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Nihilism, Futurist Traditionalism and Conservationism

The "Greatest Generation"

20 11 10 - 12:01

Uh, about that:


Nearly 40% of retired Americans said they've accumulated credit-card debt in their twilight years — and aren't worried about paying it off in their lifetime, according to a survey released by CESI Debt Solutions.

...

This may come as a surprise to younger generations who thought their parents, the so-called Greatest Generation, were more responsible than youngsters raised in an era of easy money, a culture of credit.

But remember that this is the generation that frowns upon talking about money — and certainly would be embarrassed by any potential money problems.

...

More than half of those surveyed had saved less than $50,000 — and many of that group said they'd saved absolutely nothing — yet they retired anyway. Just 4% said they had delayed their retirement due to debt.

"They get to a certain age and they feel privileged," Ellington said. "They say, 'I'm going to go on that trip even though I have to put it on my credit card.'" - USAT


The WWII generation, flush with cash from America's win by outnumbering the opposition in WWII, now show that they never were great -- there were just lots of them.

Just as the WWII generation in Russia left their country a ruin, the Americans are doing their best to do so as well.

Watch: the Baby Boomers will be worse. The Tea Partiers are the sane ones.

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