Monday, July 13, 2009

Millennials Struggling

According to this report:

The Millennial Generation, those born between 1976 and 1996, the heirs to our economic legacy and ultimately the bearers of our economic destiny, are being disproportionately affected by the crisis, but continue to go unnoticed. This is even though they face unemployment at a rate more than 8% higher than the national average, suffer under a crushing average of $27,000 in student loan, $2000 in credit card debt, and a healthcare crisis that leaves 30% of them without any insurance. In addition, as young people enter the workforce, they are being pitted against individuals with much more experience than they have for the same entry level jobs due to recent layoffs, making finding a job exponentially more difficult.

This perfect economic storm will have untold negative impacts if nothing is done by Congress to address these issues now by truly investing in the Millennial Generation.

2 comments:

Friends of Narnia said...

Hmm, meaning me?? :P Let's see, yes, I am unemployed, but I am NOT in debt...Wait!! I owe Mom 18.50 for my skirt materials! Better go pay her! ;P But no I don't owe thousands of dollars. Guess I'm not old enough for that yet. :P

Lucy

Friends of Narnia said...

That's $18.50.