President Obama promised millennials “hope and change,” but at the end of his eight years in office, all they’re left with is piles of debt and disappointment.
Thanks to Obama – an index that measures young American “misery” just reached its highest point – leaving a disaster for millennials.
Over the Obama years it has increased 36 percent.
It’s calculated by adding youth unemployment, student loan debt, and national debt (per capita) numbers.
Millennials put President Obama in the White House, not once but twice, and they’re getting rewarded with record numbers of financial burdens.
Youth unemployment is almost 15 percent, which is ten points higher than the U.S. unemployment rate as calculated by the Bureau of Labor Statistics.
The average college student in the class of 2016 graduated with a record $37,000 in student loan debt.
And after Obama added more debt than all the previous presidents combined, millennials are left with a national debt per capita approaching $62,000.
It’s no wonder more millennials voted for Trump than previously said they were going to prior to Election Day, and listed “economy” as their top issue in the 2016 presidential election.
This came as a shock to Hillary Clinton’s campaign as they counted on young people, a critical component of the so-called “Obama Coalition,” to come out in record numbers.
Ron Robinson, president of Young America’s Foundation, commented on just how bad it’s been for millennials the last eight years.
“President Obama has done his young supporters a remarkable disservice by running up the national debt at an incredible rate while failing to adequately address the student loan crisis,” Robinson said in a statement. “Young people are increasingly conscious of the Left’s inability to offer practical solutions to the problems they face every single day.”
This might help explain why young Americans are more conservatives than previous generations, according to a recent study.
On January 20, Barack Obama moves into his multi-million dollar DC mansion, meanwhile many post-college millennials are still living in their parents’ basement tweeting out #thanksObama.