February 7, 2013
HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): Harvard Study: Just 6 in 10 Millennials have jobs, half are part-time.
A comprehensive new Harvard University report on Americans under 30, the so-called Millennials, shows that the economy is having a crushing impact, with just 62 percent working, and of those, half are toiling at part-time jobs.
The report, released by Harvard’s Institute of Politics, paints a depressing economic portrait of young Americans, many of whom are stuck with huge college tuition bills and little chance of finding a high-paying job. Those figures are stark: 62 percent halve jobs; 31 percent of those work part-time; and 27 percent are out of the workforce. The rest are dubbed “unemployed.”
But over half, or 59 percent of those aged 18-29, have gone to college and The report reveals that time in college is a better sign of social status than income, mostly because jobs aren’t available.
Or maybe I should have styled this “Higher Education Bubble Update.”