Gen Z: The Young and Increasingly Disaffected

As of First Quarter 2021, 3.8 million 20-24 year olds are not in school nor employed, 740,000 more young adults adrift than in First Quarter 2020. While wondering, “Where are they?”, more disturbing to consider is, “What are the long term consequences of a delayed entry into adulthood?”  First, dismay may be transforming into disaffection. The current generation of 20-24…

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Comedy: College Vs. Job Market

College Grads Confronted by Diminished Employment Prospects

Many soon-to-be college graduates—in a time of economic upheaval and pandemic induced doubt—fatalistic and full of dread can relate to the most recent college student-produced meme.   Currently, unemployment and underemployment of new college grads is increasing, and gateways to employment like internships and other extracurricular activities are drying up or are suspended at closed or severely-restricted campuses resulting in fewer…

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Economic Inequality & Generational Disparities Could Equal Deepening Divisions

In the 2009-2019 decade following The Great Financial Crisis, the top 5% experienced the greatest income increase of all Americans, further widening income disparities between the top and everyone else. Contributing to the wealth gap, during the same 2009-2019 decade, Millennials racked up nearly $893 billion in student loan debt to purchase college degrees as they chased economic prosperity, further…

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The Shrinking Middle Class, Part 6

The middle class, and those aspiring to the middle class, families are incurring ever increasing amounts of debt to pay for consistently rising costs of attending college which many believe essential to achieve economic prosperity.  Subsequently, to compensate for stagnating academic achievement in order to compete for college admissions, middle class parents are spending on education related experiences, more commonly…

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Empty or Empty-less Nest Interrupted

In mid-March 2020, due to lockdowns (shelter-in-place orders) implemented often helter-skelter throughout the nation and around the globe, parents welcomed their college students who were sent home to their childhood bedrooms. Back home, living under the same roof simultaneously forced the transformation of the parent-adult children dynamic (when the child is no longer a child), and the remodeling of a…

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Teenage Unemployment Blues

Many high school and college students, who are normally camp counselors, are unemployed as many in-person and residential summer programs were cancelled. While a financial deficit for many students in the short term, cascading consequences may also affect students’ prosperity in the long term.  On May 24, Patrick Thomas of The Wall Street Journal wrote an article chronicling the current…

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Modern Adulthood

“Adulting” classes may likely be the byproduct of a generation raised by “Helicopter Parents”, parents who don’t encourage self-sufficiency as their kid matures. Many students’ sole responsibilities have been managing schoolwork and extracurriculars, punctuated with the occasional “clean your room”, yet rarely do students I advise have part-time jobs. And, until the shelter-in-place, when school campuses closed, many did not…

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Middle Class Wealth Erosion Set to Continue

The above chart depicts that the wealthiest and upper middle class have not only regained their wealth previous to the 2008 recession, but gained greater wealth, at the expense of the middle class and poorest classes. And, now, middle class and poorer families are facing an even greater economic downturn that has yet to be even defined in scope, though…

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