WnyeFool:I see the next generation as a mixed bag. Some are spending wildly but more are Fiscal Conservatives. More are at least talking about the future and investing than my generation ever did. Savings rates in this country are low until you consider 401K,403B,IRA's and Roth's and the equity building in the houses being purchased. I don't like the trend toward 40-50 year house mortgages and 7-10 year car mortgages but they will figure it out.....we did didn't we? Anyway, the kids today will be fine and will learn their lessons by considering the stupid things we did. Just like we learned from our parents.Thanks for the thoughtful post. Actually, I think you're right. Hey, we figured it out, as have so many generations before us, and so will the next generations.At least some people will. Some people will always end up screwing themselves up, of course -- the grasshoppers and the ants!Vermonter
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