Thursday, June 18, 2009

Generation of Foreverism

“Life does not consist mainly, or even largely, of facts & happenings. It consists mainly of the storm of thought that is forever flowing through one's head” ~ Mark Twain.

In the process of catching up, I spent a record time yesterday, considering my almost absence in the last 8-9months, over the internet. I was going through lots of information from health to lifestyle to trends to finance to politics. I was also little worried on how I would manage once I get married, it seems most likely sooner than I’d imagined (my parents are moving on a war-footing after I’ve given them the green signal) as most of my earnings are spent for self. I appreciate and admire all my married friends on how they’d still maintained the way they were. I guess it’s my fear and as they continuously say I would get used to it.

Okay! Coming to some interesting thing that I’d stumbled upon, made me wonder in which of my blogs I should mention! It’s a matter related to personal finance while a similar idea is tossed as a trendsetter. So, one is a Forever Generation (of UK) and the other is Foreverism (global trend). Let me explain you.

As per Schott’s Vocab “Forever Generation” means a generation of (British) youth who, because of dearth of savings, face the prospect of working “forever”. This phrase was actually used by Aviva (an insurance major) to describe today’s children in UK as who’ll be retiring later, paying their mortgage and having their children live with them well into their twilight years. This is a risk without forward planning, today’s young adults could end up in work-to-live cycle for what feels like “forever”.

While “Foreverism” as per Trendsetting.com described as consumers and businesses embracing conversations, lifestyles and products that are ‘never done’. While the ‘now’ has never been more popular, with many consumers still keen on instant gratification, trying to maximize the amount of experiences they can collect in as little time as possible (and with as little budget as possible), there are equally strong forces promoting ‘forever’. Driving its popularity is the technology that allows them to find, follow, interact and collaborate forever with anyone & anything.

Going in a little detail, I saw a distinct connection between these two trends. Its possibly because of the foreverism, a byproduct of consumerism, this forever generation was created. I guess it could be true not just in UK but even in India (prob across the world) esp with our generation. My fears I’d earlier mentioned in this article is a direct derivation from the above trend. Technology only added woes to the current situation of indulging in excesses of all kinds.

Still the good old adage that our fathers and grand fathers told us remains: A penny saved today is a penny earned tomorrow. So, brotherhood Arise, Awake and Stop not until you indulge and save at least a little for our own good.

“They spoil every romance by trying to make it last forever” ~ Oscar Wilde.

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Disclaimer:

The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell any financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.