Filed under: Life | Tags: Baby Boomer, Consumer, Gen C, Gen V, Gen X, Gen Y, Gen Z, Sept 11
I was just thinking about this when I was writing this little spiel. So as the King said, “Begin at the beginning,” Gen X’ers are referred to at those that were born between the late 1960s to early 1980s. The offspring of the baby boomers and Gen X’ers must resent their upbringing as they are often referred to as the baby busters, as there was a steady decline in the number of births as they grew older. Gen X is also associated with the increase in divorce, political apathy and the birth of computers. While this generation ages though, I’m sure even though they have lived differently then the baby boomers, they will all grow old the same way. Yelling at kids on the lawn, reminiscing back in their day and enjoying boiled sweets.
Filed under: Life, Money | Tags: Financial, Gen X, Gen Y, McMansion, Recession, SUV, Troubles
Is a recession necessary for each generation to financial difficulty experience? Does being put through a recession create more mature and wiser investors?
These are some of the thoughts I have been having lately. When I was a wee little baby, the stock market collapsed over in the U.S. and the Australian dollar plummeted with it. My parents survived through this and I believe they are the wiser because of it as both are doing quite well today. I’m reasonably happy with my financial status as I can afford to take an overseas trip every year, whilst my brother is debt ridden. I’m not sure why that is as we both had the same up bring. I think financial stability is a sign and reflects the maturity of an individual.
Currently there is a big flap about the interest rates on mortgages at the moment, but at the time when I was young, my parents were paying of a house with interest rates of around 12-15%. They seem to be coping fine with the current rate problem; however the Gen X new home owner (more…)
