The Fed, bless its absent heart, wondered why so many young people are living with their parents:
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| courtesy: Mish Shedlock |
Perhaps this next chart has somthing to do with it:
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| courtesy: Mish Sedlock |
Or this chart:
Burden with educational debt and unable to find jobs that pay well, what real choices do millenial people have, especially when their boomer parents, whose focus was on "getting ahead", took advantage of cheap credit to buy real estate and invest in stocks. Post bubble, it is a whole
new ball game. The paradigm has shifted. Now the game is about survival just as it was during the Greatest Depression. The American Dream RIP.
