FReepers can be a negative lot. I see the positive in this country and the great opportunities.
My first job I earned $3.35 per hour. Today I have accumulated more wealth than I could have ever imagined. I’m not buying a private jet, but I’m doing pretty good. I attribute it to hard work, some luck and the opportunities America provides.
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The job market for young people is currently phenomenal.(Actually for anybody that wants to work, not just youngsters)
Things like rent, mortgages, tuition,insurance etc, are high but not high enough to stymie the electric labor markets IMO.
Look at the following chart :
Notice that when we got out of the only other time our national debt exceeded GDP was when we were at peak manufacturing capacity and energy production for the entire world, we did not have fiat currency, an population of 150 million of which the majority were at working age.
Even though our GDP is almost 10x greater than it was the last time our national debt exceeded 100% of GDP (and that was due to WWII), our population is 2x more than it was then, while our manufacturing capabilities are only a shadow of what is was then, with a much older population.
I don't see how this is anything but dire for the outlook of our nation.