02/24/2010 - More than one-third of the millennial generation – the tech-savvy group ages 18 to 29 – is unemployed or out of the workforce, the highest share among this age group in more than three decades, according to a new report by the Pew Research Center.
The nation's young people, the report says, are dour about their predicament but remain optimistic about their futures. Only 19 percent of unemployed millennials say they have enough income to "lead the kind of life they want," the survey found, down from 38 percent four years ago. But about 90 percent of those who are unhappy with their income level believe their fortunes will improve.
"We know that young people tend to be optimistic in the face of tough economic times, but I think it's especially interesting that there's so much optimism considering that there's so much unemployment," said Scott Keeter, a Pew co-editor of the report, "Millennials: Confident. Connected. Open to Change."
The generation, which covers people born from 1980 to the early 2000s, includes about 77 million members, the same number as the baby boomers. The Pew report portrays millennials as a generation with a tendency to delay marriage and shift political beliefs that is passionate about technology.
Read the full article Despite Recession, Young People Optimistic About Future, Pew Study Finds on the Washington Post's Web site.