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| Cynthia Newhouse Bacheller CWE Doctoral Student |
By Krista Klaus, News Channel 8 (Published on Tampa Bay Online, June 30, 2010). Financial experts predict a tough road for today's 20-somethings part of the so-called Generation Y or Millennial Generation as they come of age in a get- it-now, pay-later world. Many students at the University of South Florida are swimming in credit-card and student-loan debt while facing the worst job market in a generation, said Cynthia Newhouse Bacheller, who works in USF's Career Center. "I often think to myself, 'Wow, are they going to be in for a shock when it comes time for them to graduate and look for a job," Bacheller said.
Bacheller helps connect graduating students with job opportunities. She said it takes, on average, six to eight months to land a first job. Many students are not prepared. "There seems to be this idea of 'I'll wait until graduation and deal with it," Bacheller said. The university is implementing several programs to help students get ahead of the financial curveball, academic adviser Melissa Rathburn said. Students can take elective courses on financial literacy and personal finance. And last year, USF, in conjunction with the federal government, began requiring incoming students to complete an online financial literacy tutorial. Learn more...
