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Millennials hit 30: It's the economy, not us (Obamas world)
NBC News Business KC ^ | February 1,2014 | Allison Linn CNBC

Posted on 02/02/2014 6:52:57 AM PST by Hojczyk

Turning 30 used to mean hitting your stride as an official adult. But for many of the country’s millennials, it feels like being stuck in perpetual late adolescence.

Marriage eludes many. Children? Not anytime soon. Most millennials have some sort of job, but for many a career seems unobtainable. A home of their own? Lots of them have had to move back in with mom and dad or shack up with roommates. That’s not the place where many millennials expected or wanted to be as they enter their thirties.

What happened? One major culprit, say many millennials: The lousy economy

“It’s kind of a disillusionment that we’re facing,” Trowell said. “We were told that you can be anything you want, and now here we are and you can’t find a job.”

About 74 percent of the oldest millennials — those who are currently ages 25 to 32 — were employed in 2013, according to an analysis of government data prepared by Pew Research Center. That’s down from 79 percent who were employed in 2007.

Millennials also are getting married later. In 2013, the median age of a first marriage was 29 for men and 26.6 for women, according to Pew data. That’s up significantly from just 18 years ago, when the median age of first marriage was 26.9 years old for men and 24.5 years old for women.

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


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government
KEYWORDS: millenials
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1 posted on 02/02/2014 6:52:57 AM PST by Hojczyk
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To: Hojczyk

Holy crap. As a baby boomer, I was on my own at 18, married at 21, and started my current career at 25.


2 posted on 02/02/2014 6:58:12 AM PST by MNnice
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To: MNnice

Between then and now, millions of good jobs were sent from American, to China.

Same jobs. Producing the same things. The same people are buying, the same stuff.

Except the jobs aren’t in America now. Now American workers don’t have jobs.

They’re in China. Bring back American jobs.


3 posted on 02/02/2014 7:01:22 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Hojczyk

For the millennial I know it’s them. I’m sure there’s plenty it’s not, but the ones I know couldn’t find work in the Reagan economy because they wouldn’t look.


4 posted on 02/02/2014 7:02:01 AM PST by discostu (I don't meme well.)
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To: Hojczyk

A job and a marriage is so yesteryear. After all, in Obama’s America, you are married to the state and the state will pay you not to work and will feed you, as well. All praise to Obama...


5 posted on 02/02/2014 7:02:42 AM PST by Truth29
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To: MNnice

I, too, was on my own at 18, and so were most of my friends. We had our own little apartments, jobs and cars. Now my friends’ kids are in their mid-20s to mid-40s and are still living at home. The few who aren’t living with their parents have several roommates. Not one roommate...but three to six roommates! Many of those still living at home are unemployed. Some have college degrees but either can’t find a job or they finally found a job at Starbucks after a long search and are grateful to have it.

This is very ominous, because young people are not going to be able to get married and have families because of this. And then what? Right now they’re living off the wealth of the Greatest Generation and Baby Boomers, and what happens when that’s gone?


6 posted on 02/02/2014 7:05:43 AM PST by Nea Wood
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To: Hojczyk
The Conservatives need to campaign against the media. Newt Gingrich is good at this. Sarah Palin is good at this. It needs to become a universal trait. Propaganda is a very big deal in this country, and opposing someone like Obama is not such a big deal -- the emperor truly has no clothes. What makes the job hard, however, is that the emperor is protected by a bodyguard of lies comprised of the media sycophants. Those are the real enemies.

New media is what the Millennials use and the Conservatives need to focus there. Rachel Maddow and Chris Matthews need to become national jokes. Take the power from the purveyors of Propaganda and decentralize it amongst the young and connected. The truth will be harder to hide.

7 posted on 02/02/2014 7:05:43 AM PST by ClearCase_guy (Anti-Complacency League! Baby!)
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To: Hojczyk

I know a millennial who’s about 30, making over $90,000, a year as an engineer at a large medical devices company, living in an apartment he can afford, but will not commit to marriage or a home.


