Just over half (54 per cent) of 18-24 year-old US youth are employed, the lowest level since 1948, according to figures released at the end of the summer. Nearly a fifth of young men aged 25-34 are still living with their parents.
The total amount of non-dischargeable student loan debt is over a trillion dollars, more than the combined total of credit card and auto-loan debt. Much of the debt will remain a permanent burden for former students and the economy alike. ■