1. Tuesday, February 26, 2013 - 11:06 AM
Maybe that's because most of "the Millennials" don't have job security. Young people today are having a far tougher time finding full-time jobs that are not just short-term contract positions. In deciding to postpone major purchases, their feelings about "the long-term outlook for the economy" probably do not play as large a role as their commendably prudent desire to avoid getting into debt.
16 posts since
Feb 7, 2012
Rep Points: 136
2. Tuesday, February 26, 2013 - 11:50 AM
I don't see a lot of job security in any group.
As for taking on debt, I've never been a member of the "debt is bad" party. There is no one-size-fits-all-answer, but taking on debt is sometimes inevitable (a desire to acquire the latest gadget or to keep up with the proverbial Joneses is not an "inevitable" situation) and if done for prudent reasons is not necessarily bad IMO. I also commend those who can minimize it, avoid it altogether, and/or shed it quickly.
1,338 posts since
Nov 2, 2010
Rep Points: 5,848