Young Adults: The Recession's Lost Generation - Newschannel 6 Now | Wichita Falls, TX

Young Adults: The Recession's Lost Generation

WASHINGTON (AP) - New 2010 census data released Thursday show that in record-setting numbers, young adults are shunning long-distance moves to live with mom and dad, delaying marriage and buying fewer homes.

They also suffer from the highest unemployment since World War II and risk living in poverty more than others - nearly 1 in 5.

Richard Freeman, an economist at Harvard University, says the latest trends reflect the particularly tough plight for young adults in the prolonged jobs slump. He and others say young adults will see ripple effects from their missed economic opportunities for at least a decade.

Beyond the economy's impact, the figures also show a rebound in the foreign-born population to 40 million, or 12.9 percent, the highest share since 1920.

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