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☆ India's Reliance launches first in-house premium fashion store
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Sept 29 (Reuters) - Reliance Industries Ltd's (RELI.NS) retail unit launched its first in-house premium fashion and lifestyle store on Thursday, as the billionaire Mukesh Ambani-led company continues to grab a bigger slice of India's luxury market. "The mid-premium fashion segment is one of the fastest growing consumer segments as millennials and the Gen Z are increasingly demanding the latest of international and contemporary Indian fashion," said Akhilesh Prasad, chief executive officer of the fashion and lifestyle arm of Reliance Retail. Register now for FREE unlimited access to Reuters.com RegisterThe company plans to have up to 40 stores across 12 cities over the next nine months, he added. In three years, Azorte will contribute to 15% incremental revenue of Reliance Retail's fashion and lifestyle business, Prasad said at the store launch in Bengaluru. The new store chain is a part of Reliance Industries' aggressive strides in the retail industry, forging partnerships with domestic and global brands.

☆ Opponents of old people dominating the government have an unlikely ally: baby boomers
▼ + stars: | 2022-09-23 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Baby boomers are unlikely advocates for tearing down the country's gerontocracy, new polling indicates. Baby boomers surveyed by Morning Consult/Insider were wildly in favor of instituting congressional term and age limits. A hefty majority of baby boomers polled also said it would be good if more millenials and Gen Xers were in Congress. Baby boomers were enthusiastic about the idea of instituting an age limit for members of Congress, with nearly eight in 10 baby boomers saying they supported the idea. But when asked if they thought Congress was in touch with their needs on the two issues, baby boomers didn't hold back.

☆ Millennials, Gen X, and boomer family members are cohabitating more than ever — and it's helping with their finances
▼ + stars: | 2022-04-07 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

The share of people in the US living in multigenerational households has gone up compared to decades prior. Money is the biggest reason to live in a multigenerational household, a Pew survey found. In the survey, 67% reported "financial issues" as either a major or minor reason they live in a multigenerational household. For many young adults, living with parents or grandparents can be a financial lifesaver. Twenty-nine percent of lower-income US adult respondents living in multigenerational households said this has helped them a lot with their own finances.

☆ Pete Davidson isn't the only one — 52% of young adults are living with their parents, according to a new poll
▼ + stars: | 2020-09-05 | by ( Isabella Jibilian | ) www.businessinsider.com time to read: +2 min

Since the start of the coronavirus pandemic, 52% of young adults are living with their parents, according to a new analysis by Pew Research center. The number is now the highest on record, according to Pew, surpassing the 48% peak recorded during the Great Depression. Even prior to the COVID-19 pandemic, a large portion of 18- to 29-year-olds were living with a parent. A 2016 report said millennial men were more likely to live with a mom or dad than with a significant other. But the coronavirus pandemic has worsened the economic outlook for this generation struggling financially, pushing 2.6 million more young people to move back home.

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