Recession scarring a generation
Chicago Tribune ^ | 12/23/09 | Gail Marks Jarvis
Posted on Thursday, December 24, 2009 8:04:34 AM by Krankor
After living through one of the most brutal recessions in U.S. history, many late teens and young adults could be scarred for life, adopting behaviors that could skew everything from their own careers to politics, corporate profits and the stock market.
(Excerpt) Read more at chicagotribune.com ...
--------------------------------------------------------------------------------
TOPICS: Business/Economy; Culture/Society
KEYWORDS: donttrustgovernment; everagain; nevertrustgovernment
--------------------------------------------------------------------------------
Romney's Legacy: Socialized Healthcare
RomneyCare
Free Republic's Rino Free America Project
Words fail me. This is, without a doubt, one of the most ridiculous articles I've ever read. Scarred for life? It's like some kind of Monty Python skit. Either the author is pulling our leg, or she's one of the biggest idiots in the country.
1 posted on Thursday, December 24, 2009 8:04:34 AM by Krankor
[ Post Reply | Private Reply | View Replies]
--------------------------------------------------------------------------------
To: Krankor
DOOM DOOM DOOM
2 posted on Thursday, December 24, 2009 8:06:46 AM by Col Frank Slade
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
They need to learn fiscal responsibility and stop this consumerism based on debt.
3 posted on Thursday, December 24, 2009 8:07:20 AM by kabar
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
This is series.
4 posted on Thursday, December 24, 2009 8:07:55 AM by kaehurowing
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
My mother never got over the Great Depression.
5 posted on Thursday, December 24, 2009 8:08:17 AM by SoCal Pubbie
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
In the immortal words of the Depression era folks to the new depression folks ... “Suck it up”
6 posted on Thursday, December 24, 2009 8:08:41 AM by Centurion2000 (Something is seriously wrong when the .gov plans to treat citizens worse than they treat terrorists)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Democrat party affiliated women and minorities hit hardest.
7 posted on Thursday, December 24, 2009 8:11:37 AM by EGPWS (Trust in God, question everyone else)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
My Mom and Dad lived through the GREAT Depression and they did quite well in life despite their experience....and perhaps even *because* of it.If kids of today learn thriftiness,hard work,delayed gratification,”the world don’t owe me a living” then they’ll be *better* off in the long run.
8 posted on Thursday, December 24, 2009 8:11:37 AM by Gay State Conservative (Host The Beer Summit-->Win The Nobel Peace Prize!)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: kabar
the little brats need a little hardship to keep them honest.
9 posted on Thursday, December 24, 2009 8:12:34 AM by mamelukesabre
[ Post Reply | Private Reply | To 3 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
the generation was ruined before it was born.
a little reality might be good for it.
10 posted on Thursday, December 24, 2009 8:14:00 AM by the invisib1e hand (markets don't fail. intervention does.)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Centurion2000
In the immortal words of the Depression era folks to the new depression folks ... “Suck it up”
Perfect!
Not a one of this generation knows of true suffering.
Like my parents, they left the depression in the '30's only to fight WWII in the '40's.
Yep, suck it up!
11 posted on Thursday, December 24, 2009 8:15:55 AM by EGPWS (Trust in God, question everyone else)
[ Post Reply | Private Reply | To 6 | View Replies]
--------------------------------------------------------------------------------
To: kaehurowing
12 posted on Thursday, December 24, 2009 8:17:04 AM by rarestia (Confutatis maledictis, voca me cum benedictis)
[ Post Reply | Private Reply | To 4 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Let’s consider some past hardships which certainly pale in comparison to the economic hardships endured by today’s 20 somethings:
US Civil War ?
Natural disasters ?
WW2 Holocaust ?
London blitz by Hitler?
Battle of Stalingrad ?
Hiroshima / Nagasaki ?
US/Soviet Cold War?
Cuban Missile Crisis ?
Kennedy/King assassinations?
Civil right riots ?
