The Unsatisfied Generation: Most Young Workers Unhappy With Their Jobs
Twenty-somethings are having a hard go of it on the career front. According to a new study, most workers in their 20s are unsatisfied with their jobs, but according to the Associated Press (AP) all they have to do is “just wait.”
A new AP-NORC Center for Public Affairs survey found that 9 out of 10 workers aged 50 or older said they’re somewhat or totally satisfied in their jobs, but a large share of young people are unhappy. Many millenials are starting their careers in a field in which they feel overqualified and don’t want to work, according to a report earlier this year from McKinsey on Society. In fact, nearly half of graduates from four-year colleges are in jobs that don’t require a four-year degree. Because of this, it’s taking young workers a lot longer than their baby boomer counterparts to earn as much money. As the Huffington Post reports, “In 1980 the average worker earned the median wage by the time they were 26, according to a September study from Georgetown University researchers. Now that average age for that achievement is 30.”
Of course this also means young Americans are building wealth at a slower pace relative to their older counterparts. “Older Americans had 44 times as much wealth as younger Americans in 2009, up from 13 times as much in 1984,” reports HuffPo. On top of all of this, while young people are finding it hard to land a decent-paying job in their field, they’re being overwhelmed in record numbers by student loan debt.
So how long will young people have to wait to be satisfied with their career? The Huffington Post says it may take them up to more than 30 years.
No wonder 20-somethings are unhappy.
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