Do 20-something’s have it tougher today than they did 25-30 years ago? Rob Carrick wrote a column in the Globe and Mail looking at the economic situation of today’s young adults compared to back in 1984, when he graduated. He notes that tuition, cars and house prices have increased far beyond the typical 2% annual inflation, and that it’s tougher today for young graduates to find a job.
The current economic climate certainly makes it difficult for young people to get ahead financially. I think the entrepreneurs and people willing to work a second job or side business will be the ones that thrive in the next few decades.
Here are a few other interesting personal finance articles from this week around the blogosphere:
- Thirty Six Months looks at ethical consumerism in Companies with a Heart
- Financial Highway asks How Much Can You Really Save by Penny Pinching?
- My Wife Quit Her Job explains How to Prevent Yourself From Becoming Obsolete
- Free From Broke explains how you can Use Alternative Housing Arrangements and Save on Your Next Vacation
- Million Dollar Journey asks Are You Ready to be a Homeowner?
- Rewards Cards Canada tells us Why Cash Back Beats Travel Rewards
- My Own Advisor explains his struggle with GDSR and TDSR terms
- Planting Money Seeds lists the 5 Biggest Lies Freelance Clients Could Be Telling You
- My University Money looks at the upward/downward spiral of Lifestyle Inflation
- Oblivious Investor explains How to Leave Your Broker
Have a great weekend, everyone!