Millennials Future Essay

Lets position it the guidance Americas scrimping is looking right now the theorize marketplace is in the dumpster. Millennials atomic number 18 working clayeyer then ever to try and floor out from the rest of their peers so they can land a broad(a) job to support them on their own. This is putting millennials in between a rock and a hard place. In these day and age its al n untimely required to have a college percentage point to have whatever chance of landing a good job to support you on your own. But these degrees come at a price and as the job market is failing and loans atomic number 18 pilling up on atomic number 18 college graduates. This pestiferous economy is crushing the millennial generation and their futures.Millennials also know as generation Y, ar people born from 1980s to the 2000s. Theyre the inaugural generation to be raised using digital technology, social media, and pack media. battalion born in this generation are now college school-age childs, a nd college graduates that are struggling in this tough economy. The millennial generation has limitless cultivation at the tip of there fingers. Millennial are always affiliated with social networks like facebook and twitter they always know what friends are doing. People have said millennials are parent reckonent and dont know what reasonability is, which I think could go either way. Some millennials are real parent dependent merely I see others very independent discharge to school and working without the guidance of parents. Its unfair to generalise 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 afterwards graduation. Not so long 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, that 16 percent of Americans ages 25 to 29 had never been married at once thats true of an astonishing 55 percent of the age group. (Hymowitz 477). The way millennials are living there lives are different from other generations most because arent thinking about marriage or kids there much focused on there finical future. Millennials could be one of the foremost generations that will not achieve the same standerof living that their parents did.Read much Speech About Millennial GenerationDuring this bad economy I believe the main thing crushing the millennial generation is the culture system and student loans. The Institute 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 engagement rates. With the decrease in jobs millennials are graduating with this debt and no way to pay it back. question shows that young people who graduate from colleg e in a dismal economy typically suffer long-term consequences, with effects on their careers and earnings which vacillate for about 15 forms.(Demirdjian). Some colleges are starting to be get away like businesses, which is really destroying Americas learning system. For-profit colleges like university of capital of Arizona spend 20 to 25 percent on advertising and 10 to 20 percent on teaching. Which means their spending more capital to try and get you to the college then, the service they are providing you.These for-profit schools attract millennials because of there malleable 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 rice beer 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 beau degree program at a for-profit college in the 2008-09 school year left before earning a degree, and that the median student lasted only quartet 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 step millennials are stuck dragging virtually 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 succeeding 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. heathen 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 Have the Good Men Gone. debate Street Journal (February 19, 2011) 477-81. Print.