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College Students, Families Urged to Understand Insurance Options as Number of Renters Surge

HARTFORD, Conn.–(BUSINESS WIRE)– Increased spending on items taken to college and a national rise in the number of renters has prompted insurance experts to relay the importance of understanding renters insurance.

The National Retail Federation said college students and their families will spend an average of $618.12 on back to school merchandise this year, a 3 percent increase from last year. If those students are taking their personal items to an off campus apartment, it’s best to check with an insurance agent to consider the need for renters insurance.

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Financial Uncertainty Triggers Desire for Fiscal Stability Among Gen Y Employees

NEW YORK–(BUSINESS WIRE)– Generation Y employees may have been hardest hit by the daily financial pressures exerted by the economic downturn of recent months. More than half (53%) of Gen Y employees (ages 21-32) say they are now living paycheck to paycheck, up from 50% in 2007, versus 44% of their older associates. And nearly three in four (73%) are very concerned about having enough money to make ends meet, compared to 56% of Generation X employees and 62% of Baby Boomers, according to MetLife’s 7th annual Employee Benefits Trends Study.

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