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Old 11-15-08, 08:38 AM   #7
Konovalov
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Join Date: Sep 2002
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Read this article in the SMH today.

Quote:
THE children of the economic boom, generation Y, are about to get a reality wake-up call.

As the Reserve Bank of Australia downgraded its expectations for growth last week and the sharemarket reflected growing fears of a recession, the next 12 months threatens to be a new world for young workers, warn pundits.

Demographer Bernard Salt said an economic downturn will prove a turning point for those aged between 15 and 30 as fewer job options in a contracting economy force them to make compromises for the first time.
This could be the best thing to happen to the generation Y group. They really need a wakeup call considering their I want eveything now mentality be it fancy clothing, electronics, high powered and paying jobs at the age of 18-19 and so on. Hopefully they will wake up and smell the roses that you can't live life forever on loose credit.

I am a generation X guy for the record.
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