August 26, 2008
Is Generation 0Y0 In A Deeper Financial Mess Than Any Generation Before?
Calgary, Canada 0 A Harris Interactive study finds 40-percent of recent college graduates have over $10-thousand dollars in student loan debt. Over 20-percent owe more than $5-thousand dollars on credit cards before age 25.
The self-proclaimed Financial Voice for Generation 0Y0, James White, says there0s still time to guide our young people away from dollar-disaster. White is a 23-year-old self-made millionaire, the owner of an international empire, a motivational speaker and author of the new book 0My First Million0 (Greenleaf Book Group Press 2008).
0Generation 0Y0 is in some serious money trouble,0 says White. 0My age group spends tens of thousands of dollars to go to college and then owes thousands of dollars more in student loans and credit cards before they get their first paycheck.0
Teenagers and young adults are growing up at a different time of history than their parents or grandparents. They are not growing up in 0the greatest generation0 of depression-fueled frugal spenders. They are not coming of age in the baby boomer 0me0 generation of spendthrifts that use credit to spend without consequence. This group of young adults is watching the American economy hover near recession. Generation 0Y0 […]
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