USA Today Article: Millennials Are Reordering Their Values Due to Changes in the Economy

Those just starting out find the game changed is the front page article of USA Today this morning.

The article discusses how the downturn has changed the lives of Generation Y, and they are reordering their values as a result.

Michael Bradley, an adolescent psychologist in Philadelphia calls this “The end of the Disney World”.

The thing that I find interesting is that so much focus has been put on Generation Y and calling them Generation Debt, etc.  The fact is that Baby Boomers (and I am a Boomer) are honestly the ones responsible for our current situation.  Gen Ys have been coming into our workforce over the last five years, and of course they are experiencing a rude awakening.  Their Boomer parents handed them life on a silver platter and a few platinum visa cards along with it.

I do see Millennials changing.  They are downsizing, out beating the pavement looking for work, and they are finding creative ways to save $$$.  The people I don’t see changing are the Boomers.  Many are out of work, but just yesterday, I was in Best Buy, and I heard a Boomer tell an associate he was out of work, so he said “To hell with it…I’m going to buy a big ass HD television” and I sat and watched as his Master Card charged up over $2500 for a television.

I would love to hear from some Gen Ys on this article and how you are changing your priorities and lifestyle to address our current economy.  We can all learn from what you are doing!

Read the full article here.