Young people are screwed Here’s how to survive(pando.com)
pando.com
Young people are screwed Here’s how to survive
https://pando.com/2013/01/09/young-people-are-screwed-heres-how-to-survive/
https://pando.com/2013/01/09/young-people-are-screwed-heres-how-to-survive/
> unemployment for young people is about double the national average
18-19 has 12% unemployment, 20-24 has 6%, and 25-34 has 4%.
This is how it works. That 18 year old will one day be that 25 year old with 96% odds of employment.
> Student debt
That does suck. I would advise young people to be avoid large educational debt. Rising education costs are unfortunately a natural of free money, but an capital-efficient education is still possible.
Note that education debt -- while high -- still pales in regards to housing debt.
> you kids are paying for it by inheriting trillions upon trillions in Medicare bills
Indeed a problem. Same with Social Security.
> [Your parents and grandparents] grew up in a world so unbelievably different from your own, that they couldn’t possibly understand what things are like for you...They don’t know what it’s like to watch entire career paths suddenly disappear or become far less desirable
Hardly. My grandparents watch farming jobs disappear in the largest labor shift in the history of the world.