Young Americans Feel Cash-Strapped

In her new book, "Strapped: Why America's 20- and 30-Somethings Can't Get Ahead" (Doubleday), author Tamara Draut takes a hard look at why so many adults under 35 struggle for financial independence. Draut says astronomical student debts, depressed wages, rising health care costs and soaring property values are just a few reasons an entire generation of young people cannot overcome crippling financial situations.
 
Draut, the director of the Economic Opportunity Program at Demos, a national think tank headquartered in New York, says she hopes her ideas, combined with 20- and 30-somethings becoming more engaged politically, will help get "generation broke" out of debt and back on the road to financial freedom.