Census: Young People Still F*cked by Recession
Down and out on mom and dad's sofa.
Now for some bad news.
U.S. Census Bureau figures released today show that young people are getting especially pummeled by a recession that supposedly ended two years ago.
According to the Associated Press, 20- and 30-somethings face the highest unemployment rates since World War II and are more likely to live in poverty than other demographics -- with one in five young people slipping below livable income levels.
Turns out, the white-picket-fence thing is probably a thing of the past, statisticians have found.
Young people are overwhelmingly unemployed or underemployed, so they can't really do things like buy houses, move to cool new places, or start families, the AP reports.
Just over 55 percent of 16- to 29-year-olds had jobs, compared to 67.3 percent in 2000.
Now, 5.9 percent of 25- to 34-year-olds have decided to live with their parents -- that's a 25 percent upswing since before the recession, the AP notes.
The just-released numbers also indicate that 25 percent of families are lead by single moms and that nearly one-eighth of American households -- 13.6 million families -- receive food stamps.
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