Skip to comments.America’s Economic Anarchy
Posted on 05/25/2018 7:05:01 AM PDT by davikkm
Americas current economic situation is not one of financial security or encouraging growth. Below the surface of our 106+ month-long recovery, now the second longest on record, is a sense of anxious anarchy in American households. Working men and women are struggling to make ends meet and many are simply not working at all. The real story that is not being told by the mainstream media is how close we are to an epic collapse.
You have to work! Not sure if you have been following this story or not, but a 30-year-old man from New York has just been ordered by a judge to move out of his parents house. He argued for six more months at his parents house rent-free after living there for eight years.
After years of pleading for him to get a job and become self-sufficient, the parents finally planned a February 2nd eviction. The letter read, Michael, after a discussion with your mother, we have decided that you must leave this house immediately. You have 14 days to vacate. You will not be allowed to return. We will take whatever actions are necessary to enforce this decision. That they did, eventually taking their 30 year-old child to court to get him out of their house.
(Excerpt) Read more at investmentwatchblog.com ...
Government is obviously lying about inflation. Wages aren’t keeping pace. Trump needs to Make the dollar great again!
What a bizarre article. To equate a 30 year old entitled do-nothing to all Millenials is misleading. And the chart on wealth change by age group is so full of questions that I think it is meaningless.
All I know is I have two millenial kids. Both started with a home-schooled background of have a vision, make a plan, make a schedule, work the plan. One is now 31 and a millionaire. The other is 26 and will be a millionaire if he keeps on track. Oh, and they’re nice people too.
There are more jobs out there than ever before. Lazy Democrats don’t want to work when they get free stuff. The free stuff train left with Obumer. Get to work and MAGA!!
“106+ month-long recovery,”
What effin recovery?
The political question is, are we in:
the 10th year of the Obama recovery?
or the second year of the TRUMP Boom?
For average folks, MAGA has just begun to really kick in these past 12 months.
The only thing I take issue with is the cynicism the author projects about the recovery.
As for the rest, these things have been a structural problem of the American economy for a couple decades at least. Yes, inflation numbers are a lie and have been for some time. And yes, housing prices are at ridiculous highs especially considering how much debt is being held. But these problems are a mix of culture and government policy that has been running for decades.
It is just going to take time to fix these problems. Some economists will violently disagree with me, but I think debt is largely the problem behind inflation. Those that live high on the hog in debt raise demand and therefore raise the prices for all of us. They hold debt levels on the assumption that their status quo will continue forever.
“Does this 30-year-old Millennial represent a needle in the haystack of economic prosperity or a depressing sign of our young cohorts continuing dependence on their parents and their lack of motivation to work and sustain themselves?”
Well as an example while my 32+ NIGHTMARE of a sister is currently living in her 6th sober house of the year my mom has been forced to take care of her 20 yr old millennial daughter.
Two weeks after a honors exhibit that we attended at her school last fall she decided that she can’t handle school anymore, oh yea she apparently can’t handle working either.
Seems the only thing that she CAN handle is partying with her loser friends 7 nights a week.
My mom has decided that she’s not going through another 30 years of this BS, i’m waiting to see what happens next.
Oh yea my mom is 70, ding bat doesn’t seem to realize the clock is ticking on her free everything ride...
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