It's always entertaining to receive financial advice from the Baby Boomer generation.

Work hard, Generation X. After all, your benefits are worse, and you have to subsidize millions of older Americans.

So cut that spending; many retired people are relying on you to work hard so they can live well.

Posted by Wenalway on June 10, 2008 at 9:47 PM

I think the looming Social Security crisis is just one reason younger generations should look at our finances more carefully, rather than ignoring them and hoping the problem goes away.

Gen Xers and Millennials need to learn the importance of stashing money in our IRAs and 401(k)s, because we're not going to have a Social Security cushion when we're older. Other than voting, there's not much I can do about Social Security  but I can make sure I'm not relying on it for my own retirement.

This article hits on so many crucial points, especially for young people who don't have much experience with money. I think young people should learn from the Baby Boomers' mistakes (and successes).

The problem is, in my opinion, making this message sexy enough that people will listen and change their habits.

Posted by mthilmony on June 11, 2008 at 8:37 AM

There's not as much money to stash, though, because of bad government policies.

The biggest problem is the health care mess. The N-G likes to print quotes from hospital managers saying it's the patients' fault, but it's not.

We need health care reform ASAP. Right now, the politicians aren't even looking at the problem.

Posted by Wenalway on June 11, 2008 at 2:45 PM