Generation Y: The New Depression Generation?

Wednesday, November 24, 2010
By Paul Martin

In college, Matthew Bergh was ahead of the curve, working part-time at a local Starbucks and setting aside a few thousand dollars a year to do what his parents taught him to do — invest
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By Reuters
FinanceTech.com

NEW YORK – In college, Matthew Bergh was ahead of the curve, working part-time at a local Starbucks and setting aside a few thousand dollars a year to do what his parents taught him to do — invest.
In 2008 the markets crashed and the recession interrupted his financial dreams. “As of right now, I can’t invest,” Bergh said. “I’m saving.”
Eighteen- to 30-year olds, known as “Generation Y,” have taken a more conservative approach to managing their money — stashing it in a savings account or under the proverbial mattress.

The Rest…HERE

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