GoKawiil
Tech News
Bank of America Institute analyzed credit card transactions through August 2026 and found overall hobby spending up 7.9% year over year, growing faster than transaction volume. Older millennials spend nearly $220 per person monthly on hobbies, more than Gen X and Baby Boomers (both around $200), while Gen Z spends about $100 and younger millennials just over $140.
A Bloomberg report cited by industry sources estimates that as Baby Boomers pass down roughly $93 trillion in assets over the next two decades, U.S. households collectively hold about $750 billion in unappraised gold jewelry. Startup Unvault's 2026 estimate puts the average household's gold jewelry value at $5,700, a figure that excludes silver, platinum, gemstones and designer premiums. The report also notes boomers hold about $1 trillion in art and $570 billion in collectible cars headed for inheritance.
Labor force participation among Americans 65 and older has climbed to 19.2%, up from roughly 12% in 2000, and 42% of sitting CEOs are now 60 or older—an unusually high share, according to executive recruiter Cowen Partners. Companies like Boeing, Verizon and Cracker Barrel have repeatedly brought back older or previously retired executives rather than promoting younger leaders.
A new audio series called 'The AI Therapist' explores the growing use of artificial intelligence tools for mental health support, with a producer sharing key insights on the trend. The coverage also touches on rising cannabis use among baby boomers and research suggesting vacations can benefit physical health.