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Millennials Are Starting To Act Like The Great Depression Generation
Business Insider ^ | 02/22/2013 | Monica Nickelsburg

Posted on 02/22/2013 8:32:32 AM PST by SeekAndFind

Unofficial millennial spokesperson Lena Dunham, while incisive and entertaining, is not the voice of my generation.

On Dunham's buzzy dramedy Girls, self-involved twenty-somethings balk at $12 salads by day and guzzle $14 cocktails by night while parents bankroll their "groovy lifestyles."

It's an enticing narrative. But these stereotypes fail to recognize some rapidly evolving trends among young echo boomers entering adulthood.

Millennials, typically defined as anyone born after 1980, make up an enormous and diverse generation, but many of them share a common experience — entering adulthood during the country's greatest economic downturn since the 1930s.

The financial duress of the Great Depression produced the Greatest Generation, a cohort of Americans known for conservative spending and saving habits, resilience, and a tireless work ethic. And believe it or not, young people who came of age during the Great Recession are beginning to mirror those habits.

Although graduates now enter an exceptionally difficult job market with an average $25,000 in student loans, they are often hired more quickly than job searchers from preceding generations, in part because they are more willing to accept jobs for which they are overqualified, according to a survey conducted by MillennialBrandingAndBeyond.com.

For instance, while many unemployed members of Gen X continue to hold out for positions that meet their criteria, echo boomers will take retail and part-time jobs in the interim.

"I hope, and I do believe that I will have a job offer when I graduate, but I think that that speaks to my work ethic and the fact that I've been working every single semester and every summer since I was a sophomore," said NYU senior Maddie Chivi.

"The reason that so many of us do put ourselves out there and are interning and our resumes are built already is because we are worried."

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Society
KEYWORDS: greatdepression; jobs; millenials
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To: SeekAndFind

This piece is a load of BS. It’s essentially saying that recent college graduates are willing to take low paying jobs, while individuals who have (had) been in the workforce for a number of years, may have mouths feed, are picky about the jobs they are willing to take. Really? Gimme a break. Tell me how those millenials are doing 5, 10, 15, 20 years from now.


21 posted on 02/22/2013 10:52:06 AM PST by paltz
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