Every generation has different needs, attitudes and approaches to living. Life would be very boring without the nuances each generation gives us. Those born from 1982 to 2000 – labelled “Generation Y” – are tagged as being fast learners, practical, enterprising and sociable. On the financial side, they are said to not understand the concept of short-term sacrifice for long-term gain. They want it all, NOW!
“Gen-Yers” have unique financial planning needs. If this is you, or you have children in this age group, here are five tips...