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Rob Carrick's Reader: Grandma and grandpa baby boomer to the rescue

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

Grandma and grandpa baby boomer to the rescue

All about how U.S. baby boom grandparents plan to use some of their wealth to spoil their young grown-up grandchildren. An interesting perspective on the generational financial divide between the boomers, who benefited from the post-war economic surge, and today's young adults, who face challenges like high post-secondary education costs, a tight job market, and an expensive housing market.

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No housing crisis for us

An argument in infographic form that housing prices will cool but not crash in Canada.



Learning bond basics

Here's a very good primer on bonds that includes data on bond and stock market returns going back to 1988. You'll also see what portion of bond returns came from interest payments and what portion came from price changes. Bonds rise in prices when interest rates fall, and they fall in price when rates move higher. Looking ahead a year or two, rates will rise.



Reward yourself

A definitive comparison of travel rewards credit cards can be found on the Rewards Canada website. Here's a link to a version of the chart that has been updated to include a new player, Sears Voyage and new information for RBC British Airways.



More money Join the 10,000+ 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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Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, log in and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include: Business Ticker, a summary of the day's top business stories; Berman's Market Update, a summary of the markets at the open, noon and close; and All-Star Investors, a monthly collection of articles exploring an investing trend or theme.

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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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