In a new study, the economic future for American college graduates is bleak and could spell electoral trouble for President Obama. With these results, he could be a one-term President:
- 53.6% percent of recent college graduates are unemployed or underemployed,
- 85% percent of college graduates expect to move back home.
- Decline in starting salary for high school graduates is down for both men and women. Men realized a $2,040 salary loss in 2011 versus 2007. Women realized a $640 loss for the same period.
- Decline in starting salary for college graduates is down for both men and women. Men realized a $2,400 salary loss in 2011 versus 2007. Women realized a $1,740 loss for the same period.
With regards to the 2008 platform of "Hope and Change", young adults are not sold on the performance. Young adults saddled by less job and income opportunities realized it was just smoke and mirrors and if these numbers hold through election day, it could spell trouble for President Obama. Here is why:
- 82 percent think it's harder to find a job
- 75 percent think it's harder to save for the future
- 71 percent think it's harder to pay for college
- 69 percent think it's harder to buy a home
Now the question is whether young adults will seek another candidate to support, or just stay home on Election Day....
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