Gen Y likely to be big users of credit: : "'It's something they haven't seen in their lifetime and so they're not handling credit as well as some prior generations, we're finding.'"
It's not surprising. They are the haves and the entitled and it is what they expect. They will learn the same lessons as other people but they will learn them in a different way. Managing money is something we all have to learn and having because we want it is something we learn isn't a realistic thought. They will pay dearly for lessons not learned and lessons not taught, but they will learn. Life is a great teacher.
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