Record Numbers on Disability Benefits. The number of individuals receiving disability benefits has continued to climb to record levels, due to the poor economy and other factors.
Record Numbers on Food Stamps. Never in the history of the program have so many individuals been forced to rely on food stamps due to the poor economy.
Millions of College Grads Are Working Jobs That Don’t Require Their Degree. Nearly half of all college graduates are underemployed – that is, working in a job that does not require their college degree.
Today’s College Grads Face Far Higher Unemployment Rates. Compared to their older peers, today’s college grads face higher rates of unemployment well beyond age 30.
In the Last Six Years, 99% of Net Job Growth Has Been Among Older Workers. The vast majority of job gains have been among older workers, leaving behind young adults and prime-age workers.
Young People Aren’t Joining the Workforce. Nearly half of young adults ages 16-24 are not participating in the workforce.
Half of College Grads Are Still Relying on their Parents after Graduation. Half of graduates are still relying on their parents or other family members for financial help, causing many to postpone life goals like getting married, having children, or buying a home.
Record Share of Adult Children Are Living with their Parents. There are more adult children living with their parents than at any other time since this data was first collected in 1960.
The Unemployment Rate for Young People Is 13.6 Percent. Individuals aged 16-24 have an unemployment rate that is more than twice the total unemployment rate.
Economic Conditions of Today’s Youth Brand Them a “Lost Generation.” Years after the recession officially ended, many young high school graduates are not engaged in work or school, which will result in significantly lower lifetime earnings.