Quote:
Originally Posted by Ozy_Flame
Glad you defined it as a 'classic' example, because hardly any Generation Y or Z'er is going to stay with the same company for 30 years. Therefore, constantly changing jobs / companies is going to require younger workers to maintain their own sources of savings, such as RRSP's, and will less likely 'max out' the benefits plan at one particular company.
I would like to stress, however, that I think young people place a bigger emphasis on time than they do cash these days, and I think it's clearly evident when young people have huge debt loads but still want the freedom to travel and hang out.
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The average person has three careers I believe, although that may be changing as well.
Coincidentally, in the New York Times today, a look at the way young people view morality and its stunning differences with prior generations. As an example, the author is disturbed that the majority of young people in the survey have no moral issue with today's rampant consumerism - but then again, neither do I so I'm no sure why that would hook him.
Anyway, a look at the way young people view morality these days and their day-to-day decision-making which goes to your point and probably serves some purpose in this discussion about retirement planning. The culture of "me" and "now."
http://www.nytimes.com/2011/09/13/op...t.html?_r=1&hp
Cowperson