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Carrick on money: No saving, no laundry, boomerang kids have it 'easy'

Procter & Gamble rose 3.8 per cent after a report suggested that activist hedge fund manager Bill Ackman had taken a position in the giant consumer products company.

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The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Stop talking down to Gen Y

Preaching sacrifice and savings to young adults as the way to financial success is ignorant, this sizzling blog post says. For one thing, they have a right to enjoy their lives. For another, conventional financial advice doesn't fit the reality where today's young people live. Note: Unlike the author of this blog post, I don't dismiss the benefits of young adults trying to save money.

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Should moms do laundry for boomerang kids?

And now for another take on the Gen Y demographic. It's an on-the-money rant over a Tide commercial where a mother complains about doing the laundry for adult triplets who have moved home. Conclusion: Adult kids living at home should look after their own basic needs.

Best lists ever

The New Yorker magazine presents the 100 best lists of all time, including a few related to finance. Something for everyone here – food, wine, music and rules to live by.

So how are you doing?

How to track your investment returns using a spreadsheet.

More money

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Join the 19,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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