Gen Y Comparison – Who Do You Look More Like?
I’ve recently had a number of conversations about folks my age – the generation Y crowd. The consensus view of many people older than me view my generation as sort of a joke. They say we have a feeling of entitlement, an expectation that things should be given to us. They say when we do something good, that it means we should be taken care of for years as a result rather than moving on to something else. Generation Y is more interested in work/life balance rather than building a career. They say we’re more interested in creative work than actual work. It goes on and on. I can’t say I disagree with them to a large degree.
Here are two fictional Gen-Y’ers that I’ve made up. Take a look at each one and then decide who you look more like:
|Person A||Person B|
|Savings vs Debt||$30,000 in savings||$30,000 in credit card debt|
|How A Wednesday Night Is Spent||Working on a side business / income stream||Watching Modern Family on TV|
|More Interested In…||Finding a new investment||Finding out when the next iPad will come out|
|Car||Drives a used, paid-for car||Drives a new car with a $400 car payment|
|Reading||Lots of books trying to learn new things||Magazines on occasion|
|Employment||Views current job as necessary until becoming entrepreneur||Works a job without any thought of the future|
|Investing||Wants to find more ways to generate a return and invest money||Passively has a 401k plan at best|
|Spending||Strongly considers options before spending a large amount of money, then pays cash||Buys things because the store gives them no interest for 12 months|
- Where will Person A be in ten years? Where will Person B be in ten years?
- Are most Gen-Y people more like Person A or Person B?
- Are you more like Person A or Person B?