By Kevin “Coach” Collins
The gap between the earnings of those below 35 and those over 35 is now sufficiently large to say the younger generation will NOT live better than their parents or grandparents. This generation, tagged Generation Y, is seeing its window close and a growing likelihood it will be the first generation in American history to live less well than previous generations.
Generation Y men and women with skills and educational levels that should have been gateways to at least an upper middle class life are finding the positions they trained for in the various professions either don’t exist or are so rare as to be all but impossible to secure.
One recent law school graduate has bitterly commented, “I had a lot of faith in the system, the mythology that if you work really hard you can achieve anything, and the stock market always goes up. It was pretty naïve on my … Continue Reading:There’s no fool like an old fool? Try, There’s no fool like a ‘know it all young fool’