In brief: Millennials could be left behind

The millennial generation could have more trouble saving.
The millennial generation could have more trouble saving.
    A startling 50 percent of household wealth worldwide is held by 1 percent of the population, according to a Credit Suisse Research Institute report released this week.

   Overall, global wealth --$280 trillion -- is 27 percent higher than a decade ago, but the report predicts that the millennial generation may be hamstrung as the young workers attempt to build their wealth. 
   The report pointed out that the millennial generation must deal with “tighter mortgage rules, growing house prices, increased income inequality and lower income mobility, which holds back wealth accumulation by young workers and savers in many countries.” On the upside,  there has been an increase in the number of Forbes billionaires under the age of 30.

MATH AT HOME: It’s no surprise that young children involved in counting and math activities at home will do better at math in school. But Purdue University researchers say these children also improve their vocabulary.
    The researchers found that exposure to numbers and math concepts predicted improvement in vocabulary even more than reading stories or other activities aimed at improving literacy, according to a Purdue University news release.
    The research, The home literacy and numeracy environment in preschool: Cross-domain relations of parent-child practices and child outcomes, was led by Amy R. Napoli, doctoral student in the Department of Human Development and Family Studies at Purdue, and David J. Purpura, assistant professor in the department.


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