Attitude adjustment required
| Posted On: 09/22/09 01:45:00 PM |
Age 63, MO |
The "boomer" generation's parents lived through the great depression and WWII. Most of them knew what it was like to have to work hard for a living, but somehow many of them inadvertently steered their "boomer" children away from "hard" work. They wanted a "better" life for their children, and therefore urged them to aspire to be "white collar" workers rather than "blue collar" workers. It was off to college for their children to be managers, or off to more secure government jobs. Debt was not nearly the option for "boomer" parents that it became for the generations that have followed. Readily available credit meant too much money chasing too few goods and services, which resulted in higher prices. This would be normal supply and demand, except the money was actually not really there, and it had interest costs attached to it as well. A false picture of prosperity was being created; and along with it, a false sense of security. George Cancilla
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