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Generation Vexed: Young Americans rein in their dreams Amid so much economic uncertainty,
Chicago Tribune ^ | Aug 14, 2011 | Tiffany Hsu and Shan Li

Posted on 08/14/2011 9:13:05 AM PDT by KeyLargo

chicagotribune.com

Generation Vexed: Young Americans rein in their dreams Amid so much economic uncertainty, many are rethinking career plans, putting off marriage and avoiding the stock market like the plague.

By Tiffany Hsu and Shan Li

August 14, 2011

Alicia Thomas, 20, had it all planned out: career at a nonprofit, married by 24, mortgage by 26.

Then financial markets went on a wild roller-coaster ride, portending that high unemployment and the stalled economy won't be rebounding any time soon.

"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."

Call it Generation Vexed — young Americans who are downsizing expectations in the face of an economic future that is anything but certain. Career plans are being altered, marriages put off and dreams shelved.

"You can't reach for the stars at this point," Thomas said.

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


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: downgrade; economy; genx; obama
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Boo hoo. Cry me a friggin river.

It is this generation that voted big time for Obama and I believe they will continue to do so in 2012.

They got what they voted for with 'President Downgrade'.

(BIG BARF ALERT)follows:

Chin Up, Gen X'ers: Obama's Right There With You

http://www.politicsdaily.com/2010/07/29/chin-up-gen-xers-obamas-right-there-with-you/

1 posted on 08/14/2011 9:13:13 AM PDT by KeyLargo
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To: KeyLargo

Her hopes got changed.


2 posted on 08/14/2011 9:16:55 AM PDT by pineybill
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To: KeyLargo

Her hopes got changed.


3 posted on 08/14/2011 9:17:13 AM PDT by pineybill
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To: KeyLargo

Kids these days.


4 posted on 08/14/2011 9:17:31 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: KeyLargo

Those of us in 56K dial-up land thank you for linking to the printer friendly version of the article.


5 posted on 08/14/2011 9:20:28 AM PDT by upchuck (Rerun: Think you know hardship? Wait till the dollar is no longer the world's reserve currency.)
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To: KeyLargo

“You can’t reach for the stars at this point,” Thomas said.

Whatever happened to “Yes We Can?”


6 posted on 08/14/2011 9:21:28 AM PDT by KansasGirl
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To: pineybill

7 posted on 08/14/2011 9:26:34 AM PDT by KeyLargo
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To: KeyLargo

Has anyone besides me ever noticed these sob stories about graduates with lowered expectations never have degrees in engineering or computer science?


8 posted on 08/14/2011 9:30:04 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: KeyLargo

But But, their savior said it was Bush’s fault!\s


9 posted on 08/14/2011 9:31:23 AM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: KeyLargo
Career plans are being altered, marriages put off and dreams shelved.

Marriages put off? What does the economy have to do with that, unless you want a big expensive wedding or are a gold digger looking for a rich mate as opposed to a spouse you love.

Career plans being altered...Isn't that true for all of us, even mid to late career? Just be glad you aren't close to retirement and your savings is being reduced.

Dreams Shelved...That's life.

10 posted on 08/14/2011 9:32:04 AM PDT by SteamShovel (Smart Grid is Stupid)
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To: pineybill

Kids today need to stay positive. Set their goals extremely high. If they focus on the higher goals, they will go through all the other stuff without knowing it. Don’t let anyone tell them their goals are crazy. If you want to make $500,000 a year, look at every pay check and visualize it at $10,000. One thing for sure, if they take a production job and they set their sites on being the production lead person, that’s all they will be. Set the sites on running the company and believe you will get there. Keep that in focus and one day, you just might get there or at least most of the way.

The main thing is to stay positive, even with set-backs. There’s an old saying....”Take the cotton out of your ears and stuff it in your mouth.” Mouth shut, ears open. You may not like everything in a job, but shut up and learn until you are in command.


11 posted on 08/14/2011 9:34:10 AM PDT by RC2
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Click the Camera!

Just As Long As It's GREEN Cheese!

Donate, preferably monthly
A sponsoring FReeper will give $10 for each New Monthly Donor

12 posted on 08/14/2011 9:36:44 AM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list.)
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To: KeyLargo

Shouldn’t have been such sheep in ‘08 voting for the Kenyan.


13 posted on 08/14/2011 9:40:02 AM PDT by DRey
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To: RC2

I foresee these same GenX spoiled brats joining in future street disturbances and riots in the U.S. if Obama is defeated at the polls.

“”THE GRAMMAR SCHOOL GIRL: Millionaire’s daughter Laura Johnson, 19, was charged with stealing £5,000-worth of electronic goods, including a Toshiba TV, Goodmans TV, microwave and mobile phones. The goods were allegedly found in a car being driven by Miss Johnson after a branch of Comet in Charlton, south-east London, was raided.” (You have to forgive me on some of the British pronunciations.) Then the others cited are explained, demographically and who they are. So all these liberals, and even David Brooks here at the New York Times, “faux conservative,” all these people, “Yeah, these poor people, oh, gosh! It’s so unfortunate! Tea Party, Tea Party ideas have come to Britain, Cameron cutting spending, deprive them. It’s totally understandable that they’d want a TV and a mobile phone! I mean, they practically deserve this, as mistreated as they are.” Nah. Nah. It’s just a bunch of spoiled rotten bored rich kids. Not all, of course, but in many cases.”

http://www.rushlimbaugh.com/home/daily/site_081211/content/01125110.guest.html


14 posted on 08/14/2011 9:42:49 AM PDT by KeyLargo
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To: KeyLargo
career at a nonprofit

What does this mean? And how can it be a "career"?

15 posted on 08/14/2011 9:44:01 AM PDT by hsalaw
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To: hsalaw

You know, one of those positions where she get’s to “do something” to help others, get a cushy salary, and never have any real duties or responsibility.


16 posted on 08/14/2011 9:49:38 AM PDT by Professional Engineer (Gov. Perry is a solid conservative... as long as it's campaign season.)
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To: hsalaw
"career at a nonprofit"

"What does this mean? And how can it be a "career"?

17 posted on 08/14/2011 9:51:30 AM PDT by KeyLargo
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To: KeyLargo

Alicia Thomas, 20, had it all planned out: career at a nonprofit, married by 24, mortgage by 26.

Career at a non profit...translation, some left leaning or environment wacko group leaching on the government and the public in general for their “funding”.

Married by 24...I did not know that a career dictated whether one got married...silly me.

Mortgage at 26...You have to be able to pay it back, age is not relevant.

Political science degree...that is a winner there.

Look at it this was honey, this is someone who I know pretty well:

Accounting/Finance degree at 21...ETS Army at 25...real job 2 weeks later in an earlier recession...GI Mortage at 30...not married till later and no children out of wedlock ever...It is called rational.


18 posted on 08/14/2011 9:51:57 AM PDT by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: KeyLargo

Chin Up, Gen X'ers ...

I generation (or two) lost in the digital bubble of fantasy.
Back in the '90s, a Marine general commented that the recruits they were receiving were smarter than those of the past. Of course, with HS graduation a requirement, that only made sense.
However, he was quick to add that they also were noticeably different physically - many had no street smarts, had never played sports, never been in a fight ... not even yelled at by their parents.
19 posted on 08/14/2011 9:52:48 AM PDT by oh8eleven (RVN '67-'68)
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To: KeyLargo
They got what they voted for with 'President Downgrade'.

That's true, but the trends that have led to our economy going down the tubes have been in place much longer than Zero has been in the Oval Office.

20 posted on 08/14/2011 9:56:30 AM PDT by Oberon (Big Brutha Be Watchin'.)
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