So, as far as I can tell, most people who graduated from college around the same time as me (2010) are struggling and seem to be near homeless in most
The Astrophysicist Farmer
One of my friends graduated with a degree in astrophysics, and then continued on to get a masters in teaching. At this point, he started subbing a bit
but his parents are having him take care of his grandmother, who has Alzheimers, and help on their farm without pay - he doesn't have time to make
much, although he does get a place to stay.
The Backyard Camper
Someone else I met graduated from my college and is currently living in a tent, I think he pays a bit of rent. There are other people in this genre -
we have rented out our couch, for example, and another friend of mine (all college graduates) lived in her car for 2 years, but has since gotten a
place to rent with government assistance.
Living with Relatives
Sure, this is still going on with people my age. Back in Washington, I lived in a small town with very little work. For example, although someone
might get minimum wage (let me tell you, getting minimum wage is a miracle) they might only get 4-8 hours a week.
So I have one friend back home who is living with his grandmother, but does not have enough money to fix his car, which is constantly breaking down,
therefore he can't move forward in life. Most people, if not everyone I know, are getting financial assistance from their parents even as they are
nearing 30. And it isn't like there is another option.
Not Getting Minimum Wage
That's right, getting paid minimum wage is hard. You might have to drive places to get to work, not get many hours to begin with, and barely break
even once gas money is taken into account. One of my friends works as a bouncer at a strip club (also a college graduate) and he does not get paid
minimum wage to begin with - in addition, he has to give rides to the strippers, who themselves are not paid minimum wage - a lot of waitresses are
not paid minimum wage, because they are supposed to be getting tips - door-to-door sales (which I have done) is paid on commission, so it is not
guaranteed to make minimum wage, either.
Some people, including my room-mates and I, don't have enough money to buy things new - or in some cases, at all. There are options out there -
CraigsList, e-bay, yard sales, etc. - there are also opportunities (in my opinion) to do some entrepreneurship (tutoring, gardening, painting,
freelance writing, performing) - but there is also scavenging.
For example, we made the garage door holder for our garage door opener out of old television parts and one of my friends just made an end table out of
a board and the bottom of a broken chair. Yes, college graduates :-)
I suppose it would be possible to scavenge for old televisions and / or computer towers in order to make media centers, or buy used game systems like
Super Nintendo - there are, in fact, at least two stores near Boise that specialize in selling SNES, NES, Sega, etc.
I'm not sure if any of you want to know this, but the last time I saw anachronistic SNES popularity was when I was in Tijuana, Mexico on a mission -
the population there had to make their houses out of scrap metal.
The Unstable Economy
Even the owner of my house, who is a teacher and was able to buy his house, who seems to be doing well, is not - he has school loan debt, house debt,
and to make matters worse, the school he works for may or may not be open next year - and they are not going to give him any notice. So he has to
prepare by taking out a bank loan to survive in case he doesn't get his job -
In addition to this, he was not allowed to look for another teaching job all summer because all of the teachers had to sign agreements that they would
not - but have not been handed their contracts yet.
Some Economic Facts
When the last reports came out showing that youth unemployment had reached 16.2 % in the United States, alarm bells began to be heard in some
quarters. This is more than double the rate of unemployment of the adult population. The rate is fast approaching the average youth unemployment rate
in Europe which stands at appromately 24%.
Youth unemployment is the place to look in this case, because there were some major disasters (like the financial crisis) that took out their wrath
almost completely on the younger generation and basically forced people graduating post-2009 from college to live in a completely different world than
their parents ever did.
In addition - do not forget the future crisis -
such as social security running out, for example, or the U.S. debt, all probably going to be
piled on the backs of an already broken 20-30 year old crowd. Did you think this was over? It is only beginning!
Unemployment rates lie all the time as well - do these rates include those who have given up looking for work, or the spouse who cannot find work, or
those that are not able to find adequate work to survive? I don't think so!
So here are some youth that would not fall into that unemployment category:
*Those that are on disability or such
Definition of 'Unemployment Rate' The percentage of the total labor force that is unemployed but actively seeking employment and willing to work.
*Those seeking employment but married
*Those that have been seeking employment without success for over a year or so
*Those that are employed but don't earn enough to even cover basics
In addition, those that are employed
, like my friend who is working on his family farm, or myself, who makes ends meet by working for myself -
are "employed" in jobs that are not going to be able to give references easily when looking for another job.
Some more links
One Third of
Millenials Regret Going to College
Are Millenials the Screwed Generation?
Do Millenials Stand a Chance
in the Real World?
The Millenial Squeeze
Why is this a Problem?
The millennials are working harder than their parents ever did at this point to survive. The millennials represent the future. They are the ones that
are going to be supporting the next generation - and without resources, how is that generation going to survive?
In addition, as the population of poor people (which is basically based on an age cut off) grows year after year, the chances of revolution and taking
money from those currently over 30 grows year after year.
And that is what I have to say. But who else is saying it? No one. The news hardly touches on this.
edit on 21-7-2013 by darkbake because: (no