In the News: Material Generation

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Material Generation

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A 2006 survey done by the University of California, Los Angeles, finds that almost 75 percent of its freshman class believed that it was essential to be financially wealthy. The same survey from 1980 indicated that only 62.5 percent thought wealth was all important and in 1966 less than half, a mere 42 percent, felt the same way. A poll by the Pew Research Center found that 80 percent of 18- to 25-year-olds think getting rich is a top goal for their generation.

David Walsh, a psychologist heading the National Institute on Media and the Family in Minneapolis, Minnesota, says, "Our kids have absorbed the cultural values of more, easy, fast and fun" (Martha Irvine, "Money-Hungry U.S. Youths Becoming Generation $, Polls Find," Associated Press, Jan. 24, 2007).

Being financially secure is important, but becoming fixated on personal wealth can lead to serious problems. It can even put a wedge in your personal relationship with God. Learn to be prudent with money, but stay balanced. For more information request or download Managing Your Finances.