College students worry … and think

Today’s college age generation has been disillusioned by a decade of recession, the decline of the U.S. in the world, and a general loss of confidence in democratic capitalism as a promise for their futures.images

Hence they are less likely to buy into the idealism and work ethic of 90s kids. But who knows, maybe they have better critical instincts. David Brooks is worried about all of this, as he writes in today’s New York Times:

“Twelve years ago, I wrote a piece for The Atlantic, called “The Organization Kid,” about the smart, hard-working, pleasant-but-cautious achievatrons who thrive in elite universities. Occasionally, somebody asks me how students have changed since then. I haven’t been perceptive enough to give a good answer.

“But, this year, I’m teaching at the Jackson Institute for Global Affairs at Yale, and one terrifically observant senior, Victoria Buhler, wrote a paper trying to capture how it feels to be in at least a segment of her age cohort. She’s given me permission to quote from it. Buhler points out that the college students of 12 years ago grew up with 1990s prosperity at home, and the democratic triumph in the cold war abroad. They naturally had a tendency to believe deeply “in the American model of democratic capitalism, which created all men equal but allowed some to rise above others through competition.” Continue reading “College students worry … and think”

How economy is hitting older people

Young graduates are in debt, out of work and on their parents’ couches.

People in their 30s and 40s can’t afford to buy homes or have children.Retirees are earning nea

r-zero interest on their savings. Today’s New York times carries a sobering story about the way the economy is hitting people just under retirement age:

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“In the current listless economy, every generation has a claim to having been most injured. But the Labor Department’s latest jobs snapshot and other recent data reports present a strong case for crowning baby boomers as the greatest victims of the recession and its grim aftermath. Continue reading “How economy is hitting older people”