Millennials Future Essay

Lets face it the way Americas preservation is looking ripe(p) now the job market is in the dumpster. Millennials ar working harder then ever to try and rise out from the rest of their peers so they can land a good job to support them on their own. This is putting millennials in between a rock and a hard place. In these day and advance its almost required to have a college peak to have any chance of get a good job to support you on your own. provided these degrees come at a damage and as the job market is failing and loans are pilling up on are college graduates. This bad economy is crushing the millennial generation and their futures.Millennials also go to sleep as generation Y, are wad born(p) from 1980s to the 2000s. Theyre the first generation to be raised using digital technology, social media, and hole media. People born in this generation are now college students, and college graduates that are struggling in this inflexible economy. The millennial generation has l imitless information at the tip of there fingers. Millennial are endlessly connected with social networks uniform facebook and twitter they always know what friends are doing. People have give tongue to millennials are parent dependent and dont know what reasonability is, which I think could go either way. Some millennials are very parent dependent but I see others very self-employed person going to school and working without the guidance of parents. Its unfair to generalize millenials as slackers that dont know how to work for something, it all depend on the person.Previous generations were able to go colleges get a degree and start working and living on their own immediately after graduation. Not so commodious ago, the average American man in his 20s had achieved most of the milestones of adulthood a high-school diploma, financial independent, marriage and children. (Hymowitz 477). In 1970, just 16 share of Americans ages 25 to 29 had never been married today thats true(p) of an astonishing 55 share of the age group. (Hymowitz 477). The way millennials are living there lives are diametric from other generations most because arent thinking nearly marriage or kids there more center on there finical future. Millennials could be one of the first generations that will not achieve the alike(p) standerof living that their parents did.Read more Speech About Millennial GenerationDuring this bad economy I believe the main thing crushing the millennial generation is the breeding system and student loans. The plant for College Access & Success says that the average borrower from student loans owes about 27,000 dollars upon graduation. So when millennials graduate they already are in debt 27,000 dollars with interest rates. With the decrease in jobs millennials are graduating with this debt and no way to pay it back. Research shows that young people who graduate from college in a dismal economy typically suffer long-term consequences, with effects on their careers and earnings which linger for about 15 years.(Demirdjian). Some colleges are starting to be run like businesses, which is really destroying Americas direction system. For-profit colleges like university of phoenix spend 20 to 25 percent on advertising and 10 to 20 percent on teaching. Which means their spending more notes to try and get you to the college then, the service they are providing you.These for-profit schools attract millennials because of there flexible class schedule, online classes, and easy enrollment. But the debt load in student loans for for-profit colleges are nearly double the average debt, for-profit schools have graduation debts that about 32,000 dollars with interest rates. For-profit students are only 10% of are student population but they use 25% federal finical aid and they default 47% of student loans in America, which is from Senator Tom Harkin report. The report finds that 62.9 percent of students who enrolled in an associate degree program at a for-profit college in the 2008-09 school year left(p) before earning a degree, and that the median student lasted only four months.(Haynes). They are killing the value of and education and millennials are paying the price.Millennials are going to suffer the worse from the economy. Millennials were told there hold life education was key to succeed and now its failing them. After gradation millennials are stuck dragging just about these loans for years. Even if the economy does turn around to many millennials are already in debt over their heads. Millennials are going to have to work harder than ever to land good jobs but, I do see millennials deliver the goods later in their liveswhen the economy turns around because of the hard work ethic they are learning in there early adulthood years.Works CitedHayes, Dianne. The for-Profit Conundrum. Diverse Issues in Higher Education 29.14 (2012) 10-1. Ethnic NewsWatch. Web. 7 Nov. 2012.Z, S. Demirdjian. The Millennial Generations Mindset Susceptibility to Economic Crisis. The Business Review, Cambridge 19.2 (2012) 2,I,II. ABI/INFORM Complete. Web. 7 Nov. 2012.Hymowitz, Kay S. Where engender the Good Men Gone. Wall Street Journal (February 19, 2011) 477-81. Print.