Wealthy millennials and Gen Z are redefining philanthropy
Wealthy millennials and Gen Zers are redefining the world of charitable giving, seeing themselves more as activists than donors, according to a new study. Wealthy donors under the age of 43 are more likely to volunteer, fundraise and act as mentors for charitable causes rather than just give money, according to a new survey from […]
L.A. wildfire victims face financial anxiety amid recovery: ‘The uncertainty is very unsettling’
Alicia Kalvin awoke the morning of Jan. 7 to an urgent text from a friend: “There’s a fire on your street.” She hurried outside, alarmed to see red skies and low-flying planes dumping water. “I have to get out of here,” thought Kalvin, 53, who lives in the Pacific Palisades of Los Angeles. Back inside, she glanced […]
Mortgage demand drops further, even as interest rates settle
Mortgage rates didn’t move last week, but demand for new home loans continued to weaken. Both homebuyers and current homeowners are hampered by today’s higher interest rates. Total mortgage application volume decreased 2% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate […]