Like many countries around the world, it is the young people, our future, who can’t find jobs in the US.<\/p>\n
A Congressional report released Tuesday found that millennials are not feeling the impacts of the economic recovery. Millennials are delaying major life decisions such as buying a home and getting married.
\nIn 2003, nearly 40 percent of Americans between the ages of 25 and 34 headed a household. In 2013, the rate declined to 37.2 percent.<\/p>\n
Meanwhile, the percentage of millennials living with their parents has increased from 11 percent before the recession to 14 percent.\u00a0 Household income adjusted for inflation for Americans aged 25 to 34 declined by more than 10 percent.<\/p>\n
While the national unemployment rate remains at 5.8 percent, millennial unemployment is at nearly 17 percent.\u00a0 American millennials are also more educated than any other previous generation. Sixty-three percent of them have at least some college education. That’s an 11-percentage-point increase from the 52 percent of Americans in that same age bracket who had some level of college education in 1994.<\/p>\n
Even if young people land new, better-paying jobs at some point, lower earnings earlier in their careers may result in permanently lower retirement savings and net worth than might have been the case if economic conditions had been better when they first entered the labor force.\u00a0\u00a0 Millennials<\/a><\/p>\n Like many countries around the world, it is the young people, our future, who can’t find jobs in the US. A Congressional report released Tuesday found that millennials are not feeling the impacts of the economic recovery. Millennials are delaying … Continue reading ![\"Young](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/12\/Young-People-Jobless.jpg\")
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