Economy toughest on young adults, study finds.

Economy toughest on young adults, study finds

Anna Sophia Riley Feb. 10, 2012 4:05 PM Blog 4

    This article is discusses the effects of the current economy on young people. According to researchers at the Pew Research Center, young adults, ages 18-34, are reporting making decisions about everything from marriage, children, and potential careers, all in consideration of the recession. The article discusses the changes in what young people are able to do, such as go to school to further their education and get ahead in their jobs, or even afford to live away from their families while trying to get an education. This article says that one in four young adult reports moving back home, and nearly half of the young people polled report taking jobs they would've otherwise rejected, but were forced to accept due to the lull in the economy.
    The article also faces the question, who has been hit hardest by this economy? Most people would agree that ages 18-34 are the ones suffering the most. Many people say that they do believe young people have a hard time reaching even basic financial achievements and goals that many older generations took for granted, and didn't have to struggle for. The problem with today's economy is not that young people can't achieve major financial and economic success, it's that achieving even the most financial independence and success is far more challenging than even before.
    The article does state that when young people themselves were surveyed about these problems, there was a lot of optimism. While they do agree that ages 18-34 have suffered greatly, (potentially more than any other age group,) they do report feelings of optimism for the future. Many young people say that while they may not be achieving financial goals right now, they do believe that in the future they will be able to meet goals and expectations.

http://www.newsday.com/news/nation/economy-toughest-on-young-adults-study-finds-1.3518140