you can afford treatment which isn’t covered by the government.

Patient History

READ:  Organizations around the world failing to safeguard LGBTI* children from abuse

Everyone makes mistakes, but you can’t afford a doctor who does it regularly or makes huge errors. It’s your health and one slip-up might be fatal. That’s why some people seek out a lawyer: to dig a little deeper. A physician’s record won’t be public so you will need to hit the books to find out more. Even though it isn’t comprehensive, it’s always a good idea to use referrals from friends. Because they’re unbiased, their recommendation isn’t tainted. Another option is to check the Web for surgeries with excellent patient histories.

Bedside Manner

You (hopefully) won’t need anything more than a checkup yet it’s still good to take their bedside manner into account. For one thing, going to visit a doctor is a grind because of the stress of the unknown. At least with someone who is warm and can make your life, you won’t feel as much pressure. Plus, hating your doctor is likely to encourage you not to see them when you are ill. You’ll think “oh it’s nothing and I can’t be bothered with X anyway.” Plenty of people have suffered because they didn’t want to bother their practitioner.

In general, it’s all about their level of care whether it’s medical or customer-based.

Continue Reading

Health & Wellness

LGBT adolescents more likely than other kids their age to try to kill themselves

A study found that sexual minority youth were 3.5 times as likely to attempt suicide as their heterosexual peers. Meanwhile, transgender adolescents were 5.87 times more likely, gay and lesbian adolescents were 3.71 times more likely and bisexual youth were 3.69 times more likely than heterosexual peers to attempt suicide.

Published

on

Photo by Javardh from Unsplash.com

LGBT youth have higher risk for suicide attempts.

This is according to “Estimating the Risk of Attempted Suicide Among Sexual Minority Youths: A Systematic Review and Meta-analysis”, a study done by Ester di Giacomo, MD; Micheal Krausz, PhD; Fabrizia Colmegna, MD; Flora Aspesi, MD; and Massimo Clerici, PhD and which was published in JAMA Pediatrics.

For this study, the researchers pooled data from 35 earlier studies to show that sexual minority youth were more than three times as likely to attempt suicide as heterosexual peers. Transsexual youth were at highest risk, nearly six times as likely to attempt suicide as heterosexual peers, researchers reported.

“Adolescents facing ‘non-conventional’ sexual identity are at risk of higher self-threatening behaviors, independent of bullying and other risk factors,” Dr.di Giacomo, the study’s lead author, was quoted as saying by Reuters Health. “I think that a difficulty in self-acceptance and social stigmatization might be keys for understanding such elevation in the risk of self-threatening behaviors.”

This may be because many LGBT youth have trouble accepting who they are because of the way they are seen by others, di Giacomo added.

The study noted that “suicide is the second-leading cause of death among adolescents” and that “sexual minority individuals are at a higher risk of suicide and attempted suicide.”

Thirty-five studies reported in 22 articles that involved a total of 2 ,378,987 heterosexual and 113, 468 sexual minority adolescents (age range: 12-20 years) were included in the analysis. The study found that sexual minority youth were 3.5 times as likely to attempt suicide as their heterosexual peers. Meanwhile, transgender adolescents were 5.87 times more likely, gay and lesbian adolescents were 3.71 times more likely and bisexual youth were 3.69 times more likely than heterosexual peers to attempt suicide.

READ:  #LoveWins as Bermuda Supreme Court overturns same-sex marriage ban

Since the findings suggest that youths with non-heterosexual identity have a significantly higher risk of life-threatening behavior compared with their heterosexual peers, the researchers stressed that “public awareness is important, and a careful evaluation of supportive strategies (e.g. support programs, counseling, and de-stigmatizing efforts)… be part of education and public health planning.”

Continue Reading

LIFESTYLE & CULTURE

Unnatural disasters: Coping with a freak accident

By exploring some freak accidents, it will be showing you what can be done when you’re in this sort of situation.

Published

on

Humankind has been going through a challenging process over the last few decades. As technology reaches a point where advancement can’t carry on in the same direction, the focus is being shifted from things like speed and power to finding ways to keep people safe.

Photo by Jordy Meow from Unsplash.com

Unfortunately, though, with the world still filled with machines from a different era, the normal things you do won’t always be safe. The risks are often minimal, but this makes it even harder to deal with issues when they arise, and this post is here to help. By exploring some freak accidents, it will be showing you what can be done when you’re in this sort of situation.

Electrical Fires

Modern electrical work is performed to a much higher standard than it used to be. As people’s understanding of this area has improved, the way that homes are wired up has come along with it, lowering the risk of issues being caused by this sort of technology by a huge degree. Of course, though, if you live in an older home, you won’t have the benefits of this sort of advancement. Old wiring is much more likely to cause issues like fires than the newer stuff, making it important to stay on top of the situation with upgrades where you can afford it, and protection with fire alarms and insurance where you can’t.

