YOUTH MISERY INDEX HITS ALL-TIME HIGH

Subject: YOUTH MISERY INDEX HITS ALL-TIME HIGH Sat Jan 11, 2014 3:34 am

A Youth Misery Index that measures young Americans’ woes has skyrocketed under President Barack Obama and hit an all-time high.

YOUTH MISERY INDEX HITS ALL-TIME HIGH YMI.YAF_

YOUTH MISERY INDEX HITS ALL-TIME HIGH YMI.YAF_

The index, released Wednesday, was calculated by adding youth unemployment and average college loan debt figures with each person’s share of the national debt. While it has steadily grown over the decades, under Obama the figure has shot up dramatically, from 83.5 in 2009 to 98.6 in 2013.

The index has increased by 18.1 percent since Obama took office, the highest increase under any president, making Obama the worst president for youth economic opportunity, according to the nonprofit that released the figure.

“Young people are suffering under this economy,” said Ashley Pratte, program officer for Young America’s Foundation, which developed the index and calculates it annually using federal statistics. “They’re still living in their parent’s basements, unable to find full-time jobs that pay them what they need in order to pay back their debt.”

Youth unemployment in 2013 was 16.3 percent, and student loan debt came in at a record-breaking average of $29,400 last year, the foundation points out; what’s more, each person’s share of the roughly $17 trillion dollar national debt stands at its highest level ever: $52,948.

More: http://www.thecollegefix.com/post/15841/

YOUTH MISERY INDEX HITS ALL-TIME HIGH

YOUTH MISERY INDEX HITS ALL-TIME HIGH

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