Skip to comments.America's 'Youth Misery Index' hits all time high
Posted on 01/10/2014 7:52:55 AM PST by SeekAndFind
Somewhat lost in news about how bad the economy has been is the plight of America's young people. They are threatened with becoming a "lost generation" whose promise was cut short by policies of the Obama administration.
The Young America's Foundation has been publishing its "Youth Misery Index" since 1993. It is calculated by adding youth unemployment and average college loan debt figures with each person's share of the national debt. Under President Obama, the index has skyrocketed.
A Youth Misery Index that measures young Americans' woes has skyrocketed under President Barack Obama and hit an all-time high.
The index, released Wednesday, was calculated by adding youth unemployment and average college loan debt figures with each person's share of the national debt. While it has steadily grown over the decades, under Obama the figure has shot up dramatically, from 83.5 in 2009 to 98.6 in 2013.
The index has increased by 18.1 percent since Obama took office, the highest increase under any president, making Obama the worst president for youth economic opportunity, according to the nonprofit that released the figure.
"Young people are suffering under this economy," said Ashley Pratte, program officer for Young America's Foundation, which developed the index and calculates it annually using federal statistics. "They're still living in their parent's basements, unable to find full-time jobs that pay them what they need in order to pay back their debt."
Youth unemployment in 2013 was 16.3 percent, and student loan debt came in at a record-breaking average of $29,400 last year, the foundation points out; what's more, each person's share of the roughly $17 trillion dollar national debt stands at its highest level ever: $52,948.
"We are racking up this huge tab," Pratte said in an interview Wednesday with The College Fix.
(Excerpt) Read more at americanthinker.com ...
When the democrats raise the minimum wage to 10 or 15 dollars an hour, our young people won’t have a chance of getting a job anywhere.
No surprise - Just have to look at Japan to see how our economy and millennial generation will turn out
Excellent snark! Well played.
Hope and Change. Change they will have to live with.
All of this has been a looong time coming. Generations. Obama simply pulled the trigger.
Our schools, universities and academia were captured decades ago and our churches went all warm and fuzzy.
Finally, the words of Kruschev (?sp) are true, in numbers large enough that we now vote FOR our own demise, by majority.
Still, who hears a serious word from anyone about taking back our public schools from the enemies of America and the Constitution?
If you like your bleak future, you can keep your bleak future.
The life of Julia/Pajama Boy.
Looks good on the internet, maybe not so much in the real world.
Trouble is, they have nothing to compare against. This economy is normal for them.
Thus the question remains, who is going to pay for all of this? The tea party needs to go after the youth aggressively, because no one else is working for the young.
I have to assume the previous misery index high was during the Carter administration, what with his and his fellow democrats ‘ stagflation and malaise. I became an adult at that time and it did seem hopeless. The Obama regime is on another level entirely though.
Obama may not end up our dictator for life, but he is paving the way for one.
And get those illegal kids in-state tuition.