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Generation Vexed: Young Americans rein in their dreams
los angeles times ^ | 081411 | Tiffany Hsu and Shan Li

Posted on 08/14/2011 7:27:08 AM PDT by ken21

"Our generation is going to take the brunt of the force of the debt crisis," said Glass, a government major at St. Lawrence University in New York. "It's going to mean fewer jobs, higher interest rates, more debt.

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


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: 1929yearolds; bhoeconomy; generationy; millenials
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wonda whose fault that is--comrade obama's?
1 posted on 08/14/2011 7:27:18 AM PDT by ken21
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To: ken21
Our generation is going to take the brunt of the force of the debt crisis," said Glass, a government major...

Cry me a river!

BTW, what does one do with a major in "government?"

2 posted on 08/14/2011 7:33:02 AM PDT by Cowboy Bob (Greed + Envy = Liberalism)
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To: Cowboy Bob

This generation voted for Obama. Maybe they learned a lesson.


3 posted on 08/14/2011 7:34:07 AM PDT by ilovesarah2012
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To: ken21; Fiddlstix; JustAmy; Jim Robinson
PURE BS, it is the seniors who will take the brunt, we are the ones facing death panels, gutting of our health care, while congress enjoys a platinum life time plan. Then we are to old to work, our 401 K's are gone, the OBAMA DEPRESSION is eating what little there is left.

Any gov't that does NOT live under the same laws they foist on you, just became your MASTER, and you their SERF.

“How-w-w-DEE-E-E-E!” if this old Geezer on a fixed income can contribute to keep FREE REPUBLIC OPERATING so can you.

You won't even miss the 25 or 50 cents you put in a FR Change Jar daily, but at the end of the month you will have at least $5 to donate so FR can operate smoothly, or you will moan and grown and go into withdrawal when it is down, because of broken parts, or over loaded servers during crisis events. And every day 0 remains in office is a crisis.

To donate click here

4 posted on 08/14/2011 7:36:03 AM PDT by GailA (Any congress critter who fails to keep faith with the Military, will NOT keep faith with YOU!)
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To: ken21

Hmmmm...the generation that voted Obama in is going to have to pay a price in quality of life? Who’d-a-guessed it?!


5 posted on 08/14/2011 7:36:33 AM PDT by The Duke
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To: Cowboy Bob

I opened the post to ask the same question but you had already asked it.


6 posted on 08/14/2011 7:36:50 AM PDT by JimWayne
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To: ken21
"Those majoring in computer science, engineering, accounting and health occupations, for example, have been much more successful in getting jobs," he said. "Kids who majored in humanities often end up doing really, really badly in the labor market."

Well elections have consequences and this generation voted for Obama. Maybe they will think twice next time.

But the fact of the matter is that unemployment for people with bachelors degrees is a relatively modest 5.4%. So a degree still counts if you can get one without going in debt so far that you will never dig your way out.

And it is still true, as it always has been, that technical skills are more valued by the business community than your knowledge of Middle Eastern History. So these kids should stick to the computer science, engineering, accounting and health occupations and forget about the humanities as a major. You can learn that stuff on your own after you graduate if you are still interested.

7 posted on 08/14/2011 7:39:43 AM PDT by InterceptPoint (w)
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To: ken21

Earth to generation vexed...

The size of your dream is inversely proportional to the number of progressives in government.

(Look up proportional, go back to math class...and think about it...)


8 posted on 08/14/2011 7:39:59 AM PDT by Da Coyote
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Your Hope has been Redistributed. Here’s your Change!


9 posted on 08/14/2011 7:41:27 AM PDT by Gene Eric (Your Hope has been Redistributed. Here’s your Change!)
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To: ken21

Get on the Post Office or Civil Service. You’ll always have a job and a secure pension.


10 posted on 08/14/2011 7:44:40 AM PDT by Lonesome in Massachussets (Somewhere in Kenya a village is missing its idiot)
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To: Cowboy Bob

Thanks boomers! Please, stop spending our money...


11 posted on 08/14/2011 7:45:01 AM PDT by BenKenobi (Honkeys for Herman!)
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To: ilovesarah2012

Hey, good thing those Boomers voted in favour of McCain? Oh wait, no they didn’t vote for him at all.

