Generation Broke: New Grads Bear Heavy Load

November 22, 2004 | | St. Petersburg Times |
"This is as bad as it has been for young adults - absolutely," says Tamara Draut, who works for the Demos USA think tank in New York and recently analyzed the financial plight of young Americans.
 
Ah, to be young, footloose and ... drowning in debt.
 
That's the grim, new-millennium reality for young U.S. adults who increasingly find themselves entering the job market with unprecedented levels of student loan and credit card debt, zero savings, fast-rising living costs and a tougher road to the so-called American Dream.