Monday, August 15, 2011

Generation Vexed: Young Americans rein in their dreams

Amid so much economic uncertainty, many are rethinking career plans, putting off marriage and avoiding the stock market like the plague.
By Tiffany Hsu and Shan Li, Los Angeles Times
August 14, 2011

....Call it Generation Vexed — young Americans who are downsizing expectations in the face of an economic future that is anything but certain. Career plans are being altered, marriages put off and dreams shelved.

....Fewer than half of Americans believe that the current generation will have a better life than the last, according to a Gallup poll this spring. It was the most pessimistic showing for that barometer in nearly three decades.

Another poll, of Americans ages 18 to 29, found that three-quarters of them expect to delay a major life change or purchase because of economic factors. The survey — released last week, just before the Standard & Poor's downgrade of U.S. debt — was by the nonprofit Generation Opportunity, headed by Paul Conway.

"There's a generation here being formed under the crucible of unemployment, debt and lack of economic chances," said Conway, who was chief of staff at the Labor Department during the George W. Bush administration. "They're just seeking an opportunity to get in the game."

...."Our generation is going to take the brunt of the force of the debt crisis," said Glass, a government major at St. Lawrence University in New York. "It's going to mean fewer jobs, higher interest rates, more debt.

"We'll have to sacrifice," he said. "This is a raw deal for our generation." FULL STORY

Yes, a generation more doomed than mine was during and after Vietnam. The communist liberal progressive doper hippie freaks took over right after that. Which brings us here, now.  Bad government, no morals or ethics.  No self control.  Wickedness in High Places.  Evil, treachery and tyranny everywhere.

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