Gosh, I guess then we can’t blame the younguns. More boomers voted for Obama.


12 posted on 08/14/2011 7:46:23 AM PDT by BenKenobi (Honkeys for Herman!)
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To: InterceptPoint

Umm, yes, but so did the Boomers. Boomers keep voting themselves to the trough.

Again, more Boomers voted for Obama, than did the young folks. He couldn’t have got elected without them.


13 posted on 08/14/2011 7:47:46 AM PDT by BenKenobi (Honkeys for Herman!)
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To: Gene Eric

my neighbors kids with kids are moving back home with the parents/grandparents. this pres is worse than j carter. I at that age held onto my job and made it.

My kids, one is working, one is in college. I am laid off, 15 months, my husband is on disability 9 months. things are not good for much of the people here.

What I do notice is all minotires are working. White people out of work Where I was laidoff, they kept all the minorities and laid me off.


14 posted on 08/14/2011 7:48:11 AM PDT by television is just wrong
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To: InterceptPoint

Do you think that the chart might be a minor clue as to the higher unemployment rate of African-Americans?


15 posted on 08/14/2011 7:48:31 AM PDT by monocle
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To: Cowboy Bob

BTW, what does one do with a major in “government?”

One becomes a taxpayer funded parasite.That’s what one becomes.


16 posted on 08/14/2011 7:49:06 AM PDT by puppypusher (The World is going to the dogs.)
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To: Cowboy Bob

Isn’t that rich? A “government major” whose sole ambition in life is to get on the public dole in order to impose more regulations and laws on business that will further diminish our national prospects — complaining about our national prospects.

That college is not succeeding with teaching critical thinking skills, is it?


17 posted on 08/14/2011 7:49:27 AM PDT by ProtectOurFreedom
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To: ken21

Remember when people said that writing all this debt was mortgaging the next generation? Well, now the next generation is this generation.


18 posted on 08/14/2011 7:52:38 AM PDT by Brilliant
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To: ken21

They wanted things to change, they voted for change..

Young people used to be able to get jobs, things certainly have changed!


19 posted on 08/14/2011 7:55:54 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: BenKenobi
Again, more Boomers voted for Obama, than did the young folks. He couldn’t have got elected without them.

Yep. My 60-something boomer parents who have voted Republican their entire lives plan on voting for Obama. Reason? They're afraid Republicans will cut off their free health care (that they didn't need when they were younger, employed and voting Republican).

People who believe that there's no way Obama can get re-elected might want to think of voters like my parents. There are millions more just like them.

20 posted on 08/14/2011 7:57:15 AM PDT by Gena Bukin
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To: TexasFreeper2009

Some of us didn’t, and are disgusted that boomers couldn’t even get over the 50 percent line.


21 posted on 08/14/2011 7:57:52 AM PDT by BenKenobi (Honkeys for Herman!)
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To: ken21

Well, you all listened to those commie professors and voted to elect the end of your dreams and a world of debt and pain.

For those youngsters that were smart enough to reject Obama, my hat is off to you.


22 posted on 08/14/2011 7:58:31 AM PDT by dforest
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To: Gena Bukin

Thank you! Finally. Someone else gets this.

This is a huge problem and is going to be a huge problem in 2012.


23 posted on 08/14/2011 7:59:55 AM PDT by BenKenobi (Honkeys for Herman!)
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To: ken21

Not if they get off their dead asses. They’ve got the whole world and their whole life in front of them and they’re scared. There’s lots of people in this world who want you to fail so their kids can have the best jobs. Seize the day! Seize your future! Seize your life! Leave the whining to Nancy Pelosi and her sister Barney Frank.


24 posted on 08/14/2011 8:07:22 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: ken21
I see this as he Jon Stewart Generation. Their attitudes and destinies are formed by the cheap, vicious, overflowing-toilet that is exemplified by the Daily Show and Colbert.

Lesson 1--Call everyone a hypocrite, whether the charge is spurious or not. Then shriek obscenities while mugging like a demented drag queen.

Until we understand why our young people find this punk to be "cool"--we're not going to understand anything.

