Youth organization: So-called youth-misery index increased 36 percent under President Obama
Young America’s Foundation, a conservative nonprofit dedicated to educating young people about American civic engagement, says its Youth Misery Index – calculated using youth-unemployment, student-loan and national-debt-per-capita numbers – increased 36 percent during President Obama’s tenure.
Young Americans, a generation that provided critical support to the President in 2008 and 2012, have slogged through the last eight years and will be chained to its impact on their futures for years to come.
The youth unemployment rate is almost 15 percent and the average student in the class of 2016 graduated with a record $37,000 in student loan debt. National debt per capita, a remarkable burden that will fall squarely on the shoulders of millennials, is approaching $62,000.
Young Americans are struggling to find employment, drowning in tens of thousands of dollars of personal debt, and facing the prospect of paying off an $18 trillion national debt.
The debt Congress and our president have racked up over the last eight years does little to serve the interests of those who will be left to stumble through the economic wreckage in the years ahead. We and our children deserve better. Click here to help Tea Party Patriots urge lawmakers to get our national financial house in order and push for financial policy that will balance our budget within five years.