Historical perspective needed for "generation debt"?

Published: October 29, 2007, 2:05 pm

Tags: black tuesday, blacktuesday, generation debt, generationdebt, now is the worst time to be young, nowistheworsttimetobeyoung, stock market crash, stockmarketcrash, the great depression, thegreatdepression

Filed under: Lifestyle, Media, College, Parent rants, Books, In the NewsOften a little historical perspective helps a person realize things aren't so very bad. When I get annoyed that my computer is running slow, thinking of my grandmother's story about the day their little house was wired for electricity makes me realize how very good I have it. I haven't read Generation Debt: Why Now is the Worst Time to be Young by Anya Kamenetz, so it might be a brilliant book. Summaries say that Kamenetz addresses a startling range of economic upheavals facing young people in their 20s and 30s: the rising cost of higher education, soaring student loan and credit card debt, stagnant earnings in an increasingly uncertain job market, international competition and the economic threat posed by the Boomer's retirement. What caught my eye was the subtitle. How can anyone think now is the worst time to be young?! Today is the anniversary of Black Tuesday, the day in 1929 that the stock market

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