Majority of Young Adults Live w/ Parents as Economy Fails Them

It's a K-shaped recovery like 2008. More concentration of wealth at the top, more people fall into poverty and the poorest get hit the hardest. Most 18-25 year olds are living with their parents for the first time since the Great Depression.

Worries grow over a K-shaped economic recovery that favors the wealthy - CNBC

95% Of Income Gains Since 2009 Went To The Top 1% — Business Insider

During Obama's Presidency Wealth Inequality has Increased and Poverty Levels are Higher

Meanwhile the Fed continues to pump money into the market, inflating bubbles and increasing inflation to a projected 5%.

Federal Reserve's $3 trillion virus rescue inflates market bubbles - Reuters

 

The economy has not failed these young people living with their parents. They have failed themselves, i.e., failed to get a meaningful skill or education. I had some plumbing work done last week and the plumber was in the age group described. as was his helper. They appeared to be making good money, i.e., booked weeks in advance, driving new van etc. Try to get a electrical work done or a well drilled, etc. - the people that do this stuff are turning work away. Apparently a lot of young people bought into the lie the the path to success was to take out a huge college loan and then get a worthless degree.

 

Yeah, that Masters in 10th century Slobovian poetry will really take you places.

 

And Dirty Donald, who had his complete line of clothes and ties and his daughter Ivanka her line of jewelry and shoes, ALL MADE IN CHINA suddenly has a problem with that. Classic, DON"T DO AS I DO, DO AS I SAY.

 

Majority of Young Adults Live w/ Parents as Economy Fails Them

They or their parents failed, it was not the economy.

 

Yes, there's been numerous other threads about this.

It's been the younger generation that has been hit with the brunt of it, since they have not gotten their foot on the career ladder yet. And then trying to move out with the sky high cost of rent.

http://www.politicalforum.com/index.php?threads/young-adults-still-not-buying-houses.539474/

http://www.politicalforum.com/index...o-job-living-at-home-with-mom-and-dad.509244/

http://www.politicalforum.com/index...f-affordable-housing-for-young-adults.508032/

http://www.politicalforum.com/index...or-young-american-workers-remains-low.524037/

http://www.politicalforum.com/index...americans-forced-into-the-gig-economy.514542/

http://www.politicalforum.com/index.php?threads/lack-of-job-opportunity-for-young-adults.247955/

 

Perhaps if the Dems had nominated Bernie he would have defeated Trump.

This sort of inequity has been standard fare for decades, and since Occupy Wall Street, it has become only worse.

 

And you should know what happens if we all become plumbers! Lol. They will be a dime a dozen and no one can survive in plumbing.

It is not so so simple as some try to make it.

 

It really is simpler than people make it. It is possible to get a skill that someone will pay for. That skill does not have to be in a white collar field. Plumbing was just an example, not a suggested end all and be all job. There are many jobs in demand. For, example, today I will make yet another attempt, probably futile, to find an available well driller. Had a guy come out a give me an estimate the other day, but then he called me back a few days later and said he was just too busy to schedule any more work.

 

The numbers don't add up, way too many people for the number of jobs out there. Even worse, the blue collar economy is going to be crippled for years. For those guys, the economy is already in a depression.

The way out of this borrows a lot from FDR programs like the WPA. More funding for higher education, but just for STEM careers. (That also takes kids out of the job market for a while) More funding for secondary education to avoid the declines in education we've seen in previous economic hard times. And R&D money to develop new products and industries.

 

Hmm, but you're not asking what the cause of this inequality was.

You are simply making the assumption that if there is a politician who is against inequality, that will be the way to make the problem go away.

Maybe we should look at how national trade and immigration policies have been affecting younger people?

I mean, it's not as if any of these housing units young people can't afford are sitting empty.
Nor are the type of jobs teens once did a generation ago going unfilled...

 

Wasn't it Democrats who jumped onboard the same bandwagon with Republicans in the 90s and said we'd solve the problem by sending everyone to college?

And then immigrants would fill all those other jobs everyone else didn't want to do, or so the theory went...

 

They have no skills, let alone work ethic. A generation that hates to read or work hard with astronomically high levels of self-esteem who idolize people like Nikki Minaje. They have been failed by their parents and the lib education system who told them they were kings and princesses who would all go to college and have the world handed to them. News flash, most people don't have University degrees... What now? Blame whitey and the free markets...

 

I never recalled any Dems saying that. In fact, I don't recall that idea being promoted at all.

Trump would have far more likely defeated Bernie. Sanders had the best ideas but has very poor "optics" stubbornly calling himself a "socialist" even though he's really never been one.

 

Get offa my lawn

 

Hmm... so open the economy. And get back to <4% unemployment. See, simple things make life so grand...

 

We need ideas that have a prayer of actually working...

 

Yeah, I don't remember that.

That sounds vaguely like thinking in the 70s and earlier, but it's hard to tell from what you said.

 

Like what? Nationalize all industry and destroy all hope?

 

The same was said about millennials. "Free markets" lol.

Joe Biden's Role in Creating the Student Debt Crisis Stretches Back to the 1970s

Millennials earn 20% less than boomers—despite being better educated - CNBC

Millennials Are Actually Workaholics, According to Research

 

The blue collar economy is not in any depression 'everywhere'. Perhaps in limited areas, but right now, construction, remodeling, HVAC, plumbers and electricians are in high demand around here.

When jobs are tight, perhaps the unemployed should consider doing anything/everything that is available. Sort of like what people have done in the past. I'm acquainted with an attorney, while in law school, tossed pizzas. We've had an intern here (paid) doing clerical work while going to school for engineering and holding another part time job working on a production line.

Education is all fine and good for some, but to lock one's self into a particular career and not willing to accept that life happens, is no one's fault but the person themselves.

 

Him and an army of Republicans.

But the worst of it, like the Bankruptcy Reform Act, was a Republican move that made life easier for business, and savaged the little guy.

I wasn't born yesterday.

GMAFMB
give me a f***ing million breaks.

 

Still way too many chasing too few jobs...

 

We are in desperate need of employees, as are a large number of employers in this area. I am sure we are not the only area, either.

As I previously said, if a job is not available in one's chosen field, do they continue to not work, or do they do what is necessary to support themselves?

 

I agree with those who said the youngsters failed themselves. But I also question the word majority in the title. I don't believe that. Bad post all the way around.