The youth of America did vote enmasse for Obama... dont think this was the Hope & Change they were counting on. Every generation has to learn the lesson of the snake oil salesman. Some lessons are more costly than others as the bigger the scammer, the more painful the scam. Elections. Have. Consequences. Young people are experiencing hardships like never before under the Obama administration, and this generation is especially suffering the consequences of this administration’s leftist policies. Youth unemployment in 2014 was 18.1 percent (18.1 on YMI), 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 finding employment. Student loan debt for 2014 rings in at a record-breaking $30,000 (30.0 on YMI). Student debt has risen at an average of six percent per year since 2008, and today, 70% of college seniors graduate with student loan debt. In addition, the job market still hasn’t recovered, leaving many recent graduates with little or no income to pay back their loans. National debt per capita for 2014 is the highest it’s ever been at $58,437 (58.4 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.
Posted on: Tue, 06 Jan 2015 15:44:56 +0000