Want to know how rough things are in America right now?
SF Gate says that young Americans "have suffered bigger income losses than other age groups and are less likely to be employed than at any time since World War II."
They came to this conclusion after viewing new Pew Research Center information that show the attitudes towards the impact the recession has had on people ages 20 to 30-something.
According to the survey, 41% of Americans believe that younger adults have been hit harder than any other group. Another 69% think it's more difficult for today's young adults than their parents' generation to pay for college, find a job, buy a home or save for the future.
Just one-third of people ages 18 to 34 felt their financial situation was "excellent" or at least "good," compared with 54 percent for those age 65 and over. In 2004, before the recession began, about half of both young and older adults rated their own financial situations pretty high.
But, some are still optimistic.
Only 9% felt like life was already over, saying they didn't think they would ever have enough money to live the life they always wanted. Meaning that 91% of the people out there struggling still think it gets greater later.
But adults 35 and up aren't as upbeat. 28% of them don't foresee making enough money to chill in the future.
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Comments 126
Well, deficit sure was not a problem during their 8 years of utter destruction. Jon Stewart even played back them stating it was "healthy" and not a problem at all. 2012 Elections: Flip those floppers!!
1 min ago ?Reply | Like (200)73 Followers | FlagPost Comment
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