8 posted on 02/02/2014 7:07:59 AM PST by James C. Bennett (An Australian.)
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To: Nea Wood

Americans really, really need to get with American jobs.

We have been exporting jobs for so very long, we no longer get, that is a way to eliminate our own nation from the lead.

America needs to bring back jobs. American jobs.

Stop buying everything from China.


9 posted on 02/02/2014 7:08:58 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Hojczyk

How the hell are these kids going to support us boomers if they don’t get better jobs? The audacity of them.........


10 posted on 02/02/2014 7:10:56 AM PST by umgud (2A can't survive dem majorities)
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To: MNnice

today’s crop of young 20’s are still out skateboarding until they have a full beard and beer belly

don’t they chase girls anymore at that age?


11 posted on 02/02/2014 7:12:51 AM PST by Mr. K (If you like your constitution, you can keep it...Period.)
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To: Mr. K

They don’t have to. If they’re hetero, girls and older women chase them.


12 posted on 02/02/2014 7:14:47 AM PST by jjotto ("Ya could look it up!")
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To: Cringing Negativism Network

Can you please give it a rest?


13 posted on 02/02/2014 7:16:26 AM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: MNnice

My two eldest granddaughters 27 and almost 30 are doing great. Both graduated college Summa, traveled the world. 30 yo has been married 7 years, her sister 6. Both are self employed, one an award winning wedding photographer, the other an artist who has showings at New York art galleries. Their younger sister (24) another Summa grad is a 4th grade teacher at an international school in Ghana. The Ambassador to the U,N. for Africa children are some of her students. I have four more all on the same path to be productive citizens from day one. Not having a lot of money can be a real blessing. No spoiled children!


14 posted on 02/02/2014 7:20:05 AM PST by Coldwater Creek
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To: Hojczyk

15 posted on 02/02/2014 7:20:10 AM PST by JoeProBono (SOME IMAGES MAY BE DISTURBING VIEWER DISCRETION IS ADVISED;-{)
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To: Hojczyk
Their problem: they were stupid and lazy enough to believe the Leftist propaganda.

If they don't wake up soon, they're going to have a lot more to complain about than this! Instead of living with Mom and Dad, they're going to be living in a Coast-to-Coast Detroit!

ADVICE TO "MILLENNIALS": Join the Tea Party. Go to their meetings and rallies. Shut-up and listen.

16 posted on 02/02/2014 7:20:39 AM PST by Savage Beast
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To: Cringing Negativism Network
Between then and now, millions of good jobs were sent from American, to China. Same jobs. Producing the same things. The same people are buying, the same stuff. Except the jobs aren’t in America now. Now American workers don’t have jobs. They’re in China. Bring back American jobs

You do realize, that the USA is a net-importer of jobs? More jobs from foreign countries are brought into the US than are exported abroad.

17 posted on 02/02/2014 7:21:17 AM PST by Go Gordon (Barack McGreevey Obama)
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To: SVTCobra03

Excuse me, America is currently 17 trillion dollars in debt, and growing.

Millions of American jobs have been exported to China. America meanwhile, is facing budgetary problems, and even a shrinking military budget.

China runs a 300 billion a year, and growing surplus with America.

Now America doesn’t have enough jobs. All our stores are filled with goods made in communist China, and we are not even willing to discuss that perhaps, we did this to ourselves.

No. Sorry I will not shut up. Not while American jobs are being sent overseas.

America needs jobs.

Jobs.


18 posted on 02/02/2014 7:21:41 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Go Gordon

I say baloney on that claim.

You have some evidence to support it?


19 posted on 02/02/2014 7:23:15 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: MNnice
Holy crap. As a baby boomer, I was on my own at 18, married at 21, and started my current career at 25.

Same here...

Big difference is I didn't FEEL entitled to a job, a life, a career like many of these whiny crybabies do today...

I know "I" had to make my life, not wait on some other entity like mom or dad or uncle sugar daddy to grease the path for me...

At 22 I was married had two children worked a full time job and went to school three nights a week...

