Comments on: Generation Debt: What Can Be Done? http://www.thesimpledollar.com/2007/02/08/generation-debt-what-can-be-done/ Simple, applicable personal finance advice for the modern world Fri, 10 Feb 2012 03:55:09 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Trent http://www.thesimpledollar.com/2007/02/08/generation-debt-what-can-be-done/comment-page-1/#comment-5698 Trent Thu, 08 Feb 2007 18:33:36 +0000 http://www.thesimpledollar.com/2007/02/08/generation-debt-what-can-be-done/#comment-5698 I think the general thesis here is that debt is becoming much less optional if you want to remain a functional member of the society. Yes, debt has always existed, but it was never an implicit requirement to go into debt. I think the general thesis here is that debt is becoming much less optional if you want to remain a functional member of the society. Yes, debt has always existed, but it was never an implicit requirement to go into debt.

]]> By: MossySF http://www.thesimpledollar.com/2007/02/08/generation-debt-what-can-be-done/comment-page-1/#comment-5695 MossySF Thu, 08 Feb 2007 18:22:25 +0000 http://www.thesimpledollar.com/2007/02/08/generation-debt-what-can-be-done/#comment-5695 Read through the following article about the history of credit: http://www.myvesta.org/history/ Basically, most the stories you hear about "when I was a your age..." is nonsense. People have been subsidizing their lives on credit since the Sumerians. Read through the following article about the history of credit:

http://www.myvesta.org/history/

Basically, most the stories you hear about “when I was a your age…” is nonsense. People have been subsidizing their lives on credit since the Sumerians.

]]> By: Debt Hater http://www.thesimpledollar.com/2007/02/08/generation-debt-what-can-be-done/comment-page-1/#comment-5679 Debt Hater Thu, 08 Feb 2007 15:24:03 +0000 http://www.thesimpledollar.com/2007/02/08/generation-debt-what-can-be-done/#comment-5679 I read an article in USA Today a few weeks ago about seniors and retiring Baby Boomers being in massive amounts of credit card debt. So, I suspect, that the poor money management habits and unhealthy views of buying and status that Gen X and Y have, they got from their parents. There's a reason these generations have wrecked their financial health and it couldn't have originated entirely with them. Remember that the Boomers were the grownups in the Me, Me, Me 80s where status was everything and the logo on you shirt meant more than what you actually did as a human being. I read an article in USA Today a few weeks ago about seniors and retiring Baby Boomers being in massive amounts of credit card debt.
So, I suspect, that the poor money management habits and unhealthy views of buying and status that Gen X and Y have, they got from their parents. There’s a reason these generations have wrecked their financial health and it couldn’t have originated entirely with them. Remember that the Boomers were the grownups in the Me, Me, Me 80s where status was everything and the logo on you shirt meant more than what you actually did as a human being.

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