Another Sign of the Economic Collapse?
For the first time in 130 years, more young people are living with their parents than their spouses. I know millennials spend a lot of time whining about “trigger warnings” and “safe spaces,” but they are the ones who will live through an economic collapse.
They are the biggest victims of Obama’s economy.
A shocking new report from the Pew Research Center shows that “living with a parent” is the most common living arrangement for Americans between the ages of 18 and 34. (Source: “For First Time in Modern Era, Living With Parents Edges Out Other Living Arrangements for 18- to 34-Year-Olds,” Pew Research Center, May 24, 2016.)
That’s right; 32.1% of millennials are living at home while only 31.6% are living with a spouse or partner.
The shift is troubling on so many levels. For one, it means that young people aren’t settling down before the age of 35 because they can’t find jobs.
Where is that recovery Obama promised us? His “nanny state capitalism” couldn’t save the economy any more than his socialist policies could save the healthcare industry.
Now our youth are out of luck. Their misfortune is yet another indication of the coming economic collapse. Think about it: if the majority of baby boomers are approaching retirement with their kids still at home, who’s going to grow the economy?
This population crisis is at the heart of America’s impending economic collapse.
Imagine a generation of frustrated young men, unable to find decent employment. Okay, now stop imagining because that’s actually what’s happening.
In 1960, 84% of young men could go out and find a job. That number has fallen by 13% over the last few decades. And it’s not like the ones who could find employment are exactly rolling in cash. Their wages have been locked in a death spiral since 1970, meaning workers are worse off than they were 45 years ago.
At the same time, it has become nearly impossible for a young couple to buy their own house. Home prices across the United States have more than doubled in the last 25 years.
When you consider that rise happened alongside the death spiral for wages, it becomes clear why young people can’t afford their own place.
An entire generation of Americans have been crucified by the Obama economy.
Is it any wonder we’re on the brink of an economic collapse?