The temps are taking over. Full-time jobs are harder and harder to come by this year for young Americans, according to a new poll.
The Gallup Poll found that only 43.6 percent of Americans ages 18 to 29 had a full-time job in June 2013.? In 2012, 47 percent of millennials were employed full-time. ?In fact, more young Americans reported to be employed full-time three years ago than last month,? reports HuffPo.
Another report by Generation Opportunity, discovered the youth jobless rate was at 16.1 percent in June, more than twice the 7.6 percent unemployment rate experienced by all Americans. There are 1.7 million young adults without a job who are not counted as unemployed because they stopped job hunting, says Generation Opportunity.
Even with these circumstances, the Gallup poll found that it is more beneficial to have a college education in today?s job market. ?Americans between the ages of 18 and 29 who have at least a college degree are nearly twice as likely to have a full-time job than their peers without a degree, according to the survey,? reports HuffPo.
While this may be good news for recent grads, they are still burdened by heavy student loan debts. A new survey from One Wisconsin Institute, found that it will take the average student loan borrower more than 21 years to completely pay off their debt. And, according to a June report from Congress? Joint Economic Committee, roughly two-thirds of college students graduated in 2011 with debt levels reaching about 60 percent of their average annual income.
So even if you have been lucky enough to find a job, most of your money will be used to paying back your student loans debts well into your career.
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