Hollywood starlet named Gen Y financial role model

Jennifer Lawrence is much more than Hollywood’s brightest young female star. She’s also been named the top personal finance role model for Gen Y.

Read: Let Bieber be your financial strategist

“Despite making millions, [she] refuses to succumb to the common, frivolous spending of her peers,” says GoBankingRates managing editor Casey Bond.

Lawrence’s salary has shot up since 2010. She was also included in Forbes’ Women to Watch list, which says her paycheck for upcoming box-office giant “Catching Fire” will come in at more than $10 million.

When that sum is combined with her earnings for other projects over the past few years, she may well become one of the top-paid actresses of 2013.

Read: Wealthy clients have debt, too

This allegedly hasn’t affected her spending habits. She continues to live in the same modest apartment, hunts for bargains at grocery stores, and hasn’t upgraded or ditched her years-old Volkswagen.

Canadians should take note of her restraint as recent reports saying people have been increasingly depending on credit. Read: Discourage clients from depending on credit

Also check out:

How to entice Gen Y prospects

4 ways to help Gen Y plan for retirement

10 tips for young advisors and associates