We all went to school optimistically and I graduated, from high school, college and law school during times of great economic distress so have a history of trying to find a job when the market sucks. Now that all I have are student loans, it's not so bad; it was horrid a few years ago, when I had consumer debt as well.
I feel bad for the recent graduates, who grew up in better economic times and are part of the spoiled generation. There's a whole generation out there unaccustomed to adversity in any form and now they're learning that mommy and daddy can't fix everything.
The so-called helicopter parents who intervened in every part of their children's lives, provided them with every possible consumer good and gave them the expectation that they could have whatever they wanted immediately, no question, did them a huge disservice; these same parents aren't necessarily in a position to follow through on tuition payments, new cars, condos and unlimited use of credit cards due to the current economy. Their kids just don't have the tools to cope with that.
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