http://www.borderwatch.com.au/archives/1835 Regional newspaper serving Mount Gambier and the Limestone Coast Thu, 04 Mar 2010 23:17:23 +0000 hourly 1 http://www.borderwatch.com.au/archives/1835/comment-page-1#comment-2439 pete Mon, 24 Nov 2008 23:50:47 +0000 http://www.borderwatch.com.au/?p=1835#comment-2439 The reporters off the cuff comments of 'with little debt' shows lack of research or objectivity with in regards to this issue. The Gen Y are actually in huge debt and as someoene who works in human services I, and my workmates see the reality. Many Gen Y have no money or savings, massive mobile phone bill debts, credit cards, utility bills and have purchased vehicles out of their means. Many Uni studies and reports have shown just how bad Gen Y is when it comes to debt. They are care free and not worried because there attitude is "what's a a bit more - it wont hurt" or they only focus on the minimum payment sideof things. While the Govt. is telling people to spend and people begin marketing, my organisation is recieving booklets and posters telling young people to slowdown and stop. Instead of buying a playstation that will be worth $50 to a pawn broker in 8 months, use the money to pay rent in advance, pay off all current utility bills, pay an applicaition fee for a course to help empoyment chances later in life. The reporter missed several key points. Gen Y is flat broke in debt with agencies flooded daily across the nation with young people declaring bankrupt at an alarming rate and she also missed the attitudes behind thier comments and action towards debt and materialism. This is the real story, the real exegesis. I suspect the reporter is gen y person herself. The reporters off the cuff comments of ‘with little debt’ shows lack of research or objectivity with in regards to this issue. The Gen Y are actually in huge debt and as someoene who works in human services I, and my workmates see the reality. Many Gen Y have no money or savings, massive mobile phone bill debts, credit cards, utility bills and have purchased vehicles out of their means. Many Uni studies and reports have shown just how bad Gen Y is when it comes to debt. They are care free and not worried because there attitude is “what’s a a bit more — it wont hurt” or they only focus on the minimum payment sideof things. While the Govt. is telling people to spend and people begin marketing, my organisation is recieving booklets and posters telling young people to slowdown and stop. Instead of buying a playstation that will be worth $50 to a pawn broker in 8 months, use the money to pay rent in advance, pay off all current utility bills, pay an applicaition fee for a course to help empoyment chances later in life.
The reporter missed several key points. Gen Y is flat broke in debt with agencies flooded daily across the nation with young people declaring bankrupt at an alarming rate and she also missed the attitudes behind thier comments and action towards debt and materialism. This is the real story, the real exegesis. I suspect the reporter is gen y person herself.

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