Based on a
report based on findings of a survey by the Pew Research Center, some of the
key findings include:
-
Young adults are hit hard by the
recession. A plurality of the public (41%) believes
young adults, rather than middle-aged or older adults, are having the toughest
time in today’s economy.
-
Public says today’s young
adults have it harder than their parents did. Large
majorities of the public say it’s harder for young adults to reach many of the
basic financial goals their parents may have taken for granted.
-
Tough economic times altering
young adults’ daily lives, long-term plans. While
negative trends in the labor market have been felt most acutely by the youngest
workers, many adults in their late 20s and early 30s have also felt the impact
of the weak economy.
-
Adulthood begins later than it
used to. In a 1993 Newsweek poll, 80% of parents
with young children said children should be financially independent from their
parents by the age of 22.
-
For young adults, bad times
don’t trump optimism. Among those ages
18 to 34, nearly nine-in-ten (88%) say they either have or earn enough money
now or expect they will in the future.
-
Older adults have maintained
their standard of living. If any age group
has weathered the economic storm better than others, it has been adults ages 65
and older.
-
Among the employed, job
satisfaction has remained steady… For those young
adults who are employed, most are relatively satisfied with their job.
Taylor, P., Parker, K., Kochhar, R., Fry, R., Funk, C.,
Patten, E., & Motel, S. (2012). Young, underemployed and optimistic: Coming
of age, slowly, in a tough economy. Washington, D.C.: Pew Research Center. http://assets.pewresearch.org/wp-content/uploads/sites/3/2012/02/young-underemployed-and-optimistic.pdf
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