Generation Debt: How Our Future Was Sold Out

Friday, November 14, 2008, 2:13 AM | Leave Comment

I just finished reading a book called Generation Debt: How Our Future Was Sold Out for Student Loans, Bad Jobs, NoBenefits, and Tax Cuts for Rich Geezers–And How to Fight Back (Paperback) by Anya Kamenetz. It’s a very interesting and educational book.

I thought it was fitting that I mentioned it here.

Anya writes about the hardships and startling range of economic upheavals facing people in their 20s and 30s.

The soaring student loan and credit card debt is so out of control and the bombardment of the credit card advertisement tailored specifically to the student body is way out of proportion.

She further writes about surfing an increasingly uncertain job market, not only with stagnant wages but without health benefits or pension plans either.

The college graduates are fighting international competition; and facing the economic risks of baby boomers’ retirement.

She argues for young people to protect themselves through personal financial mastery and political savvy.

At the same time, Anya is inspired by this generation’s idealism, passion, networking genius, and commitment to work-life balance.

Anya Kamenetz is a 27-year-old journalist, author, and blogger. She is a staff writer at Fast Company magazine.

In 2004, the Village Voice nominated her for a Pulitzer Prize in feature writing for her work on the series “Generation Debt: The New Economics of Being Young.”

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