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Economic Report: Wages Plunge For Young Men Without Degrees

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Omaha Steve Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-23-08 09:53 AM
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Economic Report: Wages Plunge For Young Men Without Degrees

http://www.laborradio.org/node/8610

Declining incomes are one of the biggest reasons 25-34 year old males aren't surpassing the living standards of older generations. Earnings for young men with only high school diplomas fell by 29 percent. With wages falling credit debt is rising. Twenty five cents of every dollar for the younger age group goes to pay debt, double what baby boomers spent in 1989.
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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-23-08 09:56 AM
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1. Hmm, young men having difficulty obtaining a middle class lifestyle.
The first ingredient for a revolution.
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AmandaRuth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-23-08 11:09 AM
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2. this is truly one of the most disturbing things I have
read about the economy, 29%? ouch, not good news. Welcome to the free market!
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-24-08 05:18 PM
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3. Wow. They'll be up in debt forever, if not longer, hoping to be employed...
When will the tuition-cost bubble collapse? What is going on that all those school fees have to skyrocket each year?
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