Young Invincibles’ Digital Strategy Manager Jessica Adair writes for The Blog on Huffington Post about the toll Florida’s decision to reject federal funding to close the Medicaid coverage gap is taking on young adults across the state:
“In the middle of the night, Genesis Rodriguez struggles to breathe. The 20-year-old’s life-long battle with asthma often wakes her from sleep. As a Miami resident without health insurance, she faces alarming health and financial risks. Unfortunately, Florida’s legislature has come between Genesis and her health.” Read more here.
By Ashlee Kieler
“Congress’ deal to keep the federal government up and running may be coming at the expense of some of the nation’s poorest prospective college students. The spending package is poised to cut $303 million from the Pell Grant program. The Washington Post reports that instead of using the portion of surplus dollars to fund college for lower-income students, it will now be used to pay companies that collect student loans on behalf of the Department of Education.” Read more here.
By Danielle Douglas-Gabriel
“Student loan advocates say that while the program is currently running a surplus, the cuts in the spending bill could create a funding shortfall beginning as soon as next fall. ‘We constantly worry that any spending bill is going to involve negotiations over Pell. We have seen funding shortfalls in the past and Congress always ends up having to find additional dollars elsewhere to fund the program,’ said Jennifer Wang, policy director at Young Invincibles. ‘Why put students in that position again?’” Read more here.
By Jordan Weissmann
“The millennials landed on the job market at a miserable moment in economic history. On the upside, that should give us something to lord over our children when we’re middle-aged and cranky. On the downside, our poor timing will probably depress our incomes for some time to come, since graduating into a recession can drag down your earnings for years.” Read more here.
By Nadine Ono
“The nation is slowly, but surely recovering from the Great Recession, as jobs are added and wages grow. At first glance, the numbers look good, but it’s a mixed bag for Millennials, especially those living in California. In a new report issued by Young Invincibles titled, “Where Do Young Adults Work,” the research shows Millennials are finding employment. The catch is that the wages for the generation are going down, which is not good news to young adults who are possibly saddled with student debt and the rising cost of living.” Read more here.
By Tom McKay
“Have you been struggling to pay the bills in retail while your expensive college degree gathers dust on your mantle? According to a new report from activist group Young Invincibles, you’re not alone. Over the past decade, income in the industries most likely to employ Millennials haven’t just stagnated, they’ve shrank. For young people, mediocre jobs with low pay are quickly becoming the new normal. The depressing reality is that as the Great Recession fades, Millennials will continue to suffer in the economy as meaningful jobs with decent salaries continue to remain out of reach.” Read more here.
By Kara Brandeisky
“Millennials want their parents’ old health insurance plan. A new survey from Bankrate found that almost half of 18-to-29-year-olds prefer a health plan with a lower deductible and higher premiums—meaning millennials would rather pay more out of their paycheck every month and pay less when they go to the doctor. Compared to other age groups, millennials are the most likely to prefer plans with higher premiums.” Read more here.
By Carolyn Bigda
“Those in their 20s or early 30s probably know saving for retirement is important to do. They just may not have the means to do it. Recent studies show millennials have a strong desire to save. A survey by Fidelity Investments, for example, found 52 percent of those born during the 1980s say accumulating more savings for retirement is a top priority.” Read more here.
By Shahien Nasiripour
“An outgoing Senate Democrat wants to take federal money from low-income college students to pay student loan contractors, whose tactics toward borrowers have been criticized by consumer advocates, federal regulators and the U.S. Department of the Treasury.” Read more here.
Young Invincibles’ Executive Director Jen Mishory explains the drop in wages for young adults on CNBC’s Closing Bell: