Generation Debt - 60 minutes 5-10-2008 pt1 of 2

In depth analysis (joking) by 60 minutes of Gen Y and their credit cards

Category:

News & Politics

Tags:

• Steve
• Keen
• 60
• minutes
• debt
• generation
• commentary
• analysis
• gen

[Bisquack]

Do not marry that woman, that is a guaranteed divorce and alimony, she'll probably try to get pregnant first to get child support as well.

[Rocketmama0206]

Good God--it isn't just Americans...

[theproplady]

@Bisquack She's a Peg Bundy in the making.

[WizardRealms]

this is why when people ask me why don't i get a credit card or a student loan, i say NO, NO NO NO NO AND NO.

[WizardRealms]

there is so many people like THIS it's stupefying. we're all fucked.

[dochokeana]

There's also this whole belief that once the person is such and such an age they are legally "an adult". Maturity depends on the way the person was raised and what they were taught not just age. Yet the atmosphere is "shelter them then kick them out once they reach 18 or 21". The credit sharks are out to get them at that age because parents can no longer interfere (legally) and some don't feel like doing it. What else can you expect but reckless self-indulgence?

[dochokeana]

I wouldn't put 100% blame on these "adult kids". Let's think of the atmosphere they were raised in first. Parents and grandparents more concerned with "keeping up with the Jonses" than spending quality time with kids. They'd hand over that job to schools yet would refuse to fund them forcing schools to turn to corporations. Kids would be plunked in front of TVs to keep them quiet. It's time for a major overhaul of what it means to be a "family" as in people always where for each other.

[pierrepaul591]

Someone should slap that airhead girl, "weeeeeeeeeeeeeeeeeeeeeee!!!"

[TheChromelover]

I like the woman's confidence and independence at 02:25 . She says it is her bills, her money, her life. But I am sure she will run back to her parents when she cannot handle the debt mountain.

[moistfaucet]

don't blame the one that issue it, blame the one that use it.

[Supreme7198]

1:27. She is, hands down, the finest MORON ever.



[mightmagic962]

If you spent $1500 in one week in frivolous items - but only once in your life, I get that. But what on earth is she buying week after week that costs that much. People pay $1500 a week on rent, food, fuel, mortgage, child care, etc. She doesn't have any of it.