The problem with an economy that doesn't support the youngest adults is that it tends to strip away motivation and desire -- they start believing that they will never reach their goals and question their decisions to attend college, grad school, etc. And it's reasonable that they do: How else do we expect people with no jobs and massive student loans to feel?
Re: Re : Being Young Isn't Necessarily an Advantage
yalanand
9/8/2011 2:20:19 AM
Maybe this is a cultural thing yalanand.
@Tenacious may be you are right, but I am just trying to see the positive side of this. No doubt unemployement is a bad thing but if that makes families come together I dont see any harm because "money cant buy family".
@Dex
I knew the economy felt worse than most pundits think. I didn't know it was so dramatically unlike any employment recession we've had in the last 60 years.
By the way, welcome to IU. Postings like your chart are what it's about - individual investors learning what to think and what to do from each other. Thanks.
Re: My house is their house
Value Hiker
9/7/2011 11:04:38 PM
Absence makes heart grow fonder, in many case, the reverse is also true, especially over extended period of time.
Nothing good for any of us
Dex
9/7/2011 11:01:18 PM
Here's a really scary jobs chart. The good news is we're all in this together. The bad news: we're together in hell.
Re: My house is their house
Street Smart
9/7/2011 7:43:45 PM
What I hear you saying Noreen is that unemployed young people around is kind of the equivalent of the "for better or for worse but not for lunch" phenomenon that wives report when their husbands first retire.
I can see that! I'm just pointing out that there seems to be NO happy medium between a house that is TOO quiet and a house that echoes with the sounds of XBox 360 battle sounds at 3 am.
The BEST situation would be for young people to have enough opportunity and mobility to write their own tickets in their chosen professions. Why do our politicians insist on remaining so quiet about ways that we can extend THOSE options to more of today's highly educated and motivated youth?
That's very sweet. But tell me if you feel the same after, say, seven or eight months, It's sort of like working with your spouse...
Maybe the grass is always greener, but I agree with #yalanand that having one's kids home can be wonderful. Of course, I wouldn't know...
My older son moved away for a job in another city right after graduation and I miss him like crazy! My younger son is still in college but I see the handwriting on the wall...
I remember graduating from business school and leaving my family--heck, my entire California life--behind to go to work on Wall Street. I was so lonely at first that I was living proof that money couldn't buy happiness.
I think there are very few silver linings to the Great Recession, but to me, the chance to forge tighter family bonds is DEFINITELY one of them. Believe me, Skyping is NOT the same!
I think in this particular time it is bad for all, regardless of age. The young probably have less cushion to fall back on, which makes them more nervous.
Re: Re : Being Young Isn't Necessarily an Advantage
driven
9/7/2011 8:08:44 AM
I have to agree with you Tenacious. Having unemployed adult children living with their parents is not necessarily fun or cost effective -- unless you're the adult children living rent free.
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