Skip to comments.The lost generation: Recession leaves young adults still living with mom and dad
Posted on 09/23/2011 1:42:10 PM PDT by Niuhuru
In record numbers, they're struggling to find work, shunning long-distance moves to live with mom and dad, delaying marriage and raising kids out of wedlock - if they're becoming parents at all.
Young adults are the recession's lost generation in the U.S. The unemployment rate for them is the highest since World War Two, and they risk living in poverty more than others - nearly one in five.
There are missed opportunities and dim prospects for a generation of mostly 20-somethings and 30-somethings coming of age in a prolonged period of joblessness.
(Excerpt) Read more at dailymail.co.uk ...
Young males without college degree suffering due to less blue-collar demand
Housing bust, budget deficit and meltdown in manufacturing partly to blame
What this tells us: a nice, pricey university degree for a cushy, non-hard-materials-related job ISN’T a good investment for your average high school grad, especially given school tuitions and the cost of borrowing.
Unless your child gets into an Ivy League school with a scholarship, or he/she is pursuing a degree in engineering, architecture, nursing or medicine (and even on this last one, make sure the kid is the sort who WILL go to med college and FINISH the degree), look into alternatives.
If the kid wants to travel, see the world, learn things? Actually, university in Europe is much cheaper, even for non-Europeans. That needs to be your priority when thinking of non-lucrative degrees.
To those young people and parents who voted for nobama: Bwaaaaaaaaaaaaaaaaaaaahahahahahahahahahahahahahahahahahahahahahaha!
To those who didn’t: There is an election coming up soon. Vote for Conservative/Tea Party people to overcome this madness.
Yep, we should rethink the idea that going to college, and majoring in anything, will be the ticket to a middle class or “yuppie” lifestyle.
Some parents and kids just expect that they will go to college, whether they have any idea of what they want to do in the future or not. In such cases, college is a finishing school or way station in life. Is that really the best use of time and Dad’s checkbook, and worthy of borrowing thousands of dollars to do this?
Maybe they can vote for Obama again.
“HOPE AND CHANGE” has now become “HOME AND STRANGE”
My goal (having two toddlers) is to have them own a business and a home, however humble, before they leave high school. Full independence, born of their own hard work. Creative inexpensive options abound. Looking back, I see I had such opportunities, and even considered them, but for whatever reason didn’t quite go there; mine will have that opportunity.
Thad McCotter had the best quote about this. He said “President Obama has a place for young people just out of college in his economy. Its their parents basement!”
I think Obama would call it fulfilling his promise to provide more affordable housing.
4 years in the Marine Corps, THEN college while working full-time. Was good for my son!
This has been the normal status in Europe for several decades now. Sitting around eating out of Mommy and Daddy’s fridge up into your 30’s just makes you even more inclined to vote Socialist.
Practically speaking, a lot of this nonsense will continue until the higher education bubble bursts. This will happen when some influential State legislator develops a simple philosophy.
1) The sole purpose of State funding of higher education is so that graduates will be able to get better jobs, thus contributing more to the State with their career and success.
2) Make a list of majors offered by State universities, compared with how many job placements those majors’ graduates have, in their field, within six months after graduation.
3) Many of those majors have *never* placed a single graduate in a career based on that major. So why is the State subsidizing them?
4) If students are willing to pay for a major, or a graduate degree, that will not provide them with a job placement within six months after graduation, they should be free to fully fund that major or degree with their own money. But if not enough students are willing to pay, then that major should no longer be offered.
5) The same rule should apply to all elective coursework offered to students in approved majors. If that elective course substantially contributes to their major, it should be retained. If it does not, and not enough students are willing to pay for it out of their own pocket, then it should not be subsidized by the State.
The bottom line for all of this is that many students and potential employees are wasting four of their most productive work years, with only deep student loan debt to show for it. They would be better off with having no debt, and four years in a skilled trade that would earn them money. Unless they are studying one of those majors in high employer demand.
“To those young people and parents who voted for nobama: Bwaaaaaaaaaaaaaaaaaaaahahahahahahahahahahahahahahahahahahahahahaha!
To those young people and parents who voted for nobama don’t bother going to college or any higher education you are too stupid in the first place.
“Practically speaking, a lot of this nonsense will continue until the higher education bubble bursts.”
Which is the exact source of many problems these young adults are having. College and university isn’t about going and getting a more specified education, but more about getting a piece of paper and then getting an income the idiots feel ‘entitled’ to without gaining experience as well as becoming a hard worker. There is little point to going to school if you want to study the arts, or at all study something that can be learned through picking up a book. A real problem among some students is a lack of drive and willingness ot make an extra effort to learn something. If you ahev to be assigned a book to read about a subject you are interested in sutdying (sciences and engineering aside) then there is no reason that you should be in that field in the first place.
These young people are learning a valuable lesson: They will never buy a home or have children.
A friend in his early fifties was venting about taking a ton of crap from his boss, who was just having a bad day (and distributing it evenly among all employees); he said the boss could do that because he knew they had families & mortgages. Young men in particular learned to avoid those pitfalls, apparently too well. Why lose a house in foreclosure and your children in a divorce, when you can avoid both scenarios? I personally chose to have a family and buy a home, but if things looked like this 15 years ago I probably would have done neither of them.
Fortunately for the human race, God invented alcohol.
“These young people are learning a valuable lesson: They will never buy a home or have children.”
Only if they have kids out of wedlock and the home will come only if they are on welfare. So, either the smart and hardworking leave the ocuntry or never have kids and a nice place ot live.
And in this day and age, the “solution” is going to be take away from those who have and give to those who have not, setting the process up to continue.
Exactly. Also, don't forget how easy it is to get straight 'A's these days even if they don't really know the subject matter because teachers aren't tough enough.
Some kids just aren't cut out for college, but their parents have been fed the idea that their teenagers have to get a college degree in order to get a job. I guess the kids could all become professors and keep up this endless cycle of nonsense. Plus, many of the 'professional' jobs are...awarded...to foreign-born students.