Economists say we’re all feeling the pinch, but it’s a major squeeze if you’re a millennial, considered by some the hardest hit group in this recession.
Shelly Marshall has every right to be hopeful. She’s newly married and just graduated from college. However, there’s no dream job yet.
“I haven’t heard anything back from the ones i have applied for,” said Marshall. “I know a couple people who in my field have graduated and they have gotten an internship right after graduation or a volunteer position, but they have yet to get a paying job.”
Only 30% of young people view their current job as part of their career. Nearly have of recent college graduates can’t find full time work.“My generation is not going to see the same American dream that the older generation did,” said Evan Feinberg of Generation Opportunity.
A quarter of all teens now estimate they’ll be 25 to 27 years old before they are financially independent. So what can they do about it?
The experts recommend to use any free time to learn new skills, demonstrate good financial behavior and adjust your expectations, which is exactly what Shelly is doing.
“My current plan is to, even if they’re bad jobs, get the jobs that get you the experience, so eventually I can get the jobs that get me the money,” added Marshall.
Shelly tells us she will also return to school to get her graduate degree.