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Purchasing Power Sits Idle in the Basement
Economy and Markets ^
| July 29th, 2014
| Rodney Johnson
Posted on 07/30/2014 2:30:38 PM PDT by SovereignSociety
Studying and understanding demographic trends is critical when predicting generational spending patterns and long-term economic trends in our economy and markets.
The Pew Research Center estimates that in 2012, 57 million Americans lived in multi-generational households, which is defined as two or more adult generations under the same roof. This is more than twice the number of people in such arrangements in 1980.
To be clear, no one thinks theres a rush to bring the aging parents of boomers back into the family home.
This is all about the kids who, at this point, have finished their education but have yet to move out (whether by choice or circumstance)
or have moved back with their parents, new families in tow, because of unemployment or financial troubles.
There are a million jokes and humorous stories about kids that wont leave, even a movie (Failure to Launch, 2006), but for those of us with kids in college, this is not a laughing matter.
What if they never leave?
This question goes well beyond my fears of seeing more cars in the driveway and dishes in the sink. Its at the heart of our nations ability to grow.
(Excerpt) Read more at economyandmarkets.com ...
TOPICS: Business/Economy; Culture/Society; FReeper Editorial
KEYWORDS: debt; millenials; studentloans
To: SovereignSociety
Everyone is waiting tor the next presidential election. There will be Zero changes till then.
2
posted on
07/30/2014 2:34:49 PM PDT
by
wrench
To: wrench
Bingo.
And if the Democrats win again... I don’t even want to imagine what the future of the country looks like.
3
posted on
07/30/2014 2:36:37 PM PDT
by
Boogieman
To: wrench
I agree. Everyone is in hunker down mode until then.
4
posted on
07/30/2014 2:37:12 PM PDT
by
Valpal1
(If the police can t solve a problem with violence, they ll find a way to fix it with brute force)
To: SovereignSociety
What if they never leave? Remind the vermin of the Ten Commandments.
Sell the house, move into seniors only apt.
Salt the earth around them.
To: SovereignSociety
Shut down the remainder of the factories, if there are any of them continuing to run. For the fight in general and for your property values, make sure that every county in the country has zoning laws against manufacturing or building anything. Put more effort into politics, while you still have all of the political influence.
[Little irony and sarcasm there.]
Heavy Hitters: Top All-Time Donors, 1989-2014http://www.opensecrets.org/orgs/list.phpAmerican Fedn of State, County & Municipal Employees $60,949,129 [Democrat] 81% [Republican] 1%National Cmte to Preserve Social Security & Medicare $10,414,606 [Democrat] 82% [Republican] 17%
Leviathan (Uncle Sam employs more people than you think) National Review ^ | 02/03/2011 | Iain Murray
"
...nearly 40 million Americans employed in some way by government."
About "
70 million" people are receiving good incomes but are also steeped in debt, and most of them can't borrow more for big ticket items. Meanwhile,...
More Than 101 Million Working Age Americans Do Not Have A Jobhttp://www.freerepublic.com/focus/f-bloggers/3005481/posts
6
posted on
07/30/2014 4:34:02 PM PDT
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: SovereignSociety
"Purchasing Power Sits Idle in the Basement"
There's no purchasing power there. Most adult Americans now have no purchasing power. You're running on debt fumes, and even those will stop soon enough. This decline was started by man-hating, misogamy (family-hating) and now general misanthropy. Have fun. Enjoy the slide.
7
posted on
07/30/2014 4:46:59 PM PDT
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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