Economy hits young hardest

| Print |  Email
Must Reads
Friday, February 10, 2012

Young adults are having the toughest time of any age group recovering from the recession.

Those difficulties are affecting their decisions on careers, school, marriage, and parenthood, according to a new report.

 

“The economy may be improving, but in spite of the recent decline in unemployment, young people are still really struggling,” said Kim Parker, associate director of Pew’s Social and Demographic Trends Project and a co-author of the study.
Nearly half say that in recent years they’ve taken a job they didn’t really want to pay the bills. More than a third have gone back to school because of the poor economy. About a third have postponed either their plans to get married or have a child, and one in four say they have moved back in with their parents after living independently. And fewer than half of young people who are now employed say they have the education and training necessary to get ahead in their jobs.

Read more at The Register-Guard.

{biztweet}recession young adult{/biztweet}

 

 

Comments   

 
Martha  Perez
0 #1 Worried future grandmother...Martha Perez 2012-02-11 13:15:40
Yes, I can relate. When I was a young woman, groceries cost a lot less. Nowadays, everything is so darn expensive! Now that my daughter is independent, she sees how difficult it is to live in this horrible economy. The formula for success that worked for my generation, no longer applies. I see the frustration of today's youth, and it does concern me. When a seedy drug dealer or corrupt CEO can out-earn someone who is honest & educated, what message are we sending to our youth? Do we really want our kids to believe that getting on TV reality shows like "Knocked Up" is the best that they can aspire to? I do not think so.
Quote | Report to administrator
 

More Articles

Legislative Preview: A Shifting Balance

January-Powerbook 2015
Thursday, December 11, 2014
BY APRIL STREETER

Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.


Read more...

The short list: Holiday habits of six Oregon CEOs

The Latest
Thursday, December 11, 2014
121214-xmaslist1BY JACOB PALMER | OB DIGITAL NEWS EDITOR

We ask business and nonprofit leaders how they survive the season.


Read more...

Raising the Stakes

February 2015
Monday, January 26, 2015
BY LINDA BAKER

The 2014 Bend Venture Conference set a record for the most cash, investments and prizes awarded at an angel conference in the Pacific Northwest. Investments in the six winning companies exceeded $1 million. The 11th annual conference was hosted by Economic Development of Central Oregon.


Read more...

The Human Factor

February 2015
Monday, January 26, 2015
BY BRIAN LIBBY

Matt French opens up South Waterfront.


Read more...

Carbon Power

February 2015
Tuesday, January 27, 2015
BY LINDA BAKER

Researchers in a multitude of disciplines are searching for ways to soak up excess carbon dioxide, the compound that contributes to global warming.


Read more...

5 companies react to lower fuel prices

The Latest
Thursday, January 15, 2015
thumb-shutterstock 233787049BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Consumers love the savings they get from low oil prices, but how has business been affected?


Read more...

Which Way to Chinatown?

February 2015
Monday, January 26, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN

The Jade International District, already Portland's center of Asian life, is poised for rejuvenation. Where does that leave the westside's historic Chinatown?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS