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Generation Debt: Why Now Is A Terrible Time To Be Young
by Anya Kamenetz
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  • in Dix Hills
    Worth consuming!

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Sarah
Dix Hills

"Generation Debt" — 2 years ago

WORTH CONSUMING!

A well-researched and well-written account of all the changes in our society that are working against young people and negatively affecting our chances of buying homes, becoming financially stable, saving enough for retirement, etc. This was actually rather depressing, overall, but I think it’s extremely important to know what we’re up against.

I was particularly interested in the catch-22 of the marriage question. It is financially difficult for most people of our generation to even think about getting married, having a family, owning a home, paying off 2 sets of student loans, etc., and yet people who don’t get married are not able to put away enough money to retire on, over 70% of the time, because the state of our economy makes it almost necessary to have 2 incomes in order to attain the middle-class American dream.


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