The XX Factor: What women really think.

The Economic Terror Dream

For most of us, the 20s aren't the most financially stable decade of our lives. But it doesn't seem that bad, since we've been instilled with the sense that there is a way to practice what E.J preaches, to "figure out how to dive in and turn your education and talents into your own income." Eventually the instability will be a charming memory, and you'll be nostalgic for a simpler era when you ate scrambled eggs for dinner multiple times a week.

Except if you're in your 20s right now, you're likely to toggle your browser from your slim checking account to front page headlines not just about staggeringly high unemployment rates and the collapse of the financial system as we know it, but also the slow death of various industries, perhaps including your own. Building a sustainable career in certain industries starts to seem less achievable, even one that's not the sparkling husband-supported freelance romp we're all debating. So, on the one hand, the Samantha scenario seems coldly practical. But, as June aptly pointed out, it's also a delightful fantasy, one that seems tailor-made to counteract the scary front-page news these days. If, as Susan Faludi has written, that after 9/11 we collectively fantasized about cowboys and supermen, retreating to old-fashioned gender roles to comfort our terror, what fantasy are we going to cook up in this depression, when we're confronted not with death but with financial ruin? Maybe it's just that stable guy or girl who is just as much checkbook-affirming as life-affirming.

And of course, these fantasies aren't just coming from our isolated brains, as my sister pointed out in an e-mail to me this morning, "In romantic comedies that the heroine is always somewhat artsy or in publishing and 'independent' and powerful, but then the guy comes in and typically one of the plotlines involves her professionally and personally dissolving." There will probably be lots more film moments like the odd Mama Mia! one Dana noticed coming up, since naturally we love to see comfort fare when we're down. But what will be really interesting will be to look in ten years or so, when the Gen Y-ers have made more of our choices. Dahlia's right that it all seems a little theoretical now for most women my age (the Mr. Howell fantasy is at least in part a way of buying mental space and allowing yourself time to work on your career without making money your main motivation) but philosophy shapes practice. So how will the scars of this scary financial moment affect the way we structure our careers and marriages? Or will they—am I overblowing this?