Author Topic: Baby Boomers vs Current Generation  (Read 853 times)

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Offline Matthew

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Baby Boomers vs Current Generation
« on: October 25, 2012, 05:44:35 PM »
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  • I'll get us started:

    The first item is the "Baby Boomer way" of doing things; then a dash, then the current generation's alternative.

    Baby Boomer way - Current generation's tendency or alternative


    30-year Mortgage - Save up and buy house/rent/pay off mortgage early
    Credit Cards - Debt-free living, Dave Ramsey
    College education - Apprenticeship/self-study/learn online
    3 or 4 children - More children (trad. Catholics)
    Formula feeding - Breastfeeding
    Cry it out - Attachment parenting/Baby wearing
    Baby's 1st food at 4 months - Extended Breastfeeding
    Crib at 4 months - Co-sleeping
    Public School - Homeschool
    Processed/frozen/convenience food - Organic, GMO-free, healthy food
    Dad goes off to work all day - Work from home/multiple part-time jobs
    Belief in the Stock Market - Complete lack of faith in the Stock Market, buy Gold/Silver
    Hope of SS, pension, retirement - Have enough kids to support you, and/or just hope and pray!
    Magazine Subscriptions - Internet
    Cable TV - Internet, NetFlix, Youtube
    Donate stuff to Goodwill - Sell it on Craigslist, eBay
    Buy or Lease a new vehicle every 4 years - Buy one used vehicle and drive it until it dies
    Car is a sex/status symbol - Car is basic transportation; a depreciating asset; a necessary evil
    Insurance for everything - Insurance when required by law
    Keep financial, health matters private, even from family - Post extremely detailed personal monthly budget, including what you ate for lunch, on your "Getting out of debt" blog
    Privacy extremely important - Who cares about privacy?
    Views Internet with apprehension, suspicion - Met spouse on Internet
    Buy household items at department store - Buy everything possible on Amazon.com or other online venue
    Buy lots of toys, electronic gizmos for children - Let kids play outside, play with old-fashioned toys
    Start your Amazon.com session by clicking this link, and my family and I get a commission on your purchase!

    Offline jman123

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    Baby Boomers vs Current Generation
    « Reply #1 on: October 25, 2012, 06:15:55 PM »
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  • My own cousins have the baby boomer mentality. It is strikingly counter cultural compared to the Catholic alternative.



       


    Offline Nadir

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    Baby Boomers vs Current Generation
    « Reply #2 on: October 25, 2012, 10:58:08 PM »
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  • To me, the list doesn't make much sense.
    Does this list refer to what goes today for these two groups?
    Baby boomer and Current generation means traditionalists or the general public?  

    All too vague and non-specific!

    And the order could be reversed for some.

    Offline bowler

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    Baby Boomers vs Current Generation
    « Reply #3 on: October 26, 2012, 04:34:18 AM »
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  • Quote from: Nadir
    To me, the list doesn't make much sense.
    Does this list refer to what goes today for these two groups?
    Baby boomer and Current generation means traditionalists or the general public?  

    All too vague and non-specific!

    And the order could be reversed for some.


    I agree.

    Matthew,

    I think for the most part you are refering to a serious traditionalist, except for a few points maybe. Also, there are many successful baby boomers that used the financial techniques on the right.

    Offline bowler

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    Baby Boomers vs Current Generation
    « Reply #4 on: October 26, 2012, 04:43:37 AM »
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  • Quote from: Matthew
    I'll get us started:

    The first item is the "Baby Boomer way" of doing things; then a dash, then the current generation's alternative.

    Baby Boomer way - Current generation's tendency or alternative


    30-year Mortgage - Save up and buy house/rent/pay off mortgage early (30 year mortgage is a great idea, as long as you use it right)

    Credit Cards - Debt-free living, Dave Ramsey (young people today use credit cards more than baby boomers)

    College education - Apprenticeship/self-study/learn online (this applies only a trad. Young people today go to college much more than baby boomers did)3 or 4 children - More children (trad. Catholics)

    Formula feeding - Breastfeeding (trads only)

    Cry it out - Attachment parenting/Baby wearing (trads only)

    Baby's 1st food at 4 months - Extended Breastfeeding (trads only)

    Crib at 4 months - Co-sleeping (trads only)

    Public School - Homeschool (trads only)

    Processed/frozen/convenience food - Organic, GMO-free, healthy food
    (this should be reversed now. trads eat whatever is the cheapest. Baby boomers eat expensive health foods))

    Dad goes off to work all day - Work from home/multiple part-time jobs

    Belief in the Stock Market - Complete lack of faith in the Stock Market, buy Gold/Silver

    Hope of SS, pension, retirement - Have enough kids to support you, and/or just hope and pray!

    Magazine Subscriptions - Internet (the whole world is doing this)

    Cable TV - Internet, NetFlix, Youtube (only frugal people do this)

    Donate stuff to Goodwill - Sell it on Craigslist, eBay (everyone doing it)
    Buy or Lease a new vehicle every 4 years - Buy one used vehicle and drive it until it dies (baby boomers did it too)

    someone else do the rest

    Car is a sex/status symbol - Car is basic transportation; a depreciating asset; a necessary evil
    Insurance for everything - Insurance when required by law
    Keep financial, health matters private, even from family - Post extremely detailed personal monthly budget, including what you ate for lunch, on your "Getting out of debt" blog
    Privacy extremely important - Who cares about privacy?
    Views Internet with apprehension, suspicion - Met spouse on Internet
    Buy household items at department store - Buy everything possible on Amazon.com or other online venue
    Buy lots of toys, electronic gizmos for children - Let kids play outside, play with old-fashioned toys


     

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