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Ron Crouch on Millennials

Martin: You've been looking at numbers lately as they pertain to young adults who are just getting out into the world and becoming established. What are you seeing?

Crouch: This is somewhat discouraging. And this is not just a Kentucky issue, this is a national issue. There's a new report out by the Georgetown University Center for Education and the Workforce showing that at all educational levels our young people 18— 34 are not doing as well as far as their incomes. The good news is, the better educated you are, the less a problem that is. But even college graduates now are doing less well.

This new data shows that basically half of all young women now in this country are working part-time instead of full-time and basically two-thirds of young men are working full-time, but one-third are working part-time.

So we seem to be going to an economy where more people are working part-time with fewer benefits and at lower salaries. I think that's a problem for the country and a problem for business. My spending is your income, your spending is my income. If young people don't have income, that hurts our economy.


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