Home Must Reads Economy hits young hardest

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

100 Best Green Companies Keynote Speech

News
Friday, May 30, 2014

green2014-069Watch the 2014 100 Best Green Companies keynote speech by Eric Friedenwald-Fishman.


Read more...

Trends in business succession

News
Thursday, July 03, 2014
TrendsBY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS

The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.


Read more...

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


Read more...

The role of higher education as K-12 underperforms

Contributed Blogs
Friday, May 30, 2014
ThumbChalkboardBY DEBRA RINGOLD | OB GUEST CONTRIBUTOR

Since 1970 the performance of our public education system has steadily deteriorated.


Read more...

The business of running a food cart

News
Thursday, June 05, 2014
OBM1BY HANNAH WALLACE | OB BLOGGER

What does it take to launch and run one of these mobile food businesses?  


Read more...

Reader Input: Energy policy

June 2014
Thursday, May 29, 2014

How serious a problem is climate change? Readers want to have their cake and eat it, too.


Read more...

13 West Coast seafood species now 'sustainable'

News
Tuesday, June 03, 2014

Fishing OrBiz Fishing 0357 ADOBErgbCiting the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.


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