The Generation of People Who Lived Through the Great Depression

question 83

Essay

The generation of people who lived through the Great Depression is much more fiscally conservative than the baby boom generation.The baby boomers have tended to spend more freely,amass more debt,and save significantly less than those who lived through the Great Depression.
(A)As those who lived through the Great Depression pass away,they are leaving their accumulated wealth to their baby boom children.What effect will this have on the consumption share line? Please explain.
(B)As the baby boomers continue to spend freely,how might their spending affect consumption expenditures in the future?

Analyze the relationship between unemployment rates, inflation, and the misery index.

Examine the impact of temporary-help industries on employment trends.

Identify primary criteria used by experts to determine economic peaks and troughs.

Understand the concept of deep-level diversity in the workplace.

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Definitions:

Spontaneous Financing

Financing provided by current liabilities that arise automatically as a result of doing business.

Accounts Payable

Short-term liabilities a company owes to its creditors or suppliers, expected to be settled within one year.

Bank Loan

A sum of money borrowed from a bank that needs to be repaid with interest.

Accrual

An accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur.