The Great Recession's lost generation - May. 17. Brittney Winters graduated from Princeton, but couldn't find a teaching job.
She's taken various jobs -- including a stint at a video store -- to make ends meet. NEW YORK (CNNMoney) -- The brutal job market brought on by the recession has been hard on everyone, but especially devastating on the youngest members of the labor force. About 60% of recent graduates have not been able to find a full-time job in their chosen profession, according to job placement firm Adecco. And for those just entering the workplace, a bout of long-term unemployment can affect their career plans for years to come. Meghan O'Halloran was one of those who had her career derailed by the timing of her graduation. She left Cornell University with a degree in architecture and six summers of internships at top firms in New York, Milan and London. "I thought getting a job would be a snap," she said. She followed her boyfriend to China for a year, and found architecture work plentiful in the building boom there. The Boomerang Generation: More Reasons to Move Back Home.
The economy may be inching back from the worst downturn in decades, but 20-somethings still face a daunting road to employment and financial independence.
They moved back home hoping to wait out the recession, until the job market turned around. But for many, what began as a temporary crash pad has become a permanent residence. Some 37 percent of 18- to 29-year-olds are unemployed or out of the workforce entirely, according to a February Pew Research Center analysis of Bureau of Labor Statistics figures; and the 19.6 percent unemployment rate for people 25 years old and younger in April was the highest since the Labor Department began recording the data in 1948.
But it’s not only the unemployed who are moving back home. A sizeable group of employed “millennials” (people born between 1980 and 2000), also are returning to the nest or accepting subsidies from their parents as a way to focus on developing careers, paying off student debt, and building savings. We Are the 99 Percent. 14th October 2013 Question with 172 notes Anonymous asked: How can you claim to speak for 99% of people?
We don’t claim to speak for anyone, we merely present stories. 14th October 2013 Photo with 186 notes I am 23 years old I am a female (not that it should make a difference, but apparently in our society it does…) From the day I moved out of my parent’s house, I’ve supported myself 100%, not because they don’t love me but because they can’t support my dreams financially. For over two years I schlepped 2-for-1’s and shots to pay for my rent, a used car, and tuition at a community college.
Now I’m attending the University of MN and I depleted all of my savings just so I wouldn’t have to take out a loan this semester. I’m majoring in journalism, a profession I consider a civic duty. I am the 99%. occupywallst.org 14th October 2013 Question with 12 notes Anonymous asked: We are the 99 percent- Why don't we RECALL these extremist NUTS that are in Washington, DC.??!!!! 9th September 2013 Thank you!