Global financial crisis breeds money-savvy Generation Z
True nature of spending may understood only if spending pattern of age group 22-25. is studied;they spend more they earn and they go into depression mode immediately if they do not have sufficient cash on hand or a credit card or for that matter if they can not recharge their cell phones.Their ability to face the vicissitidues life, especially finance, is very minimal and they need toughness to handle crises of life which they lack now, because of higher wages and easy recognition.
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