25 posted on 08/14/2011 8:14:47 AM PDT by Mamzelle
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To: Gena Bukin
People who believe that there's no way Obama can get re-elected might want to think of voters like my parents.

You might to educate them about Obamacare and how it takes $500 billion from Medicare over ten years and uses it to supply medical care for others, and about the unavoidable rationing of Obamacare, and how "death panels" will result in seniors receiving even less care.

26 posted on 08/14/2011 8:20:21 AM PDT by Will88
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To: ken21
"Our generation is going to take the brunt of the force of the debt crisis"


27 posted on 08/14/2011 8:29:25 AM PDT by Iron Munro (One Trillion seconds = 31,709.79 YEARS / One Trillion dollars = Obama's spending for 3 months)
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To: ken21

I guess they won’t listen to old geezers, but you don’t rein in your dreams, rather you change how you go about pursuing them. Events are dynamic, the future unknown (except that it will look a lot like the past).


28 posted on 08/14/2011 8:34:54 AM PDT by TalBlack ( Evil doesn't have a day job.)
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To: ken21

Los Angeles Times article should read: Californians rein in their dreams. Here in Texas, we still have hope!


29 posted on 08/14/2011 8:43:56 AM PDT by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
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To: Will88
You might to educate them about Obamacare and how it takes $500 billion from Medicare over ten years and uses it to supply medical care for others, and about the unavoidable rationing of Obamacare, and how "death panels" will result in seniors receiving even less care.

They're not buying it. "Partisan politics" they claim and they think the term "death panel" is the most ridiculous example of fear-mongering they've ever heard of.

All they know is that their medical coverage is paid for now and they're going to trust the Democrats to keep it that way.

30 posted on 08/14/2011 8:48:53 AM PDT by Gena Bukin
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To: ken21
Wow. Where do I begin?

"...Alicia Thomas, 20, had it all planned out: career at a nonprofit, married by 24, mortgage by 26..."
Well,gee Alisha. For someone who's going to college, you don't sound very smart. Every single commencement address that I have heard given by Barack Obama or one of his comrades exhorts all of you brains full of mush types to forgo capitalist endeavors and get involved with nonprofit types. If you and all your dimwit friends steer your energies into nonprofit organizations, who you think is going to provide the jobs? Oh, that's right… I know that To all of you, jobs only come from one of two places: trees, or the government.

"...I don't want to invest in something I can't afford, given the economy breaking down," said Thomas, who is majoring in political science at UC San Diego. "I'll be taking smaller steps...."
I don't know Alicia. There's a reason the economy is breaking down, and most likely doesn't have anything to do with engineering or math majors, but I'm going to take a wild stab here and guess that perhaps political science majors might have their fingers in it somewhere. Besides, next to lawyers, political science majors have fallen pretty low on the respect totem pole, not to mention the job opportunity market.

"...Career plans are being altered, marriages put off and dreams shelved..."
When I graduated from high school, I decided 2 things: 1st, that my parents couldn't afford to send me to college. Secondly, I wasn't cut out for college, or ready for college at that point. (If I'd told my parents that I wanted to go to medical school at Harvard, they would've mortgaged everything they owned to send me there, but I wasn't going to take advantage of in that way) so I went into the military. In the military, I readied myself to go to college, and took courses in the things I was weakest in (such as math) and when I got out, I was darn well ready to go to college. I accepted money from the G.I. Bill, I lived at home, put off marriage, and went to a state college. I chose chemistry as a degree, but there were no jobs there at that point. So I found something that I was really interested in (nuclear medicine) and finished my degree in that. They told me that everyone who graduated from that program got a job. When I graduated, there were no jobs. So, I found part-time work in my field, and took some call duty at a small community hospital. I worked as hard as I could, and tried to be the best employee that I could, so that when a full-time job became available, I could go for and be as ready as could be. When that opportunity came some months later, I explained the situation to my current boss, who is dependent on my part-time work to fill his staff. But because I had laid the groundwork, worked as hard as I could, and gave them plenty of notice of my intentions, they let me go with no hard feelings and a good recommendation. THAT is how you manage a unsteady job market. If I could not have taken part-time work in my field, I would've taken part time work outside my field, and worked at that as it were my life's vocation. Even if that meant cleaning toilets, I would've done that. (Granted, the U.S. Navy did prepare me to handle that type of work pretty well, but your mind has to be open to it. Even today, if I lose my job, I will take any job, as long as I can get some pay for it.)

