BleakPosted: September 24, 2011
Just in case you were feeling good about your future, Dale McFeatters writing for Scripps Howard News Service (and distributed to the New York Post) has an important message for anyone in their 20s: sucks to be you!
These are some of the most important points:
- 5.9 million Americans ages 25 to 34 are living with their parents, a jump of 25 percent from before the recession.
- Homeownership is down for the fourth straight year.
- The share of young adults making lost-distance moves last year fell to a post-World War II low.
- Only 55.3 percent of young adults 16 to 29 were employed, according to the Census, down from 67.3 percent in 2000.
- More and more Americans 65 and older are electing to stay in their jobs.
So in a nutshell, here’s McFeatters prediction of your future: While looking for jobs that don’t exist, you will live with your parents instead of moving elsewhere for opportunities. Most likely, you will stay unemployed. And in the long run, you won’t be owning your own house any time soon, and you will continue to work long past the the age that your parents did.
And his solution? Well, he didn’t have one, really. Instead, McFeatters chose to focus on what might be the best name for this sad, sad generation. Here’s the conclusion of McFeatters’ feel-good article:
Until a better name for this hard-luck cohort comes along, the Shortchanged Generation will do as well as any.
Well guys, what do we think? I think it lacks a punch. How about the Doomed Generation? Or the Hard Knock Life Generation? Or the Fucked Generation?