Posted on 06/24/2014 5:59:04 AM PDT by SeekAndFind
Life’s traditional milestones of marriage, home and children do not hold any currency for today’s millennials due to lack of cash.
Many young adults, facing a difficult job market, suffer from a failure to launch their lives and leave the safety of the family home. Many must continue to rely in some part on parents for financial support, according to the findings of a new survey.
“The majority of young adults are struggling to achieve financial security in their transition from college to adulthood,” according to the Arizona Pathways to Life Success for University Students (APLUS). It is an annual study that polls some 1,000 young people who are making the transition from college to post-graduate life.
The reason seems to be directly related to their financial well-being.
(Excerpt) Read more at nypost.com ...
Hasn’t his pretty much always been true?
That doesn’t mean you should live your life in your parent’s basement.
No jobs. No wages. Live with mommy forever. Transformed Amerika. ( be sure to sign up for the dole and your free obammy phone and your free obammycare and your free food stamps and your free transit pass and and and and and and and and...).
I don’t know what the reason for this is, but I know it’s not because of the anti-American, anti-small business, anti-growth policies of the current administration.
To say so would be racist.
after support so many other people over the years I actually have more of right to live off government largress than 90% of the people out there on gubermint ass-cyst-ants.
I borrowed money and now I have to pay it back #sounfair #someoneelseshouldpayitforme #howwillIbeabletobuyaBMW
The difference now is oppressive student loans. Many of my grandchildren's friends are living lives of indentured servitude. These kids are bright, hardworking people. I even know one kid (a friend of my grandson) who went to Cornell for engineering. He had so many loans he lived with his parents for a full two years before he could move out after graduation.
My adult children tell me they're seeing a change. Upper middle class people who in the past would've financed college for their bright, hardworking kids are no longer taking usurious loans for themselves or their kids. They're simply making their bright kids attend schools that are more affordable either outright or with merit aid. I know one boy who was a national merit finalist - he went back and forth between Drexel and Temple and ultimately decided on Drexel. In the past, this same kid would've gone to the University of Pennsylvania.
Ha! I feel same way. Thanks.
The trouble I see is they don't understand what it takes to get the stuff they want. They by and large. (Yes I am generalizing, and yes fill in the blank here is a perfect angel). Anyway, the kids have been handed everything, they are not allowed to get germy, dirty, bloody, within a hundred yards of a peanut, but they want everything mom and dad have and have not the first clue how to get it.
When I was younger it was not uncommon to have roommates after college while we worked our first crappy jobs. Some rented rooms from strangers and perish the thought the YMCA or such. As the roommates, landlords drive you crazy, you used it as motivation to work harder to get out of there. Stop partying, buying clothes, texting, buying fancy cars and go to work.
Actually, owning $30-$50k or more is quite a practical education.
People are finally wising up to the college scam. For most jobs the actual college you went to does not add a dime to the amount you are paid as long as that college is accredited.
Why go to an ivy league school (and pay that tuition) if you are not planning to be in NY or DC (The twin hellholes of the east coast). These colleges buy you nothing out here in real America
An additional contributer to this problem is garbage degrees. Face it, no one is ever going to earn a good living with a black studies degree, or a gay studies, womyn studies, etc studies degree. Or with music appreciation etc. These are not careers, these are hobbies.
I'd like to see the same "study" done on students who studied something worthwhile (Engineering, hard sciences, health fields etc)
owning $30-$50k ??
Young adults find out you can’t start out at the top receive no word from Obama panic ensues.
No question women's studies majors are part of the problem. But I don't think bright, hardworking kids from sensible families have been majoring in that crap for years. That's why I specifically mentioned the Cornell grad who majored in engineering. I know when he graduated he was offered a job with either Boeing or McDonnell-Douglas (sorry, can't remember which), but he'd have had to move out west. He decided to take a job here in the Philadelphia area with a less glamorous company for about the same pay - a job where he could live with his parents and save rent money. He had to get the student loan monkey down to a manageable level.
And it took that kid almost two years - I think he was a month or two shy of that before he could move out with a roommate. Even well off people can't afford 60k in tuition. The difference my adult kids report seeing is that now those people are keenly aware of the variable tuition pricing scam. It's become very evident that it's just more rich subsidizing poor. Bright, hardworking, upper middle class kids will be carrying the poor's freight for the rest of their lives via taxes. No point starting when they're 18.
This is just not my experience with young people. A lot of them have student loans that are the size of a mortgage. They were sold a bill of goods that promised they'd have good jobs if they just went to right college. But kids started graduating in 2008 and there were no good jobs. Even nurses - who not so long ago could get 10k signing bonuses right out of college - started needing connections to get a relatively crappy nursing home job.
Oppressive student loans is part of it. Another thing is whether or not a college graduate can even find a job after college,let alone one he is truly qualified for. I also think some of these schools are charging a big tuition for a questionable education. If one doesn’t have a college education,he might still get into a skilled trade,but recent experience suggests that many or most of these do not pay as they used to in accordance with the rate of inflation. Of course,inflation is very low these days,but that seems to be mostly in the minds of those who determine the “official” inflation rate.
What's most shocking about that graph is that 19% of the Black males under 30 voted for Romney.
“Oppressive student loans” are loans that a student and/or his parents agreed to, having access to the terms of the proposed loans. If you don’t like the terms, look for other financing, put off college, or take other action. Loans are not “oppressive” because you find that, due to choosing a course of study that could never provided a job that would allow the loans to be paid back.
For example, don’t borrow $200,000.00 to go to a private college to get a degree in education, resulting in a job that pays $40,000.00 per year. Go to a state school, get the same degree for $100,000.00 and pay for some of that by working during school and over the summers.
How people can be bright enough for college and too dumb to recognize that they're setting themselves up for a life as debt slaves, I'll never know.
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