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Facing Adulthood With an Economic Disaster’s Lasting Scars
The New York Times ^ | May 19, 2020 | Eduardo Porter and David Yaffe-Bellany

Posted on 05/19/2020 11:29:00 AM PDT by GuavaCheesePuff

Matthew Henderson couldn’t be entering the job market at a worse time. As a senior at Loyola University, he spent the spring semester interning as a trade policy analyst at the British Consulate in Chicago. But his chances of turning that opportunity into a permanent job after graduation ran headlong into the coronavirus pandemic.

Now Mr. Henderson is at home with his family in South Bend, Ind., unemployed and considering jobs at Costco and Target to help pay off $24,000 in student loans. “I’m in this bubble of anxiety,” said Mr. Henderson, who just turned 21. “I have to pay these, but I have no money to pay them.”

(Excerpt) Read more at nytimes.com ...


TOPICS: Government; Politics/Elections
KEYWORDS: coronavirus; economy; millennials; pandemic
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1 posted on 05/19/2020 11:29:00 AM PDT by GuavaCheesePuff
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To: GuavaCheesePuff

Sounds like he should take a job, and be thankful he can live at home with his family until the economy re-stabilizes. He could be in a much worse situation, IMHO.


2 posted on 05/19/2020 11:32:42 AM PDT by NEMDF
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To: GuavaCheesePuff

“Facing Adulthood With an Economic Disaster’s Lasting Scars”

Our parents and grandparents survived it. They learned thrift and ‘value for money’.

If that wasn’t enough, they were hardly on their feet when they endured a ‘world war’.

It can be done


3 posted on 05/19/2020 11:32:57 AM PDT by SMARTY ("Nobility is defined by the demands it makes on us - by obligations, not by rights".)
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To: GuavaCheesePuff

Life sucks, but you’re 21 - got your whole life ahead of you. Suck it up.


4 posted on 05/19/2020 11:33:25 AM PDT by TomServo
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To: GuavaCheesePuff

Considering?

“unemployed and considering jobs at Costco and Target”


5 posted on 05/19/2020 11:35:37 AM PDT by 2banana (My common ground with islamic terrorists - they want to die for allah and we want to kill them.)
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To: GuavaCheesePuff

God it must be really hard to be a young adult. No one to take care of you. No one to pay the bills on time. No one to comfort you when the world is mean to you. College was so great. You knew all the right answers to everything because your professors told you what the answers were. Life in a bubble is like life in the womb except no one is going to kill you because you are inconvenient.

Now the economy is in shambles, I owe $300,000 in student loans, I have a degree in black women gay studies specializing in Bolivian Spanish dialect. I can’t find a job that does not required some form of physical labor I was counting on just talking about what I feel, my emotions, that has always got me bye up to now.

What am I going to do besides opening up a go fund me page.


6 posted on 05/19/2020 11:41:25 AM PDT by dirtymac (Now is the time for all good men to come to the aid of their country.(DT4POTUS))
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To: GuavaCheesePuff

‘David Yaffe-Bellany’

LOL !


7 posted on 05/19/2020 11:42:10 AM PDT by tomkat
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To: dirtymac

Well, you could bunker down in you bedroom and play video games all day.


8 posted on 05/19/2020 11:43:01 AM PDT by ProtectOurFreedom
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To: GuavaCheesePuff

My parents hit the job market in 1930. Both survived and achieved.

I hit the PacNW job market in 1974 after the great Boeing layoffs. I survived and acheived.

To quote a neighbor kid of mine “LIfe is tough. Get a helmet!”


9 posted on 05/19/2020 11:43:30 AM PDT by llevrok (Vote while it is still legal)
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To: GuavaCheesePuff
Liberals aint gonna be happy till America becomes this again:


10 posted on 05/19/2020 11:43:30 AM PDT by Bob434
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To: GuavaCheesePuff
Frugality needs to be taught in schools. A young person is going to be in the financial the hole if he insists on $1000 iPhones, Spotify, Netflix, Starbucks, and eating out all the time, and of course credit cards. One of the most insidious ways of getting into poverty is recurrent debt each month on various "subscriptions".

$24,000 debt? Not bad by current standards. Paying that off that debt in short order is totally doable. Work hard, practice frugality, and get a second job, and he can have that debt payed off pronto. If mom and dad give him a place to sleep, even better. Working hard, paying off your debt builds character. It is a life lesson worth every penny.
 

11 posted on 05/19/2020 11:55:16 AM PDT by Governor Dinwiddie (Guide me, O thou great redeemer, pilgrim through this barren land.)
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To: GuavaCheesePuff

“I have to pay these, but I have no money to pay them.”

Dur dur dur. Should have thought of that before you took loans without a discernable source of income.


12 posted on 05/19/2020 12:02:52 PM PDT by Boogieman
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To: llevrok

I was down and out BIG TIME twice by age 30. Kept up the good fight and won!


13 posted on 05/19/2020 12:02:53 PM PDT by Bonemaker (invictus maneo)
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To: GuavaCheesePuff

Me? 37 yrs old broke, and in jail. Bounced back better than ever. As the song goes...”Its a nice day to start again”


14 posted on 05/19/2020 12:05:54 PM PDT by olepap
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To: ProtectOurFreedom

Well, you could bunker down in you bedroom and play video games all day.
________________________________

Been doing that since the 5th grade. Now what?

Parents wont allow that anymore. Want me to pay rent, do chores, and clean up after myself. The went to far when they wanted to do my own laundry. Now that I have graduated from college and have turned 25 they actually now want me to move out on my own. I guess I will have to get married.


15 posted on 05/19/2020 12:09:26 PM PDT by dirtymac (Now is the time for all good men to come to the aid of their country.(DT4POTUS))
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To: SMARTY

Hey old people listen up. This lock down and economic stoppage is a hoax. Stop it. None of this should have happened.


16 posted on 05/19/2020 12:13:57 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: GuavaCheesePuff

The posts on this thread make FR look like a bunch of fools. Shame on all of you. THIS IS A HOAX! There were far better way to fight this than the economic chaos route taken so far


17 posted on 05/19/2020 12:16:01 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: GuavaCheesePuff

24k is not as bad as a Child support, nor as bad as a criminal record with felonies.

It can be paid off.


18 posted on 05/19/2020 12:16:59 PM PDT by Bayard
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To: GuavaCheesePuff

Well he hasn’t been drafted yet so he has it easier than a male graduating from college fifty years ago.


19 posted on 05/19/2020 12:17:03 PM PDT by diatomite (Libs, the MSM, journos, actors - all are on the low-end of the Dunning-Kreuger effect)
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To: central_va

It ‘happened’-whether or not it SHOULD have.

Younger people do not comprehend sacrifice or duty. They don’t discipline themselves or make any demands on themselves.

That’s what I am talking about and it’s necessary to character, no matter how you come by it.


20 posted on 05/19/2020 12:21:04 PM PDT by SMARTY ("Nobility is defined by the demands it makes on us - by obligations, not by rights".)
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