Generation Opportunity, the largest non-profit, non-partisan organization in the United States engaging and mobilizing young Americans on the important economic issues facing the nation, released new polling data today on young women (18-29) which found an unacceptably high unemployment rate of 11.6.
“Young women don’t want someone who just talks a good game — they want someone who gets the job done. They are sick of empty promises, flashy gimmicks, and meaningless endorsements,” said Amber S. Roseboom, Executive Vice President of Generation Opportunity (GO) and a former Deputy Chief of Staff of the United States Office of Personnel Management.
“Young women are being devastated by this economy and denied opportunities for independence so that they can build a future for themselves. Through no fault of their own, their lives have been placed on hold. They are paying for this administration’s failures personally through the lack of job opportunities. With unemployment for young women far above the already high national unemployment rate, they know the status quo is unacceptable, and they know that we can do better.”
The sudden drop in the unemployment rate to 7.8 percent in September did little to reassure this group which is suffering from chronically high unemployment. GO announced that the non-seasonally adjusted youth unemployment rate for 18-29 year old women for September was 11.6 percent.
As a result of this crisis, large majorities of the women polled advocate for fiscally conservative policies. For instance, among the young women polled:
• 77% would decrease federal spending if given the opportunity to set America’s fiscal priorities.
• 68% of young women agree with the statement “if taxes on business profits were reduced, companies would be more likely to hire.” Only 25% disagree.
• 61% agree with the statement “the economy grows best when individuals are allowed to create businesses without government interference.” Only 26% disagree.
• 69% of 18-29 year old women agree with the statement “if taxes were lowered, the U.S. economy would grow faster.” Only 21% disagree.
• 66% prefer reducing federal spending over raising taxes on individuals to balance the federal budget.
• 51% of Millennial women would decrease taxes on individuals if given the opportunity to set America’s fiscal priorities.
Even more telling is that 90 percent of the women polled said they were forced to change some aspect of their day-to-day life because of the current state of the economy, listing everything from moving back in with parents to skipping vacations and selling off possessions to make ends meet.
Eighty-four percent admitted that they had put off at least one major life event because of the economy such as getting married, starting a family, and buying a first home.
Sixty-two percent believe the availability of more quality, full-time jobs upon graduation is more important than lower student loan rates.
“The message to Washington and to candidates from young women is clear,” said Roseboom. “Get out of the way — lower taxes and lower federal spending to get this economy moving again. To stubbornly press forward with an agenda that increases taxes and federal spending at the expense of jobs and opportunity is unfair and callous. For those who would arrogantly suggest that women either don’t care about a candidate’s record in office or will simply vote on a narrow band of issues, they had better wake up — women are paying attention, and they plan to vote this November.”
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