Show them the money

Young people want to be rich, according to two recent surveys. AP reports:

UCLA’s annual survey of college freshmen, released Friday, found that nearly three-quarters of those surveyed in 2006 thought it was essential or very important to be “very well-off financially.” That compares with 62.5 percent who said the same in 1980 and 42 percent in 1966, the first year the survey was done.

Another recent poll from the Pew Research Center found that about 80 percent of 18- to 25-year-olds see getting rich as a top life goal for their generation.

Expectations are very high: Those who are making $35,000 a few years out of college may suffer a “quarter-life crisis.”

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  1. Perhaps it is people’s expectations of life expectancy, rather than greed that encourages the younger generation to become (or wish to become) wealthy. I personally want to be a millionaire because of the expectation of living much longer than those of past generations.

  2. Maybe they just want to be able to buy a home in CA…

    but, the real question is if that desire is affecting their cohice of major. Did they pick engineering, finance, economics, or business majors? Or communications and English?