Economic Recovery Leaving Young People Behind

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.

http://news.yahoo.com/the-economic-recovery-is-leaving-young-people-behind-162604791.html

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About usawoman

I am a published author with a healthy interest in the direction of our country. I love the USA, and believe in upholding the constitution. I am for term limits; I'm anti big government; and, most definitely, pro-life.

3 thoughts on “Economic Recovery Leaving Young People Behind

  1. Hard to imagine the news this morning that the unemployment rate went down, but that’s just an indication that more people aren’t being counted anymore. “Recovery” seems like a pretty strong word for whatever is going on with the US economy – but interesting points about what’s happening with young people.

    Did you hear the report about a new college loan proposal that the amount people need to pay back would be adjusted based on the kind of job they get? While I agree the monthly payments should be on an appropriate sliding scale – the part I don’t like about this proposal is that after a set number of years, the remainder is forgiven. There are so many ways to scam that plan its ridiculous.

    I’m all for a college education for some career paths, but there are so many people who go to college for other reasons. Seems to me if people were to figure out there are many other ways to prepare for a good paying job – and it will take a lot less time and money than going to college.

  2. usawoman says:

    You’re right about the economic recovery. I wish I hadn’t used that word. I agree, too, that not everyone needs to get a college degree. Unfortunately, here in SoCal most of the other types of jobs are going to Hispanics. That’s not a racist comment, just a fact. (Sad I felt the need to clarify that.)

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