Strapped: Why America's 20- and 30-Somethings Can't Get Ahead

December 26, 2005 | | Pop Matters |
Since my mother and I both find the prospect of me moving back home nightmarish, I decided to end our "standards of living: then and now" debate once and for all. I sent her Strapped: Why America's 20- and 30-Somethings Can't Get Ahead, and guess what? It worked! Yes, the Strapped method of garnering parental support work for me. I want to do infomercials for the book now. "Do your baby boomer parents wonder why all their success hasn't rubbed off on you? Do they ask you why they bothered to send you to college when you're un-or-underemployed? Do they think you're paying more than half your paycheck in rent just because you're decadent? Then this book is for you!"
Draut points out that conventional wisdom says that young people "are wildly decadent about their spending," but her interviews with young people across the country uncovered that credit card debt was usually acquired fixing cars and traveling home for holidays and weddings.