September 3, 2009

"A Lost Decade"

The AFL-CIO has released the results of a new survey that shows that one third of workers under 35 live with their parents and are less likely to have health insurance provided by their employers. They are also less like to have more job insecurity than they were ten years ago. One quarter of these workers don't earn enough money to even pay their bills.

Richard Trumka said in a press conference:

"We're calling the report "A Lost Decade" because we're seeing 10 years of opportunity lost as young workers across the board are struggling to keep their heads above water and often not succeeding. They've put off adulthood - - put off having kids, put off education - and a full 34 percent of workers under 35 live with their parents for financial reasons. Thirty-five percent are significantly less likely to have health care than older workers, only 31 percent make enough money to pay their bills while putting anything aside in savings, and almost half are more worried than hopeful about their economic future."

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