The corrupt in Government and Communist government schools are directly to blame.
Open violent borders, 37 trillion in debt, wars costing many trillions where we win nothing but debt and death, people can't afford a home with two incomes, trade deals only our enemies love, wide spread government corruption in D.C., down through the local levels, and then government sponsored inflation where millions are taking a huge hit, food jumping 40 percent in 4 years, on and on.
They've screwed this country over bad.
In essence, during the ongoing industrial/digital revolution, all conditions are time-limited.
The author is correct in his claim the past 60 years has been living in an illusion. This was the time of the Mediacracy, when the old dominant media created a series of narrative lies to control the political process and power of the United States.
Those lies are being exposed because of the creation and growth of alternative media. We now live in an age of fractured, partisan media, where, with some effort, you can discover considerable truth.
I wonder what that rate was for the “generations” before the boomers came on the scene. And 1950 home owners were NOT boomers. They were barely 5 years old at the time.
In ten years there will be a housing glut. Probably sooner.
They were veterans. VA home loans. GI Bill.
They were also children of the Depression, not of recent decades.
Globalism didn’t “kick in”. It was a planned rape of the US economy,.
I am a Baby Boomer and I don’t have a lot of respect for my generation as a whole. A lot of Baby Boomers seem to not realize that they were born at a really perfect time. Economic prosperity would never be easier to attain. Societal changes made everything fun — sexual revolution! Yee haa! Hippies! Disco! Yuppies! Lots of good times. Just about everyone gets a house! Lots of people get pensions!!
Yes, people worked hard. Yes, not everyone achieved a life of prosperity. Not everyone partied. But the Baby Boom was the luckiest time in human history.
I think the least that older people can do is at least acknowledge that they were born at a fortunate time. Younger people today are growing up in a very different world. They aren’t lazy — they’re screwed. They will own nothing and they will be happy(?). The game is rigged against them and they know it. The American Dream isn’t there for most of them and they don’t see why they ought to be wage slaves for a system that still favors people born in 1950.
Churn. In 1950, many if not most adults worked at one job and lived nearby in that town for their entire career. Now people jump from job to job, change careers, have their jobs outsourced or employer goes bankrupt / sells off to another corporation. People now have to be more flexible in their living arrangements to go where the work is, so renting makes sense for them.
The USA babies being born in 2025 are about 50% white and will grow up to be at least 60% Democrat.
For reasons unknown, the Republican Party has supported massive LEGAL immigration for the last 50 years.
...the ponzi scheme will crash once THIS gen. of crooks have lived the good-life off their corrupt bounty...and they know it...the "policy-makers" borrowed and stole...knowing full well the house built on a foundation of monopoly money will fall...so long as it didn't fall while they were enjoying the fruits of their fraud...they didn't/don't give 2-fx. Yeah, they threw a few peanuts to the serfs, but only so the (otherwise) angered/rioting masses wouldn't ruin their party...
The cradle will fall and this (latest) version of empire will crash.
...so it was written, so it shall be done.
“””” in 1950, over half of 30-year-olds were married homeowners. By 2025, some analysts project that number as low as 13%.””””
So what was it in 1980 to 1990 which would be the range for most boomers?
Couldn't the same thing be said about the "boomers" of the 1880s who thrived during Reconstruction, only to see their children have to adapt to the changes in goverment from the 1913 Constitutional amendments, followed by their grandchildren suffering through the Great Depression?
-PJ
In 1950, 36% of American homes lacked full plumbing, outhouses were common, which flies in the face of perceptions of 1950 America.
In 1950 the average family income was $3,300.
My brother used to say, if you don't own a house by 30 you're a loser.
My first mortgage in the 1980s had a percentage rate in the teens. I think the upper teens.
bump for later
And, in my mind, the key word to the whole article is found in this phrase. And that key word is "married".
The Boomers will leave most of their wealth to their heirs. It doesn’t die with them, much.