Posted on 12/16/2014 12:02:35 PM PST by Olog-hai
One in five young adults—ages 18 to 34 years old—live in poverty, according to data from the U.S. Census Bureau.
“More millennials are living in poverty today, and they have lower rates of employment, compared with their counterparts in 1980,” the Census states. “One in five young adults lives in poverty (13.5 million people), up from one in seven (8.4 million people) in 1980.” …
(Excerpt) Read more at cnsnews.com ...
The only question I would be asking is, WHO DID THESE “MILLENIALS” VOTE FOR? I’m willing to bet that the majority of them voted for OBAMA.
Well.. they voted for change!
How’s that Obama vote working out for you?
That sucks, they actually hire you when you are young, if for no better than to ogle you (hello... youth obsessed culture..!)
When your old, you’re just a hand full!
sb, better reason :)
Yep, there is that!
Just curious - how many are from fatherless homes?
I’ve been in the slums in India.
There’s very little in the US that meets that definition of poverty.
They’re already in hopeless debt, whether they got a college loan or not, thanks to reckless government spending. It’s just not personal debt.
Every resident of Illinois has a $25 grand state/local debt.
Maybe they could start pawning all of their Participation Trophies they got growing up? But that’ll bridge them until they can get on their feet.
“I guess plenty of the employed have jobs that simply do not pay enough.”
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
The government has never told the truth about the rising cost of living. People act as if $15. an hour is still good pay. In truth it won’t buy what the $1.25 an hour minimum wage bought in 1963.
If we tell the truth this country is worse off and in far worse danger than during the thirties. We had soup kitchens then, now we hide the truth with EBT cards and other handouts. We had no worries about being invaded by foreigners then, now it is happening and the president wants to give them all the things that citizens often don’t have. Then we had people who knew how to “make a dollar out of fifteen cents”, now we have people in their twenties and thirties, many of them holding university degrees, who still need their parents to look after them. Very few have any idea how to make do with next to nothing as my parents did. Put them in the same environment where people used to thrive and most of them would not survive. We have a generation who have been told they are “the most educated generation ever” and most believe it. In truth they are the most HELPLESS generation ever. This is not by accident either, it has been planned for decades.
Ouch, that’s almost half the Federal debt per capita. Thankfully, I can leave Illinois whenever I want and stick the suckers left behind with the bill.
I suspect POTUS Clinton will bail out her old home state.
Along with Cali and NYS.
Those 104 evs are sacred to the Democrat plan to win.
This is the middle class fading away.
“The government has never told the truth about the rising cost of living.”
^^ this.
People can argue the statistics are fine all they want, but if you look at real purchasing power, all the lies evaporate. It used to be possible for a couple to save the downpayment for a house in a year, not anymore. It used to be possible for people to buy a car, new, with no financing, after just a couple years of saving. Not anymore. It used to be possible to work your way through college, without student loans. Not anymore.
They can tell us that there is “no significant inflation” until they are blue in the face, but they can’t explain away reality.
When 50% of twenty-somethings and 30% of thirty-somethings live at home with the parents, you are looking at an epic deflationary crushing force that all the FED zero dollars to the banks cannot fix. It may be hard for some on this site to understand, but they represent the future of the 70% of the GDP tied to consumerism for America. The wage deflation that is trapping them is a direct result of consolidation at the top (i.e. winner take all), outsourcing/insourcing policies, automation via cheap capital, college degrees that have less value, and currency devaluation via the FED.
If we continue to ignore that we have a huge problem on the bottom end of the economy where people start out, it is only a matter time at the top end of the economy before it hits the fan.
I call BS on this.
If you want to see poverty go to India or rural China
There is NO poverty in the US.
Period
End of argument
The farticle is using a definition of poverty that is nonsense.
Our population living in “poverty” live better than the “middle class” in the rest of the world! “Poverty” my a**
We must live in an alternate universe. I know a bunch of millennials (most around the 24-26 year range because my son and DIL are that age.)
These kids have degrees, a few have grad degress. Most are married (married young by the average age, I imagine.) They have good jobs (Lt. in military; a couple are engineers; a math prof at a community college; nurse, financial analyst, etc.) They make good money, don’t have student debt...most used CC, then State U on merit scholarship, then T.A. as grad students.
Most own their own homes (mortgages are cheaper than rent in our area, which is a powerful incentive.) Some are starting to have kids.
In fact I, personally, do not know a single Millennial who doesn’t have a job.
We’ve known these kids for years and they’re all good solid conservatives also. I guess the kids I know are part of the 80% of Millennials who don’t live in poverty (just another way of looking at those numbers.)
“13,500,000 Millennials Live in Poverty...
46,000,000 Americans on Food Stamps...
65% of Children Live in Households on Federal Aid Programs...”
I wonder how these numbers would change if we got rid of 20 million people who aren’t in this country legally and stopped importing a million legally every year?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.