What I find interesting, is that Gen Y is back to the cycle of their Great Grandparents the Matures, where they want to simply live by 'managing income/expenses to live within means', and they are far more confident in their ability to do this, but isn't that part of youth?
Either way, the Gex X generation sought to live like their parents - the Boomers, but had to do so in many situations by using credit. Gen Y views the Gen X living beyond their means and decides to focus on living within their means, and the cycle of expansion and contraction continues. Wonder if there is a version of this playing out in the Government, but maybe with more denial.
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