'Millennials Future Essay\r'

'Lets face up it the way Americas sparing is looking right straightaway the job market is in the dumpster. millennians be on the job(p) challenginger then ever to try and stand expose from the rest of their peers so they can primer a good job to support them on their own. This is lay millennians in between a rock and a hard place. In these day and age it’s almost required to have a college gunpoint to have any chance of landing a good job to support you on your own. scarce these degrees come at a price and as the job market is impuissance and loans ar pilling up on atomic number 18 college graduates. This bad economy is curtailment the millennial coevals and their futures.\r\nMillennials also k right off as generation Y, be pot born from mid-eighties to the 2000s. They’re the beginning(a) generation to be increase using digital technology, social media, and mass media. bulk born in this generation are now college students, and college graduates that are struggling in this tough economy. The millennial generation has limitless information at the malarky of there fingers. Millennial are â€Å"always machine-accessible” with social net breaks same(p) facebook and twitter they always be what friends are doing. People have said millennials are parent dependent and don’t agnise what reasonability is, which I think could go either way. or so millennials are very parent dependent further I see others very independent going to school and working without the guidance of parents. Its unfair to reason millenials as slackers that don’t know how to work for something, it all depend on the person.\r\nPrevious generations were able to go colleges get a degree and take over working and existing on their own straight after graduation. â€Å"Not so long ago, the bonny American man in his 20s had achieved most of the milestones of adulthood: a high-school diploma, financial independent, spousal relationship and children.” (Hymowitz 477). â€Å"In 1970, full 16 per centum of Americans ages 25 to 29 had never been married: today that’s true of an staggering 55 portion of the age group.” (Hymowitz 477). The way millennials are living there lives are different from other generations most because aren’t thinking close marriage or kids there more focused on there finical future. Millennials could be one of the first generations that will not achieve the same stander of living that their parents did.\r\nRead more: Speech About Millennial Generation\r\nDuring this bad economy I bank the main thing crushing the millennial generation is the reading system and student loans. The Institute for College approach & Success says that the average borrower from student loans owes more or less 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. â€Å"Research shows that young people who graduate from college in a dismal economy typically convey long-term consequences, with effects on their careers and earnings which linger for about 15 years.”(Demirdjian). virtually colleges are starting to be run same businesses, which is really destroying America’s bringing up system. For-profit colleges like university of phoenix spend 20 to 25 share 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.\r\nThese for-profit schools inveigle millennials because of there flexible class schedule, online classes, and easy enrollment. further the debt load in student loans for for-profit colleges are nigh double the average debt, for-profit schools have graduation debts that about 32,000 dollars with interest rates. For-profit students are moreover 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. â€Å"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 unexpended 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.\r\nMillennials are going to suffer the worse from the economy. Millennials were told there hold life education was key to succeed and now it’s failing them. After gradation millennials are stuck dragging near these loans for years. Even if the economy does turn around to umpteen 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 come through later in their lives\r\nwhen the economy turns around because of the hard work ethic they are learning in there early adulthood years.\r\nWorks Cited\r\nHayes, Dianne. â€Å"The for-Profit Conundrum.” versatile Issues in Higher Education 29.14 (2012): 10-1. Ethnic NewsWatch. Web. 7 Nov. 2012.\r\nZ, S. Demirdjian. â€Å"The Millennial Generation’s Mindset: expertness to Economic Crisis.” The Business Review, Cambridge 19.2 (2012): 2,I,II. ABI/INFORM Complete. Web. 7 Nov. 2012.\r\nHymowitz, Kay S. â€Å"Where expect the Good Men Gone.” Wall Street ledger (February 19, 2011): 477-81. Print.\r\n'