It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by usernameconspiracy
reply to post by DimensionalDetective
Most Americans are NOT going through "economic hell" unless you think that 10% unemployment equals most Americans. Are some Americans struggling? Yes. Is it the fault of the government? No. The government didn't lay them off, their employers did.
Look around. Swing by a movie theater on a weekend and see that packed parking lot of people spending 12 bucks a piece to watch a movie. Turn on your television and pick a sporting event. Sold out.
For all of the garbage people here think are conspiracies, the "recession" is the biggest conspiracy of them all. Most of America is just fine, and to blame people that are better off than you for your problems is complete b.s. I worked hard to get the education required to make the money I do. It's more than some and less than some. It isn't my fault, or anyone elses, that others don't make the same or more than I do.
WASHINGTON — Young adults are the recession’s lost generation.
In record numbers, they’re struggling to find work, shunning long-distance moves to live with mom and dad, delaying marriage and raising kids out of wedlock, if they’re becoming parents at all. The unemployment rate for them is the highest since World War II and risk living in poverty more than others.
Data released Thursday from the 2010 census show the wrenching impact of a recession that officially ended in mid-2009. There are missed opportunities and dim prospects for a generation of mostly 20-somethings and 30-somethings coming of age in a prolonged period of joblessness.
“We have a monster jobs problem, and young people are the biggest losers,” said Andrew Sum, an economist and director of the Center for Labor Market Studies at Northeastern University. He noted that for recent college graduates getting by on waitressing, bartending and odd jobs, they will have to compete with new graduates for entry-level career positions when the job market does improve.
“Their really high levels of underemployment and unemployment will haunt young people for at least another decade,” Sum said.
Richard Freeman, an economist at Harvard University, said young people “will be scarred and they will be called the ‘lost generation’ — in that their careers would not be the same way if we had avoided this economic disaster.”