A Broke Generation?
Posted by Gabe Graumann on April 25, 2008
Generation Y are those people currently in their 20’s and 30’s, and by most accounts this entire generation segment is broke. Why is that? Emma Johnson put together an interesting article recently, with several video clips taken when interviewing a few Generation Y individuals, called “Why is Generation Y Broke“. While several of the video clips are quite humorous, it becomes sobering when considering the long-term effects of personal finance illiteracy.
If you fall into the Generation Y age category take heed of warnings from those who have gone before you. Getting a grasp on your personal finances is your responsibility, regardless of the example your parents set or the methods you learned growing up. In an era of easy credit being issued to anything breathing, it only takes a few money mistakes to impact years of your life. Gaining a little financial literacy could save you tens of thousands of dollars or more over your lifetime. Don’t put off increasing your financial IQ one more day. Get involved in your personal finances.
