Markets gear up as millennials grow up

As millennials, the generation currently in their late 20s and 30s, embrace parenthood, fund managers are betting on companies catering to young families.

Amy Paternite, a real estate agent in Maplewood, New Jersey, is getting used to hearing from clients in their late 20s and early 30s who say they never thought they would leave New York City for the suburbs. Parenthood – or a second baby on the way – has changed their minds.