It's not just boomers who are worried about Social Security andthe future of their retirement.

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According to a new study by Adecco Staffing, only 19 percent ofrecent college graduates believe Social Security will still existby the time they retire.

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Even more concerning, less than half of college grads (46percent) believe their personal savings will be enough to fundtheir retirement. Additionally, 26 percent of graduates don'tbelieve they'll be able to retire until they are 70 years old orolder.

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The study, conducted by Braun Research on behalf of Adecco, alarge staffing firm, was designed to understand how the economicdownturn has impacted the career paths of "Generation R(ecession)"graduates - young professionals who graduated between 2006-2010,the years surrounding the Great Recession.

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The results were fairly bleak. A vast majority (71 percent) ofrecent college graduates would have done something differentlywhile in college to better prepare for the job market.Specifically, they wished they had started their job search earlier(26 percent), spent more time networking (29 percent), and/orapplied for more jobs (26 percent) prior to graduation. In essence,those graduating during the recession regretted not using the timethey had while in college to position themselves better to seek andsecure full-time employment in their chosen fields.

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This regret is likely a by-product of many graduates' currentemployment situation. Though many did eventually find full-timeemployment during the downturn, the survey results showed that itwas frequently not in positions that require a college degree. Infact, Adecco's survey found that almost half (43 percent) ofGeneration R graduates are currently working at a job that does notrequire a four-year degree.

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"Regardless of how the economy is fairing, graduates whoproactively pound the pavement well before they finish theirstudies are more successful in landing a full-time job aftergraduation," said Joyce Russell, EVP and president of AdeccoStaffing US. "The best piece of advice for the graduating class of2011 is to treat their job search as if it were a full-time job.The students who succeed are those who proactively put themselvesout there and build relationships by networking with professors,working closely with university career centers, actively connectingwith alumni, and capitalizing on real-world job experience throughinternships and temporary work."

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The class of 2010, which presumably had the opportunity towitness and learn from the mistakes of previous graduating classes,seems to have understood the benefits of an aggressive and wide jobsearch better than any other class, particularly 2008 graduates. Onaverage, 2010 graduates have applied to 14.5 jobs since theirgraduation, while 2008 graduates have only applied to 10.8 jobssince graduation. This broad search strategy appears to have paidoff: it took 2010 graduates only 3.97 months to find a full-timejob after graduation, compared to 2008 graduates who searched for9.4 months before landing a position. This in spite of a 9.6percent unemployment rate in May 2010, compared to a 5.4 percentrate in May 2008.

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Additional survey findings include:

  • Temporary work provided options to recent graduatesthroughout the recession: Nineteen percent of allGeneration R undergraduates turned to temporary jobs within sixmonths of graduation. While the classes of 2010 and 2008 approachedtheir job search differently, both classes equally valued theopportunities temporary work had to offer; within six months ofgraduation, 26 percent of 2010 graduates and 25 percent of 2008graduates turned to temporary work for employment.
  • Moving back in with mom and dad, back on theirdime: One-third (33 percent) of all Generation R grads —from the classes of 2006-2010 collectively — currently live at homewith their parents. But it doesn't stop there: nearly one-fifth (17percent) of these recent graduates are financially dependent ontheir parents.

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