Some interesting anecdotal data from the POF household:
* Our 3 kids are in mid to late 20s, all college graduates with good, no-nonsense degrees. All three have found it remarkably easy to get good paying jobs after graduating. One has changed jobs twice, one once, and one went back to school after working for a while.
* Most of their friends have the same experience. Some have real high power jobs already.mcompanies range from big consulting firms to Apple, LinkedIn, and Facebook to small startups.
* Most are working in western states (we are in CA), but some have moved to Austin, Houston, Boston! NYC, Chicago.
* Kids are finding a lot of high tech employment opportunities.
* Cost of living in CA is a killer. Kids that stay here must share a house to cover rent, but that’s always been the case in your 20s. Kids are leaving CA because of obscene housing costs.
* A new graduate relative on the east coast (biomedical engineering) is having a real hard time finding work.
* Colleagues in their 50s and 60s that lose jobs are not doomed, but it often takes up to two years to find a job.
Admittedly, this is a biased sample of young people raised in high-achievement families with excellent school systems. But at least this cohort isn’t having much trouble getting careers launched.
Yup...unemployed for eight weeks now...at 56 years old.
Got real tired of sending out resume's and cover letters, then waiting three to four weeks to get a rejection email. I got eight last week...
I figured if I'm going to have to live off my saving for a year or more, I might as well take that money and buy a business in my field...
I spent 30 years plus making my employers tons of money in my field and decided to take all that experience and use it for ME...