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Generation Debt Financially, things are dramatically different for the current post-college generation, according to journalist Anya Kamenetz, who is a member of what she calls generation debt. While their parents nurtured hope for the American Dream, today`s generation faces low wages, high college-loan debt, the disappearance of pensions, nationwide loan and the diminishment of job benefits such as health coverage. Another big problem is the looming crisis in Social Security caused by the large numbers of baby boomers who are nearing retirement age: who will fund them but the under-35 work force? Kamenetz`s research includes well-chosen statistics along with anecdotes from middle-class people nationwide that illustrate how bleak the present nationwide loan and future are. One troubling sign is that generation debt is skittish about marriage nationwide loan and family. Worst of all, it seems that the young do not have a voice to equal, for example, the AARP, which advocates for seniors. Writing for citizens of all generations, Kamenetz hopes that her book will put this problem on the political radar, nationwide loan and she offers specific advice on how citizens can work for positive change. Copyright (C) Muze Inc. 2005. For personal use only. All rights reserved.
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