CAclubindia Forum : TERM OF THE DAY

Pages : 1,

By : Rahul
student
[ Scorecard : 1206]

ON : 3/24/2008 7:47:25 PM

What Does it Mean?
A class of self-made millionaires that live relatively modest lives. Instead of spending wealth on gaining luxurious items and living expensive lifestyles, these individuals prefer to make contributions to charitable causes and spend time with their families.

Investopedia Says...
The concept of social responsibility may have contributed to the emergence of this new class of wealthy individuals. All in all, these individuals can be a great benefit for society because they redistribute a vast amount of wealth for social good. However, it may be difficult to become a YAWN because it can be very tempting for wealthy young people to be drawn to more extravagant lifestyles.

Related Terms

Affluenza
A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses".

Baby Boomer
A person who was born between 1946 and 1964. The baby boomer generation makes up a substantial portion of the North American population.

Social Responsibility
The principle that companies should contribute to the welfare of society and not be solely devoted to maximizing profits.

Yupcap
A slang term for a young urban professional who cannot afford property.

Yuppie
A slang term denoting the market segment of young urban professionals.

PAGE 1,

Post your reply for : TERM OF THE DAY - MARCH 24, 2008
Note	Your not logged in . Reply posted by you will appear as Guest Posting
Your Name
Email :
Message
Verify Image Code

Forum for Chartered Accountants ,CAs India, CA India ,Company Secretary ,CS, Cost Accountants , MBA and Finance Professionals