More On The Obama Economy: ‘A Tough Time To Be Young’

by Gary Varvel

More media links related to the prior article: Young Americans Struggling In Obama Economy. Not much in the way of good news but reference material from the non-conservative media addressing this issue. Some facts are just too difficult to cover up in the devastating Obama economy.

‘Half Of Young College Graduates Either Jobless Or Underemployed,’ Millions ‘Have Moved Back In With Their Parents’
More Than Half ‘Disappointed,’ ‘Worried’ Or ‘Angry’ With The Obama Presidency

ABC NEWS: “A survey released Thursday showed that only 34 percent of 18-to-24-year-olds are ‘satisfied’ with the Obama presidency. More than half -- 51 percent – said they were either ‘disappointed,’ ‘worried’ or ‘angry,’ according to the survey from the Public Religion Research Institute and Georgetown University's Berkeley Center.” (“Bad Economy Puts Obama In Tight Spot With Young Voters,” ABC News, 4/20/12)

PEW: “…the lowest employment-to-population ratio for young adults since 1948.” (Pew Research Center, 2/9/12)

“Young adults hit hard by the recession… And the gap in employment between the young and all working-age adults—roughly 15 percentage points—is the widest in recorded history. In addition, young adults employed full time have experienced a greater drop in weekly earnings (down 6%) than any other age group over the past five years.” Ibid

AP: “The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed...” (“1 In 2 New Graduates Are Jobless Or Underemployed,” The Associated Press, 4/22/12)

“…53.6 percent, of bachelor's degree-holders under the age of 25 last year were jobless or underemployed…” Ibid

THE ATLANTIC: “It is, very simply, a tough time to be young.” (“No Country For Young Men (Or Young Women),” The Atlantic, 11/8/11)

‘25 Million Adults Live At Home With Their Parents’

TIME: “Nearly 25 million adults live at home with their parents because they’re unemployed or underemployed…” (“Romance & Real Estate: How Your Housing Situation Affects Your Love Life,” TIME Magazine, 2/14/12)

PEW: “Roughly a quarter of adults ages 18 to 34 (24%) say that, due to economic conditions, they have moved back in with their parents in recent years after living on their own. Among those ages 25 to 29, the share moving back home rises to 34%.” (Pew Research Center, 2/9/12)

MSNBC: “Their employment prospects are dim, their debt is high, their lives are on hold and a stunning number are living with their parents, even into their 30s. They are young adults, 18 to 34, struggling to begin their adult lives during the worst economy since the Great Depression, and they risk becoming a lost generation...” (MSNBC, 11/2/11)

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