Millennials Got It Bad!
I can't sit here and say that our generation has it the hardest, because I'd be lying. I can, in fact say that its obvious that millennials struggle in the transition from young adult to adult. Becoming an actual grown-up is a lot harder than it looked like when my parents seemed to do it so perfectly. Here are the top 5 issues millennials are facing as they try to become fully functioning adults.
We are so educated!
- Generations before us like the baby boomers for example weren’t as focused on going to college to get a degree. As I’ve seen from my own experience they were focused more on trade jobs and that didn’t always require a four-year degree. Here is why this is now a problem. As more of us went to school, got a bachelor’s and then for some a Master’s degree, more and more jobs were sought after and therefore taken. Now finding a job isn’t as easy as it used to be. We have to fight a little harder because there is a line-up of people behind us pining for the same job. Just for some perspective, about 61 percent of millennials went to college while only 46 percent of baby boomers did. Out of a population of 90 million millennials, 61 percent is a whole lot of us! With this being said, college degrees, as we still see them as a good thing, can sometimes feel just like your high school diploma. This supply and demand effect on jobs available to millennials has created quite a rift in the unemployment numbers. The US Census reports that about 40% of those unemployed are millennials. That’s a pretty big number!
We are in so much debt!
- Ok, lets be honest. If you went to college, you’re most likely in debt, and don’t get me started on continuing your education after receiving your first degree! I personally am in about $80,000 of debt just from going to school. YIKES!!! I spoke to my uncle a few weeks ago about his student loans and he has as much stacked up as I do, but my total is the total he has for both him and his wife! When I heard this I was shocked and his response was, “Well, don’t forget school didn’t cost as much when she and I were in school.” Guys, this is crazy! According to a post from USNews.com the cost of tuition from 1995 to 2015 has gone up by 170 percent. Check out the chart below:
We don’t have the greatest relationship with money
- I’ll be real and say I fall into this too. Before learning how much money we owe for school we spend! A lot of us don’t have the best knowledge when it comes to things like credit, saving, budgeting or investing. Changing the way we relate with our money is a huge step in learning all the rest. Being in my late 20’s I wish I had learned some of these things earlier on. I’m getting there and so will you! The easiest way to do so, track where your money goes! In one month I realized I had spent $60 at Starbucks!! I was so angry with my self that I decided to start looking at my money more closely.
We struggle with anxiety and depression (Can you guess why?? Hint: Read 1,2 and 3)
- Yes, you guessed it. I fall into this case as well. It all makes sense if you just read through every other struggle I’ve listed. Overcoming these challenges isn’t easy. Sometimes we need help and its completely okay to admit that. I have a hard time even thinking about talking to a therapist but I’m also really stubborn. My recent onset of anxiety stems from all the struggles I’ve previously listed. I get nauseas thinking about how to pay off that amount of debt on top of trying to live on my own, pay other bills, and still feed myself. I’ll admit to breaking down several times and my sister then turns into my therapist and fuels me to do things like this blog. Write your feelings, she says, so I do. If you are dealing with the same issues, know for a fact you’re not alone!
We’re lost, or at least we think we are
- Millennials are the wanderlust generation. I will say we may be one of the most creative generations yet. With that I have noticed we tend to feel as if we’re just wandering through life wondering what it is we are supposed to do. That’s okay! Want to know why? Because! Who says we have to adhere to the grow up, go to school, get a job in corporate America, work to live, live to work and retire with barely enough money to sustain and that’s the end of it, life model? We want to travel, create our own hours, or at least work somewhere that doesn’t feel like a trap. We want to enjoy our jobs, or create our own jobs so we can work for ourselves! There is nothing wrong with that and there is definitely nothing wrong with chasing your dreams to break out of that mold. Is it easy? No! It takes hard work, dedication, education and time but can happen. A saying I have recently taken to heart is “Work to make your 9-5 a side hustle.” Were not lost, we just are creating our own paths to happiness!