NYTTT

By Ron Meyer, Young America’s Foundation

Wow. Even the New York Times is reporting on the Obama administration’s loss of support among young Americans. Young people have had the worst lingering unemployment of any major demographic, and the Obama administration said a lot–but done nothing–to really help them. 

The Times provides some limited numbers of the state of the economy:

For 18- and 19-year-olds, the unemployment rate as of May was 23.5 percent, according to the Bureau of Labor Statistics. For those ages 20 to 24, the rate falls to 12.9 percent, compared with the national unemployment rate of 8.2 percent for all ages.

Here are some more statistics YAF finds useful in explaining youth misery:

  • Only 27% of teens will find a summer job. 
  • 53% of recent grads are unemployed or unemployed.
  • 30% of young Americans are both unemployed and living with their parents. 
  • The student loan default rate rose 31% over 2 years.
  • 4.7 million Americans ages 25 to 34 living with their parents. 
 
View Comments