See Jane Get Rich
A Personal Finance Blog-
October 29th, 2009Great Recession, Law School
I've so much to look forward to on graduation!
Come May and June when high school, college, grad school and professional school graduates will march into the graduation arena to receive their diplomas to the sounds of Pomp and Circumstance with their family and friends watching. Accompanying this celebratory mood will be fear, anxiety and uncertainty similar to the class before them.
Joblessness among young adults 16-24 is much more severe and the unemployment rate continues its steady upward climb. This will likely lead to what Business Week calls “the scarring of a generation” that will create a Lost Generation—a disillusioned generation that will forever be affected by the remnants of the recession.
”…employers are likely to suffer from the scarring of a generation. The freshness and vitality young people bring to the workplace is missing. Tomorrow’s would-be star employees are on the sidelines, deprived of experience and losing motivation.”
According to Business Week, The Great Recession is expected to impact young people in the following manner:
Tags: Great Recession, Lost Generation, Unemployment -
