Although the recession is officially over, recent jobs reports, stock market volatility, and other news indicate continued struggles and heightened insecurity for nearly all demographic groups:
- U.S. teens face their highest jobless rates in decades and nearly half of high school graduates who were unable to attend college are seeking full-time employment. While job prospects are better among those with a college degree, the rising costs of college education mean higher debt burdens. In spite of this, many young adults remain optimistic about their future economic prospects, though less than half of younger Millennials, individuals ages 18-to-24, believe that, in their lifetime, they will be better off than their parents. Fifty-five percent believe the American Dream no longer (or never did) hold true. Continue reading
