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Weekly Reader 11.1.10

Job Outlook for Gen Y

A piece in a Wharton newsletter, “Not  a Lost Generation but a Disappointed One,” echoes other reports on the job market for millenials, but the information is worth repeating.  Yes, they are facing another tough year:

 “It’s not looking particularly good for Gen Y,” says Matthew Bidwell, a Wharton management professor. “And I don’t think it’s going to go away by the next graduation season in May. A lot of forecasts are for a slow and hesitant recovery. We’re not going back to 2007 any time soon.”

On the other hand, Gen y is resilient:

“They’re self-confident; they’re adaptable and they tend to be open-minded,” says Dale Kalika, a senior lecturer at the W.P. Carey School of Business at Arizona State University.he says. “They live in a [world] of change, so change does not surprise them — they’re flexible. And this is an optimistic generation. There is a belief that one way or another, things will work out, “

Go Granny, Go Granny, Go Granny Go! 

A major study done for Grandparents.com proves again that the stereotype of a gray-haired granny in a rocking chair is one that needs to be smashed!   As the report notes:   

Today’s grandparents are younger and more financially secure than those in generations past. Many own their homes outright (or have very small mortgages), and work well beyond the once-typical retirement ages of 62 to 65.

 The average age for first-time grandparent in the U.S. is 50, and they are spending money like mad for their little darlings: $52 billion  this year, the bulk of it on school tuition and other education costs ($32 billion), but also on gifts like clothes ($11 billion) and toys ($6 billion). (Indeed,  I did my share last week at the Lord and Taylor baby sale!)

When Adult Children Become Alienated

In a wrenching  piece, Jessica Barksdale Inclan, a California novelist, writes about the estrangement of her two sons:  one “an anarchist” and the other  a  “police-academy aspirant.”  Their conflicting values have lead to a falling out that has distraught Ms. Inclan. InWhen Adult Children Fight, A Mother’s Heart Breaks,” she writes,

 The fighting. This is the part of parenting that we don’t think about when children are in diapers. Here is when children become adults, and adults don’t always agree and then happily eat peanut butter-and-jelly sandwiches together. Young adults learn how to individuate, and that’s what I’m watching now.

It’s possible that these two will never come back to one another. The fight could be the axe that splits their relationship wide open, forever irreparable. I close my eyes and breathe in hard when I think of them forever at opposite sides. Siblings are the closest relationships in time and age and place. Siblings know each other in ways no one else can, and to see my boys approach an end to this connection is more than I can bear.

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