Generation Debt - 60 minutes 5-10-2008 pt2 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

[econom1cs]

Poor Possum is her stripper name

[erikinhawaii]

Here in Hawaii, it freaks me out seeing these pimply-faced hip hop kids that are 140 pounds driving around brand new cars. These kids have no clue, dumb as rocks ! KIds here watch too much TV and try to emulate rap stars and just like GARGOOLA2 said it took their parents 50 years. I personally think the youth in the US are very ignorant, stupid and uneducated when compared to their counterparts in other countries. Don't get mad, it is just my opinion. Aloha and keep shopping Sheeple !

[dochokeana]

@hidefwater Their parents and attitudes of other adults who were supposed to be their examples. What did they do? Indulged in "it's all about me, money can buy happiness, money is everything". Instead of teaching their kids the value of money they themselves relied on credit cards for self-indulgence. Thankfully not everyone did it but a tad too many

[moistfaucet]

wait until they could not pay the Debt. then they realize they have been screw up in the beginning.

[unbrokenworld]

Okay, seriously. I just graduated from college, and I travelled a lot in the summer, but I did it with money I already had!! I didn't dig myself into debt for it! That's just crazy!!!

[Ozipeter]

Women buy clothes things they dont need to attract guys they dont like , great life, its all about me...

[avidalocan]

This show is lets every materialistic American know that they are most definitely not the only ones.

[gargantuandick]

@lsnows

This isn't entirely correct. Western imperialism has always raped and altered 'human nature' in communities that weren't as materialistic.

[gargantuandick]

she wouldn't make any money as a stripper.

[hidefwater]

The fuck is wrong with kids these days?

[81broncoman]

When I was 18 a Bank of America employee at my university mall offered me a real credit card. Not debit or check card, $10,000 in credit right off the bat. I filled out a form, left it with him, and a week later my credit card arrived in the mail. No I didn't overspend, i set it up so I paid it off automatically every month, but God I know hundreds of people who would have. My dad's first credit card was a JC Penny's card at age 27 with a full time job. How the value of money has changed

[mozaks80]

And i need to watch this video again, still seems obvious that these kids should know better, if they dont know the risks of the short term high interest high risk loan that a credit card offers, then don't get one, simple. Greed and impatience can't be blamed on others.