Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TideGlider who wrote (915568)	1/19/2016 12:50:28 PM
From: FJB	2 Recommendations Recommended By locogringo TideGlider Read Replies (2) \| Respond to of 1575883

Nearly Half of Millennials Believe the American Dream is Dead - THANKS OBONZO! Young Americans making less than $25,000 is at highest level since 1990s Ali Meyer January 15, 2016 2:10 pm freebeacon.com Nearly half of millennials, or 48 percent, believe that the American Dream is dead, according to a report from Generation Opportunity. The report, which evaluates the outlook for millennials on various economic indicators, finds that many young adults have lower levels of personal income and wealth and higher levels of student loan debt than the two previous generations. One of those metrics is the unemployment rate, which is 8 percent for millennials ages 18 to 29, which is much higher than the rate for those 30 years and older at 3.7 percent. The labor force participation rate, which accounts for those who either have a job or pursued one, is 71 percent, the lowest it has ever been. Many young adults have been unable to find work, and more than 1.8 million have given up looking for a job. The percentage of millennials living in poverty has doubled since 1979 and many have incurred thousands of dollars in student loan debt. According to the report, nearly 70 percent of the graduating class of 2014 had student loan debt at an average of $30,000 per person. Median earnings for college graduates have only increased 6 percent from 2007 to 2014. There are more young people today making less than $25,000 than there were in the 1990s. Many millennials have also altered significant life events due to these economic hardships including delaying marriage and purchasing a home. “Only 36 percent of Americans under 35 years old own a home, the lowest level on record since home ownership by age was first tabulated,” states the report. “Instead, Millennials are choosing to live with their parents at levels higher than observed before the Great Recession. In 2015, 26 percent reported they still live with mom and dad.” “Washington’s policies have saddled us with overwhelming debt, unemployment, and soaring higher education costs,” said David Barnes, policy director of Generation Opportunity. “Young people are losing faith in the American Dream,” Barnes said. “It’s time for real reforms that allow us to unleash our potential and create a better society for ourselves and future generations. In order for that to happen, we need to stand up and let policy makers know that this is unacceptable.”