Young People

The 25 to 34-year-old cohort also saw conditions worsen over the past month.  These workers had been clinging to an unemployment rate on par with the overall working population since April, even out-performing the national rate in July.  Prior to April, workers ages 25 to 34 had seen...
09/10/2012
Data Byte
Unlike the overall labor force, young adults saw unemployment rates rise in the month of August.  The Bureau of Labor Statistics released a disappointing employment report this morning, showing job growth that fell below economists’ expectations. The overall unemployment rate declined in...
09/10/2012
Blog
The cost of higher education has become an increasingly heavy burden.  Students are finding different ways to adapt. “Taking out debt to get a diploma has become the rule instead of the exception,” says Tamara Draut of the New York-based public policy think tank Demos....
09/05/2012
Audio
Households identify late payments toward student loans as contributing to their low credit score.  
09/05/2012
Data Byte
Sixty percent of indebted households who had college expenses for a child in the past 3 years report that those expenses contributed to their current credit card debt. 
09/05/2012
Data Byte
Education has long been recognized as a primary means of improving one’s economic prospects. Today, a postsecondary degree or certificate has become increasingly necessary for earning a middle-class living. The last two decades have greatly heightened the demand for a highly educated workforce—and...
09/04/2012
Publication
Widely shared middle-class prosperity is a signature of American society. It has made the United States the most hopeful and dynamic country on earth and it is a foundation of strong democracy. Expanding and protecting the middle class must be an overriding national priority. We must both make it...
09/03/2012
Publication
The student loan crisis escalated further in the second quarter of 2012, as the amount of outstanding debt reached the highest level ever recorded. A new report from the New York Fedsuggests that even while the rest of household debt improved since March, driven by decreasing credit card and...
08/29/2012
Data Byte
Vice-President of Policy & Research Tamara Draut was on Marketplace with Kai Ryssdal to talk about the high cost of college for middle and low income households.
08/08/2012
Audio
Like all workers in July, young adults were not sufficiently enthusiastic about the labor market to continue on a job search in the face of the listless indicators from the months before.  Labor force participation rates dropped for 20 to 24-year-olds to 70.8 percent from 71 percent in June....
08/06/2012
Data Byte
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