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Purveyor

(29,876 posts)
Thu Nov 14, 2013, 01:32 AM Nov 2013

'Generation Wait': 4 Years After Recession, Mobility For Young Adults Stuck At 50-Year Low

WASHINGTON — U.S. mobility for young adults has fallen to the lowest level in more than 50 years as cash-strapped 20-somethings shun home-buying and refrain from major moves in a weak job market.

The new 2013 figures from the Census Bureau, which reversed earlier signs of recovery, underscore the impact of the sluggish economy on young people, many of them college graduates, whom demographers sometimes refer to as "Generation Wait."

Burdened with college debt or toiling in low-wage jobs, they are delaying careers, marriage and having children. Waiting anxiously for their lucky break, they are staying put and doubling up with roommates or living with Mom and dad, unable to make long-term plans or commit to buying a home — let alone pay a mortgage.

Many understood after the 2007-2009 recession that times would be tough. But few say they expected to be in economic limbo more than four years later.

"I'm constantly looking for other jobs," says Jeremy Bills, 27, of Nashville, Tenn., who graduated from Vanderbilt University in May 2011 with a master's degree in human and organizational development. Originally from Tampa, Fla., Bills has stayed put in his college town in hopes of finding a job in management consulting or human resources. Instead, he has mostly found odd jobs like pulling weeds and dog-sitting.

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http://www.startribune.com/business/231849291.html

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'Generation Wait': 4 Years After Recession, Mobility For Young Adults Stuck At 50-Year Low (Original Post) Purveyor Nov 2013 OP
How can a 20-something get a job... Archaic Nov 2013 #1

Archaic

(273 posts)
1. How can a 20-something get a job...
Thu Nov 14, 2013, 01:42 AM
Nov 2013

When the 65 year old doesn't feel they're ready to retire.
So the 55 year old can't move up.
So the 45 year old can't move up.
So the 35 year old can't move up.
So the 25 year old can't move up.
So the College grad can't get that entry level job.

It's a mess. My company would probably hire 300 people in short order if the 65 year olds felt like it was safe to retire.

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