Sunday, December 13, 2009

GENERATION Y FOCUSED ON MONEY MANAGEMENT

Over 70% of Generation Y (Americans aged 22-33) workers are very concerned about their finances and have made daily money management and budgeting their biggest focus, according to a Fidelity Investments August survey of over 1,000 members of Generation Y with at least $15,000 in annual income. The quality of an employer’s benefits package influences job choice among 62% of this group and impacts job loyalty among 64%. Health insurance is the favored benefit (82%), followed by paid vacation time (68%) and a retirement savings plan (57%), the survey revealed.

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