As a young person, the moment you start to understand what money is and what it can get you or even do for you. It is like a race to try and accumulate more. Some people learn what it is like to earn money at such an early age, that they don't see the benefit of continuing with their education. They would rather make the dollars than learn a subject which they would consider boring and a waste of their time. So they drop out. Not realising that if they had stayed in school and finished their education; chosen a career path like being a business owner, Doctor, Lawyer or Accountant. The delayed gratification would have been so much more worth it.

The other type of younger generation are the ones that stay in school and get the education that their parents had always wanted them too. But because they want to be independent as well, by moving away from home and living in rented accommodations. They get a part-time job, which is just enough to cover living costs while they study hard to graduate. In the end, they are so bogged down in student loan debts that they spent the next 10 or so years paying it off with interested on top (for some countries). Yes they get that high paying job in the career they wanted but from than on it is an upward climb back out of the ditch of debt for a few years.

For some people, it's family first. They fall into relationships at a young age and have kids earlier than they expected. So now they need to get a job to support them. For the first few years one parent stays home while the child or children are too young to be going to school or day care and of course you can't afford a nanny. So it is a struggle to live on one income. But as they grow older the second parent is now able to get a part-time job and help with the finances as well. But then you realise how much the kids start to get more expensive. Wanting this because their friends have one or wanting that because they saw it on television. Then there is the cost of schooling and all the expenses on top of that, the older they get. So in the end, even with both parents working, you are just barely making ends meet until the children are old enough to move out and stretch their own legs.

Some young people learn to live in debt. It's called easy money and it is how most people fall into the trap and after a while it is the only way that they know how to live. They learn what a student loan is and from there, hire-purchase, then personal loans. buying

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