The most recent research on the American economy alleges that incomes are dwindling for those just starting out. The Collections Industry has reason to believe that this paradigm shift will be permanent.

First of all, young adults represent the highest uninsured demographic of any group in the United States. 30% of young adults go without health coverage currently today. Despite the fact that the majority of uninsured young adults are employed, a good deal of uninsured young adults work in low wage jobs and for employers who offer limited or no health care coverage.

With this many young adults already struggling to pay day to day expenses, debt collection professionals should step back and take a look at this situation. Uninsured young adults are two times as likely as those with private insurance to have no education past the point of high school. That limits their future earnings potential.

Due to the financial crisis in 2008, stricter credit standards will probably make it harder for many young adults to pay for post graduate education or get loans for real assets, such as a home.

This in addition to the new issue of cell phones, makes it harder than ever for collectors to contact debtors. John Monderine, owner of Rapid Recovery Solutions believes that over 40 percent of his consumers do not have landlines.

Experts in the field expect more intense profiling systems will be made to assist collection agencies in collecting those accounts where there is an active cell phone and information from bureaus to see if the debtor has a new address or phone number.

Some collection firms are preparing for younger adults, embracing the ways that they like to communicate and do business. One collection agency recently added an online system that allows consumers to make payments online, rather than deal with an agent.

Mallory McGuinness-Hickey works for a debt collection company. Also, she writes articles on consumer spending, business and finance, and debt collection.