Wednesday, February 23, 2011

Overburdened IPOD Generation

How can a man listening to IPOD bear heavy burden? If you think so, you are wrong. The IPOD we referred here is not the Apple IPOD music palyer. You will understanding the meaning after reading this article.

The IPOD generation stands for Insecure, Pressured, Over-taxed, and Debt-ridden.

Due to diminishing returns for higher education, high-levels of taxation, and a demographic shift in welfare arrangements, people under 35 are facing serious long-term issues which many governments are ignoring. Affordability of housing in many countries has dropped in the past few years, pricing many young people out of the market. All of this has meant people under 35 now face future tax burdens and standards of living which may be inferior to their potential.

Click here to view the English Chinese translation of this article.

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