I am so depressed for the young kids coming out of college right now.  According to the NY Post, young unemployment is at an all time high of nearly 52% and what really caught my attention was this:

“It’s an extremely dire situation in the short run,” said Heidi Shierholz, an economist with the Washington-based Economic Policy Institute. “This group won’t do as well as their parents unless the jobs situation changes.”

If there were only one single goal my parents wanted for their kids was that we do better and live better lives than they did growing up.   I can honestly say that I have lived a much richer, healthier and more satisfying life than either my or my wife’s parents did as they were growing up.   I can also say that my parents lived much better than their grandparents did growing up as well.   I think it so sad to suddenly feel that some people’s kids are actually going to be worse off than their parents.

I personally hope that my kids do better than we do but I often wonder.   I’ve now made it a point to buy a couple of houses and ultimately turn these over to our kids when they grow up but I wonder if that will be enough.   Unfortunately, I can tell there are too many people still living in fantasyland hoping that things will return to the way they were a few years ago but it’s difficult for me to phathom how that’s going to happen.