Read this article.
And here is my view. They are the results of the failed capitalism and false prosperity (build on asset bubbles) of the past two decades.
Asset prices went up too high. The current generation is affluent. But the next generation cannot afford these prices. And their earnings will be low - due to globalisation, international competition and other reasons. So, they have to depend on the generosity of their parents.
They are not spoiled brats. They are placed in an unfair world. This is largely the fault of the previous generation.
- ► 2013 (314)
- ► 2012 (1270)
- ► 2011 (1873)
- ► 2010 (2369)
11/01 - 11/08
- Willing to make decisions
- Hong Kong tightens sale of deriviaties
- Reduce travelling time, cost and congestion
- Intelligence Quiz - Online
- Buying a home
- Rechargeable Torchlight
- Build up the public opinion
- Politics and MRT
- Rechargeable torchlight with locator - as gift for...
- India is worrying about lower demand for jobs
- Broaden the tax base
- GST is unnecessary for Singapore
- Cost of Borrowing
- Rountable on social and political issues
- Congested roads and lost productivity
- Insuring your risks
- Health care system in Taiwan
- Bubble in property market
- Help small business hire again
- TKL Financial Planning
- Patient voices and insurance
- Term Insurance for 25 years
- Exchange traded fund (ETF)
- Freedom of the press
- Rainmakers in Wall Street
- Democracy as practiced in China
- Singapore's public transport lags behind Hong Kong...
- Investing in Life Insurance
- Too big to fail
- Start a Financial Plan
- Loyalty and National Service
- Better, faster and more
- Fourth generation leaders
- Gender of a computer
- Improve the last mile in public transport
- Super Sudoku
- Observation by David Cherbronnier
- Dependent adults - victims or spoiled brats?
- Need to put things right in Singapore
- SCMP:SFC seeks to regulate minibonds
- ▼ 11/01 - 11/08 (40)
- ► 2008 (2105)
- ► 2007 (1803)
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- ► 2005 (159)