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Young households ‘crushed’ by recession
ny post ^ | 6-19-12 | PAUL THARP

Posted on 06/19/2012 11:05:08 AM PDT by TurboZamboni

click here to read article


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To: Tzimisce

Yup! He’ll fix what that mean ol’ Bush did!


21 posted on 06/19/2012 11:33:11 AM PDT by FrdmLvr (culture, language, borders)
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To: TurboZamboni

Workforce participation is already back to 1982. Welcome back Carter indeed.


22 posted on 06/19/2012 11:33:27 AM PDT by JCBreckenridge (Texas, Texas, Whisky)
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To: Sir Napsalot

Divorce and the Great Recession

http://www.pewsocialtrends.org/2012/05/02/divorce-and-the-great-recession/

The recession seems to work both for and against divorce. No clear-cut answer, it seems.


23 posted on 06/19/2012 11:34:14 AM PDT by ilovesarah2012
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To: ilovesarah2012

OK, thanks. I’ll read the article later.


24 posted on 06/19/2012 11:37:32 AM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: ilovesarah2012

Divorce costs waaaay more than staying married. At least if assets and kids are involved.

The coming return of the ‘marriage penalty’ tax could play a role as well.


25 posted on 06/19/2012 11:37:59 AM PDT by TurboZamboni (Looting the future to bribe the present)
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To: PGR88

LOL, great sign.


26 posted on 06/19/2012 11:38:40 AM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: TurboZamboni
I'm right in them middle of the age group. I own a home and have no plans on selling any time soon.
However, keeping my head and finances above water is getting harder and harder. I have cut all non-essential spending and my dollar simply goes nowhere. My "home" is exactly the same as it was in late '08 because I don't have the spending cash and any extra I receive has gone straight into overdue home maintenance.

I loathe the socialists and pray America wakes the hell up and kicks them to the curb.

Pay attention Romney, the annals of history are already calling. All you have to do is kick the government in the balls and get it out of our (The American taxpayer's) way and the history books will regard you highly.
No ammnesty
Slash taxes (more!)
Cut spending
Cut entire federal agenicies
Cut all the red tape and regulations.

This country will explode with productivity.

27 posted on 06/19/2012 11:41:34 AM PDT by Michael Barnes (Obamaa+ Downgrade)
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To: Sir Napsalot

The greater disharmony and friction that can be caused by financial distress is being counterbalanced by the loss of any monetary incentive for women to divorce.

The house isn’t the cash cow it once was. Hubby’s pay is likely either stagnant, greatly reduced or limited to unemployment now.


28 posted on 06/19/2012 11:44:32 AM PDT by RegulatorCountry
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To: TurboZamboni
The losses were mainly due to the drop in the value of their homes during the 2005 through 2010 period

Nope. IMHO it's due to wages that were either frozen or declined starting in about 2007, combined with kids that are becoming teenagers.

As business uncertainty with increasing regulations, changing tax policies, and market forces remain, wage increases have frozen. To avoid outright layoffs, many have taken a pay cut in that time and are now earning less while working at the same job they did 5 years ago.

Teens eat more, food is more expensive. Teens want to do more, entertainment is more expensive. Teens want to earn money, higher minimum wage has resulted in over a 25% teen unemployment rate.

35ish to 45ish families now face the prospects of college educations they can't provide. Weddings they couldn't possibly afford. Retirements they don't expect to see.

THIS is the hope and change we got as socialism was allowed to grow. I hope we never forget that.
29 posted on 06/19/2012 11:45:53 AM PDT by mmichaels1970
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To: Sir Napsalot

I wouldn’t be surprised that the divorce rate will jump (more than recent trend), because of the hard times and general dissatisfication.

_________________

I think more people are staying together. People settle when money is tight. Only a wealthy country can manage high divorce rates.


30 posted on 06/19/2012 11:47:45 AM PDT by Chickensoup (STOP The Great O-ppression)
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To: b4its2late

it assumes that wealthy Obama voters are productive. :(


31 posted on 06/19/2012 11:50:43 AM PDT by JCBreckenridge (Texas, Texas, Whisky)
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To: TurboZamboni

They are also sowing seeds all over the media for Qe3.

BUT, they are doing it with easing CREDIT.

Another banking ploy, vs. outright ownership.


32 posted on 06/19/2012 11:51:54 AM PDT by Varsity Flight (Phony-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: JCBreckenridge

Rich democrats who actually earned their wealth would be as rare as hens’ teeth.


33 posted on 06/19/2012 11:54:17 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: Sir Napsalot

Obama’s constituents aren’t married.


34 posted on 06/19/2012 12:00:35 PM PDT by Gaffer
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To: Michael Barnes

Sounds like me-treading water.

I have low expecatations from Mittens, so if he accomplished one thing he’s running on, I’d be pleasantly surprised.

If Mr. Greenjeans Pawlenty is his VP, expect even higher energy rates. (he loves ethanol and wind)


35 posted on 06/19/2012 12:03:30 PM PDT by TurboZamboni (Looting the future to bribe the present)
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To: GlockThe Vote

Not this one. I’ve seen more of my friends 20 and 30 somethings moving. They’re giving it all they’ve got, it just isn’t enough. And those entry level jobs into big corporations (like the break I got in my twenties) are not there like they were. I honestly don’t know how families are managing.

140 days left.


36 posted on 06/19/2012 12:08:14 PM PDT by SueRae (The Tower of Sauron falls on 11.06.2012)
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To: TurboZamboni
Keep watching.

Often times the administration puts out a news release like this to blunt opposition and criticism of Obama's next round of printing inflationary Monopoly money Quantitative Easing.


37 posted on 06/19/2012 12:15:16 PM PDT by Iron Munro (John Adams: 'Two ways to enslave a country. One is by the sword, the other is by debt')
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To: TurboZamboni

No one told them to buy McMansions with high payments and interest. None of them understood they’d have to pay back all that “free” tuition money. Most of their troubles fall squarely on their own shoulders.


38 posted on 06/19/2012 12:35:42 PM PDT by bgill
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To: TurboZamboni

This is not a surprise.

Crushing the middle class has always been the goal of statists like owebama. They only want two classes - uber rich (kings and queens) and ultra poor (subjects). That is the way they stay in power.

In the old days it was called feudalism.


39 posted on 06/19/2012 1:08:52 PM PDT by 43north (BHO: 50% black, 50% white, 100% RED)
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To: KC_Conspirator

I’m in the latter group. For the most port recent grads can find work, just not the entry level jobs they have degrees for. It is mostly PT or FT work in retail, etc.

It is recoverable, but 2-4 years will be lost in most cases.


40 posted on 06/19/2012 1:27:49 PM PDT by matt04
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