Ask The Experts: Tips for Turning Summer Break Into A Brighter Future
Whether you’re prone to believing that kids should just be kids for as long as possible or…
Georgia (Jul 29, 2014) — Whether you’re prone to believing that kids should just be kids for as long as possible or that they should get off their spoiled butts and start pulling their own weight, the financial tumult we’ve endured in recent years has made clear how important it is to start sowing the seeds of a successful financial future early.
Link To Articlehttp://www.cardhub.com/edu/best-summer-jobs-internships-for-young-people/
We saw a 23-year-high unemployment rate in October 2009 (10.0%), at which time 15.7 million people were out of work in the United States. We saw more than 1 out of 10 credit card users fall so far behind on their bills during the first half of 2010, that banks legally had to write their debt off the books (the consumers still owed it, however). And we’ve also seen U.S. consumers rack up more than $73 billion in new credit card debt in the last two years alone.
Now, while there are some bright spots in the job market forecasts for young people, student loan debts are in excess of $1 trillion and unemployment rates among recent graduates are still high. Just consider the findings of a recent Economic Policy Institute study:
Young High-School Graduates:
- Unemployment Rate: 29.9%
- Underemployment Rate: 51.5%
- Pre-Recession Context: In 2007, unemployment among young high-school graduates was at 17.5% and only 29.4% was underemployed.
Young College Graduates:
- Unemployment Rate: 8.8%
- Underemployment Rate: 18.3%
- Pre-Recession Context: In 2007, unemployment among young college graduates was at 5.7% and only 9.9% was underemployed.
There are a couple of things that we can take away from all this. First, having a college degree is clearly important. Second, the job market is extremely competitive no matter what age you are or how much schooling you have.
In short, that’s why high school and college students should leverage the summer break to maximize their career prospects for their future. This doesn’t mean summer should be all work and no play, but rather that strategically using a portion of your free time can really pay dividends down the road. …
(Please click on the link to read the full article, which includes an interview with KSU Executive Director of Career Services Karen Andrews.)
A leader in innovative teaching and learning, Kennesaw State University offers undergraduate, graduate and doctoral degrees to its nearly 43,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the country and the world. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status. For more information, visit kennesaw.edu.