In a interesting blog post here is the link: http://blog.taragana.com/n/younger-americans-find-vast-opportunities-in-recession-while-older-generations-struggle-187519/
the author points out that although many baby boomers have lost financial gains the younger generations are the ones who are gaining in many ways.
The house prices have allowed many younger people in to the market and while someone in their 70’s may have lost money in the stock market their plans for retirement have changed.
Many see this recession as being a great equalizer- allowing younger people who previously were up against barriers to prosperity and more seasoned people to re-think their attitudes about making money and when to retire.
It will be interesting to see where it all ends up in the next five years.

In a recent blog post http://upsidetothedownturn.com/?utm_source=Starting+Your+Week+on+the+Upside&utm_campaign=ec8ef52ca9-RSS_EMAIL_CAMPAIGN&utm_medium=email

The authors provide four different types of attitudes towards spending since the recession. It is interesting as they have indicated age groups and attitudes towards money. Take a look and see where you are. It turns out I am more like a Gen Y in my attitude as I am an apathetic materialist.

Regardless of what type of spender you are there are some upsides and opportunities for all of us post- recession. Personally this past year has helped me to re-focus on what my true priorities are and how I want to make a greater impact on the world through my work. In addition it has caused me to look at where I spend my money and to focus on spending it in a way that brings me satisfaction but also provides value to the person or company receiving it.

The upside and the opportunities of this recession are:

• Corporate and individual review of excess spending, frivolous spending and necessary spending
• Increased focus on ‘global abundance’ and how our spending is affecting the global economy
• Greater awareness around ‘impact spending’ by asking questions such as “How will this money make the biggest impact on our company or on me personally and for the company or person receiving it?”
• Laser focus on our company and personal values and asking ourselves the following question, “Is spending this money on this aligned with our/my core values?”

The recession certainly affected us all and the opportunity to learn from it and change our behaviors for greater global prosperity is very exciting.

You’ve probably heard of TED – where the world’s top thought leaders are asked to provide 18 minutes of provocative ideas at this most fascinating conference. This event – which features pioneering thinkers sharing their most passionate dreams and best-practice tips – is described as “Riveting Talks by Remarkable People.” Previous speakers include Tony Robbins, Bill Gates, Jane Goodall, Bill Clinton, Paul Simon, Sir Richard Branson, Sir Ken Robinson and Bono.
TED is expanding their reach around the globe with events being sponsored in dozens of different countries. Vancouver is holding their first ever TEDx event on November 21 of this year, and has asked me- Cheryl Cran to be one of the featured speakers. The theme of TEDX Vancouver is “Forever Young”.
I will be speaking on Zoomers Refuse to Age which is based on Moses Znaimer’s theory that Baby Boomers today are modern, hip and younger behaving than their parents. The event will be videotaped and watch for postings on the site to see this unprecedented event. Find out more at http://tedxvancouver.com/