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Demos and Center for American Progress Announce Findings of 'The Economic State of Young America' and Analysis of Polls on Young Voter Attitudes About Economy

Business Wire, May 5, 2008

Presidential Candidate Surveys on Young Voter Economic Concerns Also to be Published

NEW YORK -- Demos and the Center for American Progress today released the following advisory.

WHAT:

Briefing for journalists on "The Economic State of Young America," a new databook/report from Demos examining the economic conditions experienced by young adults. Also to be discussed is a new analysis of public opinion polling of young voter attitudes about the economy published by the Center for American Progress.

WHEN:

Tuesday, May 6, 2008, 11 a.m. - 11:45 a.m. EST

CALL-IN DETAILS:

Number: 1 (866) 682-6100

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ID: Young Americans and the Economy

If you plan to attend, please RSVP to Tim Rusch, trusch@demos.org, 212-389-1407 or John Neurohr, jneurohr@americanprogress.org, 202-481-8182.

WHO:

- Tamara Draut, Director of the Economic Opportunity Program at Demos and author of "Strapped: Why America's 20-and 30-Somethigns Can't Get Ahead" discussing the Economic State of Young America published by Demos.

- David Madland, Director of the American from Center for American Progress discussing the findings of the new "Progressive Generation" study looking at young people's views on the economy.

ADDITIONAL BACKGROUND:

Publication of a new "Economic State of Young America" report that provides benchmarks for understanding the economic conditions experienced by young adults in America-and evidence of long-term destabilization across key economic factors, including:

- The flat income and unstable job trends among today's young workers--also examining poverty rates, unemployment trends by race, quality of work, insurance rates, and incarceration rates by race.

- The rapid proliferation of debt--examining student loan debt and its impact on wealth and savings, the rapid growth of credit card debt, and the overall rates of "debt hardship."

- The tightening of access to a college education--examining the costs of college, trends in enrollment by race and income, and rates of college completion and degree attainment.

- The skyrocketing costs of housing--examining the growing trend of young adults living at home with parents, the rent-to-income ratio, and homeownership rates by race.

- The costs of raising a family--examining employment trends in two-parent households and trends among young working mothers, as well as the cost and type of child care commonly used.

And the publication of a new study that provides an extensive examination of the economic views of young adults today, finding that on a wide range of economic issues, from taxes to government spending, and from healthcare to support for labor unions, young people today have decidedly progressive views. Key findings regarding these trends in "millenials" include:

- Millennials are more likely to support universal health coverage than any age group in the 30 previous years the question has been asked

- Eighty seven percent of Millennials think the government should spend more money on health care even if a tax increase is be required to pay for it

- An overwhelming 95 percent of Millennials think education spending should be increased even if a tax increase is be required to pay for it

- Millennials are very supportive of labor unions, giving them an average ranking of 60 on a 0 to 100 scale

On the morning of May 6, 2008, a PDF file of the report will be available for download at http://www.demos.org and the survey analysis at http://www.americanprogress.org. Authors are available for interviews and hard copies of the report and analysis are available on request.

Experts and reports will also be available in Washington, DC, on May 8 and 9 at Demos' conference on young adult economics, "A Better Deal: Reclaiming Economic Security for a New Generation", also cosponsored by Campus Progress; the event is expected to draw more than 200 young adult leaders from around the country (for more information http://www.abetterdealconference.org).

Business Services Industry

Demos and Center for American Progress Announce Findings of 'The Economic State of Young America' and Analysis of Polls on Young Voter Attitudes About Economy

Business Wire, May 5, 2008

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