Why the Graduating Class of 2013 is Out of Luck

[marmar]

Socialist Worker / By Gary Lapon

Why the Graduating Class of 2013 is Out of Luck
As the latest entrants into what has been dubbed the "lost generation," this year's graduating class is expected to face a future of uncertainty and diminished prospects.

May 24, 2013 |


College graduation is supposed to be a time of celebration--a time for graduates to look back on years of hard work and achievement, and forward to a bright future filled with promise.

Yet the class of 2013--the young women and men who were submitting college applications in the fall of 2008 as the world financial system came to the brink of Armageddon following the collapse of Lehman Brothers--are facing a future that of uncertainty and diminished prospects.

They are the latest entrants into what has been dubbed the "lost generation"--so-called because the high rates of unemployment and underemployment its members endure at the start of their working lives drag them down throughout their working lives, making it more and more difficult to maintain the standard of living of their parents.

Only half of recent graduates have been able to find a full-time job that makes use of their degree. Yet all are still left with the bill from college, with the average student loan burden nearing $30,000. With the number of new graduates expected to outstrip the number of new jobs requiring a degree over the next several years, this trend will only get worse. .......................(more)

The complete piece is at: http://www.alternet.org/why-graduating-class-2013-out-luck

[upaloopa]

1. I won't be around to see it but I hope the lost generation takes

the country and government by the horns and starts to make it work for all the people not just the 1%. They need to make greed an evil.

[WinkyDink]

2. Well, this was TIME's cover for MY year of 1971: