Learning the Lessons of the Global Recession
When the individuals of a country are afflicted by the hardship of a recession, the very suggestion of prosperity and optimism can seem foreign to the concept of logic. As unemployment rises and jobs are cut from the private and public sectors, so too consumer spending power diminishes to create a vicious cycle within the economy. However, there are signs emerging through the gradual recovery that adults in the US have not only taken heed of the financial portents of the recession, but also developed a positive attitude in moving forward in society.
A recent survey of young adults aged between 18 and 34 has revealed that this demographic have learned important financial lessons through the recession, and in fact resolved to save more of their disposable income and through budgeting and reducing their levels of impulse purchases. The published findings also suggest that this generation of citizens have also developed an increased responsibility concerning their debts and burdens, and are motivated to committing more money throughout 2011 to reduce their financial duty appropriately. Aside from the bare statistics, this survey also reveals some key points concerning young adults living in the US.
Adapting to Social Conditions
One of the most significant conclusions that can be drawn from the survey is the malleable and adaptable nature of young adults living in contemporary society. It is a well versed theory of psychology that young adults are more adaptable to the change in social conditions, and also more likely to modify their behavioural trends to a more positive end. This capability to conform to changing environment and conditions is believed to diminish over time, as adults more experienced in life are either too comfortable with their own wisdom or embittered by specific instances of hardship.