Younger generation 'should ask parents for credit crunch advice'
www.moneynews.co.uk > General finance > Younger generation 'should ask parents for credit crunch advice'
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Younger generation 'should ask parents for credit crunch advice'
Thu 7th Aug 2008
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Journalist Rosanna Spero said those in the upper age group had lived through the 1970s and 80s and have "seen this cycle time and time again, so they've had this experience."
She said the younger generation "would do well" to seek tips from parents and grandparents.
Psychologist Gladeana McMahon agreed, saying that while younger people might not wish to take all the advice they are given, modifying the tips could mean getting "the best of both worlds".
Both women were commenting after research by Lloyds TSB found that 43 per cent of the over-55s rated their life quality as high, compared to just over a third of those aged 16 to 44.
While every age group expressed concern about the current economic climate, the over-50s - who experienced the three-day week and recessions in the 1970s and 80s - were the least worried.
Related News : General finance |
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