Young People Increasingly Giving Up Hope of "Dream Job"
Young people during this pandemic are increasingly giving up on finding their dream jobs and are more focused on just finding any job at all, said CNBC. This is according to a poll of 2,000 16-25 year-olds in the UK. The poll found that about 40 percent believe that they will never have a job they really love, the same proportion that now believe their future goals seem “impossible to achieve," and that they would "never succeed in life." The poll found, indeed, that 60 percent are concerned they won't have any job at all, let alone one they like that helps them work toward their goals.
Overall, 36 percent of those polled said they'd lost hope overall for the future. More immediately, 39 percent said they'd basically written off this year and next in terms of their goals.
While the poll is among people in the UK, it none the less reflects a sentiment that people here in the US are feeling as well. A recent US-based survey found two-thirds of college students said the pandemic has changed how they feel about their financial futures, and 70 percent think it will be harder for them to get a job after they graduate.
Young people out of college aren't feeling much better, according to a poll by TD Ameritrade, which CNBC also reported on. The poll found that one in three Americans aged 15-29 have been laid off already, and of those who are still employed, 63 percent are worried they will lose their jobs in the near future, compared to 52 percent of people overall. Meanwhile, young people are increasingly having trouble holding on to what money they do have, as 62 percent of Gen-Z and 59 percent of millennials say they are living as if they are broke, rather than above their means.
Overall, it is believed that young people will bear the brunt of the pandemic's economic damage which will carry long term consequences for their later earning power and career development.