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Today I read an NYT article that basically focused on one young man’s inability to launch a “dream career”, and how his family worried about him.    The article is titled “” and it notes that 23% of young adults aged from 18 to 29 are not searching for a job, and 14% are unemployed.  The story tries to paint a  bleak picture of my generation’s future, but I think the writer does not quite understand what the American Dream is for today’s young adults.

I feel like that the article focused too much on the American Dream being a well paying job that you do for 30 to 40 years.  I do not know anyone my age whose goal in life is to work for someone else  for their entire lives. On the contrary a lot of my friends dream of creating their own ventures, and some have started doing their own thing.  It would have been interesting if the NYT reported on how many of these unemployed young adults are trying to start their own businesses.  With today’s cheap technology it is quite easy for young adults to start a profitable business from home.  One phrase that I have heard a lot and I feel is worth repeating is “you don’t need a job, just a way to make a living”.  I have never heard of any of my friends say that they wanted to “climb the corporate ladder”, but many have said that they want to just run their own business.

Another problem with the NYT article is that it focuses on a young man who is still relying on the bank of mom and dad two years after he graduated from college.  I do know some people like him, and I really think that its the parents’ responsibility to stop letting these kids leech.  The guy featured in the article also turned down a job paying $40,000 a year without any reasonable backup plan. I just don’t see how this one privileged young man’s story indicates that the American Dream is elusive for all of us.  It just didn’t make too much sense because this guy’s struggles are so miniscule compared to many others in our generation who have real responsibilities.

One thing I do believe is true is that there is a lot less financial security for my generation.  Pensions are now extremely rare in private industry, and many young adults are finding that their expensive college degrees are a burden rather than a boon. Additionally, the U.S. government is still spending money like there is no tomorrow, so taxes will definitely go up while I think the current reality just means that we have to work hard and  create our own financial safety net.

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[...] This post was mentioned on Twitter by Peter Freer. Peter Freer said: The “American Dream” of my generation: [...]

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