Tag Archive: debt

Poll: Do You Have at Least 3 Months Income in Savings?

Generation Y doesn’t seem to be saving money.  This could be because of many reasons – cost of living is high, wages are down, unemployment is high, debt is skyrocketing.  Do you, Generation Y, have at least 3 months of income in your savings?  Please only vote if you are from Generation Y to preserve …

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36 Facts About Generation Y in the Workplace and Beyond

More and more attention is starting to be paid to the working and spending habits of the biggest generation since the Baby Boomers: Generation Y.  There are 36 facts in the article at the bottom of the page.  I’ve pulled some of the more interesting bullets out to summarize, but I’d suggest reading the full …

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Generation Y Doesn’t Want Cars

Generation Y is passing on cars compared to previous generations.  There are a number of influencing factors ranging from financial reasons to lifestyle reasons.  There are three main reasons why purchasing an automobile may be placed on the backburner for the echo boomers: Generation Y finds cars expensive.  With the recession delaying the careers of …

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How to Make a Household Budget

It is important for Generation Y to practice good financial responsibility.  Echo boomers were taught that getting an education and a good job would allow us to live comfortably.  However, that American dream is no longer a reality, so its important to be intelligent in your financial decisions. Its really simple to create a quick …

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Graduate with Excellent Credit: 5 Ways to Jump Start your Credit Score

Echo boomers are growing up in a difficult financial time.  Everywhere you turn, there are products and services to check your credit, monitor your credit, fix your credit.  Its for good reason too – your credit score is important.  If you want to buy a car, a house – or even rent an apartment – …

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Gen Y Won’t Fix the Housing Market

The lack of confidence in the US real estate industry is apparent across the entire country.  Even recession proof areas such as Washington DC are experiencing some slowdown.  Some analysts have placed faith on Gen Y, the echo boomers, to be the saving grace of the market. Gen Y has close to 80 million in …

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