Occupy Wall Street Continues
Millions of young Americans have lost faith in the U.S. economy and are angry. Their economic futures have been destroyed by rampant speculation and greed. The recent economic downturn has hit those under the age of 30 quite hard. Today, there are hordes of young people that should be entering their most productive years that are sitting home with nothing to do. Many of them have worked incredibly hard throughout high school and college. Many of them have stayed out of trouble and have done everything that “the system” asked them to do. Once they were finished with school, the promised “rewards” simply were not there. The opportunities for small business aren’t really there either, especially with all the taxes, fees, forms and paperwork needed to keep government happy, even if a person decides to “bootstrap it.” In the meantime, millions of Americans are faced with joblessness and crushing student loan debt loads in an economy that is stagnant.
Some useful statistics:
- Only 55.3% of Americans between the ages of 18 and 29 were employed last year, the lowest level that the nation has seen since World War II.
- The economic downturn has been particularly tough on men. Census data indicates that men are twice as likely to live with their parents as women are.
- One out of every five Americans under the age of 30 is currently living in poverty.
- 5.9 million Americans between the ages of 25 and 34 are living with their parents.
- Average yearly tuition at U.S. private universities is now up to $27,293. That figure has increased by 29% in just the past five years.
- The total amount of student loan debt in the United States now exceeds the total amount of credit card debt in the United States.
- Underemployment has become a way of life in the United States. Low wage jobs are the mainstay.
In the United States today, there are more than 100,000 janitors that have college degrees. 317,000 waiters and waitresses have college degrees. Approximately 365,000 cashiers have college degrees, 24.5 percent of all retail salespersons have a college degree.
That is just the tip of the iceberg for the American people.