Most young people will appear to be unaffected by what is happening in the global financial crisis.
After all, they are not serious earners, and they don’t handle large investments and nor are most of them into high finance and the dealings of money markets.
Reputation
But I vividly remember meeting a young man on a church youth weekend where I was speaking, whose father was a banker who had just gone bankrupt. He spoke to me about it and the thing he most feared was that his friends would discover the truth about his less than perfect family. Most of the other students had professional fathers and staked some of their credibility on their parents’ reputation. He was also concerned that his own spending power would be limited. Issues like this affect family life, so they affect young people. The spectre of unemployment looms over families at the moment — I have known of people who have been removed from a job at less than a day’s notice and had to come home and tell their families they won’t be going to work tomorrow.
