Effects of recession - The Kids Will Be Different

Friday, October 29, 2010

Have you thought about what our children will think this recession? Do not you wish you could supply a survivor of the 1930 Depression-era speak about their experiences? If it is old enough to understand what his family before the fall of '29, these "survivors" of 90 years old today would probably be born before 1920. It 's more likely to be a history of second-hand ... perhaps from your parents.

In a strange, but theWho gives them the second-hand version of the story I would say event of his life a changing world. This could be the story of man landing on the moon, or a Beatles concert. Perhaps his story to the favorite for a family trip across the country in Yosemite Park or Disney World. The tour will be as simple as a family tradition for the Thanksgiving holiday.

If you find the 90 + person to talk about their lives, they areTell them how to see their parents go through difficult times during the depression has changed. As a result, have spent their life doing that their children never see that happen again. They lived an austere life, telling stories to their children about the grasshopper and the ant, the promotion of hard work and savings as the ant. The next generation, born around 1945, he worked hard and developed the magical world of radio, television, computer,and the Internet. Do not forget, they also provide a man on the moon.

And what did the special tour of the next generation to give their children? For most of these children, born around 1970, the news is The World Is Yours! Conspicuous consumption that have been born in a better world. By the time he graduated high school, has a color TV in every home. interstate highways have made it easy to take the family cross-country for the holidays.They were introduced to computers ("Remember the Commodore 64?) For the game, and later to work.

For children born in 1970 traveling on a jet to visit her grandmother was nothing special, although his grandmother. And when she was just starting out, have their children around 1995, these were the new parents with cell phones, had two cars in the garage, listening to music and fantastic on small systems with their own headphones. They bought rugs from Pakistan and toys from China.In winter, fresh fruit from South American countries, where it was purchased the summer imported. In fact, they knew the world was theirs. And as medicine and health has also improved along the way, were his parents still live there and encourage them to enjoy what they were doing.

This brings us to 2008. Have you noticed that your generation is in this story? You know what happens next? This is the part where the mostto tell these stories is Humpty Dumpty. The wall came down our economy, and all the kings horses and all the king's men are doing their best to restore our economy together.

Children born in 1995 can not, unlike the changes as our world, living in a dream state to visit - where we can use a credit card, what we want, where the houses smaller than 3,000 square feet to as "small "and where we make sure that every child who comes totheir team gets a trophy game - something much more prosaic.

The children you see around you today, while our banking system begins to look more adult as it did in 1970. And the importance of repairing the infrastructure of our country will see, after decades of deferred maintenance. The challenge will be to find a way to enter the world's appetite for electricity and travel assistance. He wants to understand the medical care is a scarce resource,and that a therapy known does not mean everyone is entitled to receive treatment.

Yes, these children are different. You will not really know who are different from those who came before them, because they are not anything to compare it. But parents and grandparents of these children may have difficulty adjusting to their vision of children. We adults know the difference between the world as it was ten years ago and what it is today. TenYears we had was the World Trade Center and our economy (well, at least the stock market) was only the suffering of irrational exuberance.

What we need to teach these children? I do not know I know, I'm here. But I would not be surprised if they turn around and ask us to see it their way and help them, our country and the world a better place in the eye. If this happens, I want you to know that the tools at their disposal, asand how to use them, were part of the dream of their parents and grandparents to watch.

James W. Stone lives in the Chicago area. Talk to manage your lifestyle and your money. His particular interest is the way in which decisions about money and spending. Http: / / www.jameswstone.com

Copyright 2009, James W. Stone, all rights reserved worldwide.

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