Ask most of these kids today to do that and you get this incredulous look like "are you insane" ...

20 posted on 02/02/2014 7:24:57 AM PST by Popman ("Resistance to Tyrants is Obedience to God" - Thomas Jefferson)
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To: Nea Wood
Right now they’re living off the wealth of the Greatest Generation and Baby Boomers, and what happens when that’s gone?

What do you expect? College costs have skyrocketed to $200k for a four-year degree. The economy sucks. There is lettle to no private construction projects. Those that did have things going in the right direction as recently as 2007 had the value of their homes and investments cut in half. Now with Obamcare, companies have cancelled health insurance policies and cut their hours back to less than 30. Right now they’re living off the wealth of the Greatest Generation and Baby Boomers, and what happens when that’s gone? My kids are 26, 31 and 32 and all are now on their own - through hard work and sacrafice, but it has not been easy for any of them. Conditions out there suck, and its my generation's fault for allowing it to happen.

21 posted on 02/02/2014 7:27:44 AM PST by Go Gordon (Barack McGreevey Obama)
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To: Cringing Negativism Network
Between then and now, millions of good jobs were sent from American, to China.

As were entire factories and tooling, not to mention intellectual property. We'd have to get that back as well, or re-build it. As for IP, once it's gone, it's GONE.

22 posted on 02/02/2014 7:28:10 AM PST by Noumenon (Resistance. Restoration. Retribution.)
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To: Popman

I joined the army at 18 while some in my graduating class decided to take ayear to “find themselves”.

Last I heard of them, they were living with their parents, smoking pot ans still looking ....

what did “Ben and “Eliza” think would happen? “Graphic design” sounds suspiciously like the kid who used to paint the top of his skateboard a different color every couple of weeks.

RLTW


23 posted on 02/02/2014 7:32:13 AM PST by military cop (I carry a .45....cause they don't make a .46....)
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To: Noumenon

No it is not gone.

The problem is, China is aggressively playing us.

China keeps things. China keeps jobs. China keeps money. China is always looking out, for China.

America needs to look out for America.

Stop looking out for China. China is doing that, just fine. We need to look out for our own country now.

Stop manufacturing things in China, to be sold in America.

Bring back American manufacturing.

There is more to our trade problems, than just manufacturing, but our trade deficit is a big, big problem.

Bring back US jobs.


24 posted on 02/02/2014 7:33:06 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Nea Wood

” Right now they’re living off the wealth of the Greatest Generation and Baby Boomers———”


You might want to get out your history books.

You missed an entire generation that was born between both of the ones you mentioned.

.


25 posted on 02/02/2014 7:35:09 AM PST by Mears
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To: discostu

Yep, all the ones I know having trouble... it’s THEM

They either have completely worthless college degrees or none at all.

They show up for job interviews and/or work (if they show up at all) doped up and covered with tattoes and piercings to the point of looking scarier than a monster from old horror flicks.


26 posted on 02/02/2014 7:35:24 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Cringing Negativism Network

Well, yeah?

But they arent something to pack up and transport from China like some sort of product. China and India are offering a much more lucrative market than we are. Like it or not.

Want jobs? Well then you are going to have to create them. You are going to have to create something that people want, go through all of the government tape to get it started and then be able to pay people enough while keeping the cost of the product low enough so people will buy it.

Stomping you feet and demanding someone do something isnt going to do squat. No company is required to be in the US just because. If they cant compete, then they go under, and that job wont get “shipped” to China, it will just vanish.


27 posted on 02/02/2014 7:35:25 AM PST by VanDeKoik
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To: VanDeKoik

America’s need from trade tariffs is LONG overdue.

We need to protect America.

We need to straighten out our trade imbalance with China.

China is becoming a global competitor to America.

China now exports more than we do. Yet we sit by, idly, while our stores are filled with Chinese imports.

You may or may not agree with trade tariffs, but I say we need to act.

Stop selling out America.