Public Transport Accidents

Trains, planes, and busses have all undergone huge changes over the last few decades. In the past, these machines were designed as simple tools to get people from A to B, with little regard for how safe they were. As time has gone on, a lot of governments have struggled to upgrade this infrastructure, though. This opens the doors for accidents, with plane crashes and train accidents becoming increasingly common as populations grow.

If you are ever in an disaster like this, taking the time to contact Emroch & Kilduff, or a similar legal firm, will be the best course of action. This will give you the tools to get yourself back on your feet, while also raising public awareness surrounding the issue of old transport.

Structural Collapse

When a building or other piece of structural infrastructure collapses, the damage which can be left in its wake can be incredible. These accidents can often be fatal, with people being hurt by a range of factors, and this makes it important to know how to deal with them. As they often go unnoticed, preparation is nearly impossible. Instead, you should be proactive in working to avoid it in the property you own. This can be achieved through regular maintenance, along with proper upkeep of what you have. Along with this, if something happens on public land, you will often have the chance to fight your case in court.

With all of this in mind, it should be easier to see the risks which living in a world built in the past can bring. Not a lot of people think about issues like this during their day to day life, even when a problem is staring them right in the face.

Continue Reading

LIFESTYLE & CULTURE

Tips for modern dating in 2018

Here are some of the best tips to use that will serve you well when you choose to date these days.

Published

on

Photo by freestocks.org from Unsplash.com

The world of dating has changed a lot over the past decade and is almost unrecognizable from how it used to be. In fact, it is fair to suggest that technology has taken over and now has a huge bearing on the world of dating and how we live our lives. It’s fair to say that many people are overwhelmed and intimidated by the world of dating in 2018, but it’s not as scary as you might think.

Yes, there is a lot to take in, but it is also important to understand that there is more opportunity than ever before for exploring the world of dating in a big way. This is an exciting opportunity, and modern dating has opened the door for many more people to be able to enjoy the world of modern dating. Here are some of the best tips to use that will serve you well when you choose to date these days.

Photo by RachelScottYoga from Unsplash.com

Sign up to a Few Sites

There are a lot of different options out there when it comes to the world of online dating in 2018. That is to say, there are a lot of different sites you might consider using. There are free sites, and ones where you pay a membership fee to join, and all of them offer different things. In fact, no matter who you are, or what you are looking for, it is pretty clear that there are options out there for you by way of online dating sites. So whether you are dating with a disability, or looking for religious people, there are sites out there to help you.

Cast Your Net Far and Wide

READ:  Wonder Woman confirmed as queer

You have to make sure you cast your net far and wide, and that you do as much as you can to improve your chances of success. It is important that you understand everything the dating world has to offer, as well as playing the law of averages. You’re going to be going on a lot of dates before you find someone you connect with, so play the odds. Whether you are dating within the LGBTQ community or the heterosexual dating scene, you have to make sure you are casting your net far and wide and making the most of the experience.

Photo by Terry Johnston from Wikimedia Commons

Facebook Stalk

Before you go on a date with someone, you might want to do a bit of homework on them. These days it is so important to make sure you think hard about what a person is like before you go on a date with them, and you want to be sure you are keeping yourself safe. This means a spot of Facebook stalking just to put feelers out, and get an idea of the sort of person you are going to be going on a date with.

Be Yourself

The most important rule to learn about any sort of dating is to simply be yourself. You need to keep in mind the fact that there are a lot of things involved in the dating game. But, as long as you are yourself and you think hard about what sort of person you want to date, you will be fine. Don’t compromise who you are just to fit with what someone else is like – be yourself as much as you possibly can.

As you can see, there are a lot of things to keep in mind when it comes to actually improving your life in a dating sense. You have more opportunities than ever, and this is going to help you make the right decisions in the future. So, it is crucial to think about what is involved in the process of modern dating and seize the opportunity to meet new people.

Continue Reading

Travel

Bill signed to add gender ‘X’ to birth certificates in New York

Beginning January 1 in New York City, non-binary and gender-nonconforming people can choose to change their gender to “X” on official city documents by submitting their own affidavit.

Published

on

Beginning January 1 in New York City, non-binary and gender-nonconforming people can choose to change their gender to “X” on official city documents by submitting their own affidavit.

This comes after New York City Mayor Bill De Blasio signed a new law adding the ability to select a third gender on birth certificates without needing a letter from a health-care provider.

According toDe Blasio, “New Yorkers should be free to tell their government who they are, not the other way around. You be you. Live your truth. And know that New York City will have your back.”

With this development, New York follows the states of California, Washington, New Jersey and Oregon in passing such legislation.

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Facebook

Most Popular