The Effect of Recession · January 31, 2013

Posted: February 1, 2013 in Uncategorized
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Prophetic Intelligence Briefings

The Effect of Recession · January 31, 2013

Younger people are the ones hurt most by an economic recession. At a time when employers are laying off people, and only hiring sparingly, it is the 20-30 age group that suffers most. And the numbers are staggering.

According to an Associated Press report, only 2.4% of college graduates find jobs out of state. Where do they end up, at home. An astounding 5.9 million members (25% higher than the last recession) of what is known as “The Lost Generation” leave college to live with their parents. Most of them are men, discouraged men. And they work odd jobs until they can get permanent employment, which only half of that number achieves.

Needless to say this “delays the entire process of becoming an adult, getting married, buying a house, and starting a family.” And speaking of marriage, it too is in decline, with a record low of 44.2% of those between 24 and 32 years of age tie the knot. And home ownership suffers too. It fell from 67.3% in 2006 to 65.4% in 2010.

“When the Lost Generation is found again, they’ll be older, inexperienced and without assets to speak of. And they will need to grow up fast.”

And there seems to be no end in sight. It is expected that these circumstances will last for the rest of this decade and will take another decade to recover. All that depends on whether or not there are more setbacks to the ailing economy. While this report was about American youth, it is worse in Europe, where riots have erupted frequently over austerity measures and job losses.

“All around us the world is manifesting intense activity. There is a feeling of apprehension among all people; they are looking for some great event, but know not what it is to be. The state of affairs in Europe excites men’s fears, and all are looking for those things that shall come upon the earth, and their hearts are failing them for fear. The nations are filled with anxiety, and there is a spirit of unrest and tumult on every hand. If ever there was a time when men should know their position, it is now. No man can afford to go on blindfolded, not knowing in what road he is traveling, but careless and hoping to come out right in the end; for great and disastrous will be his awakening…” Review and Herald, May 26, 1891

IT’S OFFICIAL: The Recession Has Created A New Lost Generation

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