28 posted on 02/02/2014 7:38:23 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Mr. K

They don’t have to chase the girls, the girls today are all like Sandra Fluke and are ready and willing as long as the government is paying for the birth control.


29 posted on 02/02/2014 7:39:36 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Cringing Negativism Network

I have one millennial friend I work with. Sadly, at 31, she is already divorced. The big thing now is to shack up with someone, which she is doing, even buy a home and spend every waking minute with them, yet not “commit” to marriage ...

I don’t get it. If I was not to commit, I’d just date, have fun and forget about it.


30 posted on 02/02/2014 7:40:03 AM PST by LibsRJerks
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To: Cringing Negativism Network

You are 100% correct. Both political parties sold out the American worker for campaign funds from Wall Street and the multinationals. Our 25 year experiment with one-sided free trade has been a disaster for the economy, for the American worker, and for our national security.

Now they are sending American agriculture overseas. At a time when chickens grown in China are infected with bird flu and not fit for human consumption, agribusiness and the administration have conspired to begin sending US chickens to China for processing and then sent back to a supermarket near you. At the same time the Department of Agriculture is cutting back the number of food inspectors and allowing food processors to self police while permitting them to speed up the lines. Apparently it occurs to no one in government or industry the Chinese might cheat, diverting the American chickens to Chinese tables while sending the infected birds to the US.

At US food processors, immigrants provide most of the labor. When those jobs go overseas what will these immigrants do for jobs? They’ll stand in line with the millenials

For most of its history the US had high tariffs and we built the strongest economy in the world. During the 19th century the federal government was funded primarily with tariffs and fees. Why should American companies pay a corporate tax rate of 30% for goods they produce at home when foreign factories are not taxed at all for free access to the largest consumer market in the world? This is not free trade.

Free trade to the founders did not mean no tariffs or duties. Free trade meant American merchants were free to trade with any nation, not that imports were free from duties and fees.

The evidence is in. High tariffs in the 1800’s allowed the United States to build the strongest industrial infrastructure in the world and the most prosperous middle class. The elimination of tariffs and quotas since 1990 has resulted in the great American manufacturing engine being dismantled, a shrinking middle class job opportunities, declining household incomes for the first time in our history, and the explosion of the welfare state. The prescription is clear. Raise tariffs, lower taxes and regulation on businesses manufacturing products in the US and you’ll see factories and jobs return.


31 posted on 02/02/2014 7:41:23 AM PST by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: Hojczyk

I’m 32, I was married at age 23. I make a decent living in IT, but I’ve had to job hop a lot due to layoffs and outsourcing.


32 posted on 02/02/2014 7:41:45 AM PST by miliantnutcase
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To: LibsRJerks

My own daughter is 26, has a fantastic job and future, but she’s loaded down with a TON of school loan debt. It really messes with her idea of marriage and getting down to business with buying a home, etc.

These kids can’t win ...but it doesn’t seem to matter to them ... they don’t seem to think a year beyond the future, ever.


33 posted on 02/02/2014 7:43:11 AM PST by LibsRJerks
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To: Cringing Negativism Network
I say baloney on that claim. You have some evidence to support it?

Yes, I believe it was from the Dept of Labor. I think you are mixing up job exports, with buying foreign, and logistical/global competitiveness.

Global competetiveness: Long ago, Budweiser would ship its beer oversees. However, it got to the point that it could not compete with foreign local brews, so it built a plant in Wales. As a result, it did not need the US capacity previously utilized for its exports - and jobs were reduced. I assume you would say those jobs were exported, but in reality they wold have been lost regardless.

As far as buying foreign goods versus made in the USA - that has resulted in job reductions here, and increases in jobs abroad. That is not the same as companies "exporting" jobs. They simply lost market share.

Additionally, think of all the foreign companies that make their goods here. Take the car industry, for example. Saturn? Honda? Toyota? Don't they all have plants down south, using USA labor? Many of the labor problems we experienced over the years were due to not changing with the times. Unions for factory workers have outlived their usefull lives, but in the meantime, competition made companies paying $35-40/hour to turn bolts obsolete.

