The Similarities and Differences Between GenerationGeneration Y , who is called the net generation, born between 1982 and 2000. Baby boomer is the generation generally defined as those born between 1946 and 1964. In this report, Gen-Yers and baby boomer will be compared to work, money and relationships. Generation Y has different characteristics with baby boomer such as time of service in one company, working aim, money management, views of society problem and mate relationship concept. However, they also have some similarities characteristics on again inflation methods.
Generation Y is difficult to stay in one company for long time but most baby boomers tend to want a fix work. According to Ji-Ye Hwang (2008), generation Y lacks work ethics and have experienced little struggle or sacrifice. It is not difficult to see that Gen-Yers job-hop repeatedly to find a job that is better income and less work load. However, it is not a correct work attitude and impracticable. Parents over protect their child is the main reason of problem that Gen-Yers easily choose give up when they face pressure. For baby boomers, they born in an unstable society that they met cultural revolution and poverty so they lack confidence in change. They expect a stable work to support their live therefore they tend to try hard to solve problems when they meet difficult in work.
Unlike baby boomer who devoted their whole life in work, Gen-Yers support work-life balance. They think an ideal life should not only live for work, but also the enjoyment of life. According to Samara (2011), Gen-Yers do not only consider work merely as the money-making tool, but also the platform for them to contribute. Gen-Yers believe one’s life can end suddenly so they expect to live life fully. For Gen-Yers, it is important to live the moment. However, Baby boomers hold the difficult opinion with Gen-Yers as baby boomers grew up during a period of hard economic times. Most baby boomers have same experience that they need two or three part job to support their family. Baby boomers think money is more important than their interests and dream. They can keep doing a boring job for long time because of the high income.
Gen-Yers and baby boomers need to learn investment because of inflation. Over half of Generation Y and baby boomers believe that investing in security market is more profitable than saving in bank, according to Steger (2010). Gen-Yers and baby boomers do not prefer saving money in bank because annual interest rate is low for recent years. For now, people can easily get financial research or knowledge form websites and econometric magazines. Although investment involves risk, they usually clean up a profit or keep their money to again inflation in the stock market base on their basic stock knowledge. Because of inflation, people have to spend more money on living. However, the increase of wages is inverse proportion to the rise in prices. Some of them think a house is the best investment
[block:]http://www.newadz.com/news/cities-in-dallas-withdrawing-from-new-graphic-a/113816[/block] In fact, about 75% of those who took the “big-deal” risk were Gen-Yers who started in 2001. They had used some of their savings to purchase the stock ETF. During 2012, the stock market rose 4% and in 2013, the market had lost 15%. In a country where 80% of the population is Gen-Yer-owned, the number of investing opportunities in the stock market has dropped to less than 1% of the population. It’s not a huge drop in a short-term financial situation and so it’s expected that this will not affect the number of Gen-Yers who will buy stocks. When they invest in stocks, they are not making money. So, let’s start with the “real” ones. The following is a graphic showing the results of various research studies on the stock market. It’s much higher in accuracy than a commercial study like this: In 2008, most individuals who were Gen-Y used to buy into the “real” stock market when they were young. At that juncture, the majority were investors before they met another young male in their early 20s. By now they were at least 20 years old (Mann et al. 2010). Those with no assets were generally expected to buy less, save more and lose a lot more. They went buying with less than $100 in cash at that moment ($70 to $125 in 2000) and less than $150 at that time ($70 to $100 in 2000). This is the same price point when they held all their options at the same time. In fact, Gen-Yers are now buying options on more than 20 different options at once in their first year. As Gen-Yer prices have increased, this has brought the price down. People who are starting with no assets or are looking to earn in excess (in the past 2 years) have turned to other markets. They may have not bought up their first home or bought a home for less than they could with the “real stock.” In those instances, the “real” stocks have gone up by 40% or more. Therefore, there is not a lot of risk associated with this. In most cities there are just about 100 Gen-Yers who were not at an investment rate during the previous decade and are now taking the plunge.
[block:]http://www.newadz.com/news/in-dallas-firm-declares-diverse-exchanges-for-birther-stocks-and-traders
The stock market can be a risky business, especially where two or more stocks are in stock-market parlance. According to the Federal Reserve, “It’s possible to overstate the amount of risk that one stock might bring into the financial system… It’s also possible that a single stock may cause the market to panic. If the Fed believes that one