Wednesday, June 10, 2009

Trustafarians?


Ever wonder how your hipster or artsy friend can work a minimum wage job for 4 hours a week but still be able to go out and party and buy that new Iphone or Mac? The answer is mommy and daddy. As areas in major metropolitan cities like New York (Willamsburg), and Philadelphia (Fishtown), have see huge gentrification efforts over the past 10 years, many of the Gen Y hipsters are finding financial troubles in the current market situation. Parents are no longer able to float their kids the money they need to sustain a seemingly carefree life. This great NYT article goes into detail about the issues these up and coming areas are facing along with what is happening to the 20 something YoCoPros that reside their.

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