Economics

Powered by Blogger.

Bullets, Beans

BULLION

Monday 13 February 2012

Why Are Record Numbers Of Young Adults Jobless And Living At Home With Mom And Dad?

In the United States today, unemployment among those age 18 to age 34 is at epidemic levels and the number of young adults that are now living at home with Mom and Dad is at an all-time high. So why are so many of our young adults jobless? Why are record numbers of them unable or unwilling to move out on their own? Well, there are quite a few factors at work. Number one, our education system has completely and totally failed them. As I have written about previously, our education system is a joke and most high school graduates these days are simply not prepared to function at even a very basic level in our society. In addition, college education in the United States has become a giant money making scam that leaves scores of college graduates absolutely drowning in debt. Many young adults end up moving back in with Mom and Dad because they are drowning in so much debt that there are no other options. Thirdly, the number of good jobs continues to decline and this is hitting younger Americans the hardest. Millions of young people enter the workforce excited about the future only to find that there are hordes of applicants for the very limited number of decent jobs that are actually available. So all of this is creating an environment where more young adults are financially dependent on their parents that ever before in modern American history....more

No comments:

Post a Comment

Alternative Media

Miscellaneous/New Blogs

A Refreshing note

If the RSS feeds have not 'refreshed' since your last visit scroll down to the post below the Bullion feed and click the post link. This should refresh the RSS feeds.

USD

GBP

Followers