As Obama’s reelection team cranks up efforts to win back the Democratic base, the campaign seems to be counting on energizing the youth voters who turned out for Obama in record numbers in 2008.
But replicating that support will be a lot tougher this time around. The president — who won 66% of the vote among 18-to-29-year-olds in ’08 — is markedly less popular than he was when he took office. Recent polls show his approval rating among young voters has slipped below 40%.
Faced with grim economic prospects and burdened by student loans and credit card debt, youth voters, like the rest of the country, are disenchanted with the President they helped elect. The activist energy that propelled Obama’s inaugural campaign now appears to be driving the burgeoning Occupy Wall Street movement, which is largely unhappy with Obama’s handling of the economy, according to recent polls.
A new survey of 18-to-34-year-old workers illustrates why young voters are unlikely to be excited by Obama this time around. The poll, released today, found that about half of young workers are frustrated with their financial situation, and believe they will be worse off than their parents. Overall, the data suggests that Obama’s campaign has a tough task ahead.
Just over half of young workers have seen their wages increase over the past four years, leaving 46% with stagnant or even decreased earnings.
Nearly half of young Americans are in debt — 42% owe more than $5,000 (and that doesn't include a mortgage)
A staggering 71% of uninsured young workers can't afford health coverage, don't receive coverage from their employer, or have been denied coverage.
Almost half of young workers have delayed buying a home because of the poor economy, while 33% have delayed moving out on their own. Delays are more common among minorities.
But there's good news! Despite their frustrations, 77% of young people STILL believe they can achieve the American Dream.
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