The Associated Press has an article on the toll the recession is taking on young adults.To summarize: Way more of us are unemployed or under-employed, WAY more of us are choosing to live at home or stay close to home rather than moving out, and about 1 in 5 of us risk living in poverty. Young adults are more unemployed now than we've been since WWII. Quote:
"Their really high levels of underemployment and unemployment will haunt young people for at least another decade," [Economist Andrew] Sum said. Richard Freeman, an economist at Harvard University, added, "These people will be scarred, and they will be called the `lost generation' - in that their careers would not be the same way if we had avoided this economic disaster."I really wish the AP had broken down those numbers a bit more - is the drop in employment in any way matched with an increase of young people in college, graduate school or trade school, for instance? But either way, the picture is kind of a grim one. My classmates and I are getting freaked out, so we'd better fix the economy soon. Get on that, grown-ups!