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.

http://finance.yahoo.com/news/Why-GenY-Might-Be-Too-usnews-702815471.html?x=0

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Global 2011: Heirs to Billionaires

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The fortunes passed down from billionaire parents to their children have allowed businesses to continue under well-known family names long after the principals are gone. Those fortunes have also provided the resources to get a new venture off the ground.

Whether they're passing down a longstanding empire to the next generation or providing the backing for a new investment, the wealth that billionaire parents have handed down has created opportunities that otherwise might not exist.

Here are the children of several high-profile billionaires. While it's uncertain if the parents will pass down all of their riches, some of children have already used their parents' wealth and influence to their advantage.

1. David, Dylan and Andrew Lauren
2. Emma and Georgina Bloomberg
3. Amanda Hearst
4. Paris and Nicky Hilton
5. Donald Jr., Ivanka and Eric Trump

http://finance.yahoo.com/family-home/article/112075/inheriting-a-fortune-heirs-to-billionaries?mod=family-kids_parents

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