Also in terms of financial considerations, the economic agents often engage in processes of downsizing. These are understandable from an organizational standpoint, but they negatively impact the employees -- my generation more than the older generations. In this order of ideas, most of the companies which downsize their staff members apply the rule of LIFO -- last in, first out. This basically means that we, as the latest and youngest additions to organizations, will be the first to be fired. The actual act of being downsized or the simple threat of it also impacts our generation more than the older generations. To better explain, most representatives of my generation do not yet have a house of their own and continue to leave in rented facilities. The economic crisis...
Additionally, those of us who have managed to contract a loan before the crisis emerged, are now faced with the impossibility of paying our rates and losing both the house as well as the money invested in it. This threat is less obvious for the older generations, most of whose representatives have already paid back their mortgages.
All in all then, the largest financial threat for my generation is given by the contemporaneous financial crisis, which makes it more difficult for us to get jobs, retain our jobs, get promoted, get salary raises, pay our debts or purchase a home.
