Overwhelmed By Debt, Nearly 1 In 5 Young Adults Live With Their Parents Or Grandparents, by Michael Snyder.
In America today, more than 60 million people live in multi-generational households. That number is so large that it may seem difficult to believe, but the truth is that vast numbers of young adults have had to move back in with their parents and grandparents in recent years due to the deteriorating economy.
Millions of our young people cannot find decent jobs once they leave school, and millions of them are absolutely overwhelmed by debt. …
12 percent of the U.S. population was living in multi-generational households back in 1980. Today, that number is up to 19 percent.
Too long at school, less competent, and more in debt (statistically speaking):
One of the big culprits, of course, is student loan debt. According to CNN, approximately 70 percent of all college graduates will have student loan debt to pay off once they leave school, and the average loan balance for those graduates is about $28,950. … Unfortunately, millions upon millions of our young people have discovered that the good jobs that they were promised simply do not exist. …
This generation of young adults is the most “educated” in our history, and yet they also appear to be one of the least competent. …
In our day…
In the old days, our institutions of higher learning had exceedingly high standards and they demanded the best from students. Today, our system of higher education is a joke, and many of our best colleges are more focused on political correctness and “safe spaces” than they are on preparing our young people for the harsh realities of the real world, …
We have raised a generation of overly-coddled, self-absorbed boys and girls that have never learned how to become men and women. …
And since our education system is completely and totally dominated by progressives, our young people have had decades of liberal propaganda pumped into their skulls…
Three in four young Greeks living at home, OECD says. Yes, it could get worse.
