You probably hear something like this all the time:

"When I was a kid, I had no help with college tuition.
I was hard working and paid it all myself."

Some people like to think that young adulthood is like...

But, let's take a look at some eye-opening statistics
for youth and young adults in America today.


Annual Tuition for Yale in 1970: $2,550

Annual Tuition for Yale in 2016: $47,600

Minimum wage in 1970: $1.45

Minimum wage in 2014: $8.75

Daily hours working at minimum wage needed
to work to pay for tuition in 1970
: 4.8

Daily hours working at minimum wage needed
to work to pay for tuition in 2014
: 15

Student Debt has risen 56 % since 2005.

There is more than $1.2 trillion in outstanding student loan debt.

There are 40 million borrowers in the United States,
with an average balance of $29,000 per person.

Combine this with the competition for entry-level jobs
from an older demographic, and the picture is not promising.

According to Newsweek, the median net worth of people under 35
dropped by 37% between 2005 and 2010.

People over 65? Lost only 13%.

National unemployment rate 18-29 years old: 12.7%

National average unemployment rate: 8.2%

But wait, that's not all...

According to New York Federal Reserve that young adults in America (aged 39 and under)
now have a collective student loan balance of more than $700 billion.

More than half of all student loan borrowers are now delinquent on their payments,
Borrowers who left school in 2005 have paid down just 38 percent of their original student debt.

As of 2013, nearly one-in-three millennials was living at home with their parents.


Doesn't make things look so easy now, does it?

So, next time you feel like judging a young adult, think twice.


To learn more about millennial stats, click here.

To see the source of the first half of this article, click here.

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