|
|
||||
|
Here’s a pretty bogus article from marketwatch that says, “Impatience and financial illiteracy” “Could stunt a good retirement for young adults”. The article is full of broad-based hogwash such as… “Almost half — 47% — of Americans born between 1977 and 1994, also known as Generation Y, are below average when it comes to financial literacy, with [...] A couple of days ago I posted a link to an article entitled, “Here’s A Switch: American’s Who Don’t Spend”. The article talked about the current shift in American spending patterns towards more frugal purchases. Today I was reading some of the user comments below the article and found someone had posted a wise bit of [...] I found this great post on Get Rich Slowly that talks about why everyone should save for retirement. Even though most of us are a long way off from calling it quits the article makes some excellent points on why we should still save/invest. Some of us may even love our current careers so much [...] Since the start of the recession there has been a large jump in the national savings rate. Many are now forgoing luxury purchases and dialing down the conspicuous consumption. The question is… is this a short term reaction to the recession? Or a permanent shift in American culture? What do you think? Here’s a great article [...] |
 |
|||
|
Copyright © 2010 Generation Y Investor - All Rights Reserved |
||||
Is Gen Y's Financial Situation Really That Bad?
SmartMoney published an article today about Gen Y’s financial condition: For young adults, a decade lost?
“A new survey conducted for the AFL-CIO suggests many American workers under 35 can’t manage the basic financial building blocks of an adult life. The union calls the past 10 years a “lost decade” for these young people, during which many fell short [...]