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More than eight in 10 young adults rate the economy as 'bad' or 'terrible', according to a recent survey conducted with more than 1,000 18- to 34-year-olds around the U.S. by Generation Lab.
Nia West-Bey, executive director of the National Collaborative for Transformative Youth Policy
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"It’s been rough for a long time," said Nia West-Bey, executive director of the National Collaborative for Transformative Youth Policy.
Nia West-Bey, executive director of the National Collaborative for Transformative Youth Policy
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"But I think we particularly have a confluence of long-term economic challenges on the income side and support side, now coupled with an increase in expenses on everything."
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Cloud Benn, 23, lives in New Orleans and wanted to move out after graduating college, but housing costs made that impossible.
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Cloud Benn is working two retail jobs and another as a writing tutor, while paying their mom rent.
Cloud Benn
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"We were fed that; we were told, hey, this is what adulthood is."
Cloud Benn
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"But the reality feels dystopian," they said.
Cloud Benn
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"Even if you plan it down to the penny, nine times out of 10, it’s never enough, especially in this economy," they said.
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Cloud Benn is the same age as their mother was when she moved out: she worked hard, got her own place, and now Benn is her age, working hard, and still can’t get their own place.
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In Generation Lab’s survey, 41% of respondents cited Donald Trump and 31% said 'corporate greed and large companies' as most to blame for current economic conditions.
Kassandra Martinchek, senior research associate at the Urban Institute
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"What’s unique about this moment is that there’s some challenges that may not have been present for other cohorts of young people," said Kassandra Martinchek, senior research associate at the Urban Institute.
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Kassandra Martinchek says young adults now face pressure on resources, less reliable job income, harder access to work, and cost pressures.
Lindsay Owens, executive director of the non-profit Groundwork Collaborative
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"We know that people who start their careers during these sort of economic downturn periods, or difficult economic periods, in some cases never catch up to their peers who graduated a few years earlier, before things went bad, or a few years later, when things start to turn around," said Lindsay Owens, executive director of the non-profit Groundwork Collaborative.
Lindsay Owens, executive director of the non-profit Groundwork Collaborative
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"These [economic] scarring effects are really real, and have real staying power."
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Tanajia Moye-Green, a 25-year-old PhD student in California, said that academic fellowships translate to her barely having enough to survive.
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Tanajia Moye-Green is a first-generation, low-income student who tries to send money to her family whenever possible.
Tanajia Moye-Green
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"Ultimately when you’re a Black woman, there is no stability anywhere, especially in this day and age," she said.
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Tanajia Moye-Green, who is disabled, needed to go to the emergency room by ambulance but instead had a friend drive her because she knew she couldn’t afford the ambulance.
Tanajia Moye-Green
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"I care about all those people out there who are feeling it even worse than I am," she said.
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Raven Khreis, a 19-year-old college student who is home for the summer in Buffalo, New York, said gas was nearly $5 a gallon for her.
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Raven Khreis and her friends have been carpooling to save money and still be able to hang out together.
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Raven Khreis works as a restaurant hostess and in an unpaid internship she hopes will help with career goals.
Raven Khreis
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"How most of us feel pretty uncertain of when we will be able to actually move out into an apartment or a home of our own," said Raven Khreis.
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Shaniya Taylor, 21, lives with her mother in Florida.
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Shaniya Taylor said electricity bills were one of her biggest expenses, noting that Florida Power & Light enacted a big rate hike.
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Shaniya Taylor earned her associate’s degree and would love to go to a four-year college out of her hometown, but housing would cost more than her monthly paycheck from the non-profit where she works.
Shaniya Taylor
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"Stepping into adulthood amid such a high cost of living feels scary," she said.
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Nia West-Bey pointed to data from the Center for Information & Research on Civic Learning and Engagement (Circle) after the 2024 election, which named economic conditions as a top issue for young people.
Nia West-Bey, executive director of the National Collaborative for Transformative Youth Policy
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"It is really difficult to do long-term planning for your future that young people want and need to do, and is developmentally appropriate, if you don’t know where you’re going to lay your head at night, if you don’t know what you’re going to eat the next day," said Nia West-Bey.
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