The Globe and Mail reports in its Tuesday edition the latest slur against members of Generation Y is they are wreckers of their parents' retirement.
The Globe's Rob Carrick writes according to the cover of the latest edition of Time magazine, they're the "ME ME ME Generation ... lazy, entitled narcissists who still live with their parents."
Consider a news release from TD Bank last week, "Boomers risk straining finances to support boomerang kids." Young adults are moving back home because the economy has no place for them, but it is the impact on parents that gets the ink.
Backing TD up in this enterprise was social worker Gary Direnfeld, who is unimpressed with today's young adults.
"The word that fits for me is entitlement," he told The Globe. "Kids these days aren't used to doing without. Hardship these days is not having the latest smartphone, versus no smartphone."
Mr. Direnfeld said it is reasonable for parents to offer twentysomething children a hand when they legitimately need it. "The concern," he adds, is where the hand up is more driven by a sense of entitlement than need.
TD warns that such support should not compromise a parent's financial stability and retirement savings goals.
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