Credit Nation

People born between 1980 and 2000. According to new Demos report, this generation is to be the first in a century, that is unlikely to end up better off financially than their parents. The crazy part is, that even though 18.8 percent of workers under 25 are unemployed, and that 20 percent carry a balance of more than 10,000 in credit card debt, and that doesn't include college loans, they're also, spending more this year, than they did last year. So are we too far gone to learn our lesson and cut up our plastic? Alyona and Kyle Cheromcha an NYU Student and writer for NYU's blog NYU Local.

Category:

News & Politics

Tags:

• Alyona
• The Alyona Show
• Alyona Minkovski
• credit
• debt
• generation y
• gen y
• finance
• unemployment
• college loans
• credit card
• NYU
• Kyle Cheromcha
• NYU Local
• 4-28-2010

[Dyhalto10]

Setting the stage for the final battle. The People vs The Bankers.

[BITARTEN]

The end of Rome

[cheetoe80]

Our generation is scewed

[LibertaerUeberAlles]

No more bogus explanations and discussions. Support Ron Paul's

HR 4248, Free Competition in Currency Act !!

End the Fed!