Fall of Berlin Wall ?
9/11/01 ?
Yeah, they must be scarred for life.
13 posted on Thursday, December 24, 2009 8:17:50 AM by Col Frank Slade
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: SoCal Pubbie
My mother never got over the Great Depression
That could mean many things.My folks "never got over it" either.A case in point....they always lived *well* below their means...particularly my Dad.My Dad,for example,always drove Oldsmobiles and wore Timex watches even though he could have afforded *much* better.That's the way many Depression era people lived.And I'm grateful beyond words that he taught *me* to live the same way.
14 posted on Thursday, December 24, 2009 8:18:28 AM by Gay State Conservative (Host The Beer Summit-->Win The Nobel Peace Prize!)
[ Post Reply | Private Reply | To 5 | View Replies]
--------------------------------------------------------------------------------
To: kabar
They need to learn fiscal responsibility and stop this consumerism based on debt.
Well like, I got my Ipod and my credit card went through and it was awesome, so there!
15 posted on Thursday, December 24, 2009 8:18:39 AM by EGPWS (Trust in God, question everyone else)
[ Post Reply | Private Reply | To 3 | View Replies]
--------------------------------------------------------------------------------
To: EGPWS
But then the monthly credit card bill came.
16 posted on Thursday, December 24, 2009 8:19:45 AM by kabar
[ Post Reply | Private Reply | To 15 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Like our grandparents, great grand parents, even our parents, were “scarred” by Roosevelts’ great depression-
they only went on to work hard, work honestly, and give birth to children who saved the world in her darkest hour
17 posted on Thursday, December 24, 2009 8:21:08 AM by silverleaf (More folks being invited to the White House for Holiday parties than are being sent to Afghanistan)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
There are kids today, who if the batteries prematurely died in their IPhones would need grief counseling. No wonder the Islamists are afraid of us.
18 posted on Thursday, December 24, 2009 8:21:11 AM by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Kids of the 30’s lived in shacks, with little food and material comforts.
When they became teenagers they were asked to go fight the Nazis and Japanese.
In the 50s they had to live with the threat of atomic war.
Kids today might only get one new mp3 player this year, and might have to share a computer with mommy and daddy.
A good recession builds character. I’m sitting this one out, but I hope my nephews learn some valuable lessons.
19 posted on Thursday, December 24, 2009 8:22:32 AM by VanDeKoik (Iran doesnt have a 2nd admendment. Ya see how that turned out?)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: kabar
But then the monthly credit card bill came.
Well like, that's why Obama has a stash, silly!
20 posted on Thursday, December 24, 2009 8:23:39 AM by EGPWS (Trust in God, question everyone else)
[ Post Reply | Private Reply | To 16 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
"Scarring a generation..."
What have we raised, a gaggle of boneless chickens?
The people who lived through, and were part of the great depression we later hailed as "The Greatest Generation", but this stuff today is "scarring a generation". I don't think so...in fact, it might just make them grow the hell up a little bit. A dose of reality never hurt anyone.
The "scar" - if there is to be one - is letting their pop culture ideology elect a communist to the White House. They will pay the price dearly for that one...this is one screw-up they can't blame on older, white, males.
A generation of slackers will spawn a generation of slaves...and those who do not fight back, become slaves...it's the nature and history of man to try and lord over other human beings.
This economy won't SCAR them near as much as all those piercings and tattoos...they cost a fortune. Maybe if they get hungry they can pawn the jewelry, and lick on the tattoos.
"VICTIM-HOOD IS KILLING AMERICA.".
21 posted on Thursday, December 24, 2009 8:23:51 AM by FrankR (obama was not an election, it was an INVASION of the United States.)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Welcome to obama’s “change” that ruin the lives of several generations to come.