"... Our generation is going to take the brunt of the force of the debt crisis," said Glass, a government major at St. Lawrence University in New York. "It's going to mean fewer jobs, higher interest rates, more debt. "We'll have to sacrifice," he said. "This is a raw deal for our generation...."
Another government major. Now, I don't want to get too down on government majors, because I suppose we need some of them, just like we do need some lawyers. But I don't think we need a plethora of them. As for taking the brunt of the debt crisis, I think that you are being selfish and shortsighted in that estimation. Don't you think that a family of 5, well invested with an outstanding mortgage, car payments, and other types of financial obligations is going to take much more forceful hit from an economic downturn? Don't you think is going to be much more stressful, and difficult for them to figure out how to deal with these types of things, then someone who might supposedly be intelligent enough (such as a government major) who could see that perhaps things are unsettled, don't buy a new house right now, don't buy an expensive car, defer marriage and children for just a couple of more years until the situation is either better understood, stabilizing, or improving? Who would you rather be? To be honest, wouldn't you rather be a newly graduated college student, even one who might have outstanding student loans that perhaps they couldn't afford, but took them because what you need to do now is always more important than what you need to do later? Don't you think that all those changes in government that make these outrageous student loans more available to students with less responsibility and risk might have had something to do, at least in a small part, with the economic problems we are in?

"...The economy has been in sorry shape for so long that it has covered a significant portion of young people's lives. The recession officially ran from December 2007 to June 2009, but with slow growth and high joblessness since then, it doesn't feel much like it ended..."
I have a newsflash here for all young brains full of mush who might be listening more to the propaganda of the dear leader's pronouncements rather than looking around them: the recession did not end. Repeat, it did not end.

"...Anthony Wong, a business major at Palm Beach State College in Florida, said his peers are debating whether to finish school. They complain that an expensive degree saddled with loans no longer guarantees a good salary or even employment. "I think it'll be harder for us to buy homes or apartments or cars — those big life purchases — down the line," said Wong, 26..."
Hey, Anthony: who gave you those guarantees? Just curious, did anyone ever sit you down and hand you an embellished sheet of paper with a guarantee from some entity that you would have a good salary?

"...The job situation could haunt young people for years, said Andrew Sum, director of the Center for Labor Market Studies at Northeastern University in Boston. More than half of earnings growth over a lifetime happens in the first decade of a career, meaning that early unemployment can depress future wages for life, he said..."
More than half of earnings growth over lifetime happens in the 1st decade of a career? Okay, perhaps that might be true… but it is clear to me this guy could benefit from reading Thomas Sowell's book: “Basic Economics: A Citizen's Guide to the Economy”. I would suggest that for this statement to be true, one has to define the “1st decade of the career”.

"...I've changed my major so many times, not knowing which will help guarantee a stable income, health insurance and the ability to put my kids through college," she said..."It's made me realize that I could have my degree and be networking, but it would still be a challenge to find a well-paying job..."
Hey, Alicia: I can only imagine the quality of what you're learning if you're changing your major so many times on the basis of how much money you project to make. What do you suppose a prospective employer looking over your college record might think? Aren't you a nonprofit types supposed to be making that a back burner issue?

"...Vikram Abraham, 19, thinks many students are overly concerned about economic conditions. He's majoring in economics and accounting at UC Santa Barbara, interning at an investment bank and professes not to be worried about churning markets. "It only strengthens my resolve," Abraham said. "Most of my friends see the market as being terribly volatile, but now might be a valuable buying opportunity." Abraham is in the markets, investing for himself with confidence. He's even making what some could consider risky bets. "As young people," he said, "we have our entire lifetimes to bounce back..."
Just wow. Only the kid named Vikram really gets it here. One single non-brain full of mush out of the group. I'll hire this kid.