Lastly, automation has taken its toll on human jobs. ATMs vs bank tellers; Self-checkouts at stores vs cashiers; robotics vs autoworkers, bottlers, and a whole host of other manufacturing jobs. There is no bigger example than farming. In 1900, 38% of the work force were agricultural. Today, we produce far more food today, yet only 1% of the work force is in agriculture.

There are so many more examples of improvements causing the loss of jobs here; far more than companies simply exporting jobs such as technical support and customer service phone operators.

34 posted on 02/02/2014 7:44:51 AM PST by Go Gordon (Barack McGreevey Obama)
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To: SVTCobra03

Thank you!


35 posted on 02/02/2014 7:47:37 AM PST by gogeo (The Republican Party is not ours, it is theirs.)
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To: Cringing Negativism Network

But with tariffs you get counter-tariffs. China can easily slam the market shut for American products. That’s billions of dollars in lost business that foreign companies will eat up with no reservations.

And what American company is going to side with us when their manufacturing base is in China, and the growing consumer culture of SSE Asia is offering far greater profits? Close their shop in Guangzhou to open it in Akron? That’s not going to happen. Jobs aren’t gifts, they are products of necessity that arises from a balance between cost and profit/reward. If it costs more to be in the US then why be here?

The only way that anything will come here is when the government regulations fall way down, Americans get used to the idea of making less, taxes drop greatly, and people are hell-bent on buying only stuff made in the U.S. and doing it frequently enough to offset the tariffs that will be put on our exports.


36 posted on 02/02/2014 7:48:59 AM PST by VanDeKoik
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To: Go Gordon
Lastly, automation has taken its toll on human jobs. ATMs vs bank tellers; Self-checkouts at stores vs cashiers; robotics vs autoworkers, bottlers, and a whole host of quote “other manufacturing jobs. There is no bigger example than farming. In 1900, 38% of the work force were agricultural. Today, we produce far more food today, yet only 1% of the work force is in agriculture.

There are so many more examples of improvements causing the loss of jobs here; far more than companies simply exporting jobs such as technical support and customer service phone operators. “

you can thank the minimum wage for that.

Every time the minimum wage is raised, it becomes more and more cost effective to just find a way to replace people with a machine.

Business will ALWAYS choose the cheapest option. If the minimum wage were eliminated and it then became cheaper to pay people $1 an hour or whatever to pick corn than it is to buy and maintain an expensive machine, millions of people would suddenly find jobs in agriculture again.

37 posted on 02/02/2014 7:50:04 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Go Gordon

Yes, I agree with you.

I am speaking specifically about America’s trade deficit.

Not as in American companies, but rather our actual trade. “American” trade as in, trade manufactured by American companies anywhere in the world, is no doubt still healthy.

What I am talking about is America’s trade deficit.

America is in big, big trouble in this regards. We really need to bring back jobs, right here to America.

Stop importing everything.


38 posted on 02/02/2014 7:50:22 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: James C. Bennett
I know a millennial who’s about 30, making over $90,000, a year as an engineer at a large medical devices company, living in an apartment he can afford, but will not commit to marriage or a home.

Sure he isn't "batting for the other team?"

Regards,

39 posted on 02/02/2014 7:51:41 AM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: Cringing Negativism Network
America needs jobs...

Really.

Need never got anyone anything, unless it meant they got off their butts and made it happen...or voted for a politician to force someone else to make it happen for them.

What are you doing to create and provide those "good jobs?"

Details, please. Show us how it's done.

40 posted on 02/02/2014 7:52:23 AM PST by gogeo (The Republican Party is not ours, it is theirs.)
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To: VanDeKoik

Except China really cannot “slam the door” on American imports, because there aren’t that many.

China imports approximately 100 billion a year, at present, from America.

China meanwhile exports approximately 400 billion a year to America. Hello?

China is royally scr*wing America in the long run, and American companies are participating.

Completely.

Where are American companies?


