Thursday, April 05, 2007

What We're Reading: Generation Debt

I know what you're thinking: "She's not going to recommend I read a boring book on debt, is she?" Yes, yes I am. Also, for the record, it's not boring. In Generation Debt : Why Now is a Terrible Time to be Young, Anya Kamenetz discusses a new generation that have stalled somewhere on the road to adulthood. Some would argue that they are lazy and unambitious. Many of these 20 and 30-somethings may even settle back into the empty nest, to the shock and chagrin of their parents. However, Kamenetz paints a different and sobering picture. She speaks with a number of people in this age group who are facing very real economic pressures in the form of massive debt, student loans, and a seemingly endless cycle of low-paying jobs. Is it their own fault, or is the deck already stacked against them from the beginning? It's a truly fascinating book, and she has a truly fascinating blog of the same name.

Also, if you're about to go to college or have a child nearing this age, you owe it to yourself to read the book and keep an eye on her blog. It has all the information the financial aid advisor or bank lender WON'T tell you...

No comments: