Julianne Malveaux, NNPA
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Research shows that this generation of young people, regardless of their race, are likely to do less well than their parents did. Shackled by a trillion dollars worth of student loans and a flat labor market, the New York-based Demos organization says the student loan burden prevents young people from buying homes and amassing wealth. While there are some racial gaps, many young people enter the labor market already behind the space their parents occupied.