I probably fight this fight a little more than I should, but I came across this article a few days ago and thought it was a great read - about how this generation is learning from last generations splurging mistakes. The last paragraph really seems to reasonate with the post-depression generation.
http://www.timesleader.com/business/...7-10-2011.html
Quote:
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One reason many tech prodigies avoid living large is that it takes time to adjust to a sudden increase in wealth, said Edward Wolff, an economics professor at New York University who studies income and wealth. The newly rich don’t know how long their good fortune will last, so they’re cautious, he said.
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(Note: just posting a link for general discussion, not to go on a crusade)