05/23/2014 11:11 am ET Updated May 23, 2014

Why Wall Street Is Courting 'Modern Families'


Baby boomers have always been a self-absorbed lot. But as we age evidence suggests the “me” generation has morphed into a “we” generation, in part through prolific volunteerism and philanthropy. Many have also discovered a new, not entirely selfless cause: launching our Millennial children.

Young people by the millions are being sent into the real world without great job prospects, few safety nets and little practical knowledge about how to make ends meet and save for retirement among other goals. A good many have boomeranged back home, heightening boomers’ collective concerns.

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