Young, jobless, broke: today's lost generation

India
December 2, 2009 12:02pm CST
Unable to buy their own home, saddled with student debt and struggling to find work, the class of 2009 could have their lives scarred for years by the credit crunch. It is so hard to get a job at the moment. Its better to go and get more qualifications so when more jobs are available you will be better suited. Many youngsters who have seen nothing like the current turmoil have been shocked into changing their outlook. A recent survey by Post Office financial services found that most 16 to 24 years old believe that it will take a decade for their living standards to return to pre-crisis levels. Unemployment among the young has become a "national crisis". This is going to be a biggest issue. The danger is that we have a lost generation. I am also a youngster and I agree with this. What about you?
1 response
wlee9696
@wlee9696 (595)
• United States
2 Dec 09
I believe that these youth needed adults to help guide them. I struggle with two children in college but I do not recommend that they do student loans. Between myself and them working and paying we barely make it - but it makes even less sense to come out of college thousands of dollars in debt. They also have full time jobs - nothing glamorous and certainly not what they want in life but for now they pay the bills. They know that they still have to do a good job and not stay employed to make it all work. We make too much money to get any grant help but not enough for any of us to do it alone. The generation doesn't have to be lost - but they have to quit blaming the world for their problems. The national crisis is a roadblock but roadblocks can be removed if you keep looking for an answer - it may not happen today or tomorrow you have to be persistent. Every generation has faced problems of various kinds. You can't sit around and be pessimistic - get out there and keep looking. My children were able to come up with a solution so I am sure others can as well if they are motivated to do so.