For some, we're in a recession--for others, it's a soul crushing depression

Generation Recession

• Lizzy Ratner: Young people have lost 2.5 million jobs to the crisis, making them the hardest-hit age group.

The Nation - When David Thyme was an even younger man than he is today, his fantasies of early adulthood did not include a 9:30 pm curfew and a bed in Covenant House, a shelter for homeless youth. Then again, they also didn't include a recession so severe that his financially strapped father would ask him to help with rent--or that when he couldn't find an entry-level job to do so, his father would ask him to leave home. "He was like, Son, you got to do what you got to do. I can't have you in my house," recalled the thin-faced 18-year-old from the Bronx.

Shawn Bolden, an earnest 23-year-old from Harlem, also nursed a different vision of his youthful years. A graduate of Monroe College with a degree in criminal justice, he imagined dedicating his days to nurturing the minds of the next generation of neglected students, doing his part to solder shut the school-to-prison pipeline. But since losing his job teaching arts and college prep at a local nonprofit in June, he's been struggling to find his way back into the classroom, all the while worrying about feeding his newborn daughter.

And then there's Charles Channon. A 25-year-old graduate of George Washington University, he dreamed that his postcollege days would be devoted to an onward-and-upward career with an international development firm--or at least a job with which to pay off $65,000 in college debt. "I wouldn't pretend that there's absolutely no conceit in me, but I do want to get out there and make the best difference I can," he said.

So much for youthful fantasies. Read more.