Wednesday, March 2, 2011

Global 2011: Why GenY Might Be Too Frugal

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Drawing on research from the MacArthur Research Network on Transitions to Adulthood and Public Policy and 500 interviews with 20-somethings, Settersten and Ray reveal what is different about young adulthood today--and what to do about it. Among their key findings:

GenY has done battle with the economy.
They are closer to their parents than ever.
They might be too afraid of debt.
That frugality could last a lifetime.
Job-shopping is different from job-hopping.
Parents can help their 20-somethings by treating them like adults.

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