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Thursday, December 18th, 2014

1 in 5 Millennials Live in Poverty, Census Bureau Says

Author:     Ali Meyer
Source:     CNS News
Publication Date:     December 15, 2014 - 1:09 PM
Link: 1 in 5 Millennials Live in Poverty, Census Bureau Says
Stephan:   I deliberately chose a far right assessment of this dreadful situation to show that even the Right recognizes how desperate the situation has gotten. Society is being radically restructured just as the Millenial generation is coming on line, and the results of are very painful. Few millenials, with whom I have spoken, or whose blogs I have read, have the kind of optimistic view of the future that was commonplace before 9/11 and the financial crash. And they are experiencing a level of general poverty that has not been seen in decades.
Credit: www.sharedjustice.org849

Credit: www.sharedjustice.org849

One in five young adults – ages 18 to 34 years old – live in poverty, according to data from the U.S. Census Bureau. (emphasis added)

“More millennials are living in poverty today, and they have lower rates of employment, compared with their counterparts in 1980,” the Census states. “One in five young adults lives in poverty (13.5 million people), up from one in seven (8.4 million people) in 1980.”

The data comes from a new Census release called “Young Adults: Then and Now,” which “illustrates characteristics of the young adult population (age 18-34) across the decades using data from the 1980, 1990 and 2000 Censuses and the 2009-2013 American Community Survey.”

In 1980, according to the Census, 14.1 percent of the total population ages 18 to 34 were living in poverty, which is determined by the millennial’s income in the past 12 months. In 1990, the percentage of millennials in poverty increased to 14.3 percent. In 2000, it climbed to 15.3 percent. And in 2009-2013 it reached the highest level recorded […]

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