Posted on 11/24/2015 11:31:55 AM PST by 2ndDivisionVet
Young people are on track to be poorer than their parents at every stage of their lives, according to a new report.
The study, by the Institute for Fiscal Studies (IFS), added that households actually grew richer during the financial crisis.
But it said that the reason for the growth between 2006-12 was the increase in pension values over the period.
And the slow rate of growth in overall wealth suggested that young people would lag behind earlier generations....
(Excerpt) Read more at bbc.com ...
You can't control independent people.
Exactly why this Obama regime “New Normal” of anemic 2% growth should be treated as completely unacceptable by every American. We can, and will, do better then this.
The Obama experiment has failed completely across the board. Time for the US Voters to correct the errors of 2008 and 2012.
Thanks, 0bama!
The “Transformation” of America in action.
It’s called “Marxism”.
Karl Marx wanted us all to be peasants. So he proposed a system that would destroy the middle class.
Established middle class Marxists are older people who already have theirs.
Their little Marxist kids are now living on the fruits of Communism.
And everyone complains about it, but votes for it anyway. :)
And yet all the youngins will vote Democrat in the hopes of income redistribution instead of income growth.
“Exactly why this Obama regime “New Normal†of anemic 2% growth should be treated as completely unacceptable by every American. We can, and will, do better than this.”
The Hussein Heads I’ve seen lately are all doubling down on hatred of Republicans and anyone who opposes their god, and are angrily denouncing anyone who dares support all those evil state governors who won’t let in all those poor Syrian “refugees”.
I was in a Panera waiting for my salad and heard the 2 young guys behind the counter talking about how they wanted to move to Canada because health care and school are free.
I wanted to ask them if the doctors and hospitals and teachers work for free there.
This will continue until the USA becomes like Zimbabwe. Then the only way will be up....and the politicians will naturally take credit for the improvement.
You're probably just get a blank stare.
Generally speaking, economies don’t do well under a Marxist authoritarian with delusions of grandeur.
But Americans in large numbers voted for him, and not just once, but twice.
My firsts job was with McDonalds at age 14. I got a dollar an hour and I worked every minute I wasn’t in school. I had to haul up 100 lb bags of potatoes from the basement and learn every position in the store.
I graduated from that and became an E-1 in 1968 at a whopping $95.70 per month and left a little over 8 years later with a salary of $597.30/month. I got a job when I got out repairing electronic medical equipment for $150/week and thought I was doing great - CARTER!. So much for that.
Now how exactly is it my kids won’t do as well as I did?
predicted by Ross Perot in 92
Our young are also dumber at every stage of life than their parents, as evidenced by their voting habits and willingness to turn over all their freedoms for socialistic government schemes, despite PILES of evidence that this creates even more poverty and misery.
Sometimes kids just have to learn the hard way.
Maybe they would be willing to work for free.
And wait till they get a load of house prices in Canada.
What they're really saying: they don't want to work, but they want to enjoy the benefits of the system. They want to do their own thing, but have everyone in the background supporting them or simply going along with it.
I hear this kind of talk constantly on the trains to and from work (in Manhattan). Also, a lot of hipster types have moved into my area (Brooklyn). Young people who have a hole in their logic. They seem to miss a fundamental knowledge of government or economy -- somehow, money just falls from the sky. If the minimum wage were raised to $15 an hour, or the 1% paid for everything, then life will be sunshine & unicorns.
Socialist goals. Obama’s dream.
heck, my folks said the same thing about my generation.
Not in the U.S. From '07 to '09 average household net worth fell 23% and has only just recently climbed back. Historically real household U.S. wealth grows at over two percent per year but since '07 it's been a fourth of a percent per year.
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