Welcome to the new norm under Obamanomics.
From Washington Secrets:
A comprehensive new Harvard University report on Americans under 30, the so-called Millennials, shows that the economy is having a crushing impact, with just 62 percent working, and of those, half are toiling at part-time jobs.
The report, released by Harvard’s Institute of Politics, paints a depressing economic portrait of young Americans, many of whom are stuck with huge college tuition bills and little chance of finding a high-paying job.
But over half, or 59 percent of those aged 18-29, have gone to college and The report reveals that time in college is a better sign of social status than income, mostly because jobs aren’t available.
Contrary to common media wisdom, most younger Americans did not vote in the last election. Of the 46 million Millennials, just half voted. “Although turnout was higher than it was in 1996 and 2000, it was right back to where it has been consistently from 1976-1992,” said The report compiled by the National Conference on Citizenship, the Center for Information and Research on Civic Learning and Engagement at Tufts University’s Tisch College of Citizenship and Public Service, Harvard University’s Institute of Politics, and Mobilize.org.