25 May 2011

Current Generation Don’t Understand The Meaning Of Money

Will the current generation of university graduates ever be financially independent? Worryingly, many commentators think not.
The current generation of graduates have got so used to the financial support of their parents that they could not do without it.

Where financial support ended at employment for the previous generation, now children expect their salaries to be topped up by their parents.

Research carried out recently has shown that children, far from becoming less of a drain on their parents’ resources on leaving school become even more of a financial millstone.

In the current economic climate many parents’ finances are already squeezed to bursting point yet they still feel the duty to help their children out.

The generation labelled the “coping generation” has spawned a generation of takers. The question is when do parents say no?

It appears that parents set themselves no boundaries when it comes to providing for their children, they will even push themselves into debt.

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