Saturday, December 17, 2016

Literature Review #5

 














Title

What’s Going on with Young People Today? The Long and Twisting Path to Adulthood
 
 
Citation
 
 Jr., Richard A. Settersten, and Barbara Ray. "What's Going on with Young People Today? The Long and Twisting Path to Adulthood." The Future of Children 20.1 (2010): 19-41. Web.
 
 Summary 
 
This article focuses mainly on how the ages in which many achieve traditional markers of adulthood have been in a state of flux in recent decades. Several reasons can be attributed to these changes including economic, social, and political shifts. One main point is that many of the current generation are following a path that sets them up for achieving such markers at later ages than in past generations.
 
 
Authors
 
Richard Settersten Jr. teaches at Oregon State University as a Professor of Human Development and Family Sciences. His research focuses on life-course studies.

Quotes


"Definitions of adulthood also differ markedly by social class. For example, Americans who are less educated and less affluent give earlier deadlines for leaving home, completing school, obtaining full-time employment, marrying, and parenting." (Settersten & Ray 22"
 
 "Much of the media attention and public debate on the subject of the changing transition to adulthood start from the assumption that something is wrong with young people today as they take longer to “grow up,” that the “fault” is of their own doing." (Settersten  & Ray 36)


Value

This article helps because it provies further proof of how the current generation differs from those of the past in terms of how society considers aduthood. Not only does it relate the fact that adulthood is often thought of as a specific concept, but it gives reasoning behind the recent shifts in its attainment.
 
 

Literature Review #4



















Title 

Strapped: Why America's 20 and 30 Something Can't Get Ahead

Citation


Draut, Tamara. Strapped: Why America's 20- and 30-somethings Can't Get Ahead. New York: Doubleday, 2006. Print.

Summary

In this book, we are introduced to the financial nightmare that many face as "young adults". Because of the emphasis of establishing the means of a stable financial future, many of the current generation are forced to make unfavorable decisions due to the detrimental impact that debt has on their lives. Now most "young adults" stay "young adults" because they are not financially equipped to escape the hole debt has put them in. Draut offers explanations of why this has happened drawing on the experiences of many young adults in order to offer some plans to think about for the future.

 Author

Tamara Draut has written many pieces about generational differences often citing the economic and social differences. Currently she is the Vice President of Policy and Research for the organization, Demos. 


 Key Terms

Young Adulthood


Quotes

"Living paycheck to paycheck is the norm for young adults. College grads may have a better shot of slowly digging their way out of the insecurity but it most likely will not happen until they hit their forties".

"The path to adulthood for today's young adults is a full-blown obstacle coure of loop de loop turns and jagged edged hurdles"


"It's not exactly the kind of generation-defining characteristic we wished for, but debt is perhaps the one shared experience of our generation" 


Value

This book has allowed me to focus my idea on the financial implications face in young adulthood such that this seems to be the stage where most college grads remain as they service their debt. It introduces a notion that debt has unfortunately become sort of a phantom guide for the life course after college.

Research Blog #6 Visual



This graph displays the trend of how student loan debt has increased dramatically over time. At the turn of the millennium, the average student owed about $21,000 compared to $35,000 today. This graph is significant because it displays how the price of college must be rising and how student loan debt is essentially becoming a crisis among college students that only gets worse over time. One can deduce that college graduates of today face serious financial constraint due to the labor market and accumulation of so much debt.

Research Blog #10 Abstract & Bibliography

Abstract

College tuition rises and significant unequal distribution of necessary scholarship and grant money elevate the need for financial aid causes most college graduates to venture into the market of student in the hopes of funding their increasingly expensive education. As economic and social shifts further this trend, college graduates within the millennial generation are constantly being stripped of the much of their financial freedoms expected upon exiting college. Linked with the uncertainty of today's job market these "young adults" must put off making certain financial decisions so much so that it is inevitably delaying  the achievement of what have traditionally been considered the markers of adulthood status such as marriage, independent living, home ownership, etc. in the time frame of past generations. This paper analyzes how observations of this deviance from these socially constructed expectations and the how the financial implications facing many of the millennial generation as unable to escape their status as young adults.


Bibliography



Addo, Fenaba. "Debt, Cohabitation, and Marriage in Young Adulthood." Demography (2014): 1677-701. SpringerLink. Web.

Arnett, Jeffrey Jensen. “Emerging adulthood: A theory of development from the late teens through the twenties.” American Psychologist, Vol 55(5), May 2000, 469-480. Web.   

Blatterer, Harry. "Adulthood: The Contemporary Redefinition of a Social Category."
Sociological Research Online. N.p., 31 July 2007. Web.
http://socresonline.org.uk/12/4

Blatterer, H. "Contemporary Adulthood: Reconceptualizing an Uncontested Category." Current Sociology 55.6 (2007): 771-92. Web.

Delaney, Jennifer A., Tyler D. Kearney, and Bradley Hemenway. "Balancing Tuition Predictability and Affordability: The Pitfalls of Guaranteed Tuition Plans." Change: The Magazine of Higher Learning 48.2 (2016): 59-66. Web.

DeSilver, Drew. "Increase in Living with Parents Driven by Those Ages 25-34, Non-college Grads." Pew Research Center. N.p., 08 June 2016. Web. <http://www.pewresearch.org/fact-tank/2016/06/08/increase-in-living-with-parents-driven-by-those-ages-25-34-non-college-grads/>.

Draut, Tamara. Strapped: Why America's 20- and 30-somethings Can't Get Ahead. New York: Doubleday, 2006. Print.

Dynarski, Susan, and Judith Scott-Clayton. "Financial Aid Policy: Lessons from Research." The National Bureau of Economic Research. N.p., Jan. 2013. Web.

Hill, Catey. "This Is Why Millennials Will Never Grow up." MarketWatch. N.p., 22 July 2016. Web. http://www.marketwatch.com/story/this-is-why-millennials-will-never-grow-up-2015-08-05.

Houle, Jason N. "A Generation Indebted." Social Problems 61.3 (2014): 448-65. Web

Jr., Richard A. Settersten, and Barbara Ray. "What's Going on with Young People Today? The Long and Twisting Path to Adulthood." The Future of Children 20.1 (2010): 19-41. Web.

Kamenetz, Anya. Generation Debt: Why Now Is a Terrible Time to Be Young. New York:Riverhead /Penguin, 2006. Print.

Kantrowitz, Mark. "Why the Student Loan Crisis Is Even Worse Than People Think." Time. Time, 11 Jan. 2016. Web.

Mezza, Alvaro A., Daniel R. Ringo, Shane M. Sherlund, and Kamila Sommer. "On the Effect of Student Loans on Access to Homeownership." Finance and Economics Discussion Series 2016.010 (2016): 1-35. Web.

Much, Kari, Amy M. Wagener, Holly L. Breitkreutz, and Miranda Hellenbrand. "Working With the Millennial Generation: Challenges Facing 21st-Century Students From the Perspective of University Staff." Journal of College Counseling 17.1 (2014): 37-47. Web.

Schneider, B., C. Klager, I.-C. Chen, and J. Burns. "Transitioning Into Adulthood: Striking a Balance Between Support and Independence." Policy Insights from the Behavioral and Brain Sciences 3.1 (2016): 106-13. Web.

Settersten, Richard A., Timothy M. Ottusch, and Barbara Schneider. "Becoming Adult: Meanings of Markers to Adulthood." Emerging Trends in the Social and Behavioral Sciences An Interdisciplinary, Searchable, and Linkable Resource (2015): 1-16. Web.