Tech’s generational divide is representative of a broader phenomenon. The year someone is born has a big influence on views about work and money. Early personal experiences strongly determine a person’s appetite for financial risk, according to a 2011 study by economists Ulrike Malmendier of the University of California, Berkeley and Stefan Nagel of the University of Chicago.
source https://economictimes.indiatimes.com/jobs/tech-layoffs-shock-young-workers-but-not-older-ones/articleshow/97208925.cms
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