Thursday, October 10, 2002

An article in Fortune explores the long-term damage the dot-com bust has done to Generation X. Here's an excerpt:

No generation since the Depression has been set up for failure like this. Everything the dot-com boom delivered has been taken away--and then some. Real wages are falling, wealth continues to shift from younger to older, and education costs are surging. Worse yet, for some Gen Xers, their peak earning years are behind them. Buried in college and credit card debt, a lot of them won't be able to catch up as they approach their prime spending years.

Give it a read.