People who graduated college around the Recession

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I would also think (mentioned in another thread) that this group of older Millennials saves more for retirement and is probably more frugal and less risky with investments.

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This. I know most of the guys I graduated with have little to no credit card debt and paid off beater cars. Nothing fancy, but they all have white collar jobs.

They'd rather be financially secure than have fancy toys and be financially overextended/leveraged.

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What would you say the findings would be?

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I'm really not sure, but I graduated from my undergrad in 2010 and I've never been afraid to leave a job for greener pastures. I am relatively conservative in the fact that I did not take out student loans for my education or my wife's, but my investments are pretty risky.

All in all, I don't think it really had an effect on me.

ETA: I can add that I took a shite job (still related to my field) coming out of college, and worked through graduate school. I ended up with a good career job in late 2011.

I graduated EE in 2010. Had slightly below a 3.0 gpa and had a hard time finding a job.

I worked at wing stop and play n trade after I graduated for about 6 months.

I had to move out of state before I found a career instead of just a job. Finally found a job in Tennessee. I contribute a lot to my retirement accounts, but it's not due to fear of unemployment. It's because I want to retire early as possible.

I graduated undergrad in 2009 and had to take a job that only required a HS degree because it was such slim pickings (I'm actually still with the company and I've been promoted twice since).

A lot of my fellow graduates defaulted to random grad programs to avoid the slim pickings job market and graduated with a ton of extra student loan debt in a masters degree program they probably aren't even using. I think what held me back from going for my MBA was the fact that the market is SO saturated with them now, unless you're at a top 25 school I don't see it holding much more value than an undergrad degree.

All in all I think the boomers poor financial planning for retirement is going to eff my generation who should be stepping in for their jobs. Not me, but in general.

There are plenty of outliers like teachers, where you are about to see a massive turnover from a whole generation retiring at their 30 years.

In general though, our generation,at be waiting on the boomers to die off rather than retire. Very grim. Sorry.

I graduated in 2009, and I've only had two jobs (in my career) since then. And while I feel I've been blessed with the job I'm in now, I definitely don't know if I will be leaving my current company ever, unless something very drastic changes. I don't find the reward of a greener pasture to be worth the risk with my family and our financial obligations.

I have no idea if it has anything to do with graduating during a recession as much as the way I was raised. My dad has been in the same job with the same company for 30 years, paid off his house in 15, doesn't have any debt, even car notes. I don't know if I ever want to be that extreme because I watched the sacrifices he made, and I think there has got to be a balance. We rarely if ever even took vacations because he didn't believe in spending excessively. And the man has more money than probably most people I know, but you definitely wouldn't know by his lifestyle.

And another angle would be "how successful and how many promotions would you have had without the recession?"

A lot of people are probably very content with job advancement or just employment.

finished (no name state) school Dec 2010 with very average grades, took 6 months of call center BS to find a "real" job managing a call center for a top 5 bank.

since then I have gotten every job (2) I have interviewed for and have a superday with Goldman Sachs on Monday.

IF I land an offer I can see me being there quite some time. I have applied there 6 times including 3 during school.

I'm not afraid of job search mostly because I have networked well and have experience that is critical to financial services that a lot of people think is below them (collections).

I would urge student that IF they go to college, find something like engineering. BS in Business, communications, sociology is pretty worthless IMO.

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that must have really sucked. the job market isn't great now so it must have been much worse back then.

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Ramen Noodles and Tostinos pizza twice a day was a reality. People talk about being that poor, but it really was true and it sucked.

And nobody was willing to help because everyone was hurting...rightfully so.