The Treasury Department said government borrowing this year will more than double from 2017 to $1.34 trillion. Thank God we have fiscally responsible Republicans in charge.
And a special thanks to all the Millennials and Generation Zers who will be paying the interest charges on all these bonds. And thanks in advance for not voting next week. The Boomers and their parents aren’t done raiding the cupboard.
Generation Z is now entering the workforce. They’re different from your parents’ generation, Vera. Your parents are Millennials. Their generation is unique, too. I’ve talked about it in the past because it will impact your life. After all, they are your parents.
Generation Z is sandwiched between the Millennials and you (born in 2015). Now that they’re of working age, the surveys and studies are starting to appear with greater frequency. We’re learning more about these young adults. And what we’re learning is fascinating.
Janet Adamy, reporter for the Wall Street Journal, researched this group and reports they are “sober, industrious and driven by money. They are also socially awkward and timid about taking the reins.”
Here are some interesting nuggets. (For the life of me, I will never understand why any person who’s old enough to drive does not want a driver’s license! It was an unheard of occurrence in my generation.) Continue reading