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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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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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To: bert

Why don’t you shove your gloBULLism up your container ship. We sold out out industrial base to COMMUNISTS. Get it? I guess you are one of those idiots that thinks a piece of crap Chinese made $1.00 screwdriver would cost $10.00 if made in the USA. How can we survive idiots, fools and traitors all at the same time.


51 posted on 02/02/2014 8:30:41 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: military cop

” “Graphic design””

I’ve known several idiots willing to pay $150,000 for such a “degree”. They learn little but think they will be the next Pixar animator making a bazillion dollars. The ones I know are 24+ and still living at home and proclaiming, “Well, I just have 2 more quarters to go before I graduate.” None ever graduate. They are usually nerds playing D&D all night and failed to launch.


52 posted on 02/02/2014 8:32:06 AM PST by CodeToad (When ignorance rules a person's decision they are resorting to superstition.)
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To: Go Gordon
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.

I guess the 90 million unemployed adults would disagree. So where are your references to your claim? Show us.

53 posted on 02/02/2014 8:32:32 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: bert

I get your point.

I lived there. I get your point. However our system is failing.

China isn’t open. One cannot buy Chinese land. One cannot own Chinese companies, the only thing Americans can do there, is buy a minority interest. China is communist.

We are giving everything to China.

China has five times America’s population.

We are giving everything away.

I get your point. I get it, trust me. But America needs to look out for America.

It is that simple.

America needs to grow. America needs to compete.

We need to stop selling out to China.

China has a lot of fabulous things about it. But so does America.

It is time to focus on America for a while.


54 posted on 02/02/2014 8:33:33 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: miliantnutcase

” I make a decent living in IT, but I’ve had to job hop a lot due to layoffs and outsourcing.”

Unfortunately, that is IT. It has become a really stupid industry run by idiots. It is why so many younger adults do not go into IT and there is a real shortage right now. They saw the frustrating lives of their parents who were in IT and want nothing to do with it. There are better ways to make the same money now.


55 posted on 02/02/2014 8:34:11 AM PST by CodeToad (When ignorance rules a person's decision they are resorting to superstition.)
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To: VanDeKoik

Tariffs work, just read the founding fathers had to say about them.


56 posted on 02/02/2014 8:34:43 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: Cringing Negativism Network

You are correct...shipping jobs to Communist China is the biggest problem we have.

Free Trade doesn’t work...and too many folks seem to rather pay government checks than paychecks


57 posted on 02/02/2014 8:35:03 AM PST by SeminoleCounty (A Theory is not a Fact....It is not called the "Fact of Evolution")
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To: Cringing Negativism Network
No, no, no.

I can understand why you would want to dodge the question...but I'm calling you on it.

What are you doing to create those jobs? Show us how it's done.

I'll wait...

58 posted on 02/02/2014 8:35:07 AM PST by gogeo (The Republican Party is not ours, it is theirs.)
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To: bert

Totally agree with China being a major player. Those girls look just like the type I was working with.


59 posted on 02/02/2014 8:35:53 AM PST by CodeToad (When ignorance rules a person's decision they are resorting to superstition.)
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To: VanDeKoik
But with tariffs you get counter-tariffs. China can easily slam the market shut for American products.

Um, do a little research you sound like a foolish idiot.

PS: We get "slammed" everywhere in the world.

60 posted on 02/02/2014 8:37:54 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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