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The Ixl Company discusses the difficulty of graduates building a career in this generation
Unemployment is high, education is expensive and the idea of a 24 year old getting themselves on the property ladder is laughable. Why is it so hard for the average 24 year old to build the basic foundations of their lives in their early 20’s?
By: The IXL Company
18.5% of 18-24 year olds are unemployed. 62.5% of 18 year olds go on to higher education. 62.5% of 18 year olds are paying for education. How can these young twenty-something’
Just before 1965, the baby boom generation was born, those born in the two decades before 1965 are now between 50 and 70 years old, and these are the people of the baby boom generation. During their lifetime, house prices were lower, employment was higher, and looking back, they lived a pretty easy life compared to the youth of today. “I am interviewing at the moment for openings at The Ixl Company in my newest branch in Crossharbour”
Because of the recession and the state of the economy, many older people are staying on at their jobs past retirement age, simply because they cannot afford to not work. This is causing jobs that would usually become available to the younger generation and graduates to not be available, add on that unemployment is high, and house prices are higher, what hopes do these graduates have of building a career and getting onto that much needed property ladder? Let alone starting a family which can cost anything from 20k a year “If you look at statistics, back in the 90’s nearly 40% of 16-24 year olds were homeowners, step forward almost 20 years, and you can see that the figure has dropped to almost 10% and most homeowners are those from the baby boom era, being between 65-74, and younger people are struggling to own properties at all” Says Sam Mouden, Manager of The Ixl Company.
Clearly the younger generation between 18 and 24 need help, they need jobs, and they need to get on the property ladder. With prospects of renting all their lives, living on benefits and never getting a job, it is very hard to imagine a future or a career for graduates that have worked hard to get a degree to move onto a well paid job. “Someone needs to step in and help, there needs to be some sort of scheme, the government needs to help, right now it may be difficult but it will only get harder when this generation reach 40 or 50” Says The Ixl Company receptionist, Emma.
Not only is high unemployment and raising house prices causing graduates to struggle, Britain is also facing an ageing population. "In the next 10-20 years, around 60% of the population will be over 60, meaning more time and money will need to be spent to care for them, and why is this? because these graduates are falling into thousands of pounds of debt by trying to study, they end up jobless, with no chance of buying a house and so the last thing they want to do is start families, leaving the population aging and the bill ending up on the tax payers" says Emma, The Ixl Company Receptionist.
For now the younger generation of students and graduates must sit and wait for a solution, while hunting for jobs and doing their best, with on-going support from companies like The Ixl Company, surely the government can get involved, bring these companies together and give this generation some work, some money, and most importantly some hope!
The IXL Company
Page Updated Last on: Jun 18, 2014