Ian's list

Top picks from the web on money and your life, from ING economist Ian Bright – August 18, 2015

In a hot state

In a hot state

Do people spend differently in hot weather? UK economics professor Geraint Johnes, assessing new UK statistics, worked out that a 1% rise in average temperature can double demand for some products. However, he blogs that if it is simply a shift in spending (from coffee to beer, for example) the effect on the UK economy will probably be small.

Millennial musings

Millennial musings

We’re always hearing how Millennials differ from baby boomers – but are the differences exaggerated? Older people may trust traditional banks and stocks more, and younger generations put more faith in technology – but mostly they invest alike, writes Investopedia’s Justin Kuepper. The top stock for both age groups is Apple, and “the portfolio make-up of both demographics is approximately 80% similar in terms of holdings”, Kuepper says.

Pension procrastination

Pension procrastination

Even economists can struggle to choose the right target date fund, as Sendhil Mullainathan blogs in the New York Times. Research shows these pension-focused funds differ widely in terms of possible returns and risk, even when people retire on the same end date. But although complexity leads to procrastination, you earn nothing if you do not invest at all, he notes.

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Ian Bright
Ian Bright

Senior economist at ING
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