iag | blog » teens http://blog.sterniag.com where the weekend starts Mon, 19 Jul 2010 14:41:57 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 The Frugal Generation? http://blog.sterniag.com/2010/01/18/the-frugal-generation/ http://blog.sterniag.com/2010/01/18/the-frugal-generation/#comments Tue, 19 Jan 2010 00:38:55 +0000 Adam Dadson http://blog.sterniag.com/?p=127 Recently, I’ve noticed a new trend that seems to be applying to the generation of the early 90s, or Generation Y/Z (disputes occur regarding the calendar frequently), and this trend focuses on the spending habits of youthful adults. Economists have noticed that we have cut back in general, like during the Great Depression, and this will probably continue throughout our entire lives. The generation from which he have come is known for spending, interestingly enough, and so I wonder if that is why the “Great Recession” hurt them on the level it did. Obviously, savings were not large enough, but did the spending and over-budgeting habits kill the Baby Boomers?

On another note, I’ve observed that a dollar has lasted longer if it is my own money . . . I still spend the money that I receive from my mother rather foolishly (I’m food-minded and Hugo Boss is my life partner), but I know that I’m not the only one who’s truly beginning to appreciate the value of a dollar, in general. As business and economically-minded individuals, an amount of currency holds a sacred status with us, since we want to multiply it, and of course, spend it! I’m approaching my penultimate year, and as I freak out about internships and other rather unimportant concepts, I want to hear your thoughts on this topic. Do you think your spending habits have been changed forever, temporarily, or not at all? Have you started saving or investing wisely?

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