Tick Tock says the Clock, and me without a house!
I decided to add a countdown widget to my blog as a reminder of the desperation that, not only myself, but countless other recent grads, long-term unemployed and a vast swath of the world in similar dire straits are dealing with every day. Time keeps marching on and many of us are growing more desperate. This is beyond a “First World Problem”.
I graduated from college in June 2012. I cannot find a job, the savings (read: student loan payouts) my fiancee and I have are drying up and my unemployment runs out in about two months (his was yanked 6 months earlier than we expected also, because Washington state fell below 9% in unemployment, he was on emergency tier 3). Once my unemployment runs out I will no longer be able to pay rent (which I am already struggling to do) and will lose my apartment.
We would like to move in to cheaper housing (we rented this place when we had jobs). Our plan had been to use summer and fall loan money to secure cheaper housing by paying 6 months up front (because no one would rent to us otherwise without income), but that option is gone now as we lost half of a student loan payout because my fiancee failed a math class (I should note he had a B in the class but bombed the final, so he failed) over the summer term which lowered his credits and in turn the amount of loan money paid out.
My fiancee is scheduled to graduate this coming spring, but we are not expecting him to find a job any time soon after that.
We would like to get married, but we don’t have the money to have a small ceremony. The thought of starting a family is absurd since we cannot take care of ourselves, let alone children. This is a spirit crushing reality for my generation, especially for the poor or lower middle class.
To date I have applied to 104 jobs (and some were for admin work, of which I have years of experience doing), secured one interview for a dream job, didn’t get it and am now pretty much hopeless. I know I am not alone. In tough times some people want to tell you that everything will be okay, but will it? I have my doubts, my very large, scary doubts.
I have never been this hopeless in my entire life, and it has been a very tough, impoverished life. I always thought if I could just get through college everything would be okay for me, I was wrong.
I am not being hyperbolic, this is happening to us, people! Forget about upward mobility for poor grads. For middle class grads, forget about doing or having any of the things your parents did (read: buy homes, find long term employment, have healthcare, raise a family, live to do anything other than survive)– we are screwed. The job market has shifted in such a way that having a bachelor’s degree is now pretty much required for most semi-professional to professional jobs (except for sales perhaps), so we take out loans to go to college, of which the cost of attending has risen at four times the inflation rate and gone up between 600- 1000% since the 70’s—-http://www.bloomberg.com/news/2012-08-15/cost-of-college-degree-in-u-s-soars-12-fold-chart-of-the-day.html , but then when we finish there are no jobs or grossly underpaid ones ( I am just waiting for the student loan bubble to pop, who will bail that situation out?).
* you can watch the entire student debt documentary for free @ http://www.indiegogo.com/filmdefault
I actually don’t mind paying back my student loan, but I need a job to do it, a job that will allow for my housing and…
President Obama and his administration have proposed a plan for student debt reform, which may help (and has already taken bankers out of the process, which is good):
My plan? Do my best to get a job, pay my student debt and get the hell off the grid of consumer culture. Debt free is the only real freedom, or the closest thing to it anyway.
This cycle pretty much ensures that we will never be able to save money or get ahead because we will earn just enough to pay bills (if we are lucky!) and student debt. And since we will not have enough money to purchase homes or put in to a retirement plan to get us through our golden years we will be relying heavily on entitlement programs such as social security and medicare…but oh that’s right, those programs will most likely be sucked dry and/or red lined by the time we can retire at age, what 72 now…the age will be raised to 78 or 80 by the time we get there my friends. History has shown us that when the wealth gap between the rich and poor is this high the economy takes a nose dive, it happened in 1929. Look at the stats. Here is good documentary:
Yay America. Let’s get ready to r-u-m-m-b-l-e.
Articles for your displeasure:
http://www.nytimes.com/2012/06/06/business/more-young-americans-out-of-high-school-are-also-out-of-work.html Recent High school grads have it bad also.