02-27-2014, 01:31 AM
beagledave wrote:
Or..you know..not.
That article does not take into consideration why young adults are pursuing higher education rather than entering the workforce. From what I can tell, it's largely due to their inability to find decent jobs.
http://money.cnn.com/2013/10/22/news/eco...index.html
Changing workplace trends have meant fewer opportunities for those just starting out. A major one: the baby boomers delaying retirement. They're also living longer, and they're realizing they may not have stashed away enough money for retirement
As a result, they tend to hold on to their jobs.
The percentage of the people aged 55 and over in the workforce has gone from just over 30% in 2000 to over 40% currently, according to BLS.
The result is fewer opportunities on the lower end of the job ladder, which has kept a lot of millennials on the sidelines.