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Students reacting to recession
differently than older citizens
By Alice
Bailey
January 30, 2009 | Utah State students are reacting
differently to the recession than the average citizen,
according to student employment and the on-campus Zions
Bank.
Zions Bank USU campus branch manager Scott Twiss said
Zions as a whole is doing better than many other financial
institutions, being one of the only banks reporting
earnings in the third quarter and building new branches
throughout Utah. Twiss said the business in his specific
branch has done well, even for Zions, and has stayed
the same throughout the last few months.
"We are in a very unique environment up here where
our clientele is, for the most part, a younger generation
than most of the traditional branches," Twiss said.
Twiss said the age gap and the different cultures
the younger and older generations grew up in factor
into the different reaction to the recession.
"Look at those people that grew up through other depressions,
other recessions as compared to now. I think a lot of
the youth out there are going to experience their first
recession," Twiss said.
He said a few people have come in inquiring if their
money is covered, but the numbers are small. Twiss said
this doesn't mean that the clientele at USU doesn't
know what is happening with the recession, the reaction
is just different.
USU student employment coordinator, Paula Johnson,
said the job board in the last two or three months has
slowed down to about half of what is normal, but the
demand for these jobs by students hasn't increased.
"The referrals have been about the same. The amount
of students coming in applying has been probably about
the same," Johnson said. Recommend
Johnson said she doesn't know what percentage of students
looking for jobs are finding them, but jobs are still
available. Johnson said the summer job fair on Feb.
10 should be a good opportunity for students who are
looking for employment to find it.
So while the recession is in the mind of many USU
students, they are going about their lives as they normally
do.
NW
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