The Young America’s Foundation released the results of a new poll on Wednesday which reportedly found that 51% of graduating college seniors are “nervous” about their post-grad future. The timing of YAF’s findings comes mere days after the Wall Street Journal released data proving that 2014 graduates are the most indebted in United States history. There’s no doubt that the stress of having such substantial debt has to be included in the 51% who are weary of post-grad life.
In the six years that have passed since the 2008 recession, little progress has been seen. Although the Obama administration is adamant that the recession is long gone, and that the economy is flourishing, poor job growth makes those claims very difficult to believe. The Young America’s Foundation poll found that only 39% of graduating seniors were optimistic about finding a job placement after graduation. When the expectations are that low, the motivation to get out and search is likely lower.
The article explaining the new poll found on YAF’s The New Guard blog states the following:
Seventy-two percent of graduates have already filled out at least one job application, and 20% have applied to ten or more jobs. Out of those who have filled out applications, 56% have not received a single interview. One wonders if there’s a sense of desperation and panic among those who are actively searching and garnering no results.
A “sense of panic” indeed. Without a job, these poor graduates will likely find themselves moving home, spending their days hopelessly searching for a job that probably isn’t there. Not exactly the American Dream we were promised, huh? Interestingly, the study does not state whether or not the jobs which these soon to be graduates applied for were even in their desired career field. There is a possibility that the 56% who haven’t had “a single interview” could be applying fast-food joints or retail stores.
One of the most startling results from in the poll was that 37% of graduating seniors believe they will end up “worse off” than their parents’ generation. This seems to be a sobering reflection of America’s continued economic decline and slow recovery under the Obama administration. Given the current state of the economy, 43% of respondents said they had planned on getting their own place but now will not. Thirty-four percent planned on paying off student loans but won’t be able to, and 26% planned on getting married and starting a family but will delay those plans.
Some people may laugh at this polls finding, and say “Typical Millennials!” There is no denying that we are probably one of, if not, the most mocked generations. A day doesn’t go by in which we aren’t referred to as lazy, arrogant, idiotic. While some of those claims may be true, the younger Millennials who are the ones polled in YAF’s study and are currently finishing up their degrees aren’t being shown in the right light. We’re not stupid. We’re scared.
Millennials fell for the sham of Barack Obama. Millennials believed in hope and change.
The change came differently than we thought. We are now the most indebted generation who are frightened to leave college because of a still broken economy that leaves very little promise of a job post-grad.
All hope they had now lies in 2016.