A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from March 09, 2012
Generation Debt

"Generation Debt” refers to a generation of young citizens who will have to pay off crushing personal college debts and a crushing federal debt, all while trying to find a good job in a terrible economy. The term “Generation Debt” was a chapter title in the book Revolution X: A survival guide for our generation (1994) by Rob Nelson and Jon Cowan. “Generation Debt” was also the title of a 2002 Associated Press newspaper article about young college graduates.

In 2006, a book by Anya Kamenetz was titled Generation Debt: Why now is a terrible time to be young and a book by Carmen Wong Ulrich was titled Generation Debt: Take control of your money, a how-to guide.

“Generation Screwed” is a similar name.


OCLC WorldCat record
Revolution X : a survival guide for our generation
Author: Rob Nelson; Jon Cowan
Publisher: New York : Penguin Books, 1994.
Edition/Format:  Book : English
Contents:
Get in the Game: A Foreword / Bill Bradley --
1. Revolution by Evolution --
2. Generation Debt—

Google News Archive
13 January 2002, The Spokesman-Review (Spokane, WA), pg. D1, col. 2:
Generation debt
Many young college graduates face crushing debt—and a recession

By Marth Irvine
Associated Press

OCLC WorldCat record
Strapped : why America’s 20- and 30-somethings can’t get ahead
Author: Tamara Draut
Publisher: New York : Doubleday, ©2005.
Edition/Format:  eBook : English : 1st ed
Contents:
Introduction --
Paycheck paralysis --
Generation debt—

MTV.com
Oct 26 2005 8:00 PM EDT 421
Tuition Gone Wild: Rising College Costs Saddling ‘Generation Debt’
More students turning to financial aid in light of increased costs.

By Brandee J. Tecson
Let’s face it: If you’re a college student, you’re probably deep enough in the financial hole to prove it. Combine the climbing costs of tuition, textbooks and room and board with sluggish financial aid and mounting credit card debt and you’ve got a recipe for losing sleep.

Welcome to Generation Debt.

OCLC WorldCat record
Generation debt : why now is a terrible time to be young
Author: Anya Kamenetz
Publisher: New York : Riverhead Books/Penguin, 2006.
Edition/Format:  Book : English
Summary: An emerging spokesperson for a new generation addresses the grim state of young people today--and tells us how we can, and must, save our future. The nature of youth is to question, SO when 24-year-old Kamenetz started out as a journalist, she began asking hard questions for which no one seemed to have good answers. Why were her friends thousands of dollars in credit-card debt? Why did so many jobs for people under thirty-five involve a plastic name badge, last only for the short-term, and not include benefits? With record deficits and threats to Social Security, what kind of future was shaping up for the nation’s kids? In this book, she talks to experts in economics, labor markets, the health-care industry, and education, and amasses a startling array of evidence that building a secure life is harder for young people today than it was thirty years ago.--From publisher description.

OCLC WorldCat record
Generation debt : take control of your money, a how-to guide
Author: Carmen Wong Ulrich
Publisher: New York : Warner Business Books, 2006.
Edition/Format:  Book : English : 1st ed
Summary: With debt and the cost of living rising astronomically, “Generation Debt” offers the personal financial advice that every young adult must have to live a more secure life.

Investopedia
Avoid The Generation Debt Trap
January 01 2012
There is a worldwide generation that is marked by young, highly educated individuals who are often mired in unmanageable debt. In the United States it is called “Generation Debt,” a phrase coined by author Anya Kamenetz. In Europe, it is called the “1,000 Euro Generation,” a moniker credited to an internet novel published in Italy. How can young people all over the globe avoid this trap? Read on to find out.

HERE (Virgin Islands)
Generation Debt prepares to fight back
Published Thursday March 1st, 2012
FREDERICTON - A group of student politicians say something needs to be done about the level of student debt in the province.

Craig Mazerolle, a fifth year student at St. Thomas University and vice president education of the students’ union, came up with the idea for a movement called Generation Debt. Over the next few months, the union has activities planned to get people talking about issues facing today’s students.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Friday, March 09, 2012 • Permalink


It’s true just how terrifying it is to be young now from a financial perspective. There is a genuine danger of a generation being left behind financially through no fault of their own, but in fact the mismanagement of the economy by those who will be in no way affected. It saddens me.

Posted by Richard Hughes  on  07/31  at  10:45 AM

Yeah I truly agree with you article,Even I have read “Generation Debt” chapter in the book and its really very inspiring words.
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Posted by Patrick Lamper  on  09/22  at  12:40 AM

"Generation Debt” is an very inspiring chapter of that book,I am very influenced by those words.
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Posted by Patrick Lamper  on  09/22  at  12:42 AM

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