Recession? Gen Y not worried

Recession? Gen Y not worried

A RECESSION looms but anecdotal evidence suggests that there are young Singaporeans who do not expect the partying to end.
The last time the economy shrank was in 2001, with bleak prospects for new job-seekers. But the good times came back by 2004.

This time, though, many are predicting that the bad times will really hit hard. But belt-tightening may be a hard act for some, especially those aged 30 and below.

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well well.. NOT ALL are not worried. shucks.

There's a case in the papers whereby they interviewed an undergraduate who mentioned she will not change her spending ways because "mum and dad will provide".

She said, "I think it is okay for me to mention my current lifestyle. I may be spending a little bit more than my friends but I don't think I'm overspending."

And she shops twice a month in shops like TOPSHOP, and goes on overseas vacations with her friends where she would spend $1000 on shopping alone.

And she even mentioned she cannot understand why her friend cannot just ask her parents for money.

..cause her friend chose NOT TO?

Although different families have different ways and capacities of providing for the child, I just feel, the child can just "choose not to" rely too much on the parents.

It is always alittle better to be alittle thrifty.
Or at least be alittle more independent/careful with money matters.

If from young, one develops the habit of "asking for money" from parents all the time, then when working, will it lead to asking for money from others eg bf/husband or else develope the reliance on "future money" aka credit card?

"Of 507 people who went to Credit Counselling Singapore for help in the first nine months of this year, 18 per cent were under-30s, up from 8 percent of 573 in 2006"

Maybe I do not have the luxury. What matters is that, I can stand on my own two feet, earn my own keep and not depend on anyone. Just spend within own means I guess.
Having someone to depend on is not the same as depending on someone, the former, you can choose not to ( unless emergencies), the latter, you depend on someone whenever you run into financial problems.

And in recent years.. I just feel.. having money is just a "plus point"
not that I am not earning myself.
What matters more to me now, is having a engaging lifestyle and having someone to engage with me.
Engage in conversations, engage emotionally, engaging activities to do together.
Money wise, can always be earned. It's a matter of having how much only.
You can have all the materials provided by a rich bf, but if he is doing nothing to engage you, will you truly be happy?

Of course, not everyone thinks this way.