Chart of the day

Posted: 15 September 2013 in Uncategorized
Tags: , , ,

P1-BN130_LOSTGE_G_20130913155705

We’re looking at a lost generation.

In the mist of the Second Great Depression, according to the Wall Street Journal, young Americans are being left behind—with lower earnings, fewer jobs, more part-time jobs, and a higher unemployment rate.

This generation’s struggles have few historical precedents, at least in the U.S. The recession of the early 1980s was comparable but was followed by a rapid recovery. The economic legacy of the Great Depression was erased to a large degree by World War II and the boom that followed. No similar rebound looks likely this time around.

And the effects will be felt for years to come.

Comments
  1. […] other day I presenting a chart indicating that young people today—facing declining incomes, soaring debt, and higher rates of […]

  2. […] other day I presenting a chart indicating that young people today—facing declining incomes, soaring debt, and higher rates of […]

  3. […] large downshift in class identity among young adults is explained by the fact that they are being left behind—with lower earnings, fewer jobs, more part-time employment, and a higher unemployment rate than […]

  4. […] large downshift in class identity among young adults is explained by the fact that they are being left behind—with lower earnings, fewer jobs, more part-time employment, and a higher unemployment rate than […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s