Economy

In this post we will have a look at how the new economic realities since the recession are shifting consumer habits, and especially among the youngest generation. This is part 3 in a three-piece series on how the post-recessionary economy is affecting the youngest generation. In...

[caption id="attachment_2582" align="alignright" width="296"] The Great Depression - the last time life was particularly tough for poor families[/caption] Our youngest generation, the Homelanders is defined by the Great Recession. According to generational expert Neil Howe, this was the pivotal historic moment that allowed one generational archetype to be...

This article is a contribution from guest blogger Stacy Becker. Please read her bio below. [caption id="attachment_2037" align="alignright" width="400"]Image courtesy of Stuart Miles at Free Digital Photos Image courtesy of Stuart Miles at Free Digital Photos[/caption] According to psychologists who measure things like high rates of materialism, narcissism, the millennials have grown into adulthood with some serious personality problems which the baby boomers lacked. The entire nation is worrying about the present financial condition and the steps that the generations need to take in order to keep debts at bay. The analysts see a clash between the baby boomers and the young generation in accordance with the way they handle their finances and this is what is leading to a huge gap between the two aforementioned generations. While the current seniors are still in the process of learning how to handle their finances, the young generation is already suffering due to the wrong steps taken by them. The younger generation seems to be stressed over debt, thereby making savings a distant dream. The concerns of this article will deal with the different financial problems faced by the seniors and the young and the message that the seniors would love to pass on the young adults to save the economy from crushing.

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