You’ll never stop hearing about how your grandparents (or maybe even great-grandparents) lived through the Great Depression or how, just a few decades later, all discretion went out the window and they lived in an age of excess.
I bet you will tell tales of the recessions you’ve seen and the digital age to younger people eventually!
All of these significant events have one thing in common: they contribute to the generational psyche and shape our money habits.
For example, someone who grew up during the Great Depression is more likely to live frugally for the rest of their lives – it’s what they learned. And then, when they had children, they passed on this frugal methodology, resulting in a new generation equally cautious about spending.
Those who live through an era of financial abundance might stress the importance of seizing opportunities, while those from tougher economic times might emphasize the value of saving and preparing for rainy days.
However, the beauty of this is that we learn from the past while embracing the tools and opportunities of the present. By recognizing these generational money patterns, we can tailor our financial strategies to be informed by history and adapted to current circumstances.
It’s literally the best of both worlds!
If you’re curious about how these generational influences might affect your financial habits and are looking for guidance on navigating your unique financial journey, I’m here to help.
Reach out by calling (843) 475-3038 or book a spot on my calendar here. Let’s weave the wisdom of the past with the potential of today to create a brighter financial future.