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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
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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To: KansasGirl

Indeed. They reached for the “star” named Obama several years ago. Now they are reaping the results. My parents grew up during the Great Depression and WWII. They made it and never complained. I cannot feel sorry for these present day whiners.


21 posted on 08/14/2011 9:59:22 AM PDT by Henry Hnyellar
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To: KeyLargo

Not one of those “plans” is impossible in this country at any adult age, nor have they been “made” impossible by exterior circumstance. They aren’t plans in any case, they’re aspirations. What they aren’t is gifts.


22 posted on 08/14/2011 10:02:30 AM PDT by Billthedrill
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To: KeyLargo

Gen-X to Boomers: We get it now.

I seriously doubt it. Most Gen-Xers I converse with don’t have a clue.

But if you genuinely DO get it, ‘bout damned time.


23 posted on 08/14/2011 10:03:18 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
"career at a nonprofit"
"What does this mean? And how can it be a "career"?


I wondered that very thing myself.
24 posted on 08/14/2011 10:03:34 AM PDT by SpaceBar
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To: KeyLargo
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.

What's all the talk on this thread about Gen-X for? Gen-X'ers are currently in their 40s. They finished college and got jobs a long time ago. This article is about their children.

25 posted on 08/14/2011 10:17:14 AM PDT by Gena Bukin
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To: SpaceBar

It means, “Would you like fries with that?”


26 posted on 08/14/2011 10:17:59 AM PDT by Henry Hnyellar
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To: KeyLargo

GenX thought they had someone of their own...internet savvy, smooth talking, no gray hair, not someone that looked like their grandfather, someone they could relate to.

Unfortunately they didn’t take the time to investigate they were just following each other over the cliff.

You just can’t fix stupid.


27 posted on 08/14/2011 11:07:31 AM PDT by conservativesister
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To: RC2

I set my sights on being Miss America.......*sigh*


28 posted on 08/14/2011 11:15:04 AM PDT by cherry
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To: catnipman

You hit the nail on the head. Liberal arts humanities majors has always been at the back of the economic bus when it comes to grads salaries. Even more so now in the age of technology.If the criteria for granting subsidized student loans is the likelihood of pay back,student loans would not be subsidized for humanities majors. Math, science,accounting,health science,engineering, and technology majors present the best economic future for grads. I do not believe in Pell grants but if the taxpayer is forced to pay for them they should only be extended to the aforementioned majors.


29 posted on 08/14/2011 11:34:52 AM PDT by chuckee
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To: Gena Bukin
What's all the talk on this thread about Gen-X for? Gen-X'ers are currently in their 40s. They finished college and got jobs a long time ago. This article is about their children.

Thanks, I've been reading all the Gen-X hate and thinking WTF, They're talking about Gen-Y or Z.

30 posted on 08/14/2011 11:59:20 AM PDT by Malsua
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To: upchuck

I don’t believe that the graphic was meant as the GenXrs actually understand the world, but in fact it is meant to say that “It is our turn now.” Boomers get the back of the bus.

Gen-X to Boomers: We get it now.

“I seriously doubt it. Most Gen-Xers I converse with don’t have a clue.”

“But if you genuinely DO get it, ‘bout damned time.”


31 posted on 08/14/2011 1:36:52 PM PDT by KeyLargo
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To: Gena Bukin
As they are referred to: Age Size of Generation

Gen Z, Zippies Under 13

Gen Y, Millenials, Echo Boomers 14-29 70 Mill

Gen X 30-45 43 Mill

Baby Boomers 46-61 70 Mill

Traditionalists 62 +

I believe that the article is actually referring to late Gen "Y" and early Gen "X" generations.

32 posted on 08/14/2011 1:43:59 PM PDT by KeyLargo
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To: Malsua
"Thanks, I've been reading all the Gen-X hate and thinking WTF, They're talking about Gen-Y or Z."

The article refers to I think those between ages 21 now and 35: Gen-X & Gen Y.

33 posted on 08/14/2011 1:52:42 PM PDT by KeyLargo
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To: cherry

I use to set my sites on dating Miss America. Alas....she never called.


34 posted on 08/14/2011 4:25:17 PM PDT by RC2
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To: KeyLargo
I believe they will continue to do so in 2012.

maybe not

I troll undercover on a forum with a lot of 20-somethings

two years ago Obama was God

last year it was still Bush's fault

now some common sense is seeping in

another disastrous year (which looks quite probable) and they'll be R votes I believe.

35 posted on 08/14/2011 4:30:03 PM PDT by nascarnation
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To: hsalaw
career at a nonprofit

Well it could be the Fedgov, the Post Office, or a huge number of private companies operating in the Baraqqi Depression.

36 posted on 08/14/2011 4:33:24 PM PDT by nascarnation
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To: KeyLargo

Gen-X: born 1965-1984. The youngest of Gen-X is 27. Those reference in the article aren’t over 26. That’s called Gen-Y.

As if the Boomers have ever known anything like this. School was cheap, they actually taught you something, and jobs were plentiful. You could get a liberal arts degree for bumpkis and get hired about anywhere. Now, you have to have a masters degree with what used to practically be trained on the job.

Granted, they may have it good now, but they know they really don’t have a future. They are the first generation to ever really experience that.


37 posted on 08/14/2011 6:00:22 PM PDT by Free Vulcan (Obama/Biden '12: No hope and chump change.)
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To: hsalaw
career at a nonprofit

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

"non-profits" can be extraordinarily profitable, for those who run them. 

38 posted on 08/14/2011 9:54:59 PM PDT by zeugma (The only thing in the social security trust fund is your children and grandchildren's sweat.)
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To: KeyLargo; Oldpuppymax; Quix; blueyon; stephenjohnbanker; dep; Pelham; sickoflibs; M. Espinola; ...
U.S. Consumer Confidence Drops to Three-Decade Low Amid Economic Headwinds

Excerpt:

Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench. * * *

“The mood is very depressed,” said Chris Christopher, an economist at IHS Global Insight Inc. in Lexington, Massachusetts. “Consumers are very fatigued and very uncertain. In the short term, people are going to pull back on spending.” * * *

No big mystery here. About $ 4 Trillion has been lost in stock values during the past two weeks !
39 posted on 08/15/2011 4:09:20 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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