Congratulations Reagan's America is here
Morning in America is now the new reality. We have can now see the culmination of Republican economic policies.
We can thank one of the enablers(MSN) for coining a new term "Generation Debt"
Yes welcome to the Republican vision for America 'Generation Debt' is going deep into the red
What happens when you kill the New Deal ?
Young adults now can look forward to low pay, no benefits, staggering debt
It now takes alot more effort to get a really crappy job
A college degree is mandatory for most entry-level professional jobs, but most of today's job growth is in low-paying, low-skill industries like retail and food preparation. That translates into a very bad time for twentysomethings to be entering the labor force, said Nissen.
This is not your fathers economy
"The job market is expanding but 80 percent of these new jobs don't require a college degree. So your choices are working at either Burger King or Wal-Mart where, obviously, the pay is not good," Nissen said.
And with deep cuts to education and tax breaks aimed mainly older, wealthier Americans, government no longer has young adults' back. Many economic forecasters doubt that those under age 35 will be the first generation not to equal or surpass their parents' standard of living. That is a disturbing reality for a group that should be in its prime, looking toward marriage and their first home. Instead, they struggle to pay hefty student loans and credit card debt.
Hell who needs a middle class
"It's much more difficult for this generation to work or educate their way into the middle class," she said. "They'll probably never match their parents' standard of living because of big loans, low income growth and a cost of housing that's much more expensive than for a generation ago."
Don't worry apparently the Republicans are bringing back the good old days all the way back to Hoover
A growing number of young adults are reassessing their lifestyles and mimicking the frugal habits of their Depression-era grandparents.