Are we creating a lost generation?

For some time, I've been writing about how the Great Recession and its tepid recovery have hit young adults hardest. I'm not dismissing the distress of older age groups. Almost anyone who has lost a job in this harsh economy has faced a long, uncertain struggle to find a new one. Americans on the edge of retirement have often reeled from large income and savings losses. It's rough for almost everyone.

But the young seem to have been hurt disproportionately. Getting a job isn't easy; for those who do, the pay may disappoint.