I recently remarked that I don’t wish my children to inherit the debts of our generation, if we can avoid it. It seems that I, as a father, are not alone in that thoughts. I came upon this website by Michael W. Hodges, The Grandfather Economic Report.
Each generation hopes their children will have more freedom and economic opportunity. Certain trends threaten their future.
In some ways we may be SHORT-CHANGING OUR NEXT GENERATION, but blaming it on others will not make it better. Acquiring knowledge and taking action is an individual responsibility.
“By highlighting economic threats to our young, actions may result such that negative trends become positive trends – – and my generation can become more proud of our bequest to the next generation.”
I have only this to say about his work: READ IT. It should be prescribed material for back ground reading. It shows his excellent dedication and opens one’s mind to what is going on in many parts of the world. He focusses on the situation in the US, but it can probably serve as a posterchild to many western economies.