GENERATION Y IS NOT READY FOR THE RECESSION!

I think we've all heard it before, Millenials/Generation Ys have never been through tough times, bla bla bla. Well we are about to, according to Beyond.com, Inc., the world's largest network of online niche career communities, with this looming economic recession we may be the hardest to get hit. And I agree that we are not taking steps to prepare ourselves.

But really what does it mean for us? What happens and what are we supposed to do? We own cars, we have jobs, we go to school, we are in debt, we eat out, and we have bank accounts so as far as I know, this talk that we won't be affected doesn't seem realistic, because clearly we are a substantial part of the economy. A friend and I have been joking about just staying in school until it's over because on a serious note, job searching is going to get significantly harder than it was a year ago. How are we supposed to find jobs in a time when no one wants to hire?

Geoffrey H. Moore, world renowned analyst of business cycles said about the Great Depression, "At the worst point of the Great Depression, in 1933, one in four Americans who wanted to work was unable to find a job. The high unemployment rates of the 1930s made those who had jobs thankful that they had jobs and fearful that they could lose them. Those who could not find jobs often took to the roads--thousands of men regularly rode the rails." Sure the concept of company loyalty is out the window and that certainly helps us a lot, so though it won't be as intense as the Great Depression, in part due to the government programs that have been created since, prepare for a hit, because it seems to be our turn now.

Check back tomorrow for an article on job searching through a recession. How to Job Search in a Recession It's time to rethink everything we do, because we simply have to. It's our reality.

Check out the links in the article, they are good sources to help you take the steps to preparing yourself and to help you get an idea of how this might affect you.

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Leyda Hernandez

leyda.h.v@gmail.com

www.makingmovesincollege.blogspot.com