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SIM Missionary Doctor Rick Sacra on Way to The Nebraska Medical Center in Omaha

SIM Missionary Doctor Rick Sacra on Way to The Nebraska Medical Center in Omaha

CHARLOTTE, N.C, /Christian News Service/ – International Christian mission Rick Sacraorganization SIM (www.simusa.org) announced today that missionary...

Nancy Writebol, SIM Missionary Stricken with Ebola Virus,  Declared Virus-Free and Discharged from Hospital Tuesday

Nancy Writebol, SIM Missionary Stricken with Ebola Virus, Declared Virus-Free and Discharged from Hospital Tuesday

 

She and Husband, David, Resting at Undisclosed Location 


CHARLOTTE, N.C. /Christian News Service/ – Nancy Writebol, the SIM missionary s...

Samaritan Ministries Offers Biblical Alternative to Health Care Insurance

Samaritan Ministries Offers Biblical Alternative to Health Care Insurance


Cody DeWitt sold his family home and was packing up his household for a move to Illinois where he was about to start a new job with Samaritan Ministri...

Dr. Jim Denison

What Truett Cathy Taught Me

What Truett Cathy Taught Me

9 DAYS AGO  |  Dr. Jim Denison, Christian Press Columnist

I remember the first time I drove up to a Chick-fil-A on a Sunday. The lines wer...

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Back You are here: Home U.S. Young Americans Say They Will Delay Repaying Student Loans Due to Poor Economy

Young Americans Say They Will Delay Repaying Student Loans Due to Poor Economy

  • written by CP Staff Report

With student loan repayment receiving much attention, the crux of the issue is joblessness. The long duration of a poor US economy with near zero job growth is continuing to take a deepening toll on young adults. Faced with the highest joblessness since the end of World War II, young Americans are forced to deal with an increasingly limited number of opportunities for jobs and are delaying major financial and life decisions based on the economy - 27% say they will delay paying off student loans or other debt due to economic factors.

"The heart of the matter here is that young Americans need jobs in order to repay any debts, including student loans, and to plan for the future," said Paul T. Conway, President of Generation Opportunity and a former Chief of Staff at the US Department of Labor. "The poor economy and a lack of jobs are the central reasons why millions of young Americans have delayed their dreams of buying a home, getting more education, saving for retirement, getting married, or starting a family. Millennials know that more rhetoric from elected leaders and new federal programs are no substitute for employment opportunities and simply having a job. Elected officials in both parties should put as much energy into allowing the private sector to create jobs for the next generation as they do preparing for the next election."

Generation Opportunity commissioned a poll with the polling company, inc./WomanTrend (April 16 - 22, 2011, +/- 4% margin of error) and a highlighted result for all young Americans ages 18-29 appears below:

  • 77% of young people ages 18-29 either have or will delay a major life change or purchase due to economic factors:
      •44% delay buying a home;
      •28% delay saving for retirement;
      •27% delay paying off student loans or other debt;
      •27% delay going back to school/getting more education or training;
      •26% delay changing jobs/cities;
      •23% delay starting a family;
      •18% delay getting married.

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