Quote: Razz
No, it's not. We could still pull out of this, though that is increasingly unlikely given the actions of the powers that be. If it did happen, it would be within the next few years and your generation won't be in any more trouble than mine (heck, at this point, people my age are having a much harder time of it than you guys are; you've still got parents looking out for you and more government assistance available than you're aware of).
It's because of the increasingly unlikely odds that I say it's inevitable. Eventually, those odds will be so slim that it's near impossible.
Ah, but what happens within a few years (probably 3-4 in my case) when I go out on my own, and then a few years after that, my generation becomes saddled with the problems. And for all we know, things could actually get even worse after your generation has weathered the storm. It's near impossible to say who would get it worse. Parental and government care only go so far until the upcoming generation is left in a river of debt without a paddle.