Saw this in a recent article, purporting that "Generation Y" is financially illiterate... "People between the ages of 25 and 34 make up 22.7% of all U.S. bankruptcies (but just 14% of the population at large), according to a recent report."

There's a real problem with this statistic. Can you guess what it is?

That's right... children don't go bankrupt. Their parents might, but the number of people under 20 undergoing bankruptcy should be an infinitesimally small percentage of all bankruptcies.

A quick look reveals that 27.4% of all Americans are under the age of 20. So what happens if we examine the percentage of bankruptcies for people between 25 and 34 relative to the adult population as a whole? Basically, they're 19.3% of the adult population.

So, while it's true that people between 25 and 34 have bankruptcies at a higher rate than the adult population, it's only a couple of percentage points. In other words, it's not evidence of anything, much less some kind of widespread financial irresponsibility that, of course, previous generations didn't experience at all... (Yeah, that's you, hippies. We're talking about you!)

Posted by: Avatar_exADV at 03:02 PM | Comments (3) | Add Comment
Post contains 190 words, total size 1 kb.

1 Your indignation is a small consolation for me. My daughter agreed to balance her checkbook only after REPEATED arguments over her overdraft fees. I eagerly anticipate her first credit card.

Posted by: Pete Zaitcev at April 28, 2008 05:27 PM (qNSKg)

2 Hey, Avatar. Long time no see. This is Tofusensei from ETG. I've been stalking your blog for a while

I was wondering if you'd share with me your method for doing Aegisub timing -> timecode conversion. I imagine it involves either some sort of script or Excel macro, but I may be totally wrong. I have a need to do this and I know you're the man to talk to!

Feel free to email me - Tofusensei@live-evil.org

Thanks!

Posted by: Tofusensei at April 30, 2008 10:34 AM (2ZGxJ)

3 I can help with some of that, but unfortunately I'm going to be out of contact for a few days. Breaking down the PC tonight, then moving this weekend, then no internet until AT&T gets off their butt and installs it on the 8th.

Even then, it's a highly manual process and only optimized for DVD subtitles. There's all sorts of things you can't do. I'll poke you on ETG tonight or when I get back online.

Posted by: Avatar_exADV at April 30, 2008 08:05 PM (LMDdY)

Hide Comments | Add Comment