Employment gap between young and old is widest ever

By Hope Yen of The Associated Press

Wednesday, February 8, 2012 - 6:00 pm

WASHINGTON — 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.

With government data showing record gaps in employment between young and old, a Pew survey found that 41 percent of Americans believe that younger adults have been hit harder than any other group, compared with 29 percent who say middle-aged Americans and 24 percent who point to seniors 65 and older. A wide majority of the public — 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. 

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