I read in an article recently about how having debt gave people the confidence, in fact, empowers them. Apparently, people 18-27 reckons being in debt give them better control.
I don’t know, I’m old school and reckon if you don’t have it, you don’t spend it.
That said, I do know as adults we all live in debt …. how else do you buy a house or car in Singapore?
As you can tell, I’m not a fan of debt … truth be told, I’m not a fan of a lack on control. That’s why it baffles me, this generation gap I obviously suffer with the Gen Y crowd, how can the fact that a financial institution looming over you, gives you more control? Same with how I don’t get how my Mummy doesn’t trust internet banking and cloud computing.
Every generation comes with their own mindset and own paradigm that their version of the world works in.
My world can’t help but worry that illusion of control becomes more captivating as each generation goes by. It truly is the Matrix and I’m starting to wonder if any of this is real any more.
I’m actually that old auntie who rather keeps cash in her milo tin under her bed. Give me the red pill any time.