Outlook Not Good For 20-Somethings
Interestingly, the mainstream media is starting to pick up on a few trends that I’ve been talking about for years: namely that the 20-somethings coming out of college are going to be in big trouble. The reasons for this are:
1. College degrees are becoming not much more than a piece of paper that says you’re slightly better than someone who didn’t goto college.
In other words, they don’t mean as much as they used to.
Why? Because college has turned into so much more than education. Now obviously there are exceptions to everything I’m about to say, but…. college has turned into a 4 year vacation for millions of youngsters where they are to “find themselves.”
Whenever someone spends four years to find himself, it usually means he was lazy and sat round Starbucks talking about idealistic crap that is irrelevant.
Moreover, most people graduate from college without any real skills towards anything. Now, I wouldn’t be opposed to a sort of liberal arts education if the economy were roaring and individuals had my generation had a better work ethic, but both of those are not the case. Which brings me to my next point…
2. My generation isn’t self-reliant
How many college graduates do a half-ass attempt at finding employment during their last year of school, fail, and then just move home until someone pops up? A lot.
My parents as well as the parents of many of my peers came out of college with nothing. No money and nothing to fall back on. They went out and made a life for themselves.
Most people my age are unable to go do this. Maybe its a generational thing or maybe it is a result of the previous generation “pampering” us, but most 20-somethings are content to live at home and halfway search for employment, while halfway being content to not move on with life.
3. Debt levels are extraordinarily high
While the impact of the college degree has decreased, the debt levels required to finance that degree have increased. So, you have a piece of paper to hang on the wall and you live at home with mom and dad. Add to the mix $100,000 in student loans and you get a good idea of what millions of 20-somethings look like today.
Their work ethic and motivation is minimal, their debt service is high, and they really are incapable of doing much for an employer. Quite a combination.
What’s the point?
Why talk about this? Well, I mention it to hopefully wake a few people up. It’s time to get on with life and make something happen yourself. Stop waiting for someone else to do something for you.
Go get a couple jobs doing work that you don’t really want to do. Make some contacts. Find people who know people. Work your way in. Do more than the next guy. Make some money. Learn a skill.