41 posted on 02/02/2014 7:54:35 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: alexander_busek

“Sure he isn’t “batting for the other team?””

Did it ever occur to you that maybe he just doesn’t want to get married?

.


42 posted on 02/02/2014 7:57:10 AM PST by Mears
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To: Cringing Negativism Network

I rarely see anything Chinese-made in the fuel transport, storage and dispensing business.


43 posted on 02/02/2014 8:00:13 AM PST by jjotto ("Ya could look it up!")
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To: Hojczyk

Julia and Pajama boy reach age 30 in the Era of Baraq.
So will they vote for Hillary next time?


44 posted on 02/02/2014 8:07:57 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: alexander_busek

Nope.

He has his pick of several women.


45 posted on 02/02/2014 8:09:47 AM PST by James C. Bennett (An Australian.)
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To: gogeo

Alright, lest I be accused of only complaining, without ever saying how we can fix this huge mess:

A proposal for dealing with China, and world trade.

(I know there are those of you who are so strongly on the “free trade” side of things, this won’t be accepted in your view of the world. For those of you, I only ask you to think about things)

America as a country needs to look out for trade. For an entire generation, we have been selling off America’s trade assets. Many of those, went to China.

Unfortunately, now China is growing. China now exports more than America, and is rapidly advancing technologically. Their military is also rapidly improving. All the trade balance does, is weaken America (and further grow China’s significant military power)

America in my opinion, needs to stop this. We need to grow, and we need to compete. As a nation, against other nations like China.

My idea is a universal, global, import tariff.

On everything imported.

Everything. One single tariff. No exceptions. No goods singled out. Nothing excluded.

Whatever we as a nation decide we need as an import tariff, we need to charge everything being imported to America.

Oil. Food. Manufactured goods. Everything is charged one import tariff, if it wasn’t originally from America.

This will stop the current situation, of America constantly losing jobs.

What that percentage is, is a completely different discussion, and I won’t even raise that issue now.

But America we are hurting. America is hurting.

We need jobs.


46 posted on 02/02/2014 8:11:05 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Hojczyk

For me the money line occurred early in the article: “We could be anything we wanted to be.”

The millennials are just learning that wanting something doesn’t mean you are going to get it. If you are willing to work to get something your lifestyle is considerably better.

The millennials are also just learning how to deal with failure and rejection. These skills of adulthood used to be taught in elementary school both in and out of the classroom. Much of my approach to life, both good and bad, came from elementary school and the playground around it.

The greatest generation, in their own words, is rapidly fizzling out when feelings and emotions are replaced by effort and performance.


47 posted on 02/02/2014 8:24:43 AM PST by Nip (BOHEICA and TANSTAAFL - both seem very appropriate today.)
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To: Cringing Negativism Network
You always fail to consider that China has thrown off the old isolationist policies and released the people to work and become like much of the world. The attempt to hold back the aspirations of the great masses of Chinese people is a futile effort.

China is much much larger than us and it is unreasonable to think the Chinese economy can not grow to exceed all others.

We are able to do business on a two way basis with China. There are uncountable American jobs steming from American exports.

Trade, not isolation, makes the world go round

It is not Ol' Mao's world any more

48 posted on 02/02/2014 8:26:40 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: Hojczyk

After 4 generations of lower and lower standards, what did we expect, excellence?


49 posted on 02/02/2014 8:28:21 AM PST by CodeToad (When ignorance rules a person's decision they are resorting to superstition.)
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To: Cringing Negativism Network
It is the government that sent jobs to wherever…The EPA and government regulating everything…How long does it take to build a plant in California???

I built a few chip plants in Colorado Springs,…the EPA chased them out .. lot of chemicals in the chip business…Intel founder was from Europe somewhere and vowed he would never built a chip plant over seas…he gave up and moved to ASIA.

There was a little girl on Megyn Kelly. the other night eleven years old and had built up quit a cupcake business from home…til the health department heard about it..

50 posted on 02/02/2014 8:29:54 AM PST by Hojczyk
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