The rising generation is in the shadow of baby boomers

Published: Tuesday, June 5 2012 2:15 p.m. MDT

Many baby boomers continue to shine in the limelight of well-paying, secure jobs as their kids look for employment.

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Many baby boomers continue to shine in the limelight of well-paying, secure jobs as their kids look for employment, according to The Daily Beast.

Because the older generation is already settled in their jobs, they are guaranteed higher salaries and pensions, according to the article. This forces adults ages 25 to 34 to accept lower salaries for jobs in supermarkets, factories and government.

A Brookings study shows the government has been favoring the elderly for a generation, spending up to 2.4 times more than on children, according to The Daily Beast.

The lack of money has increased the number of adults living with their parents to one in five, double what it was 30 years ago. Those preparing to enter the workforce have to look for different ways to opportunities, according to the article.

Email: ehong@desnews.com

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