31 posted on 08/14/2011 8:56:38 AM PDT by rlmorel ("When marching down the same road, one doesn't need 'marching orders' to reach the same destination")
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To: television is just wrong

“all minotires are working”

Heh, heh, you may have coined a new term! As in, “some minotires say that all whites are racist”, or, “Obama can count on ninety six percent of the minotire vote”.

It just sounds kind of close to the Minotaur of Greek legend. Look him up, he was a way bad dude.

Anyway, the University of South Carolina here in Columbia is experiencing its largest influx ever of new students. I stopped by the local package store and the place was a madhouse. I remarked on this to the cashier and she said, “Yeah, and they’ve been paying with nothing but Hundreds all day, I don’t know what’s next.”

I replied, “Oh I know what’s next! Four years from now they’ll all be moving back in with Mom and Dad.”

She laughed.

;^)


32 posted on 08/14/2011 9:03:59 AM PDT by elcid1970 ("Deport Muslims. Nuke Mecca. Death to Islam. Freedom for mankind.")
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To: rlmorel

“career at nonprofit” i got a laugh at.

she must be a real parasite. works on taxpayer money, relies on money from her father and husband.


33 posted on 08/14/2011 9:04:11 AM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: TalBlack; indylindy; blueunicorn6; Mamzelle

Good responses. The common theme here is that there are no guarantees, ever, and if you think you are going to have the house, family, fancy cars, cable tv, multiple cell phones and vacations in France by age 26 like poor little Alicia, then you have another thing coming.

Every time I think of how great and comfortable my life is, I think of Poland in 1939. When you look at some of the film shot of that era, you see people dressed in suits walking down icy, snow-covered roads. They might have holes in their shoes, if they have any shoes. These were poor people. Many of those people were prosperous, and had possessions and money. They took it all for granted, in the same way that we all take it for granted. It’s human nature. But I’ll bet that as those people walked down that road, thinking of the house, china cabinet and personal belongings that they left behind, they understood that there are no guarantees. You’re not guaranteed a job… you’re not guaranteed good pay… and most of all… you are even guaranteed your life. It can end today in your car driving to the grocery store, by a bullet from a thug, or even a bullet from your own government.

There are no guarantees. But if you piss away those things you have by voting for people like Barack Obama and his like, there is one guarantee I think you can safely take from it: walking down that snowy icy road with no belongings.


34 posted on 08/14/2011 9:06:09 AM PDT by rlmorel ("When marching down the same road, one doesn't need 'marching orders' to reach the same destination")
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To: ken21

I admit that I do try to be a little more open about nonprofit organizations, and I must, because I work at one.

The nonprofit organization that I work at is a hospital, and we provide a valuable service to the community and provide jobs. So I see where nonprofit organizations can work, and the context in which they are useful.

But what I can’t see is taking all these young people, telling them that capitalism is evil, unjust, unequal, and contrary to American principles, and that they should put all their energies into not-for-profit organizations.

Nonprofits have their place… but everything cannot be nonprofit. And that is what Obama and his ilk want. The young brains full of mush can’t see past that.


35 posted on 08/14/2011 9:11:03 AM PDT by rlmorel ("When marching down the same road, one doesn't need 'marching orders' to reach the same destination")
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To: Gena Bukin

“... might want to think of voters like my parents”.

I agree! I know several couples/people in their late 60’s up to their late 70’s. They are voting for Obama again for the same reasons as your folks. They also plan on donating money to his campaign. It is an “all about my needs” vs “the needs of the country”. They don’t give a hoot about unemployment (they are retired), gas prices (they don’t go too many places), food prices (it is just the two of them and they don’t need to feed growing kids) etc... My thought is the O administration will really start pushing the “fear factor” by false statements when it gets closer to the election. Just a thought.


36 posted on 08/14/2011 9:14:11 AM PDT by momtothree
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To: InterceptPoint

Great post. Your chart needs to be repeated. Education is the best answer to have a job that can’t be exported. The less education required the more likely the job will be on the exit ramp.


37 posted on 08/14/2011 9:29:46 AM PDT by ex-snook ("Above all things, truth beareth away the victory")
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To: rlmorel

Is your hospital a nonprofit, or a not-for-profit? There are differences. There is more dignity in the latter.


