The bottom line

Generation Y's rough road; Federal tax credit spurs new-home sales; DeBeers to cut diamond production; Sales up at Sears; Craigslist nets a few Gambinos

Generation Y's rough road

Members of Generation Y—today’s teens and 20-somethings—are likely to be the first generation in U.S. history to end up financially less well-off than their parents, studies suggest. Forty-nine percent lack health insurance, 39 percent were jobless at some point during the recession, and nearly 42 percent don’t pay their monthly bills on time.

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