Generational Savings Pitfalls

The founder of Mint.com (Have I mentioned how much I love Mint.com?) talks about how people are cutting back, and where the biggest spending pitfalls are:

I think it's interesting that the younger generations have a penchant toward spending on food- eating out, and social eating or drinking- while the older generations spend on status symbols. The observation is true of me: while I don't have a coffee habit, I do love to eat at restaurants, and this is a habit I'm trying to break,or at least lessen.

Interesting stuff.

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