Washington, DC – (8/15/12) – Generation Opportunity, one of the largest groups in America engaging and mobilizing young adults, or Millennials, on the important economic issues facing the nation in 2012 and beyond, unveiled its newest social media platform today. The Facebook page, “We Like Small Government,” fosters debate on the appropriate size and scope of government, the impact high taxes and more regulations have on job creation, and the importance of economic opportunity and individual freedom. The page has already amassed over 400,000 fans and surges Generation Opportunity’s total fan base to well over 4 million young adults.
“Every day, young Americans search for meaningful, full-time jobs in a career of their choice and, instead, experience first-hand the stark reality imposed by the poor economy – high unemployment and overall lack of economic opportunity. Rather than resorting to pessimism, however, young adults are taking a harder look at who and what is creating barriers to economic opportunity. Increasingly, they identify elected officials and policies that result in more government interference with employers and overreach in the private sector and small businesses as a prime source of the lack of economic opportunity. As they continue to deal with the highest sustained unemployment since World War II, Millennials have definitely concluded that government intervention in the economy is the problem, not the solution,” said Paul T. Conway, president of Generation Opportunity and former Chief of Staff of the U.S. Department of Labor. “In an effort to change the status quo, young adults are determined to organize and mobilize themselves on the principle that people, not government, are the creative source of opportunity and that America needs to be placed on a better path forward.”
Earlier this month, Generation Opportunity released the non-seasonally adjusted (NSA) unemployment data for Millennials for July 2012:
- The youth unemployment rate for 18-29 year olds specifically for July 2012 is 12.7 percent (NSA).
- The youth unemployment rate for 18-29 year old African-Americans for July 2012 is 22.3 percent (NSA); the youth unemployment rate for 18-29 year old Hispanics for July 2012 is 14.0 percent (NSA); and the youth unemployment rate for 18-29 year old women for July 2012 is 12.6 percent (NSA)
- The declining labor participation rate has created an additional 1.715 million young adults that are not counted as “unemployed” by U.S. Department of Labor (BLS) because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs.
- If the labor force participation rate were factored into the 18-29 youth unemployment calculation, the actual 18-29-unemployment rate would rise to 16.7 percent (NSA).
Generation Opportunity commissioned a poll with the polling company, inc./WomanTrend (April 16 – 22, 2011, +/- 4% margin of error) and a highlighted result for all young Americans ages 18-29 appears below:
Millennials – Economic Growth and Government:
- Only 31% of those 18-29 approve of Obama’s handling of the youth unemployment.
- 53% believe lowering business taxes increase hiring.
- 59% believe the economy grows when people are allowed to create business without government interference.
- 69% of 18-29 year-olds prefer reducing federal spending over raising personal taxes to balance the budget
Millennials – Delayed Dreams from a Poor Economy and the Lack of Opportunity:
- 77% of young people ages 18-29 either have or will delay a major life change or purchase due to economic factors:
- 44% delay buying a home;
- 28% delay saving for retirement;
- 27% delay paying off student loans or other debt;
- 27% delay going back to school/getting more education or training;
- 26% delay changing jobs/cities;
- 23% delay starting a family;
- 18% delay getting married.
ABOUT GENERATION OPPORTUNITY
Generation Opportunity is a non-profit, non-partisan 501 (c)(4) organization that seeks to engage everyone from young adults, to early career professionals, college students, young mothers and fathers, construction workers, current service men and women, veterans, entrepreneurs, and all Americans who find themselves dissatisfied with the status quo and willing to create a better tomorrow.
Generation Opportunity operates on a strategy that combines advanced social media tactics with proven field tactics to reach Americans 18-29. The organization’s social media platforms – “Being American by GO,” “The Constitution by GO,” “Gas Prices Are Too Damn High,” “Lower Taxes by GO,” “Keep Texas Awesome,” “Jersey Proud,” and “We Like Small Government” on Facebook – have amassed a total fan base of more than 4 million. The pages post links to relevant articles and reports from sources ranging from the federal Government Accountability Office (GAO), to The New York Times, The Washington Post, The Brookings Institution, The Wall Street Journal, The Huffington Post, and The Heritage Foundation.