Quote:
Originally Posted by Cowboy89
Turns out the most recent financial crisis highlighted that the wonderful world they grew up in was actually funded by boomer credit and that maybe insted of doing what you love everyday, just merely carving out a decent middle class existance is a more appropriate life goal. In my observation as a Gen Yer, I think a lot of us simply don't understand that the rugs been pulled out from under us and it's really time to dig deep and forget about running a sucessful (Insert random hobby or leisure pursuit as a 'job' idea) company.
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This. I am fortune in that I was interested in, and have studied finance and economics, so I have a fairly good understanding of just how bleak an economic reality we will live in for the next decade - possibly more. As a result I have done everything I can (Degree, CFA, internships, co-ops) in order to secure a good job in the future. At my current internship I am working 75-80 hours per week, granted that is the nature of the business, and nearly all my friend’s think that I am insane. They preach to me about how I will burnout and can’t have any ‘fun’ or I am ‘missing out on life’ working this much. That work should be about ‘doing what you love’ and shouldn’t be hard or require much sacrifice. Meanwhile most of them work middle management retail jobs, with no degree or further credentials. They all have new houses, cars, and gadgets all of which were bought on credit, and think that one day they will magically walk into a job that pays them 150K+ a year, as if they grew on the proverbial tree, so they’ll be able to afford the life they have already leveraged themselves into.
I should add that I don’t think there is anything wrong with middle management retail jobs – or any job for that matter. What I do think is wrong is living beyond your means; mortgaging your future by accumulating debt and assuming that things will be good in the future. At the end of the day a large number of gen Yer’s are going to be in for a rude awaking.