Generational Breakdown: Gen Y Millenials Risk Averse

Here is a breakdown of generations by years:

2000 -Present - New Silent Generation or Generation Z
1980-2000 - Millennials or Generation Y
1965-1979 - Generation X
1946-1964 - Baby Boom

Millenials, or Gen Y's are risk averse. They are so risk averse that they have two names! Talk about hiding in the woodwork. Seriously, though, there are reasons why they are risk averse. And risk averse actually hurts the bankers who got us into this credit crisis mess in the first place.

The question remains, will the Millenials bite at the obvious housing bubble Ben Bernanke wants? That is the question. Will the head of the Federal Reserve get his way, and make Jamie Dimon happy? Or will people refuse the easy loans that surely will come their way?

I hope the Gen Y Millenials stay risk averse. They will be saved from a life of debt. 


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