Why
are young people in America so frustrated these days? You are about to
find out. Most young adults started out having faith in the system.
They worked hard, they got good grades, they stayed out of trouble and
many of them went on to college. But when their educations where over,
they discovered that the good jobs that they had been promised were not
waiting for them at the end of the rainbow. Even in the midst of this
so-called "economic recovery", the full-time employment rate for
Americans under the age of 30 continues to fall. And incomes for that
age group continue to fall as well. At the same time, young adults are
dealing with record levels of student loan debt. As a result, more
young Americans than ever are putting off getting married and having
families, and more of them than ever are moving back in with their
parents.It can be absolutely soul crushing when you discover that the "bright future" that the system had been promising you for so many years turns out to be a lie. A lot of young people ultimately give up on the system and many of them end up just kind of drifting aimlessly through life. The following is an example from a recent Wall Street Journal article...
James Roy, 26, has spent the past six years paying off $14,000 in student loans for two years of college by skating from job to job. Now working as a supervisor for a coffee shop in the Chicago suburb of St. Charles, Ill., Mr. Roy describes his outlook as "kind of grim."
"It seems to me that if you went to college and took on student debt, there used to be greater assurance that you could pay it off with a good job," said the Colorado native, who majored in English before dropping out. "But now, for people living in this economy and in our age group, it's a rough deal." (more)
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