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YAWNS - Young, Rich, and Frugal
SAN FRANCISCO (AP) - They drive hybrid cars, if they drive at all, shop at local
stores, if they shop at all and pay off their credit cards every month, if they
use them at all.
They may have disposable income, but whatever they make, they live below
their means, in a conscious effort to tread lightly on the earth.
They are a new breed of Gen Xers and Ys, Young and Wealthy but Normal, or
Yawns.
The acronym comes from The Sunday Telegraph of London, which noted that an
increasing number of rich young Britons are socially aware, concerned about
the environment
and given less to consuming than to giving money to charity.
Yawns sound dull, but they are the new movers and shakers, their dreams big
and bold. They are men and women in their 20s, 30s and 40s who want nothing
less
than to change the world and save the planet.
Take Sean Blagsvedt, who moved from Seattle to India in 2004 to help build
the local office of Microsoft Research. Moved by young children begging on
the streets,
Blagsvedt quit Microsoft and launched two networking sites, babjob.com and
babalife.com, to link India’s vast pool of potential workers with the
people who need labor. The larger goal - to reduce poverty.
Far from the techie cafe life, Blagsvedt, 32, lives at babajob’s headquarters
in Bangalore, a 3,000-square-foot apartment where his mother and stepfather
also live and 15 workers come and go every day.
“
I’m a happy person,” he said. “It’s great to do something
that you believe in doing.”
The high-tech world has spawned some Yawns, but they can sprout anywhere.
In fact, Yawns are a subset of a growing global movement of the eco-socially
aware.
The state of the economy and the state of the planet have inspired people to
consider what they buy and how they spend in ways not seen since the “Small
is Beautiful” and ecology movements of the 1970s.
The movement makes perfect sense, said David Grusky, a sociologist at Stanford
University, since society tends to follow cycles - with anti-materialistic
periods like the hippie movement generating a pro-materialist reaction - the
yuppie period,
and so on. Not to mention, he adds, that the evidence of major climate change
and a concern with terrorism gives rise to more interest in spiritual as opposed
to material objectives.
The upshot, he said, is that “A cultural and demographic ‘perfect
storm’ may well push us decisively toward an extreme form of postmaterialism
in the upcoming period.”
That helps explain why Earth Day has become so big again, why products are
all going “green” and why freecycle.org, an Internet community
bulletin board where members offer items for free, has grown in five years
from a dozen
members in Tucson, AZ, to a network of over 3,000 cities in 80 countries.
Deron Beal, the site’s founder, counts 4 million members, and growing
by 20,000 to 50,000 members each week.
“
People have many reasons for freecycling,” said Beal. “But the
biggest reason is environmental - reusing and recycling instead of helping
create more
waste.”
Could it also be that we are sick to death of buying stuff?
Pam Danziger, a consumer trends expert, thinks so. “The green thing is
just a small part of it,” said Danziger, whose firm, Unity Marketing, has
new research showing luxury spending is way down. “Americans have been
on a buying binge for the last 10 years,” she said. “Our closets
are full. Our attics are full. Our garages are full. Enough already!”
Yawns live small, but they already own whatever they want.
Rik Wehbring, a 37-year-old dot.com millionaire - he worked for multiple
startups - limits himself to living on $50,000 a year. That’s no chump change but
well below what he could spend in San Francisco, where his rent eats up 40 percent
of his allotted spending. Wehbring doesn’t own a television, his mp3 player
cost $20 (“and it works just fine”) and he drives (when he drives)
a Toyota Prius.
He buys most of his food from local farmer’s markets, is leaving the bulk
of his estate to various environmental organizations and donates money to what
he considers worthy causes. Everyday, he grapples with “how to live a
low-carbon life.”
But Wehbring doesn’t buy clothes, or much of anything.
“
I don’t need a lot of material possessions,” he said. “I haven’t
had to buy anything in a while.”
Such frugality seems to run in his circle.
Brad Marshland, 44, the husband of Wehbring’s cousin, is a successful
filmmaker living near Berkeley. He and his wife and two sons, ages 10 and 12,
dry their
clothes on a line, grow their own vegetables and buy what they need at garage
sales and second-hand stores. (Second-hand stores are to Yawns what The Gap
was to Yuppies).
“
We’re pretty low on the stuff scale,” Marshland said.
Marshland offsets his family’s “carbon footprint” - how
much energy it uses - by donating money to environmental groups online.
Yawns hate ostentation.
When Randy Sidney, a software engineer at Google, cashed in his stock options
in 2003, they yielded him more money than he could ever burn through in his
lifetime. (Billions? He won’t say.) But instead of building himself
a 100,000-square foot mansion in the Googledom of Silicone Valley, he retired
to a four-bedroom
house in Stateline, NV, and started giving money away.
He has given $400,000 to a local arts council to help build a new arts center,
$1 million to a bus company to help launch a route so that casino workers
wouldn’t
have to rely on private transportation to get to and from work, and $1.7
million for a new football field and track at a local high school, for example.
Sidney also donates millions to charities that try to cure diseases or save
the world.
His one rich-guy, carbon-hogging guilt trip: a single engine plane he flies
about once a week to see his girlfriend in San Francisco.
But his pet project these days is pure Yawn. He is building what he calls “an
environmentally friendly affordable housing development” on 100 acres
near his home in Stateline.
“
This world and our society and the people in it are good and worthwhile,” he
said, by way of explanation, “and I think it’s worth spending money
to keep it around and try to improve it.”
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