'Generation wait': 4 years after recession, mobility for young adults stuck at 50-year low

  • Article by: HOPE YEN , Associated Press
  • Updated: November 14, 2013 - 10:43 AM

WASHINGTON — U.S. mobility for young adults has fallen to the lowest level in more than 50 years as cash-strapped 20-somethings shun home-buying and refrain from major moves in a weak job market.

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fuzzypilgrimNov. 14, 1312:19 AM

Well, sadly its the way things are when you are forced to depend on the banking industry to finance a house, or a new car. Nice subtle way of the government to force people to have to go to the bank for various financial 'boosts', for the cost of living and education. Its any wonder why there are homeless and welfare dependent people - even decent paying jobs cannot fund a home or a possession without the need of credit and bank loans. And as far as education goes, well there really is no freedom of choice to do whatever you want when jobs that have better pay to afford the cost of living cater to the college educated.

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localguyNov. 14, 13 7:17 AM

It really depends on what your chosen line of work is. My son in in IT, doesn't have a college degree and has no problem finding a job. The first job was hard and was little more than an internship. After that, it's work experience that counts in IT, not degrees. My daughter found that nursing was her calling after she graduated with a BA and had to go back to school to get her RN. There's a lot of need for nurses, so she's employed, too. It's true that their are careers that are still suffering, but there are also professions that are very much in demand.

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clnorthNov. 14, 13 7:52 AM

Summer of recovery 6 coming soon.

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endothermNov. 14, 1312:27 PM

Everybody with any common sense knew this would happen. When you have high unemployment for years at a time, a certain percentage of new workers just can find work or they end up working part-time retail gigs that can't pay the bills. Then, they compete with the next generation of new workers when they get out of school. The problem gets worse as more and more people compete for fewer jobs and lots of human potential is wasted. The only way out of this is to put people back to work. In this environment, the most damaging thing you can do is slash spending and jobs. Yet, thanks to Republicans, that is exactly what we have done over the past few years. We had a problem, we made it worse, and our country will be dealing with the consequences of these poor decisions for decades.

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