What is Gen-Y expecting?

Gen-Y. I am myself born in Gen-Y, the years between late 1970s and mid 1990s.

There are many publications talking about Gen-Ys on how these bunch of people reacted in the reality world etc, especially employers.

Gen-Y wants high income less work...
Gen-Y wants flexible working arrangements...
Gen-Y wants more time commitments on social media....
Gen-Y spends the moment they earn....
Gen-Y doesn't know how to save...

Etc.
Etc.

Oh well. Here's what I thought.

Gen-Ys are those lucky kids whereby their parents would have strived to earn as much money as they could in order to give themselves and their children better and more comfortable life. Perhaps this could have given the kids to think that money come into our pocket so easily and they taken all these for granted. I have few friends, their daily pocket money or even shopping pocket money from their parents during school days is already more than what they would have earned by themselves. Of course these guys thinks that employers are not paying them enough! Look! What is the cause to this phenomenon?

Alright, maybe everyone may think differently. I do agree that our employers are not paying us enough with the escalation of living costs these days. I believe all these are chain effect and income will never be higher than living costs. Once we are paid higher, our employer will definitely factor all these increased in costs into their products they sell and subsequently affecting the consumers and hence, increase in living costs again. It's a forever and ever kind of thing.

Myself, I've never live in the high pocket money life. What I'm earning now give myself a fair bit of comfortable life. I can have things which I wish to have without thinking too much. I can say that I spend like nobody business. I don't save much as I have nothing much to save after the monthly fixed commitment and spendings.

Well, I do agree that commentators have been saying that Gen-Ys do not save. Saving, is an important part of financial management but how much to save it's all depends on what is the appetite of each individuals. No one can comment on this. my point of view is that why must you sacrifice in your spendings to make your life comfortable and happy while you can? Life is so fragile and no one would ever know what will happen in the next moment. Albeit you have saved a million dollars and you have not enjoyed your life all these years just because you want to save the money, and in the end of the day you do not have the life/strength to enjoy what you have saved for your later life. What's the point then?

Perhaps many baby boomers will think differently from what Gen-Y does, but the world has evolved and things have changed. There's no right or wrong in everything. It's all depends on how you put things together.