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Quote

12th May 2010

“Millions in the generation are navigating the transition to adulthood through the howling gale of the worst economic downturn since the Depression. Federal statistics tell a bracing story. The unemployment rate among 20-to-24-year-olds stood at nearly 16 percent in March, more than double the level of three years earlier, before the recession began. For those 25 to 29, unemployment stood at 11.5 percent, also more than double the level of three years ago. For teenagers, 20-something African-Americans and Hispanics, and young people without a college degree, the unemployment rates spike as high as 28 percent — debilitating levels of the kind that Americans haven’t seen in decades.”

~ National Journal Magazine - Children Of The Great Recession