http://news.bbc.co.uk/1/hi/business/7101873.stm
The term yuppie conjures up images of the brash 1980s, when bright young things lived a loadsamoney lifestyle of flash cars, lavish lunches and power dressing.
"The accent was on enjoying ourselves, but there was a very strong work ethic," says Miles Gillman, who was creative director of a London advertising agency in the 1980s and a self-confessed yuppie.
"We had good salaries but spent them selfishly."
These days, young professionals are different.
New research suggests they are more cautious about money than yesterday's yuppies, who are struggling to maintain their once high-flying lifestyles.
Research from Liverpool Victoria Friendly Society, a financial services company, suggests that pensions, getting on the property ladder and paying off debts are bigger priorities for today's young professionals than living a champagne lifestyle.
Four in 10 young urban professionals in 2007 cite paying off debts as a financial concern, compared with a third in the 1980s, according to the research based on a survey of 2,409 adults.
Almost a third say that saving for retirement is one of their top three biggest financial worries, compared with just 12% of original yuppies.
With conspicuous consumption falling out of favour, today's young yuppies spend their hard-earned cash on organic food and green fashion.
Whereas only 3% ate organically and considered themselves environmentally friendly at the end of the 1980s, almost one in five do so now, Liverpool Victoria found.
But young go getters do enjoy the original yuppie love of gadgets, with 24% spending their money on technological wizardry compared with 18% in the late 1980s.
So to summarise, 1980's yuppies were into spend, spend, spend and today's yuppies are into save, save, save.
The term yuppie conjures up images of the brash 1980s, when bright young things lived a loadsamoney lifestyle of flash cars, lavish lunches and power dressing.
"The accent was on enjoying ourselves, but there was a very strong work ethic," says Miles Gillman, who was creative director of a London advertising agency in the 1980s and a self-confessed yuppie.
"We had good salaries but spent them selfishly."
These days, young professionals are different.
New research suggests they are more cautious about money than yesterday's yuppies, who are struggling to maintain their once high-flying lifestyles.
Research from Liverpool Victoria Friendly Society, a financial services company, suggests that pensions, getting on the property ladder and paying off debts are bigger priorities for today's young professionals than living a champagne lifestyle.
Four in 10 young urban professionals in 2007 cite paying off debts as a financial concern, compared with a third in the 1980s, according to the research based on a survey of 2,409 adults.
Almost a third say that saving for retirement is one of their top three biggest financial worries, compared with just 12% of original yuppies.
With conspicuous consumption falling out of favour, today's young yuppies spend their hard-earned cash on organic food and green fashion.
Whereas only 3% ate organically and considered themselves environmentally friendly at the end of the 1980s, almost one in five do so now, Liverpool Victoria found.
But young go getters do enjoy the original yuppie love of gadgets, with 24% spending their money on technological wizardry compared with 18% in the late 1980s.
So to summarise, 1980's yuppies were into spend, spend, spend and today's yuppies are into save, save, save.
Guppie
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