When Investing, Millennials Care More Than Previous Generations

Millennials are savvy investors who care about the planet and social justice. Previous generations have treated their investments as risky and didn’t care about the environment or other important issues. Some financial advisors are shocked to find out that not only are young investors interested in creating a better world, but that they are risk-adverse due to the economic disasters previous generations created.

The financial advisers at British firm deVere Group recently surveyed baby boomer, Generation X and millennial investors to get a sense of their priorities. The group discovered that while all three were scared away from risk by the recent financial crisis, millennials want more out of their investments than just an unending stream of payouts. Social responsibility matters, and that may not be millennials’ youthful ideals talking.

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No Strings Attached: Giving Cash to Poor People

GiveDirectly is a charity that just gives money to poor people in Kenya. There isn’t anything complicated about the idea: it’s just straight up handing out cash with no deliverables. The NPR recently investigated the operation.

Planet Money reporters David Kestenbaum and Jacob Goldstein went to Kenya to see the work of a charity called GiveDirectly in action. Instead of funding schools or wells or livestock, GiveDirectly has decided to just give money directly to the poor people who need it, and let them decide how to spend it. David and Jacob explain whether this method of charity works, and why some people think it’s a terrible idea. (28 minutes)

Listen to it here.

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Time + Money ≠ Happiness

Trying to make a decision about your life and how to spend the time you have? Well don’t thinking about spending time, in fact don’t let the idea of money- as-time factor into your decision at all.

Professor DeVoe and PhD student Julian House based their conclusions on three experiments. In each, a sub-group of participants was primed, through survey questions, to think about their time in terms of money. This group subsequently showed greater impatience and lower satisfaction during leisure activities introduced during the experiments. However, they also reported more enjoyment and less impatience when they were paid during one of those activities, which was listening to music.

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Canadians Like the Occupy Movement

Even the right-leaning Canadian press can’t disagree that the Occupy Movement is a positive thing in and of itself. A new poll reveals that almost 60% of Canadians view the movement in a positive light, while some others tend to have problems because it is “leaderless”.

It’s great to see Canadians (who have not suffered as much as their neighbours to the south) talking about the concerns that the Occupy Movement has brought up. Issues like subsidies to big oil, the problems with current financial markets, joblessness, and even democratic accountability are all being discussed in the mainstream media.

Without the Occupy Movement these issues would in all likely hood not have been brought up. You should go to your locally occupied park and see what you can do to help.

Can’t get to a local occupy camp? Here’s what you can do online.

From the Globe and Mail:

Occupy activists have pitched tents in at least eight Canadian cities, building on a protest movement that started in New York’s financial district nearly two months ago. Participants have no official demands, but are advocating for a variety of social justice and economic issues, including nationalizing Canadian banks, closing tax loopholes for the wealthy and increasing the minimum wage. Most say they are frustrated that a small number of people control most of the world’s wealth.

“For many Canadians, they might not necessarily agree with those views, but they think that they are valid. Those are legitimate concerns that are being raised about our democratic and financial system,” Mr. Nanos said.

The most significant demographic that views the Occupy movement favourably is people who are between 18 and 29 years of age, the poll found, which may be reflective of a tough job market for new workers. Nearly 73 per cent of people under 30 said they have a favourable or somewhat favourable impression of the protests.

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Still don’t know how to help? Here’s 10 simple ways to help the Occupy Movement.

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