10/30/2011 - Many young Americans are finding themselves worse off than their parents were at their age, without jobs or working below their skill and education levels. The unemployment rate for 16- to 24-year-olds is 17.4%, up from 10.6% in 2006.
The situation is even tougher for children of immigrants, such as Romero. Their parents paved the way by working tough jobs so their children could get an education and secure their place in the middle class. Now, with middle-class jobs disappearing, many children of immigrants are settling for the jobs their parents did, even if they are better educated.
Only 47% of Americans think their children will have a higher standard of living as adults than they do, down from 62% in 2009, according to a poll done in May on behalf of the Pew Economic Mobility Project.
Read the full article, Children of Immigrants Hit an Economic Ceiling, on the Los Angeles Times' Web site.