Tuesday, March 27, 2012

Blame the Baby Boomers


Generation Y/Why, Millennia’s, Facebook Generation has recently been taken a lot of flack about being a lazy generation.  This Boomerang generation although educated are predominately unemployed.  According to a recent article in CNN 85% of college graduates choose to delay adulthood and move in with their parents (Source: http://money.cnn.com/2010/10/14/pf/boomerang_kids_move_home/) 

It does make financial sense to move back in with M/D to payoff dep’t and create an emergency fund the problem is when is enough, enough. 

As outlined in http://20somethingfinance.com/moving-in-with-parents/ the three virtues not being demonstrated by these individuals are: responsibility, urgency, and self-respect.

Let me pause there… I believe society blames these young individuals for their predicament.  What everyone fails to see is the parents’ generation yes those Baby Boomers are one again responsible for allowing this post-adolescence period to occur.  I think is safe to say that for the first time in a long time an offspring’s generation will be less privileged than the one before it.




Look into the eyes of the victim.  It is not a man but a boy in a man’s body there.  21-25 is by no means a responsible adult, heck I see 25-35 year olds act with the financial and problem solving judgment of a teenager. It is the parents fault because of the values instilled in the child.  We need a little more tough love/personal accountability and less bailouts.

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