We want security

Generation Y has been molded by many events over the past years. A recent article I read suggested that we also are concerned with saving money for retirement and benefits. I can agree with this since I am on the edge of graduation. For the past year, I have been thinking about these things and others. As terrifying as it may seem, I feel there is a lack of information and advice from Gen Y's parents.

One idea that has been brought up in the effect of 9/11. Personally, I think this is an interesting theory, but I am just straight out terrified about not having enough money for important things like retirement.

“Generation Y has started saving very early,” he said. “They are already thinking about how to save money for retirement. This is a generation that's old enough to remember 9/11. I think 9/11 changed a lot. They have this idea of safety — personal, financial and career.”

As far as 9/11 goes, I don't see the link. Maybe it's just me! As I said before, I have been thinking about these "adult" things for a few years now. Since I began college, I started thinking about financial decisions. Up until this past semester, I was worried enough, but then I was hit with the news I would need to take out a loan. This loan has put enough strain on me! It really gets you thinking about financial responsiblity and how you are starting out in the red: EEK!

The article further mentions this:

“The Gen Y professionals we surveyed were focused on practical concerns, such as saving enough money for retirement and being able to balance work and family obligations,” Reesa Staten, Robert Half's workplace research director, said in a statement.

True enough, I have always imagined a perfect world where I can be totally satisfied in my job and balance a family on the side. Although I am almost 21, the thoughts of balancing work and family worries me. I feel that Gen Y probably wants it all (at least I do). We are hoping we can find a nice balance, but I know I want to succeed in work as well.

We will have to see how this plays out. We'll find out ten years from now.