| This article is written by a 27 year old
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| | tired.
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| female (borderline Generation X / Y)
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| | It's too easy to brand young people as
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| called Rachel. Rachel spent six years at
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| | apathetic just because they haven't got
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| university, has no outstanding debts with
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| | pensions or life insurance. Smug
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| the exception of government student
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| | thirty-somethings who received full
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| loans. Rachel also has no pension plan,
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| | grants, graduated in a less competitive
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| no life insurance, savings or property
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| | market and bought property when the house
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| investment. Despite reports of average
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| | market was low are quite happy to "tut
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| starting salaries for graduates beginning
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| | tut" at their twenty-something shadows in
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| at £18,000, some even at £25,000,
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| | their lack of financially savvy
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| Rachel started on £14,000 three years
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| | experience, but today's twenty somethings
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| ago, despite gaining a First Class
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| | are being squeezed from all angles:
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| Honours and offering extensive work
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| | - Student loans replace university grants
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| experience.
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| | - Commercialisation of university life,
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| This isn't therapy through Microsoft
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| | with banks and credit card companies
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| Word, but it's not uncommon to read
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| | actively courting student customers
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| reports of "apathetic youth" in the
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| | - High property prices
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| media. For driven young graduates who
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| | - Very competitive job market
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| didn't quite land where they expected -
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| | What we need are comprehensive financial
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| it is a little frustrating to be branded
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| | research sites that provide information
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| "ignorant", when it is already difficult
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| | which directly relates to our
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| working off university debts and fighting
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| | circumstances. Websites such as moneynet
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| your way onto the career ladder in a very
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| | ( ) with their product price comparisons
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| competitive market.
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| | and finance guides (especially the
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| What is the point of having independence
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| | student finance guide) -do go most of the
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| in old age, if you cannot experience it
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| | way, but we want something that also
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| in youth? That is not to say young people
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| | takes into account our aspirations,
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| should be encouraged or supported in
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| | situations and will go the distance.
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| their debateable extravagance, only that
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| | We're not adverse to pensions, life
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| we remain unconvinced by old age. We may
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| | insurance and mortgages, but if we're
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| have seen our parents lose money in
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| | going to splash out lots of dough, it has
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| shares or private pension funds, or get
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| | to be a reasonably reliable investment
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| divorced and lose money through property.
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| | and we remain unconvinced from we've seen
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| We may be worried about global warming
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| | so far in provocative, panic-stirring
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| and in an age of suicide bombers, we may
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| | media.
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| not even be confident about how much
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| | It's true that products such as life
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| control we have on our lives anyway. With
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| | insurance would at least protect our
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| so much choice on what we can do, but so
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| | families from our debts and that's
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| few people empowering us with confidence,
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| | important, but with regard to pension,
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| we may well rebel for years to come -
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| | who's to say that in our old age, we may
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| chopping and changing until we find
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| | not revert back to student lifestyles -
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| something that fits or until we get
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| | living in communities and on budgets.
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