1 Sustainable and Responsible Investment Forum (SIF USA) US at ussif. org/performance.
2 Daniel Gilbert. “Exxon CEO Joins Suit Citing Fracking Concerns.” Wall Street Journal, February 20, 2014.
3 My recounting of SRI will be different from others’, and this little stroll through history will be, well, a bit unique. I want to assure you, it’s neither comprehensive nor a tale my SRI friends will all be pleased with. Such is the interpretation of history. I do, however, want to assure you that those SRI professionals and companies mentioned, or the many I haven’t mentioned, contributed with their hearts and souls one and all; such a dedicated group of people you can only hope to meet in this life time.
4 See Wikipedia: “Socially Responsible Investment;” and, “The Impact of Sustainable and Responsible Investment,” The Sustainable and Responsible Investment Forum, USA, 2014.
5 For some interesting treatment of the effects of psychology on our social and economic outlooks see “A Sideways View: New Stirrings in Business Psychology” at Psychology Today.
6 Gwen Sharp, PhD. “Changing U.S. Racial Demographics.” Sociological Images, May 8, 2013.
7 Studies done by the Pew Charitable Trusts, the American Enterprise Institute, the Brookings Institution, the Heritage Foundation, and the Urban Institute challenged the notion that each generation will be better off than the one that preceded it. For an overview see John Morton and Isabel V. Sawhill, “Economic Mobility: Is the American Dream Alive and Well?” May 25, 2007. Brookings Institute.
8 Derek Thompson. “The Unluckiest Generation: What will become of Millennials?” The Atlantic, April 26, 2013.
9 “MILLENNIALS: A Portrait of Generation Next Confident. Connected. Open to Change.” Pew Research Center, February 2010.
10 Carlo de Bassa Scheresberg.“College-Educated Millennials: An Overview of Their Personal Finances.” TIAA-CREF Institute, 2014.
11 Ibid.
12 Ron Alsop. “The Trophy Kids Grow Up: How the Millennial Generation is Shaking Up the Workplace,” Jossey-Bass, 2008.
13 Kate Lyons. “Generation Y: a guide to a much-maligned demographic.” The Guardian, March 7, 2016.
14 Rob Asghar. “Gen X is from Mars, Gen Y is from Venus: A primer on how to motivate a Millennial.” Forbes, January 1, 2014.
15 Ibid.
16 Kate Lyons. “Generation Y: a guide to a much-maligned demographic.” The Guardian, March 7, 2016.
17 Carlo de Bassa Scheresberg. College-Educated Millennials: An Overview of Their Personal Finances.” TIAA-CREF Institute, 2014.
18 Derek Thompson. “How to Freak Out About Millennials in a Statistically Responsible Manner.” The Atlantic, July 3, 2014.
19 Generation Y. See Value Options at: valueoptions.com/spotlight_YIW/gen_y.htm.
20 Barbara Dafoe Whitehead and David Popenoe. “Sex Without Strings, Relationships Without Ring.” See the National Marriage Project.
21 According to the Urban Institute, cited in “Revealed: The 30-year economic betrayal dragging down Generation Y’s income.” The Guardian, March 7, 2016.
22 Paris Lee. “Millennials Are Idiots.” Vice, June 20, 2014.
23 Brianna Ehley. “Irresponsible Millennials Saving More than Almost Every Other Group.” The Fiscal Times, February 25, 2015.
24 Samanta Sharf. “he Recession Generation: How Millennials are changing Money Management Forever.” Forbes, July 30, 2014.
25 Stephen Koukoulas. “Millennials Should Stop Moaning: They’ve Got More Degrees and Low Rates.” The Guardian, April 04, 2016.
26 Kimberly Palmer. “Why Millennials Still Don’t Save Enough.” US News, June 18, 2014.
27 Terri Friedline. PhD, and Stacia West. “Financial Education Is Not Enough: Millennials May Need Financial Capability for Healthy Financial Behaviors.” AEDI Working Paper, (cited on the FINRA Investor Education Foundation website), 2015.
