Layoffs and Young Workers

September 10th, 2009
by kentt

Workers in the 25 to 34 age group have seen the most dramatic rise in unemployment during the past year.  Their unemployment rate went from 5.7% to 10% in July of 2009.  On top of that, they usually have big bills to pay.  The average undergraduate finishes college with $17,700 in debt if they went to a public school and $22,375 if they went to a private school.  Part of this includes $4,100 in credit card debt.

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