In a new survey (what else is new) it has been reported that the younger generation is losing faith in its ability to juggle life. It is worried about the job prospects after graduation, its ability to pay bills, how to pay for college education and if it can live up to the standards of the previous generation. It was a pretty depressing report to read and it shows the gloom and doom of the young generation (ages 19-29).
What to make up of the report, other than to say that they are not wrong in assessing the situation realistically. Times are pretty hard and it is going to get harder because of the huge amount of debt that we are taking upon ourselves. It is not just the younger generation that is fearful of the future but the baby boomers too who have lost a bundle in the stock market and their retirement funds and have been forced to cut back on expenses and sometimes going back to work. Apart from this the baby boomers are helping their offspring weather this storm of unemployment and the debt they have accumulated. It is all a said real life story which is not being addressed by the politicians and will not be addressed by them anytime soon unless forced too.
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