Obama-2012_Webf-4-690x388

It would be remiss not to bring up that the under 30 crowd overwhelmingly went for President Obama for a second term, and they will be handsomely rewarded — with more of the same. A Harvard study reported at The Examiner and picked up by Gateway Pundit shows just how “duped” these young’ns are:

A comprehensive new Harvard University report on Americans under 30, the so-called Millennials, shows that the economy is having a crushing impact, with just 62 percent working, and of those, half are toiling at part-time jobs.

The report, released by Harvard’s Institute of Politics, paints a depressing economic portrait of young Americans, many of whom are stuck with huge college tuition bills and little chance of finding a high-paying job.

But over half, or 59 percent of those aged 18-29, have gone to college and The report reveals that time in college is a better sign of social status than income, mostly because jobs aren’t available.

Businessweek reported on this “lost generation” last year, which stated that “only 46% of people aged 16-24 had jobs in September, the lowest since the government began counting in 1948.”  And the economic battle fatigue has sunk in, according to a Gallup poll last year that showed:

More than eight-in-ten (82%) say finding a job is harder for young adults today than it was for their parents’ generation. And at least seven-in-ten say it’s harder now to save for the future (75%), pay for college (71%) or buy a home (69%).

Read More:  http://www.ijreview.com/