80 Million Strong (for Young American Jobs) was a coalition aiming to unite young Americans to own and direct their economic reality. The summit, taking place July 14–15, 2009 in Washington, D.C., looked at the problems that young people face in order to find constructive, long-term solutions. Stakeholders convened, proposing legislation that creates new jobs for the new economy.[1]
Youth unemployment is nearly 8% higher than the national average, with a 17.3% unemployment rate for those 16-24, according to the Bureau of Labor Statistics’ May data.
Statistics indicate that people ages 16–24 represent one-third of the unemployed, even though they make up 15 percent of the nation's work force.
African Americans and Hispanics are even more adversely affected by the crisis, with unemployment rates among 16- to 19-year-olds eclipsing 30%.
Young people amass over $2000 in credit card debt by the age of 24.
African American 20- to 24-year-olds are unemployed at a rate of 25.1
Additionally, 30% of young people are uninsured, the highest of any age group.
Despite common myths, the most common reason that young people do not hold insurance is because s/he cannot afford it and/or does not have access via an employer-sponsored plan.[4]
ReferencesEdit
^. Archived from the original on 2009-06-01. Retrieved 2009-07-08.
^. Archived from the original on 2009-05-22. Retrieved 2009-07-08.
^. Archived from the original on 2009-05-22. Retrieved 2009-07-08.
^. Archived from the original on 2009-05-23. Retrieved 2009-07-08.
August 31, 2023
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