The boomerang generation, roughly defined as those in their 20s and early 30s (me, you, you, and yes, you), are having a rough time. Of our generation, one in five people is currently living with his or her parents. Additionally, 60 percent still depend on their parents for financial support, according to PewResearch. While some express satisfaction with their living arrangement, roughly 80 percent of those living at home admit that they don’t have enough money to lead the kind of life they want.
Expanding a previous post, “5 Ways to Deal with Un- or Under-employment”
In fact, a recent Federal Reserve Bank of New York report finds that un- and under-employment rates for recent college graduates have remained high since the 2001 recession. Furthermore, recent graduates are increasingly underemployed, working in low-wage jobs or part-time job that do not require a bachelor’s degree.
Having a satisfactory job is important. But why are we, the boomerang kids having such a hard time starting a career? Is it the recession? Or are we what Time magazine dubbed us, “The Me Me Me Generation,” who are narcissistic, overconfident, entitled, and lazy?
The unemployment rate declined to 6.1 percent in June, according to the U.S. Bureau of Labor Statistics. Job gains were widespread and over the past three months job growth has averaged 272,000 per month.
But how can you turn this into an opportunity and land yourself a job? Here are 5 ways to deal with un- and under-employment.
Read the rest of the story at GenTwenty “Millennials and Underemployment”