22 posted on Thursday, December 24, 2009 8:28:00 AM by anglian
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
What are you talking about? There is no recession, don’t you know, Time Magazine and the AP told us the recession is SO OVER and we’re in the midst of some type of green shoot, boom recovery for which we can thank our current leaders and their wonderful policies. You wouldn’t know it from the stores I was in for Christmas shopping today; most were empty ‘cept for me and the sales folks and some are shutting down after the first of the year.
23 posted on Thursday, December 24, 2009 8:28:26 AM by laconic
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Yeah, sure. I remember reading stories about unemployed college graduates learning how to dumpster dive in the early 90s. Funny, a high percentage of those had degrees in things like Sociology and Woman’s Studies. Now those same kids probably hold down Government jobs and live in mini-Mansions with big screen TVs.
24 posted on Thursday, December 24, 2009 8:29:46 AM by rbg81 (DRAIN THE SWAMP!!)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Words fail me as well reading the comments on this thread from those on their self-professed throne. Not all kids from the generation this author talks about will be scared for life and most will survive without their iPod. Goodness people, not everyone that is not YOU is as bad as you make them out to be and I would guess, some of YOU are not all that as well. Disheartening!
25 posted on Thursday, December 24, 2009 8:31:11 AM by LuvFreeRepublic (Support our military or leave. I will help you pack BO!)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Scarred for life?
^^^^^^^^^^^^^^^^
Those who were the most emotionally and permanently scarred in the Great Depression were those who were in their late teens and early twenty when it hit. My mother and father were just 17 years old.
Everything they did throughout their lives was impacted by the Great Depression. My father died last March and Mom is an assisted living facility now. When we broke up their apartment we found balls of string, aluminum foil, rolls of old rubber bands, saved Christmas boxes and wrapping...etc.
26 posted on Thursday, December 24, 2009 8:31:54 AM by wintertime
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
The younger generation deserve suffering, misery and hardship. They are the ones who came out in droves with their tattoos and pierced eyebrows and pierced genitalia to vote for Obama because “black is cool” and “white is lame”
F*** the younger genrtation!!!! We ought to draft them all and teach them what country is all about.
27 posted on Thursday, December 24, 2009 8:37:41 AM by PawtucketPatriot71 (Emanuel and Axlerod- The new generations Haldeman and Ehlichman)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Oh, Pluseeeee cry me a river!!!
Most of these need a little “scarring for life”.
And they’ve not seen anything yet. Wait to effects of obamacare and cap&trade take effect, especially the unanticipated ones. We’ll be in a full blown depression for decades, if not outright civil war.
28 posted on Thursday, December 24, 2009 8:38:51 AM by lgjhn23
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Well the 70s recession made me realize democrats were morons. Everything has consequences.
29 posted on Thursday, December 24, 2009 8:40:18 AM by discostu (The Bluebird of Happiness long absent from his life, Ned is visited by the Chicken of Depression)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
When you don’t have a phone, TV, car, or more than 2 outfits of clothes, you’re starting to feel the squeeze of a depression.
When you have only one pair of shoes, you’re starting to feel it.
When you eat 2 meals a day and they’re both beans or rice, you’re getting there.
That’s what the Depression folks lived with. Until then, we’re just whiners.
30 posted on Thursday, December 24, 2009 8:40:24 AM by lurk
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Typical DBM, hand wringing, sob story, BS, POS, from mob central.
31 posted on Thursday, December 24, 2009 8:40:25 AM by rodguy911 (HOME OF THE FREE BECAUSE OF THE BRAVE--GO SARAHCUDA !!)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: wintertime
I know people who were young in the Depression, but were millionaires late in life, who still saved pieces of string and hung their clothes indoors to save using the drier. Many people got through the Depression because they were used to thrift. As for the hardships of the Depression, many of the early pioneers on the prairie (late 19th cent.) lived in dugouts in the earth or huts made of sod. They not only had no medical insurance, they often had no medical care, period. No electricity. No sewers. No tractors. No cars.
