Channel: Epic Economist

Category: News & Politics

Tags: college jobssummer employmentconsumer sentimentcollege graduatesinflationrent priceshousing affordabilitystudent loan debtstudent loaneconomic collapselow wage jobsrising consumer prices;young americansprice increasesstudent debt crisismedical debteconomic crisiscost of living crisisus living standardscollege degreeyoung adultshousing bubblehousing priceseconomic recessionunderemploymentconsumer spendingliving expenses

Description: Millions of young Americans have completely lost their faith in our nation. They are realizing that their future has been destroyed by decades of reckless decisions made by the ones we call leaders - and now, they're getting increasingly furious about the state of the economy. The economic downturn we're now witnessing has hit those under the age of 30 incredibly hard. Many young adults were ready for the future they were promised their whole lives, only to find out that those promises turned out to be empty.  Right now, hordes of young people should be entering their most productive years. Instead, they are sitting home trying to figure out ways to stay afloat for another month. Many of them have worked really hard throughout high school and college. Many have stayed out of trouble and have done everything the system told them to do. But after they concluded their education, the rewards they were promised never materialized.  Today, they're being forced to build their lives amid a declining economy, a decaying labor market, and the highest spike in consumer prices recorded since their grandparents had their age. On top of that, millions of young Americans are carrying massive loads of debt. Those who went to college have to face a crushing student loan debt before they even get the chance to start building wealth. To make things worse, they can't find good-paying jobs to help them ease that burden.  When you're young and things are uncertain, it can be absolutely devastating to send out hundreds, or even thousands, of resumes and not get a single interview. Most of us grew up believing that we would be "someone" when we got older. We would be able to figure things out and thrive just as our parents did. That's why so many of us are incredibly disappointed right now.  This new generation of Americans is having their dreams brutally crushed by a nightmarish reality. Now, this group is waking up to the fact that neither political party is providing any real answers, and that those in power don't have any real intentions of reversing the mess and the damages they've done to our country.  Americans under the age of 30 are realizing that they are not going to be able to do any better than their parents. They are going to have to "pay the price" for the mistakes made by the previous generations. They're facing a broken labor market whose jobs don't offer enough money for them to get by month by month, let alone get rid of their massive debt. The downfall of the young generation reflects the dark future the United States is creating. Over the past few years, large numbers of young adults had to move back with their parents. Their financial struggles are aggravated by soaring living expenses. And with each passing month, their debt only grows larger. It feels like we're in the process of creating a lost generation. It makes us wonder: what can be done to save the future of America? In today's video, we compiled several stats that reveal why so many Americans under the age of 30 are giving up on the U.S. economy. Here are 20 Reasons Why Millions Of Young Americans Are Furious About The Economy. For more info, find us on: epiceconomist.com And visit: theeconomiccollapseblog.com