28 Nathaniel Popper. “Why Millennials are in no hurry to take on debt.” New York Times, August 14, 2016.
29 Caelainn Barr and Shiv Malik. “Revealed:
30 Year Economic Betrayal Dragging Down Generation Y Income.” The Guardian, March 8, 2016. 30 Carlo de Bassa Scheresberg. “College-Educated Millennials: An Overview of Their Personal Finances.” TIAA-CREF Institute, 2014.
31 Sonya Stinson. “What Gen X Can Teach Boomers about finance.” Forbes, March 5, 2014.
32 J. F. Coughlin and Lisa D’Ambrosio. “Seven myths of financial planning and baby boomer retirement.” Journal of Financial Services Marketing, March 7, 2009.
33 Ginita Wall. “Love & Money: 25 Financial Tips for Couples.” Women’s Institute for Financial Education.
34 Brian Stoffel. “The Average American Has This Much Saved in a 401(k) — How Do You Compare?” The Motley Fool, Jan 5, 2015.
35 See the 2017 federal income tax calculator at CalcXML.com. For poverty levels see US Department of Health and Human Services, at aspe. hhs.gov/2015-poverty-guidelines#threshholds.
36 I like the Bloomberg calculator, not just for political purposes either, you can see it at bloomberg.com/personal-finance/calculators/retirement/.
37 Tom Lauricella. “When Should Retirees Downsize Homes?” Wall Street Journal, January 25, 2014.
38 Kate Lyons. “Generation Y: a guide to a much-maligned demographic.” The Guardian, March 7, 2016.
39 Blake Ellis. “Average American inheritance: $177,000.” CNN Money, December 13, 2013.
40 David Weliver. “The 2015 Millennial Money Survey: How much do 20-Somethings Earn and Save?” Money Under 30, May 18, 2015.
41 Greg B. Davies. “Overcoming the cost of being human (or, The pursuit of anxiety-adjusted returns).” Barclays, 2013.
42 Greg B. Davies. “Why Millennials Still Don’t Save Enough.” US News, June 18, 2014.
43 Carlo de Bassa Scheresberg. “College-Educated Millennials: An Overview of Their Personal Finances.” TIAA-CREF Institute, 2014.
44 Samanta Sharf. ”The Recession Generation: How Millennials are changing Money Management Forever.” Forbes, July 30, 2014.
45 Ron Lieber. “Zen and the Art of 401(k) Maintenance.” New York Times, August 5, 2016.
46 This was calculated for the 90 years ending 2015! See David A. Levine. “The Goldilocks Strategy for Prudent Investors.” New York Times, July 1, 2016.
47 Investopedia, Asset Allocation, investopedia.com.
48 Definitions from investopedia.com. Barclays U.S. Aggregate Bond Index data from thebalance.com. Good sites, full of great information!
49 See Smart Asset Allocation Calculator at: www.smartasset.com.
50 See CNN Money, asset allocator tool at money.cnn.com/tools/asset allocwizard/.
51 sec.gov/spotlight/jobs-act.shtml.
52 Adam Gaha. “Inertia and Decision Making: The need to take the first step with someone in order to change their habits.” September 13, 2013, posted at summarizedreading.com/2013/09/inertia-and-decision-making-need-to.html.
53 Lisa Wright. “How to pick a financial advisor.” Toronto Star, March 24, 2017.
54 Lisa Wright. “How to pick a financial advisor.” Toronto Star, March 24, 2017.
55 See Sue Orman’s blog at suzeorman.com.
56 CFP professionals must pass the comprehensive CFP Certification Exam, which tests their ability to apply financial planning knowledge to real-life situations. The exam covers the financial planning process, tax planning, employee benefits and retirement planning, estate planning, investment management and insurance. The average pass rate for this difficult exam is only 55%. This comprehensive exam ensures that CFP professionals are highly qualified to develop a plan for your finances.
57 Brett Carson. “Barely noticeable mutual fund fees could cost you more than $500,000 over a lifetime.” Business Insider, March 17, 2015.
58 “The real cost of Mutual Funds.” Forbes, March 4, 2011.
59 Data from The Balance www.thebalance.com/average-expense-ratios-for-mutual-funds-2466612.
60 See Dow Jones Industrial Index in Wikipedia.