Wednesday, August 5, 2015

If The Economy Is Recovering, Then How Is This Possible?.....ANOTHER PESKY FACT!

If The Economy Is Recovering, Then How Is This Possible?

Below is a chart showing that the share of young people (18-34) living with parents has held steady over the last half year, and close to the highest since the financial crisis.

The share of young people living with their parents has increased relative to pre-recession rates for all labor force status groups, not just the unemployed and underemployed.

This data is bad news for the housing industry, which is looking for a boost from young, first-time buyers.

To summarize: a terrible labor market for the young generation as a result of "sticky" elderly workers who can't fall back on interest from their savings thanks to the Fed's ZIRP policy and are thus unable to retire clearing the labor market for the nextt generation, an unprecedented student debt load, and soaring rents which Millennial incomes simply can not cover.

And that is why the economy is far worse than anyone in the mainstream media will admit.



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