Having a Quarter-Life Crisis? Calm Down, You.

…and read these stats on post-grad millennials’ views on jobs and education.

We’ve all been there. You’re at some social gathering, maybe a wedding, a family get-together, or a night out with friends. You’re having a great time… UNTIL somebody says this: “Oh, you studied¬†[insert any college major/master’s degree here]? You must have learned so much. So, what do plan on doing with that?”

Your brain freezes. GREAT. Being the paranoid parrot that you are, you assume that this person asked this question because he or she:

  • a) is genuinely interested in your future (hah! yeah, right!).
  • b) is trying to size you up like Regina George (“So, you agree? You think you’re really smart?”).
  • c) is under the impression that your major is about as useful as mastering the art of Ross Gellar’s “unagi.”
  • d) doesn’t think you’ll ever find a job, and is insinuating he/she believes you will be living in a cardboard box.
  • e) is just trying to make conversation (hah! yeah, right again!).

You try to be nonchalant. You try not to give away the fact that you’re panicked beyond belief. You try to give a safe answer. “Oh, you know, I’m open to pretty much anything,” you say. Which is true. You are willing to take something, anything just to get your foot in the door.

Ugh. “Could this BE anymore awkward?” says the Chandler Bing voice inside your head.

college

Chip up, buttercup! You’re not the only person who has experienced this awkward conversation. And while the last thing you may want to hear about is how well other twenty-somethings are doing career-wise, or what they think about our current economic state, you could learn a thing or two from them. Their insights into the economy, what skills are necessary in the workplace, and regrets they have about their education may help you figure out how to make it in the real world. Remember: if those fools can do it, so can you! Continue reading

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The Financially-Scarred Millennials

I have no idea where the jet planes, islands, and tigers on a gold leash are.

I have no idea where the jet planes, islands, and tigers on a gold leash are.

A new study found that millennials are the most fiscally conservative generation since the Great Depression, according to the Los Angeles Times.

Not only does this mean that we are more likely to save money, but it also means we are less likely to invest in the stock market. In fact, the study found that more than two-thirds of millennials don’t think it’s a good idea to invest.

The reason our generation is so financially risk-averse? The recent recession apparently scarred us.

“They have a Depression-era mind-set largely because they experienced market volatility and job security issues very early in their careers, or watched their parents experience them, and it has had a significant impact on their attitudes and behaviors,” said the head of investor insights at UBS, the company that conducted the study.

We, like the generations that have come before us, are not forced to take crash courses in financial planning in high school or college. But while we may have access to more financial information and guidebooks than any group of twenty-somethings that came before us, the financial consequences of messing up through a bad investment or business endeavor are far greater for us than they ever were for our parents.

For millenials, the hope of achieving the American Dream is long gone. Maybe Lorde (a.k.a. the new voice of our generation) is on to something: we are living in the ruins of the palace in our dreams.