If I was asked to summarize how youth feel about their economic future in a quote by a Former U.S President, it would go a little something like this:

‘The best thing about the future is that it comes only one day at a time’

Abraham Lincoln

Relevance? Read on…

As we have established in the two previous posts, (The Recession Gonna Get Ya & It’s a Matter of Life & Debt) while over 50% of our Tech Tribe respondents feel the recession is affecting them personally, it doesn’t really seem to halt their daily spending and stop them splashing the cash. So, if the recession isn’t really making an impact now, how is it affecting people? Allow Tech Tribe to explain, a staggering 80% agree that the recession is changing the way they think about the future. The downturn is not so much having an immediate impact on the pockets but rather messing with the minds. The uncertainty of the economy has transported itself in to the thoughts of youth and made everything that once seemed so clear, extremely muggy.

The recession has made a lot of people reconsider their futures with 50% now thinking it’s best to stay in education for as long as possible rather than try and find a job given the current climate. The older respondents especially seem to be reconsidering their options since they are the ones about to finish their respective degrees.

Even though the recession has cast doubt on future plans and made some paths harder to travel, it has not decreased the value of education. Of the 70% of Tech Tribe respondents still in education, 50% still feel that even in a recession their degree/qualification is definitely worth getting in debt for, whereas only 30% do not feel it is worth the mullah.

So it seems that the plans that a lot of people have put in to place may have been muddled by the dastardly recession, but luckily for us the future does only come one day at a time and things can always change.