"Go to school, make good grades, get a great job and retire with a pension!"
This was the advice passed down from generation to generation for at least the last one hundred years. And how many of us remember 2008? The year that most Millennials were supposed to take on life, or the American Dream for themselves. And then BAM! Most students graduated with at least 80k in student loans, and then no decent jobs to help pay all of that back. Obviously we attribute that to the Real Estate bubble that burst that year. Everyone was qualifying everyone for everything, regardless of income level or credit. I remember not hearing anyone complain about the economy before 2008. Things were rather ok, to prosperous, at least I presumed. I myself had just turned twenty-two in 2008, so making money and taking care of myself was not on the high list of priorities as I helped out at a youth internship and did my associates degree. 2008 was the year that I became conscious about money, and the lack of it. I remember it well. It was a bad year for everyone. And since then, everyone has been grumbling about how bad the economy has become. Jobs are hard to find, the workforce isn’t …show more content…
Forget benefits and a 401k! That was the year that many of us just got out of college, and could not get hired. Then, we all moved back into Mom and Dad’s basement. It was the year I worked at a low end restaurant, and usually got two dollar tips as the going average for a table. How many “Foreclosed”, “Going out of Business”, “Liquidation”, and “For Sale” signs did I see everywhere that year! And how many billboards had a number to call if anyone wanted to advertise on it. No one did at the time. The only people that seemed to keep afloat, were the services that everyone needs regardless of the economy. People in the automotive industry, medical industry, and alcoholic beverage
This was the advice passed down from generation to generation for at least the last one hundred years. And how many of us remember 2008? The year that most Millennials were supposed to take on life, or the American Dream for themselves. And then BAM! Most students graduated with at least 80k in student loans, and then no decent jobs to help pay all of that back. Obviously we attribute that to the Real Estate bubble that burst that year. Everyone was qualifying everyone for everything, regardless of income level or credit. I remember not hearing anyone complain about the economy before 2008. Things were rather ok, to prosperous, at least I presumed. I myself had just turned twenty-two in 2008, so making money and taking care of myself was not on the high list of priorities as I helped out at a youth internship and did my associates degree. 2008 was the year that I became conscious about money, and the lack of it. I remember it well. It was a bad year for everyone. And since then, everyone has been grumbling about how bad the economy has become. Jobs are hard to find, the workforce isn’t …show more content…
Forget benefits and a 401k! That was the year that many of us just got out of college, and could not get hired. Then, we all moved back into Mom and Dad’s basement. It was the year I worked at a low end restaurant, and usually got two dollar tips as the going average for a table. How many “Foreclosed”, “Going out of Business”, “Liquidation”, and “For Sale” signs did I see everywhere that year! And how many billboards had a number to call if anyone wanted to advertise on it. No one did at the time. The only people that seemed to keep afloat, were the services that everyone needs regardless of the economy. People in the automotive industry, medical industry, and alcoholic beverage