Generation Debt: Reality or Myth?

Sure, it’s catchy, but a piece in U.S. Weekly News and World Report wonders if “Generation Debt” really deserves the buzzy nickname it’s been given. Personal finance writer Kimberly Palmer wrote an article that today’s young professionals have in fact learned from the financial crisis and are exhibiting a savvy that even their parents may have lacked.

What do you think? Did today’s young professionals learn from the mistakes that led to the current recession? Are they more responsible with their finances than we give them credit for?

Are you or currently using an Ally Bank Money Market Account or Online Savings Account as a way to save?

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