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Post by unlawflcombatnt on Mar 11, 2012 11:28:16 GMT -6
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Post by jeffolie on Mar 11, 2012 20:51:22 GMT -6
Good graphs/graphics that tell the story of how the current younger generation is off to a slow, bogged down financial start compared to my generations start at their age range. It may well result in today's younger generation not becoming more sucessful financially than our, Boomer generation if the trend continues. The funny thing about trends is that they rarely continue in a straight line without change for either the better, worse and/or a rollercoaster ride. Most 80 year periods of American history feature horrible financial times as well as glorious financial times. This younger generation now faces increased debt burden during a stagnant, slow or declining period which if history serves as a guide then this slow, declining, stagnant period will continue for another 10 years to be followed by war and then 30 years of continuous growth. If this younger generation faces increased debt burden during a stagnant, slow or declining period which if history serves as a guide then this slow, declining, stagnant period will continue for another 10 years. If so, this younger generation may well be similar to others that have been called the 'lost generation'. The 10 years is not a certain period but similar to the Great Depression generation. A worse period approached 30 years from 1870 to 1900. Japan now is 23 years into a similar decline and cultural decline plus a population decline similar to Russia [see my Japan is dying threads unlawflcombatnt.proboards.com/index.cgi?board=globalization&action=display&thread=10359 ].
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