#CampusProtests #youth #FinancialSecurity #GenerationalWealth #frustration
In generations past, parents always wanted their children to have it much better than they did.
Often, that was achieved. If parents worked at manual jobs, they wanted their kids to go to college, so they would not have to do manual jobs.
Many of today’s young people see no way they can have a better life, at least economically, than their parents.
That is, short of inheriting the wealth their parents accumulated.
Many of these young people come out of college with huge student debt. If they become, say, schoolteachers, there is hardly any way they can pay off that debt AND buy a house AND start a family etc., as far as they can see.
The protests on college campuses today seem to be over the war in the Middle East. But, author Scott Galloway, in his book, “The Algebra of Wealth: A Single Formula for Financial Security,” says young people are not seeing themselves as ever becoming better off than their parents.
That may lead to the frustration some students are expressing in the campus protests.
Galloway appeared on “Inside with Jen Psaki” on MSNBC May 5, 2024.
From another perspective, Nedra Rhone, “Real Life” columnist for The Atlanta Journal-Constitution, writes that this year’s college graduates may have been deprived of both of a high school graduation ceremony because of the COVID-19 lockdowns of four years ago, and now perhaps of a college graduation ceremony because of the campus protests.
You have to feel for this generation, Rhone says. Her column on the subject also was published May 5, 2024
Financial security for young people – again, short of a big inheritance from mom and dad – is getting harder to achieve.
Today, unlike in decades past, going to work is a big cost in terms of commutes, child care etc. If the return paycheck hardly compensates for that, frustration can build. Working from home, if allowed, can ease that stress, but not everyone has that ability.
The good-paying jobs that result from expensive college educations don’t pay as well as one might think, when comparing the cost of living today with the cost of living their parents faced.
Housing costs are way up from decades ago, both in home prices and rents.
If one becomes a teacher, and, perhaps, marries another teacher, even both of their paychecks may not give them enough to house themselves and otherwise enjoy life.
We are not even talking about those who do not get a college degree. Of course, those who go into the trades – plumbers, electricians etc. – can do very well because they will always be in demand. But, surprisingly few kids are exploring that route. After all, the work can be hard and long. Many may have even watched parents work hard in trades, and don’t want to do that.
So, the frustration among young kids today may have been building over time. Some may feel quite hopeless, which may spawn mental illness.
They may find the jobs they WANT to do don’t pay enough. They either have to do something else they may not like, have a “side hustle” in their free time or try to scrape together a living with what they make doing what they like.
Some still lean on mom and dad for help well into their adult lives. How on earth, some are thinking, are they ever going to retire?
There is no better formula, perhaps, than to live below one’s means, if that’s even possible, and put the leftover money into savings. Each time one gets a raise, put that into savings, if possible.
There is no easy answer for this young generation. But, by all means, they should focus on optimism, relationships and finding less costly enjoyments in life.
Peter
Tag Archives: frustration
RUDENESS ON THE RISE; WHY ARE FOLKS SO ANGRY?
#rudeness #anger #frustration #incivility #abuse
The sign said: “Attention! Our employees have the right to be treated with dignity and respect at all times. They should be able to do their jobs without being physically or verbally abused. Most people respect this. Thank you for being one of them.”
That sign was displayed at an office at Piedmont Hospital in Atlanta. Nedra Rhone, “Real Life” columnist for The Atlanta Journal-Constitution, saw that sign at a routine medical appointment. She’d never seen such a sign before.
It prompted her to discuss general rudeness in a column published June 8, 2023. She quotes Christine Porath, who has studied incivility for more than 20 years.
“This kind of incivility leads to negative outcomes not only for workers who experience it directly, but also those who witness it – all of which harms businesses and society,” Rhone quotes Porath’s Harvard Business Review article.
Porath found that 76 percent of respondents in 25 industries across the globe say they’ve experienced incivility at least once a month. Those levels have risen since 2012, poking holes in the theory that the epidemic of rudeness started with the pandemic, Rhone writes.
Stress, negative emotions, isolation, technology and lack of self-awareness are the main drivers of widespread rudeness, Rhone quotes Porath.
The problem has many consequences beyond hurt feelings. Some of the front-line workers who experience this rudeness usually are not the most highly compensated. In a way, it makes them easy targets for the frustrated.
Often, these folks have no ability to ease the frustration. But as they experience the abuse, the employees are less likely to stay in those jobs for very long. It is just not worth it to them.
The frustration and anger at usually something small – Rhone sites a hair colorist lambasted by a client because she didn’t like the color that was chosen – can follow a frustrated person home. That means the frustration, without a stranger to whom to release it, can be felt by family and other loved ones.
Therefore, the frustrated person takes it out on someone at home who had nothing to do with the problem. Over time, that can lead to family dysfunction, divorce, broken friendships etc.
Such frustration can be taken into the political arena. When one or more people are angry and frustrated, it’s hard for them to agree on anything. So, little gets done.
In the same political arena, fear and anger can overpower optimism and looking to the future. People become focused on what they perceive has been done to them, rather than what can be done for them hereafter.
How does one become a less frustrated, nicer person? For many, it takes work. It takes being thoughtful before speaking or acting. It takes realizing that the person on whom you may be taking out your frustration cannot help you solve your problem.
There are indeed rational, civil ways to address grievances in most cases. Don’t become the person who is not happy unless he or she is miserable, fearful and angry.
Think about what is good in your life. Think about whether the energy you spend in anger is worth affecting your health, your well-being as a person and/or your relationships.
People can be, and have been, wronged by others or other things. If you feel compelled to express that anger outwardly, don’t choose targets that cannot help you solve your problem.
Those targets will disappear eventually, and you’ll be much worse off for THAT, rather than the original cause of your anger.
Peter