32 posted on Thursday, December 24, 2009 8:44:07 AM by hellbender
[ Post Reply | Private Reply | To 26 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
For the young, this recession will just go on, as it will turn from joblessnes to high taxes in order to pay for all the debt we incurred, and the obligations we have created from health care to SS.
33 posted on Thursday, December 24, 2009 8:46:16 AM by Vince Ferrer
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: SoCal Pubbie; Krankor
I heard a story of people who went through the Great Depression who kept every inch of twine they ever acquired; kept, flattened and stored every empty tin can they acquired; and generally didn’t buy any more than they absolutely had to. They basically lived like pack rats, supposedly because of the Great Depression. Close family member told me the story. He supposedly knew them.
34 posted on Thursday, December 24, 2009 8:50:07 AM by Hardastarboard (Maureen Dowd is right. I DON'T like our President's color. He's a Red.)
[ Post Reply | Private Reply | To 5 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
From the same webpage.
“Is the Sick Economy Hurting Your Breasts? You Tell Us” (Health.com)
It’s bizzaroworld!
It has arrived.
35 posted on Thursday, December 24, 2009 8:52:53 AM by right way right
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Scarred for life? More like a damned dose of reality similar to what I received as a late teen in the late 70’s.
You’ve had entire generations since then that have never known bad economic times.
36 posted on Thursday, December 24, 2009 8:58:39 AM by headstamp 2
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
They ain't seen nothing yet.
They're just waiting in line. Haven't even boarded the ride yet.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
37 posted on Thursday, December 24, 2009 9:01:45 AM by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Gay State Conservative
I’m grateful beyond words that he taught *me* to live the same way.
--------------------------------------------------------------------------------
All we had to do was pay attention and the lessons were there for most of with parents who lived through the great depression. I didn’t listen too well and had to learn some hard lessons but at least it did sink in finally and I made corrections early enough to live an affordable life, debt free giving the acquiring of things low priority. Living debt free is real freedom.
38 posted on Thursday, December 24, 2009 9:01:45 AM by Joan Kerrey (The bigger the government = The smaller the people)
[ Post Reply | Private Reply | To 14 | View Replies]
--------------------------------------------------------------------------------
To: mamelukesabre
"the little brats need a little hardship to keep them honest"
To you and I that makes perfect sense, but in the bizarro world that we now live in hardship only gives them an excuse to rob, pillage and plunder. I guess hard times only build character when you have some character upon which to build. These days there are so many young people that know nothing but "me, me, me".
My grandparents were dirt poor for the first half of their lives and they were the most upstanding people you could imagine, as were most folks of their generation. My late FIL and MIL lived through the Great Depression and were amongst the most frugal people I'll EVER know, even though they accumulated relative wealth during their lives.
39 posted on Thursday, December 24, 2009 9:02:19 AM by JustaDumbBlonde
[ Post Reply | Private Reply | To 9 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
“Academics are beginning to study the implications of the recent recession on the current generation of Americans that age, suggesting it may have much the same effect as how the Great Depression changed so many of the youth of the 1930s into conservative spenders and investors.”
Ha ha ha they are worried the “depression” they are causing with all their moronic legislation is going to cause today’s teenagers to become conservatives.
I hope they do become damaged because we need a young generation with a BACKBONE .
40 posted on Thursday, December 24, 2009 9:03:32 AM by Lera
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: EGPWS
"Not a one of this generation knows of true suffering."
And will call 911 if Burger King doesn't prepare the burger the way they wanted it.
41 posted on Thursday, December 24, 2009 9:03:55 AM by JustaDumbBlonde
[ Post Reply | Private Reply | To 11 | View Replies]
--------------------------------------------------------------------------------
To: JustaDumbBlonde
And will call 911 if Burger King doesn't prepare the burger the way they wanted it.
D@mn it, I want it MY WAY!!!
Car 54 where are you?
