http://tslrf.blogspot.com/2009/12/book-review-generation-debt-why-now-is.html
Friday, December 25, 2009
Book Review: Generation Debt, Why Now Is A Terrible Time To Be Young
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I just finished the book Generation Debt: Why It Is A Terrible Time To Be Young. Honestly I think if you are 18-35 or have a kid in that age range you should read this book. Here are some interesting snippets of the book:
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-The cause is not a temporary recession but structural changes in the economy. In income and occupation prestige, young adults are behind where their parents were at their age.
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At Christmas eve dinner, we had a discussion on this topic.
The kids didn’t understand that we were talking about their economic future.
Unfortunately, they are going to have to live thru this economic disaster.
They will have to be smart with their money. Very smart. Which to date, I have NOT seen evidenced by any young people. Or some old ones either.
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Reinke Faces Life 