Money… for many of us….is a complex, controversial and sometimes competitive topic. While each generation has its distinct challenges, money can also be the number one stressor for individuals, couples, and families.
In this blog, I explain how each generation relates to money, how money stresses the generations, and offer solutions to the crushing stress factor.
Let’s begin with the World War II Generation or those born between the years of 1925 and 1942.
For many in this generation, also called “The Silent Generation”, money was associated with the deep scars of scarcity created by the Great Depression. Therefore, the emphasis was on saving and always spending less than they earned. This generation was largely content with keeping one house for as long as possible and keeping cars and other possessions until they wore out. The primary money motivator for the WW II Generation was to replace scarcity with “having enough” or sufficiency.Read More