Skip to comments.Under Obama, Youth Misery Index Hits All-Time High (Increased 18.1% Under BHO)
Posted on 01/13/2014 7:06:04 PM PST by DogByte6RER
Under Obama, Youth Misery Index Hits All-Time High
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 persons 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 Americas Foundation, which developed the index and calculates it annually using federal statistics. Theyre still living in their parents 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; whats more, each persons 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. Young people have no part of this debt, but its the generation that has to deal with it.
The foundation added 16.3, which represents youth unemployment, with 29.4 the average 4-year- college loan debt and 52.9, each persons national debt burden, to generate its 2013 figure of 98.6.
In 2012 it was 95.1, and the year before that 90.6. When Obama first took office in 2009, it was 83.5.
(Excerpt) Read more at thecollegefix.com ...
But it was worse under Boooooooooosh. /s
Bwa ha ha, let ‘em weep in misery. They voted in socialism.
Sweet delicious tears of sadness!
Good. I hope they all choke. Actions have consequences. They can cry over their Obama Tshirts, Ferry posters and “I voted!” stickers.
Yeah. There's a Republican somewhere who's culpable.
Cause, meet Effect. (too bad they’re too stupid to figure it out.)
Young people voted for Obama - and then they voted for him against four years later. Surely, they must be happy with his policies.
Passed by a university campus today and saw a young man wearing a "BO 2012" sweatshirt. It boggles the mind.
It was pretty shi**y under Carter as well but somehow we survived.
Obama is Carter reloaded and then some.
Doing a great job there quota boy
Ya worthless dumbass.