Gen-Y, Why Are You Worried?

Posted by Daniel in Advice, Gen-Y, Jobs, Life, Planning, Uncategorized

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It seems like there are too many young people worrying these days.  As I checked Facebook on New Years I read way too much of the “Thank God 2008 is over!” or “2008 Sucked! Let’s hope for a better ’09″ status updates.  Quite frankly, 2008 was a pretty good year for me.  Mary and I bought a house, I discovered a passion that I never knew I had (blogging), we have a new niece, and really nothing bad happened to us.  So I have to ask, why are you worried, because in reality (assuming you’re Gen-Y or even a Young Gen-X) you don’t have much to worry about.

Generally speaking, if you’re under 30 you are cheap for the company to employ, so your job is most likely safe, but be ready to take on extra responsibilities without a pay raise.  After we are out of this recession, the experience you have gained will better position you for promotions and raises.  Keep your head down, wear some corporate camo and work hard.  If you are graduating and worried about finding a job, take comfort in the fact that over a third of recent grads move home after college.

If you’re under 30 you don’t need to worry about your retirement much, in fact one of the best things you could do right now is to put more into it.  If you haven’t started saving for retirement…start!  The markets are depressed, so a good investment that would have cost you $50/ share a year ago, might very well still be a good, if not better investment at $20/share today.  If you are worried about picking stocks, consider index funds!  Purchasing index funds is like purchasing one of every stock on a certain exchange, it balances out the risks of individual failures with the rest of the market, including the biggest performers.

Millennials, go outside, the sun is still up, it’s not all doom and gloom.  This is the perfect time to seize opportunities and responsibilities as they come to us!

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3 comments

  1. Kellie

    I am twenty years old, I have been applying for a job everywhere for the past three years even jobs I know that I wouldn’t be able to get transport to or from since I have a car but we don’t have enough money to get insurance for it. My husband has type 1 diabetes which he just got out of the hospital for. We can barely get by every week(that was before the hospital bills) even though we live pretty frugal. I don’t have health insurance. My best friend has something wonky with her brain(multiple sclerosis and possibly diabetes)she doesn’t have insurance either. I’m not sure what all the other people in my age group are worried about but I am sure they have a valid reason to be.

  2. Kellie

    Sorry about that, you can ignore my comment I just had a bit on my mind.

  3. Daniel

    Kellie,

    No worries. I’m sorry to hear about everything that is going on with you, that all just plain sucks. I wish you the best, and if you’re ever looking for advice, help, or just to rant feel free to e-mail me.

    -Daniel

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