Gen Y Members Aren't Financial Misfits

April 24, 2009 RSS Feed Print

Despite Generation Y's apparent spending priorities and debt issues, this group is tucking away more money than the nation overall. According to a recent survey from Money Management International, a credit and debt counseling nonprofit, 44 percent of Gen Ys say they're funneling more money into savings (Americans as a whole say they're saving 36 percent more.)

Maybe we shouldn't beat up on Gen Y so much. Case in point: "Characterized by their sense of entitlement, casual clothes, Blackberries and high expectations, Gen Y has presented Generation X and Baby Boomer employers with the problem of managing and retaining them as employees," writes MMI.

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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