America’s Foundation has released its Youth Misery Index (YMI) numbers for 2013,
and it’s a record high of 98.6. The Youth Misery Index (YMI) is calculated by
adding youth unemployment, student loan debt, and national debt (per capita) numbers. Young people are experiencing hardships like
never before under the Obama administration, and this generation is
plagued by the burden of massive government debt.
unemployment in 2013 was 16.3 percent, with almost six million young people
between the ages of 16 and 24 not in school or work. Many young people are simply giving up on
loan debt for 2013 rings in at a record-breaking $29,400 (29.4 on YMI). Student debt has risen at an average of six
percent per year since 2008.
debt per capita for 2013 is the highest it’s ever been at $52,948 (52.9 on
YMI). Young people will be stuck paying
for government debt they had no part in creating, and they’ll have to do it
with less discretionary income than ever before because of record high levels
of student loan debt.
it all up and the YMI comes out to an astonishing 98.6. With the growing presence of government in
our daily lives, there appears to be a statistically significant relationship
between government expenditures and the YMI.
Under the Obama administration alone, the YMI has increased by 18.1
percent, the highest increase under any President, making Obama the worst President
for youth economic opportunity—not quite the hope and change many young people
were looking for.
For further information or to request an interview, please call
Ashley Pratte at (603) 361-5057.
Further News Stories on YMI Report: