How will the Worsening Economy Affect Teenagers?

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Sun, Apr 18, 2010

I’m writing an article for our school newspaper and am looking for some specific ways the straining economy will affect teens and also things they can do to deal with it. Here’s what I have so far:

-difficulty in finding work
-general frugality at home
-increased difficulty in acquiring college loans

Does anyone know of any other specific effects? Any financial professionals that can help? It would be much appreciated! Thanks!

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affect, Economy, Teenagers, Worsening

3 Comments For This Post

I , a happy Bolshevik Says:
April 18th, 2010 at 1:12 pm

Teenagers will affected in several ways. First of all they will see how their families become destroyed, on times of crisis Divorce flourish. The authority of their parents can be damaged because they will see how their father or mother become alcoholics of drug addicts as they will be fired. Those teenagers will blame their parents for the dare misery in which they will live. Many girls , once the beloved little girls of their parents ,will become prostitutes.
Of course if they are lucky to have a Bolshevik like me near them this will not happen. We would explain , explain and explain, the reason for all this havoc is the irreversible agony of Capitalism.
Teenagers must defend their right to study and their right to work. During these crisis, Capitalists, use to impose working conditions of slavery, teenagers must join the struggle for jobs as a way to protect their future, othewise they will have no future.
Working class wll fight decisive battles in the near future.

anaise Says:
April 18th, 2010 at 1:51 pm

I think this economic downfall is going to take the spoil out of the current teen and push them into the workforce where they will learn to think on their toes just like we did. Lots of teens don’t work because their parents provide for everything. In my day, we worked even if our parents could provide. Our parents were hard on my generation. We learned to become independent thinkers and quick on learning new trades because the future of our outlook was not great.
We are the generation X; Obama is a genX; we are the cure for the spoiled world. We are master thinkers and shapers of the new world and its time to get use tough love.

sbskeeper Says:
April 18th, 2010 at 2:42 pm

-social security and medicare funds are dwindling. combined with the effect of the impending depression it will be harder than ever to comb together funds to go to the baby boomer generation especially since families are having less children.
- inflation will drive up costs of goods in grocery stores
-deflation may occur if the fed continues to decrease interest rates meaning the value of our dollar will continue to drop
-the huge deficit is continuing to accumulate and it will be up to our generation to repay foreign investors
-market instability concerning the price of oil
-increased cyclical unemployment rates; perhaps increased seasonal unemployment rates for teens (when a lot of teens try to find jobs)
-may actually see fed increase interest rates to help combat deflation which will cause inflation to occur and will cause MORE consumers to spend less.
-less teens getting cars for 16th birthday because of economic instability
-less of an incentive to go to college during this time, which means there may be a significant part of our generation NOT getting a college education because of the crisis
-parents may have to dip into teen college funds to help cope with tough times if parents become unemployed
-teens that DO get to go to college may miss out on the opportunity to participate in Greek Life and lose out on valuable friendships or connections to create valuable future business opportunities because of tight monetary funds
-less money to see movies or eat out with friends
-hand me down clothes from bygone generations; perhaps a comeback to earlier fashion styles
-less money to buy gas, either more walking to get where we need to go, or people will just stay home instead of going out which would perhaps increase obesity rates in teenage Americans

I , a happy Bolshevik Says:
April 18th, 2010 at 1:12 pm
Teenagers will affected in several ways. First of all they will see how their families become destroyed, on times of crisis Divorce flourish. The authority of their parents can be damaged because they will see how their father or mother become alcoholics of drug addicts as they will be fired. Those teenagers will blame their parents for the dare misery in which they will live. Many girls , once the beloved little girls of their parents ,will become prostitutes.
Of course if they are lucky to have a Bolshevik like me near them this will not happen. We would explain , explain and explain, the reason for all this havoc is the irreversible agony of Capitalism.
Teenagers must defend their right to study and their right to work. During these crisis, Capitalists, use to impose working conditions of slavery, teenagers must join the struggle for jobs as a way to protect their future, othewise they will have no future.
Working class wll fight decisive battles in the near future.
anaise Says:
April 18th, 2010 at 1:51 pm
I think this economic downfall is going to take the spoil out of the current teen and push them into the workforce where they will learn to think on their toes just like we did. Lots of teens don’t work because their parents provide for everything. In my day, we worked even if our parents could provide. Our parents were hard on my generation. We learned to become independent thinkers and quick on learning new trades because the future of our outlook was not great.
We are the generation X; Obama is a genX; we are the cure for the spoiled world. We are master thinkers and shapers of the new world and its time to get use tough love.
sbskeeper Says:
April 18th, 2010 at 2:42 pm
-social security and medicare funds are dwindling. combined with the effect of the impending depression it will be harder than ever to comb together funds to go to the baby boomer generation especially since families are having less children.
- inflation will drive up costs of goods in grocery stores
-deflation may occur if the fed continues to decrease interest rates meaning the value of our dollar will continue to drop
-the huge deficit is continuing to accumulate and it will be up to our generation to repay foreign investors
-market instability concerning the price of oil
-increased cyclical unemployment rates; perhaps increased seasonal unemployment rates for teens (when a lot of teens try to find jobs)
-may actually see fed increase interest rates to help combat deflation which will cause inflation to occur and will cause MORE consumers to spend less.
-less teens getting cars for 16th birthday because of economic instability
-less of an incentive to go to college during this time, which means there may be a significant part of our generation NOT getting a college education because of the crisis
-parents may have to dip into teen college funds to help cope with tough times if parents become unemployed
-teens that DO get to go to college may miss out on the opportunity to participate in Greek Life and lose out on valuable friendships or connections to create valuable future business opportunities because of tight monetary funds
-less money to see movies or eat out with friends
-hand me down clothes from bygone generations; perhaps a comeback to earlier fashion styles
-less money to buy gas, either more walking to get where we need to go, or people will just stay home instead of going out which would perhaps increase obesity rates in teenage Americans

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How will the Worsening Economy Affect Teenagers?

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