Commonwealth National Podcast

Generation Debt (4/24/2007)

Duration: 
1:10:37

Erica Sandberg, Financial Education and Communication Advisor; Consumer Credit Counseling Service
Ramit Sethi, Technology Entrepreneur; Blogger
David Robinson, Senior Lecturer, Haas School of Business UC Berkeley
Lynn Jimenez, Personal Finance Reporter, KGO Radio – Moderator

People in their 20s and 30s are facing stagnating incomes, mounting credit-card debt, never-ending student loan payments and seemingly skyrocketing housing costs. They could be the first generation in almost a century that will not surpass or even equal their parents' standard of living. What should they be doing differently? What role if any should the public and private sectors play in helping these young adults with their financial woes?

This program was recorded live on April 24, 2007.