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  • How America's Youth Can Fight Unemployment and U.S. Debt

    According to a new poll issued by Generation Opportunity and The Polling Company, Inc./WomanTrend, America’s young adults are looking at a bleak future as the unemployment rate remains at 9.1 percent. The poll indicates that almost three-quarters of young Americans ages 18 to 29 will postpone important life events associated with the American Dream, such as purchasing a home, preparing for retirement, furthering education, marrying, and having children. These young adults have ideas about how to get out of this situation, however. The poll shows 76 percent advocating less federal spending, and more than half concur that economic growth occurs with less government regulation and taxation of profits.

    There is plenty of support for young Americans’ views in the poll. Instead of spending and regulating, the government should retreat from American businesses to allow them to prosper and create more jobs. Job creators need solutions such as certainty of economic stability, reduced government spending, and the repeal of Obamacare for the U.S. to see employment growth.

    The U.S. debt also weighs down the vision of prosperity for this generation. Heritage’s Bill Beach has explained how the debt translates into a delay of marriage and decrease in income. Beach says the current generation is in danger of becoming the “generation that improved the least” from the time of employment to retirement.

    Despite these reports, this generation has the power to improve its potential. Beach suggests personal savings, monthly budgets, and financial plans to combat debt problems. In addition, young Americans not only can speak out to national leaders but also can spread their ideas for economic growth through family and friends. They can save and keep a budget and demand that the government do the same. Instead of being labeled as an unimproved generation, young Americans can become known as the generation that fought to improve their situation—to live, and not merely dream, the American Dream.

    Katie Yoder is a member of the summer Young Leaders Program at The Heritage Foundation. Click here for more information on interning at Heritage.

    Posted in Economics [slideshow_deploy]

    3 Responses to How America's Youth Can Fight Unemployment and U.S. Debt

    1. @johnjmart says:

      The link to the poll is broken. Also, those kids are probably Swedish, not American. It'd be interesting to hear what Swedish young adults feel about their future. My bet is that they're feeling more optimistic than their counterparts over here.

    2. Bobbie says:

      "Unimproved" when it is the hindrance and excessive control of government interests causing it! There is a lot of weight on the youth. My kids were/are in the middle of public educational socialism (unbeknown to us until it slapped us in the face where NO CONCERNS OF OURS WERE ADDRESSED,) where my oldest was able to see it, the younger ones took a lot of patience on our part and openness to realization on their part! The truth of America is setting them free and building personal strength!!

      God Bless the strength of the free thinking youth of America!!

      the highest expense is in public education where education is the least productive, indoctrination of the mindset into socialism is the standard curriculum limiting the minds potential. The opposite of what America stands for and where removal would be very productive!

      Charter schools and private schools serve the purpose that inspires kids to reach beyond the (government deemed) standard! at less cost…
      public education? if you can tie your shoes, they'll make sure you pass! How so sad public educators represented by government unions, cheat youthful minds and the pay & benefits they get shows they have no shame!

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