Obama Economy: 1 In 5 Millennials Live In Poverty

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Today the White House celebrated the economic recovery, despite the ongoing decline in median wealth in the United States. They didn’t want to hear about that, and they probably don’t want to hear that one in five millennials live in poverty. That’s some recovery.

One in five young adults – ages 18 to 34 years old – live in poverty, according to data from the U.S. Census Bureau.

“More millennials are living in poverty today, and they have lower rates of employment, compared with their counterparts in 1980,” the Census states. “One in five young adults lives in poverty (13.5 million people), up from one in seven (8.4 million people) in 1980.”

The data comes from a new Census release called “Young Adults: Then and Now,” which “illustrates characteristics of the young adult population (age 18-34) across the decades using data from the 1980, 1990 and 2000 Censuses and the 2009-2013 American Community Survey.” (Read More)

What a terrible time to come of age.