The sin of wages

The recession is getting so deep, younger adults are cutting back on bar hopping. Booze and cigarettes are the items people 18-29 say they’re giving up in deference to the economy.

A third of those surveyed by Pew say they’ve changed to a cheaper cellphone plan. One in five say they’ve moved in with a friend. The thing you can do when you’re young!

The generation also is more hopeful than old-timers…

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… which leads to the obvious question: Do the younger people know something the old timers don’t? Or do the old-timers know something the younger people don’t?