Source: The American DreamMichael Snyder
If you are an American under the age of 30, you have probably figured
out by now that the entire economic system is stacked against you. The
way that our economy is structured today is ridiculously unfair to
younger Americans. First, we endlessly push our young people to go to
our ridiculously expensive colleges and universities where the pile up
enormous amounts of debt. Then they get out into the real world where
they find that only a handful of really good jobs are available for the
vast army of college graduates entering the workforce. Sadly, most of
the jobs that our young people are working these days do not pay enough
to be able to support a family or buy a decent home. Meanwhile, our
politicians are busy mortgaging their future. Our young people are
expected to support a Social Security system that will not be there when
they get older, and every single day more than 2 billion dollars is
added to a debt that will hang around the necks of younger Americans and
their children for the rest of their lives. If you stop and think
about all of this for too long, your head might just explode with
anger. Well, not literally, but you get the point. The truth is that
this is going to be the first generation in U.S. history that is going
to do significantly worse than their parents, and that is a terrible
shame.
Are you not convinced that things are really bad for younger Americans?
Do you think that they should just shut up and quit whining about things?
Well, keep reading. You just might change your mind by the time this article is over.
The following are 24 facts that show how ridiculously unfair our economy is for Americans under the age of 30 that will make your head explode....
#1 U.S. households led by someone 65 years of age or older are 47 times wealthier than U.S. households led by someone 35 years of age or younger.
#2 Today, only about 55 percent of all Americans between the ages of 16 and 29 have a job.
#3 Back in the year 2000, more than 50 percent of all Americans teens had a job. This past summer, only 29.6% of all American teens had a job.
#4 Since the year 2000, incomes for U.S. households led by someone between the ages of 25 and 34 have fallen by about 12 percent after you adjust for inflation.
#5 It is absolutely ridiculous how much it costs to get a college education in America today. After adjusting for inflation, U.S. college students are now borrowing about twice as much money as they did a decade ago.
