Gen Z and increasingly Millennials are disaffected. For many, the dystopian stories they consumed as kids, Percy Jackson & the Olympians, The Hunger Games, the Divergent series and the like, are now reality. Adherents of YOLO (You Only Live Once), Z’ers and Millennials often maintain a “winner take all and consequences be damned” attitude. Their “Ok, Boomer” eye-rolling may be…
Now back on school campuses, many students grieve the lost 18 months. Freshmen returned as high school juniors, confronting adulthood. Seventh graders returned as high school freshmen, skipping their tweens. College sophomores returned to confront graduating into life. The “new normal,” for students is wearing masks all day, teachers simultaneously managing social distancing requirements and curriculum, and daily “wellness” checks…
For many of today’s kids, experience is often confined to playdates, organized sports, tutoring sessions, afterschool homework centers, and summer camps—all structured programs where the young rarely risk failure or rejection and are often rewarded no matter their engagement or achievement. As a consequence, the youngest generation are fragile, unpracticed at navigating life when it doesn’t quite work according to…
Members of one generation can’t seem to avoid falling into gaps of mis-understanding regarding another generation. Eventully, they hit bottom, stumble around in the darkness of their own ignorance, often manufacturing a conclusion to ease their anxiety, at the cost of understanding the other generation. I’ll offer gaming in the digital versus real world, as a case in point. Parents,…
In February 2020, approximately 165 million people were employed out of an approximate civilian population of 250 million Americans. In the economic recession of March 2020, 20 million jobs were lost. Since then, in the interim 12 months, only 10 millions jobs were re-created, leaving 10 million people still seeking employment. Of that 10 million, roughly 4 million people have…
Sometimes, we gain clarity and/or confidence about our aptitude when the thoughts of another like Kurt Vonnegut, author of Slaughterhouse Five, reflects our own experience: When I was 15, I spent a month working on an archeological dig. I was talking to one of the archeologists one day during our lunch break and he asked those kinds of “getting to…
For many higher education institutions, like the University of California (UC), the fiscal losses are growing as the health emergency extends, precipitating the need for a tuition increase. As reported in a December 12 Los Angeles Times article: Systemwide, UC took a $2.7-billion financial hit between March and October — about 6.5% of its $41.6-billion operating budget, mainly from lost…
The difficulties for those in the younger generations to generate wealth are consequences of a structural shift in the U.S. economy in the last forty years, well before today’s late Boomer and Gen X parents entered the labor market as twenty-somethings. As highlighted in a recent Federal Reserve Bank research paper, “Market Power, Inequality, and Financial Instability”, Isabel Cairo &…
The costs of childcare and college have outpaced wage increases in the past 20 years. So, a growing percentage of a family’s budget is spent caring for children, including paying for educational opportunities, like extracurricular activities as well as college tuition, in hopes of propelling kids toward a sustainable economic prosperity. Yet, as more of the family income is spent…
In the current economic backdrop, where the median view of economists predict a near 5% year over year decline in GDP (total amount of goods and services produced in the American economy) for 2020 (officially a recession), where both initial and continuing unemployment claims stubbornly loom above their longer run average, and though the economy seems to have bottomed, a…
