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Extra credit 1 - same if not better than they currently are...

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The ‘I want it but don’t want to pay” generation This group of consumers has been given everything they could have ever wanted. None of their parents have ever said “no.” This group of consumers grew up watching shows such as My Super Sweet Sixteen, The Fabulous Life, The Real Housewives of Orange County, Laguna Beach, the Hills and other reality shows portraying the lifestyle of the rich and famous. This obsession with wealth created new standards amongst younger kids and lead to teenagers expecting their parents to buy them whatever they wanted, whenever they wanted it. The problem in this generation lies in the fact that this group of individuals is currently having their lavish lifestyles funded by their parents. They fully believe that the rest of their lives will continue to be the
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Unformatted text preview: same if not better than they currently are. These are the children of generation x, a generation of people who firmly believed that their children deserved everything and never said no. Additionally, this group of individuals grew up without a lot and worked very hard to be able to afford the things they bought for their children. This generation will likely create many problems for the current economy. 1. Many of these kids do not believe that they need to work hard to have these nice things and will therefore grow up and not have very stable, well paying. 2. They will cause problems to the credit industry. This same group of people never learned how to manage finances. They will begin to charge items to credit cards without paying, ending up in debt...
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  • Fall '08
  • Generation Y, Laguna Beach: The Real Orange County, The Real Housewives of Atlanta, The Real Housewives of Orange County, The Real Housewives of..., Kristin Cavallari

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