G
gingerlatic
Guest
responsible for the credit crunch? here's my theory...saving up has gone out of fashion. young people see all these extremely rich young people who have so much and they want it too. the wealth of other people is so much pushed in the faces of today's youth, in the form of celebrity mags, tv shows such as mtv cribs etc. envy is human nature, but what the kids don't get is that these people work for their wealth(with the obvious exceptions). no matter how overpaid you may think the beckhams (just an example) are, the fact is they work for their living. ok, they may not "work" as hard as the average people, but the fact is their particular talents come at a premium.the banks then make it easy for these wannabees to imitate their idols by throwing credit at them too easily and irresponsibly, but what about personal responsibility and self control? if we cant afford something in our house then we don't buy it or we save up for it. simple economics.do we need to be trying to introduce new values to our young people, such as the value of the word "no"?