Politicians don’t want the truth, they only their job security and the under the table compensations from the mega corporations that really control our country.
Younger people are putting off marriage, children and buying homes because they lack financial security — unstable jobs and too much student loan debt.
That’s one of the interpretations of a new report from the Census Bureau on Millenials. (1)
In looking at generational change, the report compares 18 to 34-year-olds in 2016 versus 1975. In looking at just the older portion of this group, 25 to 34-year-olds, there are striking differences:
- 1975: 45% lived on their own, were working, had married and had a child.
- 2016: 24% live on their own, are working, have married and have a child.
From the point of view of the economy, the difference is huge. Buying a home drives spending on furniture and appliances, as well as painters and a range of other services. Having children drives demand for larger cars and clothing. Doing neither reduces spending in all of these categories.
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