Gen Y: Influenced by Parents and Materialism

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That's quite an insightful statement!

Who did that? Individuals in society, or corporations with marketing amplified by electronic technology?

Muser of NM 2:24PM September 22, 2009

That is a good point, I bet we are really influenced by the ages of our parents. In general, Gen Y are people in their late teens to late 20s right now. (at 29, I just barely make the cut.)

Kimberly Palmer of DC 1:40PM September 22, 2009

I'm not sure exactly what constitutes Generation Y. Are there certain years of birth? But then what happens if you have young parents, or not so young parents? Doesn't that also define your socio-cultural outlook? Looking at my friends, I have the youngest bunch of parents. I'm in my mid 20s, and neither parent has hit 50. Whereas most of my friends parents are in their 50s, or early 60s. That must be an impact....somehow. My cousins are all YEARS younger than me, even though there's only an 8 year gap b/w my mom and her youngest brother (and she has 3 brothers, and 3 sisters). My cousins have grown up with access to money and things we never had.

veronica of NH 11:37AM September 22, 2009

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Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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