Obama Economy: No Jobs For The Young, More Children Living In Poverty, More Workers Living Paycheck To Paycheck

There are three stories from the news over the past few days which perfectly encapsulate the Obama economy. There are no decent jobs for young workers, more children are living in poverty, and more workers are living paycheck to paycheck. It’s the progressive, utopian dream coming true.

The New York Times on the “young and isolated:”

These are people bouncing from one temporary job to the next; dropping out of college because they can’t figure out financial aid forms or fulfill their major requirements; relying on credit cards for medical emergencies; and avoiding romantic commitments because they can take care of only themselves. Increasingly disconnected from institutions of work, family and community, they grow up by learning that counting on others will only hurt them in the end. Adulthood is not simply being delayed but dramatically reimagined along lines of trust, dignity and connection and obligation to others.

CNN on Americans living paycheck to paycheck:

Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all.

AP on children growing up in poverty:

It wasn’t so long ago that David Hutchinson spent a month sleeping under a bridge while his wife and young daughter spent their nights at a domestic violence shelter.

But this wasn’t a case of domestic violence. The couple simply had no choice. There were just no shelters in Phoenix with room for another homeless family, and their top priority was finding a safe place for their daughter.

The family is one of many in the U.S. that have been trying to raise children in the face of joblessness and homelessness. An annual survey released Monday by the Annie E. Casey Foundation shows the number of children living in poverty increased to 23 percent in 2011, after the recession.

Is this change we can believe in?