You’re having a conversation with your parents about money. You mention your high-yield savings account or your Roth IRA. They look at you with a blank stare and then launch into a lecture about the importance of a company pension and the evils of credit cards. It feels like you’re speaking two different languages.
The Baby Boomer generation grew up in a completely different economic world. Their financial rulebook was written for a game that no longer exists. While their advice comes from a place of love, some of their most cherished beliefs are now outdated and even dangerous. Here are six nostalgic Boomer money habits that need a serious update.
