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Student debt burdens are weighing on the economic fortunes of today’s young adults. Among the college-educated, those with outstanding student debt are lagging far behind those who are debt free in terms of household wealth.
Young adults shrunk the amount of debt they were carrying by 29% between 2007 and 2010.
A record 40% of all households headed by someone younger than age 35 owe money on their student loans, by far the highest share among any age group
The Great Recession seems to have accelerated the tendency of today’s young adults – sometimes labeled the “boomerang generation” – to move out of the family house for a time and then boomerang back.
If asked to choose between a job with higher pay and one with more security, 56% of employed young adults would pick the position with more job security.
Four-in-ten young adults say they have cut back spending on alcohol or cigarettes as a result of the recession.
On a 12-question news quiz, young adults answered fewer than half correctly on average.
A 19-point gap now separates Democratic and Republican identification among young voters.
That’s the percentage by which turnout among young voters (ages 18-25) increased in 2004 over the previous presidential election in 2000 — the largest increase in any single age group. But young people still lag on basic measures of political engagement.
That’s the percentage of young adults (ages 18-25) who say it is okay for people to download or share music or video files without paying for them.
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