From AlterNet
By Laura Barcella

“Government no longer has our back,” explains Tamara Draut, author of the recently published book Strapped, in an email. “Young adults today, working to get into the middle class — they’re being hit by a one-two punch: The economy no longer generates widespread opportunity, and our public policies haven’t picked up any of the slack.”

Her words ring uncomfortably true. As a “young adult” (age 29, thank you very much) from the generation Draut is covering, I’ve watched more than a few college-grad friends struggle to pay off their towering school loans and credit card debt — usually on “creative sector” annual salaries ranging from $25K to $40K (while attempting to thrive in notoriously overpriced cities such as New York, Boston and San Francisco).

According to Strapped, Gen X-ers have it much worse than our Baby Boomer parents, because while typical earnings for college grads have stayed the same for three decades, the costs of housing, education and health care have grown exponentially — much faster than inflation.

The grim financial situation many young folks are now facing is part of a broad governmental failure to regulate the rising costs of higher education, to boost the minimum wage to a livable wage, and to create a sufficient number of full-time jobs — with benefits — to ensure that America’s massive twenty- and thirty-something work force is healthy and paid well enough to provide for their families.

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