business news in context, analysis with attitude

by Kevin Coupe

Yesterday, Michael Sansolo's column focused on a rather dispiriting study painting "a truly unhappy picture of America in 2013, where four out of five people live in fear of falling into poverty or actually in poverty at some point in their lives."

Well, there must be something in the air. Because Prosper Insights & Analytics is out with an "American Pulse" study saying that just two in five (38.6%) Americans are satisfied with their current job situation - meaning they are happy with benefits, work/life balance, compensation, and position/job within a company.

The report says that "with a Job Satisfaction Score of 102.6, Millennials have a markedly higher rating than Boomers (92.6).

"Millennials seem to be more satisfied on all employment fronts when compared to Boomers," the report says. "Higher satisfaction regarding benefits, work/life balance and compensation drives the Millennials’ Job Satisfaction Score. On the other hand, Boomers tend to be less satisfied regarding each of these different categories. Additional analysis reveals that dissatisfaction with insurance, stress level, and growth opportunities are negatively impacting Boomers’ overall score.

"While Millennials tend to be satisfied with their job, they are not necessarily happier with their life. This month’s Happiness Indicator (indexed to Adults 18+) for the youngest generation is tracking at 93.1, which is the lowest of all groups. Boomers are happier than the younger generation with a score of 102.8."

Of course, it helps to have a job.

The Boston Globe this morning on a Gallup poll saying that "the number of US adults aged 18 to 29 who reported working full time dropped to 43.6 percent in June 2013, a dip of more than three points from the same time period last year ... Gallup also found that younger Americans are less likely to work full time, regardless of whether they have college degrees. Last month, 65.4 percent of young college graduates reported working full time, compared to 68.9 percent in June 2012, 67.4 percent in June 2011, and 67.9 percent in 2010."
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