Thursday, May 20, 2010

Gen Y's Money Crisis


For the first time in over a century, we have a generation that's not expected to do as well financially as their parents. 

FACT:
The average college grad today has over $23,000 in student loan debt, up 25% from 2004.

FACT:
Only 30% of today's twenty-somethings are building an emergency fund, while 43% are continuing to increase credit card debt.

FACT:
60% of Gen Y workers have already cashed out their 401(k) retirement plans because they've changed or lost their jobs.

Click here and here to find out why this matters to you.  Those you love.  The future of our country ... and yes, the Church.

The writer of Proverbs mused, "One man pretends to be rich, yet has nothing ..." {Proverbs 13:7}.

Linda

2 comments:

  1. Hey! This applies to me! My hubby and I are Gen Y-ers. BUT... we're debt free! And have an emergency fund! And we love Dave Ramsey, because practical advice goes a long way!

    ReplyDelete
  2. Yes! Dave Ramsey's approach is solid, workable, life-changing! What impacted you most?

    ReplyDelete

Welcome to the table, friend!

This is where we gather and hang out. I'd love for you to pull up a chair and jump right into the conversation. Or simply say 'hello.'

l'll be dropping in to visit you sometime soon ...

Linda

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