America May Be Aging, but Millennials Are Taking Over

The median age in the United States has risen from 35.3 years old in 2000 to 37.9 years old in 2016, according to data released Thursday by the U.S. Census Bureau. Baby boomers — Americans born between 1946 and 1964 — are responsible for the increase as boomers began reaching the age of 65 in 2011. As more boomers reach that age, the median will continue to rise.

In terms of sheer numbers, however, the boomers have already lost their dominance, as millennials — Americans between the ages of 18 and 34 — now account for eight of the 10 most common ages.

According to Census Bureau data, there were about 62 million millennials in the U.S. population in 2010 and more than 80 million boomers. In 2015, there were nearly 65 million millennials and about 70 million boomers.

Bill McBride, at the Calculated Risk housing blog, noted that just seven years ago, in 2010, boomers dominated the list of most common ages, with seven of the 10 most common ages. Here’s McBride’s list of the top 10 ages in both 2010 and 2016:

  1. 2010: most common age, 50; 2016: most common age, 25
  2. 2010: most common age, 49; 2016: most common age, 26
  3. 2010: most common age, 20; 2016: most common age, 24
  4. 2010: most common age, 190; 2016: most common age, 23
  5. 2010: most common age, 47; 2016: most common age, 27
  6. 2010: most common age, 46; 2016: most common age, 22
  7. 2010: most common age, 48; 2016: most common age, 55
  8. 2010: most common age, 51; 2016: most common age, 28
  9. 2010: most common age, 18; 2016: most common age, 21
  10. 2010: most common age, 52; 2016: most common age, 55

According to the Census Bureau’s new report, every state experienced either an increase or had the same median age as a year earlier. At 44.6 years, the median age in Maine is the highest in the nation. New Hampshire’s median age of 43.0 years is the next highest, followed by Vermont at 42.7 years. Utah had the lowest median age (30.8 years), followed by Alaska (33.9 years) and the District of Columbia (33.9 years). Two-thirds (66.7%) of the nation’s counties experienced an increase in median age last year. In 2016, two counties had median ages over 60: Sumter, Florida, (67.1 years) and Catron, New Mexico, (60.5 years).

See the Census Bureau website for more data on race and ethnicity changes and other details on the U.S. population.

BSE (Bombay Stock Exchange) – Online Trading System

Gone are the days when you needed a broker to help you buy and sell stocks, shares and make stock market investments. Through online investment you can buy and sell shares with just a few clicks of the mouse. The economic and capital market in India cannot exist without a stock exchange; there are two main stock exchanges where transactions take place; the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). While all the major transactions take place here, there are over 20 different stock exchanges located across the country.

Online trading in India has changed the meaning of trading in the country. With no requirement for a broker, trading has become easier, faster and far more convenient than earlier days. Some of the major financial products and services offered through online trading are mutual funds, equities, general insurance, life insurance, share trading, portfolio management, commodities trading and financial planning. In online trading, the investor has to pay less brokerage as compare to offline trading. There is no need for any paperwork through online investing and the need for a middle man is eliminated. All the stock accounts are stored in a Demat account where they can be viewed.

BSE online trading was established in 1995 and is the first exchange to be set up in Asia. It has the largest number of listed companies in the world and currently has 4937 companies listed on the Exchange with over 7,700 traded instruments.

The only thing that an investor requires for online trading through BSE is an online trading account. The trading can then be done within the trading hours from any location in the world. In fact, BSE has replaced the open cry system with automated trading. Open cry system is a common method of communication between the investors at a stock exchange where they shout and use hand gestures to communicate and transfer information about buy and sell orders. It usually takes place on the ‘pit’ area of the trading floor and involves a lot of face to face interaction. However, with the use of electronic trading systems trading is easier, faster and cheaper; and is less prone to manipulation by market makers and brokers/dealers.

The BSE provides an efficient and transparent market for trading in debt instruments, equity and derivatives. This is performed through a system known as BOLT – BSE’s Online Trading System.

In the stock exchange, a key index is used to keep track of the important or the most traded stocks in the exchange. The indice used at the BSE while trading is the SENSEX and is displayed in all major portals, newspapers and magazines. It is India’s first stock market index that enjoys an iconic stature and is tracked worldwide. It is conducted on a free-float methodology and is sensitive to market sentiments and realities.

There are also indices such as BSE small cap, BSE mid cap and BSE500 to take care of medium and small companies. Furthermore, India index services and Products Limited has indices such as CNX Nifty Junior, S&P CNX Nifty, CNX 100, S&P CNX 500 and CNX Mid cap. The BSE offers 22 indices to suit a multiplicity of needs, inclusive of 12 sectorial indices. For example, the BSE PSU Index tracks the performance of the listed PSY companies and also helps the Central Government to monitor its wealth on the bourses.

The BSE has become a completely ‘corporatised and demutualized stock exchange’ through the use of online exchanges. With partners such as Deutsche Borse (DB) and Singapore Stock Exchange (SGX) it has a global competitive force. BSE has strategic relationships in almost every part of the world- Europe (DB)), Hong Kong (ETF) and Asia (SGX), prominent public sector undertakings such as State Bank of India, Bank of India, Life Insurance Corporation of India and Central Bank of India.

Benefits of BSE trading system in India for share brokers or newbies

There are a number of attractive services to empower investors and facilitate smooth transactions. Some of these include:

1) Investor Services: A range of services are offered to investors. Being the first exchange in the country to provide an amount of INR 1 million towards the investor protection fund, the BSE had launched a nationwide investor awareness program; ‘Safe Investing in the Stock Market’ under which there were 264 programmes which were conducted in over 359 cities in India.

2) BSE has an Online trading BOLT system: the online-Trading system (BOLT) facilitates on-line screen based trading in securities. Currently it operates 25,000 Trader Workstations which are located across 359 cities in the country.

3) The BSE has the world’s first centralized exchange-based Internet trading system – BSEWEBX.com. This system helps the investors anywhere in the world to trade on the BSE platform.

4) The BSE has an online Surveillance system (BOSS) which monitors on a REAL-TIME basis the price movements, the volume positions and members’ positions as well as real time measurement of default risk, generation of cross market alerts and market reconstruction.

5) The BSE has a training institute – known as the Bombay Stock Exchange Training Institute (popularly known as the acronym BTI).The BTI imparts capital market training and certification; in collaboration with a number of reputed management institutes and universities. There are over 40 courses to choose from on different aspects of the capital market and the financial Bombay Stock Exchange market.