38 posted on 08/14/2011 9:36:09 AM PDT by Mamzelle
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To: Gena Bukin
Try telling them that the real aim of Obamacare is to turn Medicare into Medicaid.

That's what's going down. Then ask them how they'll like Medicaid...because they probably know people who have to deal with it. See what happens, get back to me...

39 posted on 08/14/2011 9:39:46 AM PDT by Mamzelle
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To: Mamzelle; rlmorel; Liz

My thinking is that probably rimorel works for a not-for-profit rather than a non profit. Many hospitals are not-for-profit which allows them access to some public help. A nonprofit is like Sierra Club, Moveon.org, Media Matters, Center for American Progress...


40 posted on 08/14/2011 9:42:47 AM PDT by Mamzelle
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To: Lonesome in Massachussets
Get on the Post Office or Civil Service. You’ll always have a job and a secure pension.

Not the Post Office anymore. They're cutting thousands of jobs and closing post offices.

41 posted on 08/14/2011 9:52:11 AM PDT by hsalaw
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To: Mamzelle

We are a nonprofit teaching hospital with a 501c exemption. We do not have shareholders, and our profits are used to attain our goals of providing healthcare (that is, we roll those profits back in to buy equipment, expand the facilities or pay employees.)

I see the terms used somewhat interchangeably and have never really paid attention to one versus the other. Do you have some examples of each? I am curious...


42 posted on 08/14/2011 9:52:11 AM PDT by rlmorel ("When marching down the same road, one doesn't need 'marching orders' to reach the same destination")
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To: Mamzelle

LOL...as for a difference, I would guess that MY organization provides goods and services appreciated by the consumers of those services and the community in general, and THOSE organizations are devoted to destroying the country that gives them their tax-exempt status!


43 posted on 08/14/2011 9:54:38 AM PDT by rlmorel ("When marching down the same road, one doesn't need 'marching orders' to reach the same destination")
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To: monocle
Do you think that the chart might be a minor clue as to the higher unemployment rate of African-Americans?

There is no doubt about it. Single parent homes and a culture that for many black kids discourages getting an education (trying to be like whitey) is a big hurdle to overcome for many if not most black Americans.

They deserve better but they are going to have to do it using the old fashioned bootstrap method if they want to improve their lot. Depending on the Dems to deliver a better life has resulted in just the opposite and they will have to give up that hope before they will make any progress toward a better lifestyle.

44 posted on 08/14/2011 10:18:13 AM PDT by InterceptPoint (w)
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To: television is just wrong

Scary times.


45 posted on 08/14/2011 11:07:10 AM PDT by Gene Eric (Your Hope has been Redistributed. Here’s your Change!)
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To: Gena Bukin

We get the government we deserve.


46 posted on 08/14/2011 11:09:30 AM PDT by dfwgator
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To: ilovesarah2012

Don’t put this solely on the younger generation. I know lots of older people that voted for that whole “hope and change” crap and still are carrying Nobama’s water.


47 posted on 08/14/2011 11:18:52 AM PDT by Txngal
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To: ken21

I worked for a nonprofit for Boy Scouts of America. I was laid off because there are NO donations.


48 posted on 08/14/2011 11:57:12 AM PDT by television is just wrong
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To: elcid1970

lol, I was typing earlly in the morning. one handed. usually spell better than that.


49 posted on 08/14/2011 11:58:17 AM PDT by television is just wrong
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To: rlmorel
Commonly hospitals have a not-for-profit status as a way to run their business and have certain tax-exempt privileges and also some legal liability protections. Tax-exempt does not mean that when people give the hospital money that it is deductable from that person's income taxes. It just means that the hospital does not have to pay taxes on its "profits," such as they are.

Those same hospitals may have nonprofit "foundations" that fundraise like a charity with the donations being tax-deductable for people who donate to that foundation. These are often directed at purchases of equipment and facilities.

You may be farther away from working for a nonprofit than you realize.

I think the distinction is important because I happen to know some really rich people who run, IMO, phony-baloney foundations that I'd term "vanity charities." I rather despise the way they've turned a self-serving hobby enterprise into a fatuous "philanthropy."

50 posted on 08/14/2011 12:04:09 PM PDT by Mamzelle
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