Millennial teens' confidence plummets over their financial future

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  • Redshirt1701 Deep Space 9, Ut
    April 20, 2012 9:19 a.m.

    To "Mark B" did you see the report that the CBO put out recently? Food stamps have had a 70% incrase since 2007. Don't you think that nearly doubling the use of a welfare program in 5 years is a bad thing?

    You should also realize that since minimum wage laws have been in effect that they have in no way helped the poor, but have actually caused more unemployment.

    You, and your ilk complain about "trickle down economics", while begging for "tricle down economics" but from the government accounts rather than your employers. One requires that you work, the other requires slothfulness.

    What is wrong with telling our youth that the government will enslave them, and is the biggest impediment to prosperity?

    What have Unions done in the last 50 years? Outside of unions for dangerous jobs such as mining or railroads, what have they done that is good for the nation?

  • Mark B Eureka, CA
    April 19, 2012 4:29 p.m.

    Redshirt's suggestion for the young people's plea to government is pretty amazing. "Rip away, please. all the remaining threads of the social safety net, sirs. Abolish the minimum wage, and take away the things that were meant to guarantee clean air, pure water, healthy food, safe workplaces, fair financial services and a decent place to live. Let my wise bosses scream to retain every nickel so that I may wait, probably in vain, for a few coppers to trickle down to me. But let my wages drift to the levels of China in order that my employer stays here. Help my insurance company to jack my premiums by double digits every year, and open the doors for them to deny my pitiful claims. Protect us from being able to engage in collective bargaining. Do all this, kind sirs, that we, the nation's feckless young people, may be saved from socialism."

  • Redshirt1701 Deep Space 9, Ut
    April 19, 2012 3:41 p.m.

    To "atl134" lucky for me, the progressive and conservative websites all agree that Bush was a progressive.

    From Forbes we read "The Bush Income Tax Cuts Were (Very Mildly) Progressive", apparently his tax cuts were following progressive Keynes ideology.

    From the CATO institute and their article "Progressive President", published in 2004, Bush is a progressive.

    From the Daily Kos, in the article "Bush's Progressive Accomplishments (Or why your Lists of Obama's Accomplishmetns Don't Convince me" we learn that Bush had a lot of Progressive policies. Granted they don't want to call him a progressive, but when they can pull a list of 50 Progressive policies together, it sure raises the question.

    Here is something that your ilk never considers. Bush's policies and Obama's policies are nearly identicle, except in magnitude. So, if Obama can be called a Progressive because of his policies, why can't Bush also be called a Progressive because of the same policies?

  • atl134 Salt Lake City, UT
    April 19, 2012 2:19 p.m.

    "yes Bush was a Progressive"

    No he wasn't. I am a Progressive and I strongly disagree with Bush's policies on most issues. You just realize Bush was a lousy president and want to pawn him off on the other team.

  • Redshirt1701 Deep Space 9, Ut
    April 19, 2012 11:56 a.m.

    To "Eric Greene" the generation that incurred the greatest amount of debt is still accumulating it. Over the past 10 years we have added over $10 Trillion to the national debt, with half of that being added in the past 3 years.

    It is your generation that can do something about it by demanding that the government cut entitlement programs, cut the welfare state, and get out of the way so that businesses can get producing without "Big Brother" micromanaging them.

    The path to socialism will bring economic and social ruin. Encourage your friends to embrace freedom and to avoid the pitfalls of tyrany under socialism.

    This is the face of the "Hope and Change" that Progressivism brings (yes Bush was a Progressive).

  • Eric Greene Holladay, UT
    April 19, 2012 10:33 a.m.

    "older investors believe it will be more difficult for future generations to achieve the American Dream. For example, more than three-quarters of investors under 40 share this more pessimistic outlook vs. 87 percent of seniors over 60."

    Interesting that the generations that incurred the greatest amount of national debt in terms of when it was accumulated, are also the ones that are most pessimistic about the future prosperity.

    Could it be that you spent your children's prosperity?

    As a 20-something, I believe even with a higher education than my parents that I will still be below their comparable standard of living. With the unsustainable debts and wars that continue to rack up incomprehensible amounts of debt, the day of reckoning will come, and it will hit those who had nothing to do with creating the debt.

    Funny how that works.

  • Ultra Bob Cottonwood Heights, UT
    April 19, 2012 10:17 a.m.

    Seems logical to me that the business world would blame every one except themselves for the lack of confidence in our economic future.

    The real reason for the lack of confidence is the unfair and improper business tactics the OWS was protesting along with the looming total control of our government by the business interests.

    Such events as the Supreme Court decision, the Tea Party success, and the clamor limit and weaken our government while removing the controls on business, are the true sponsors of pessimism.

  • Claudio Springville, Ut
    April 19, 2012 9:34 a.m.

    It should be noted that the results from a study like this is often questionable. When you ask a teen about whether they know how to balance a checkbook, check a bank statement for accuracy or manage a credit card account, they're probably going to answer no. The problem isn't that they don't know how to do these things, it's that they don't know that they do. None of the things described are difficult and I'm certain virtually every 18 year old not only can do it; they probably already have but just haven't been told that this was what they were doing. They shouldn't be ridiculed when the findings are actually inconclusive.

    That doesn't mean that parents can't teach their children more. Hiding financial woes from teenagers and children doesn't help anyone or protect them. It usually does exactly the opposite.