Economy hits young hardest

Economy hits young hardest

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.
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