Who Was The Hardest Hit In The Recession

09.22.11 |

   They are calling it the recession's lost generation. In record numbers, young adults are struggling to find work. america's 20-somethings and 30-somethings suffer from the highest unemployment since World War 2. they are shunning long-distance moves to live with mom and dad, delaying marriage and buying fewer homes. New 2010 Census data released today shows the wrenching impact of a recession, with 1 in 5 young adults living in poverty. 55-percent are unemployed. Though the recession officially ended in 2009, there still aren't any jobs. There are 11-million illegal immigrants taking low skilled jobs. And seniors 65 or older are staying put. 1 in 6 senior citizens are still in the labor force-- the highest level since the 1960's. Young men without college degrees are being hit the hardest, with a shortage of blue-collar jobs. 6-million young Americans lived with their parents last year-- an increase of 25 percent from before the recession. Homeownership declined for a 4th consecutive year. 1 in 4 families with children are headed by single moms. That's a record high.