Pew: Democrats Losing Millennials

obama-high-school-grads-ap reports:  Barack Obama may be the Republicans’ best friend when it comes to educating 18-33-year olds of the Millennial Generation about the downside of voting for the Democrats’ economic policies. According to a report from the Pew Research Center for Social and Demographic Trends, the 73.7 million Millennialsare “unattached to organized politics and religion, linked by social media, burdened by debt, distrustful of people, in no rush to marry— and optimistic about the future.”

This growing rejection of the Democrat Party will undoubtedly have consequences in the coming mid-term and presidential elections.

Millennials in 2008 were all about the Democratic Party, with only 38% identifying themselves as political independents. Millennials associated Republicans with “a wave of disappointments and embarrassments: Iraq, Hurricane Katrina, congressional corruption scandals, the mortgage crisis.” Millennials were extraordinarily motivated to turn out and vote in 2008 and even more motivated in 2012.

But 50% of Millennials now describe themselves as political independents, “near the highest levels of political disaffiliation recorded for any generation in the quarter-century,” according to the latest Pew Research poll. This comes despite 43% of Millennials and about half of their newborns being Hispanic, Asian, and black, ethnic groups that have strongly favored Democrats in the past.

Millennials seem to be exhibiting political buyers’ remorse as the cost of college is rising faster than pay for college graduates, student debt is at record highs, wages are dropping after inflation, and the cost of buying a house is unaffordable to all but a sliver of Millennials. Lack of prosperity is discouraging Millennial marriages at the same relative age to a third less than Gen Xers in 1997 and half that of Baby-Boomers in 1980. Pew found, “Most unmarried Millennials (69%) say they would like to marry, but many, especially those with lower levels of income and education, lack what they deem to be a necessary prerequisite—a solid economic foundation.” But 85% of Millennials say they will marry, but only when they have enough money.

Despite their current economic malaise, Millennials are more optimistic than other generations that America’s best years are still to come…(read more)

2 Comments on “Pew: Democrats Losing Millennials”

  1. […] Pundit from another Planet‘s Chriss W. Street reports: Barack Obama may be the Republicans’ best […]

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