<p>“… Generation Y professionals entering the workforce are finding careers that once were gateways to high pay and upwardly mobile lives turning into detours and dead ends. Average incomes for individuals ages 25 to 34 have fallen 8 percent, double the adult populations total drop, since the recession began in December 2007. Their unemployment rate remains stuck one-half to 1 percentage point above the national figure.” …</p>
<p>[American</a> Dream Fades for Generation Y Professionals - Bloomberg](<a href=“Bloomberg - Are you a robot?”>Bloomberg - Are you a robot?)</p>
<p>It is no great surprise that those who enter the workforce during an economic downturn tend to have diminished economic prospects compared to those who enter the workforce during better economic times.</p>
<p>[Recession</a> Generation Will Spend Less for Life - Newsweek and The Daily Beast](<a href=“http://www.thedailybeast.com/newsweek/2010/01/08/the-recession-generation.html]Recession”>http://www.thedailybeast.com/newsweek/2010/01/08/the-recession-generation.html)</p>
<p>Better to realize it young than to muddle through as a gen Xer.</p>
<p>I graduated college in '91 in the middle of a recession (remember the " it’s the economy, stupid." slogan). Then the Clinton tax hikes took a huge chunk of my income but thankfully, we entered a tech boom. Fortunately, I was late getting in to tech investments because I lost about 25% instead of 50% when the tech bust hit in '98-'99.</p>
<p>Luckily, we had two years to recover before 9/11 and the recession of 2001 then the recession of 2003. The Bush tax cuts put money in my wallet just in time for me to watch real estate and the whole economy crash in 2008 from which we never recovered.</p>
<p>I’m sure that the tax hikes in Obamacare and the fiscal cliff will put me out of business at 45 years of age. Calling it quits at 25 would’ve saved me so much time and effort.</p>
<p>Too many of my gen are out of work with families and mortgages. Sad.</p>
<p>I’m teaching my Gen Yers to be entrepreneurs, develop indispensable skills and to be international. They are almost there. Thankfully, they may have the chance that seems to stay just out of my reach in this era of government and corporate corruption and cultural degradation.</p>
<p>^and, yes, I’m teaching my kids to be morally upright citizens but to also be business sharks that take every advantage over their pot smoking, binge drinking, academically challenged, unskilled, video gaming, iPhone buying, hooking up, shacking up and knocking up peers to make as much money as possible, leaving nothing on the table.</p>
<p>^^^ Reads like you’re also teaching them to despise their peers. Isn’t there more to life than wealth?</p>
<p>Morally upright business sharks. Of course.</p>
<p>Y’know, if it weren’t for these tax cuts before that we couldn’t afford, there wouldn’t really be any tax hikes right now.</p>