As a woman with seven grandchildren between the ages of 17 and 27, this story spoke volumes to me. Our young people struggle to go to college. They are left with massive financial debt due to college loans, and they can’t find jobs! It seems to me to be a vicious circle. Young adults can’t find work, so they remain in their parent’s homes. Older people can’t retire because they either have adult children still living with them, or the retirement funds they strove so hard to save have been eaten up by the economy. This has an affect on the job chain; ie, no slots at the top for workers to move up into, which leaves no slots at the bottom for entry level young workers.
My granddaughter looked and looked for a job, and finally settled for a position as a retail clerk at Tuesday Morning. One of her good friends graduated college and now works at a fast food restaurant. The son of a very good friend has a college degree, and is working as a waiter. I could go on and on with these examples.
Read this article. It’s interesting to see what the lack of employment for our young people costs the country in lost tax revenue.
Workers under the age of 30 have contended with five solid years of double-digit unemployment — 19% for 16- to 19-year-olds and 10.6% for 20- to 24-year-olds at last count.