First off, who are the urban youth? This is a group of young adults who are growing up and maturing in the world within a very tight urban context. While it was traditionally implied to include only the black American population, in today’s context, this is not limited to a single race or religion. Rather, this a whole generation of people who are growing up within the cities and are being sucked into a system whose consequences are yet unknown. The cultural systems and the ethos within cities are very different from the traditional systems. The immense technological development is also having a significant impact on the young population of the world.
Different Cultural Norms
A key issue within the urban youth is the heavy dependence on the credit card. Unlike a few decades back where the credit card was a novelty and something to be wary of, in the modern context, almost every young person has a credit card even if he or she is far from being competent to pay the bills for what he or she is purchasing. This culture is leaving the younger generation in years and years of heavy debts they have to pay for enjoying an exuberant life style they cannot afford. This has also led to immense amounts of peer pressure to be above the rest or to match up to the others in terms of objects such as the right car or the right brand of clothes in order to be accepted, all the while accruing even more debt but low competetive rate. The consumerism culture is to blame in this accord and companies are flourishing in this aspects as they attract the young people to ever more exuberant trends.
Especially in cities such as Singapore, New York and Hong Kong, young people cannot afford to purchase or rent apartments, however, are forced to do so in order to join in on the rat race, we now call life. They pile up on the personal loan or depend on shady money lenders to stay afloat.
Increased Stress Levels and decreasing Quality of Life
Very few people within the working and collage population now enjoy the same lifestyles enjoyed by their predecessors. The markets and companies are much more competitive and are forcing the youth to work longer hours and as twice as hard to secure their position within the hierarchy of the business chain, thus leading to increased stress levels and depression as they have very little time to spend with family and friends or simply relax for a few hours.