Generation Y: Frugality with Personality

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“Where did you get your shirt?” a classmate would inquire. “Oh, I have had this so long that I don't even remember where we bought it,” I would reply. Most children raised in single parent homes can remember buying their school clothes from a used clothing store, and most can remember lying when people asked them where they bought the item. Ashamed of the poverty of my family, I would lie when interrogated about the origin of my clothes. In recent times though, the mentality of buying clothes from thrift stores has changed and the connotation of thrift has been replaced with a sense of frugality. Today if a friend asked where I bought a certain item I would proudly proclaim, “The thrift store two dollars!” or “The clearance rack for five dollars!” The savings is more like a competition between friends, who is wearing the cutest items and has spent the least amount of money. Guest writer for CBS Money Watch, Alanna Peterkin, owner of Head Games Salon in Portland, Maine, expresses her frustration with hiring workers of Generation Y, in her experience Generation Y is over-privileged and does not enjoy working hard. Peterkin states that the previous generation is much more suitable to work hard, “When I get a 28-to-35-year-old applicant, I'm so psyched, because they tend to be far more dedicated to the job and willing to put in long hours.” Unlike Peterkin, I believe that Generation Y is not over privileged, but money conscious. The creation of this frugal generation can be attributed to many factors, one seeing our parents retire without efficient funds to support themselves, two being raised in an economic slump, and three for the love of the chase. The way Generation Y uses their money must first be accredited to their forefathe...

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Peterkin, Alanna. "I Can't Find A Good Employee From Generation Y." CBS Money Watch (2010). CBSNews. CBS Interactive, 21 July 2010. Web. 12 Mar. 2012.

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