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From SFGate:

Squeezed by a tight job market, young Americans are especially struggling. They have suffered bigger income losses than other age groups and are less likely to be employed than at any time since World War II.

An analysis by the Pew Research Center, released Thursday, details the impact of the recent recession on the attitudes of a generation of mostly 20- and 30-somethings.

The survey found that 41 percent of Americans believe that younger adults have been hit harder than any other group. At least 69 percent also said it’s more difficult for today’s young adults than their parents’ generation to pay for college, find a job, buy a home or save for the future.

Only a third of people ages 18 to 34 rated their financial situation as “excellent” or “good,” compared with 54 percent for those age 65 and over. In 2004, before the recession began, about half of both young and older adults rated their own financial situation highly.

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