42 posted on Thursday, December 24, 2009 9:07:44 AM by EGPWS (Trust in God, question everyone else)
[ Post Reply | Private Reply | To 41 | View Replies]
--------------------------------------------------------------------------------
To: hellbender
I know people who were young in the Depression, but were millionaires late in life, who still saved pieces of string and hung their clothes indoors to save using the drier.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Yep! My parents were well off, but lived incredibly frugally. Gee! I walked around with holes in the soles of my shoes because they believed in one pair of school shoes a year! ( No exceptions for holes...Stuff cardboard in it!)
43 posted on Thursday, December 24, 2009 9:16:22 AM by wintertime
[ Post Reply | Private Reply | To 32 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Well, in all seriousness, let’s not forget that it is the same younger generation that is doing most of the fighting for us in Iraq and Afghanistan.
I salute THOSE youngsters.
People look back at the 1960’s and see a generation of protesting, dope smoking hippies and forget about all the noble young men from the same generation who gave their all in Vietnam. The number of men who proudly served in Vietnam is actually greater than all the dope smokers protesting from Berkeley to Woodstock.
44 posted on Thursday, December 24, 2009 9:16:29 AM by Alas Babylon!
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: Krankor
Are there enough councilors to handle the crisis?
45 posted on Thursday, December 24, 2009 9:20:36 AM by RobinOfKingston (Democrats, the party of evil. Republicans, the party of stupid.)
[ Post Reply | Private Reply | To 1 | View Replies]
--------------------------------------------------------------------------------
To: SoCal Pubbie
My mom too. She has two homes, a nice car, vacations, etc. Saves her plastic bread bags, barely used aluminum foil and rarely eats at a fast food joint. She’s in good stead for the coming depression.
46 posted on Thursday, December 24, 2009 9:23:31 AM by 21twelve (Drive Reality out with a pitchfork if you want , it always comes back.)
[ Post Reply | Private Reply | To 5 | View Replies]
--------------------------------------------------------------------------------
To: lurk
When you have only one pair of shoes, you’re starting to feel it.
When you eat 2 meals a day and they’re both beans or rice, you’re getting there.
--------------------------------------------------------------------------------
I know folks who grew up in families where all the girls shared a pair of shoes and had to take turns going to church or to town or to school. Others who cannot even look at a pancake today, because that was what they ate, 3 meals a day, for weeks at a time. They did have homemade butter and they sugared, so they had maple. The boys would be given one bullet in the morning and if they didn’t shoot something, there was no meat.
I’m a War Baby, raised by Depression survivors, with grandparents who escaped Eastern Europe at the turn of the twentieth century, as teenagers. In my youth, I knew refugees from Warsaw and later on, I had classmates from Hungary, in the mid-1950s.
Every one of these people was a treasure house of knowledge and wisdom and yet, they were simply average folks. Not one of them ever whined. While everyone carries *scars*, when I think back on all these people, they all had a glow about them. They were happy, for the most part. They knew they had survived before and they would survive again. Present them with a tough situation and they would get busy doing something to make it a bit better, even something small and very, very local.
These are tough times, but far from scar-inducing.
47 posted on Thursday, December 24, 2009 9:24:02 AM by reformedliberal
[ Post Reply | Private Reply | To 30 | View Replies]
--------------------------------------------------------------------------------
To: headstamp 2
Same here. I still have a few bad flashbacks of coming out of college, full of student loans and into the Carter years. It absolutely affected me but ultimately in good ways. You learn to make do and get by with nada for awhile. Helps prepare you for later downturns. Plus, it was completely uncommon for young people to have credit cards to depend upon back then. Pay as you go and no go if you didn’t have it.
48 posted on Thursday, December 24, 2009 9:26:25 AM by Irishgirl
[ Post Reply | Private Reply | To 36 | View Replies]
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
Free Republic
Browse · Search News/Activism
Topics · Post Article
--------------------------------------------------------------------------------
FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson
http://www.chicagotribune.com/business/yourmoney/chi-tc-biz-cover2lede-gail-1223dec23,0,115066.column
Thursday, December 24, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment