This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

A Fiscally Conservative Generation X

Stocks in this article: PHMLENGPM

Growing up on MTV, video games and microwave dinners, our Generation X'ers have become far more fiscally conservative than past generations.

Born between 1966 and 1982, our group witnessed our baby boomer parents sell out their "make love, not war" ideologies for BMW's, stock portfolios and kitchen extensions.

As we grew up, we experienced our parents' "acquisition phase" -- the pursuit of better houses, better cars and better TVs as their "nest egg" grew. It was all so natural and inevitable. There was a faith in current and future earnings. The motto was buy a house now that you can afford in three years. Our parents had "made it," and we thought our lives would be the same.

As children and teens, we basked in a "supreme" USA. President Reagan proclaimed, "It's morning in America again," and said, "Mr. Gorbachev, tear down this wall!" marking the beginning of the Cold War's end. Under the leadership of presidents Reagan, H.W. Bush and Clinton, we could move forward with confidence in our future knowing that were no strategic threats from without or economic woes from within.

Since 9/11, it's been downhill -- Iraq, Afghanistan and most recently the economic meltdown. Our feeling of comfort and security has morphed into angst and vulnerability. Just as our careers were on the upswing and we were entering our own "acquisition phase," we were hit with the worst economic crisis since the Great Depression: a credit crunch, out-of-control budget deficits, a crippled housing market, weakening dollar and sharply rising unemployment.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs