FUBO
The radical boy socialist must go! He’s killing America. To hell with liberals!
And boomers wonder why their kids are struggling.
I remember a discussion I heard on the radio about how these recession years are going to be lost years for people this age. They are the ones who should be acquiring wealth and stability, yet the economy in the past 3 and a half years has sapped both.
The other group that may lost a couple years are the young twenty somthings straight out of school, but that is more recoverable.
“during the recession”
During this CONTINUING Recession.
There is no way Obama can get re-elected with stats like these.
Local and very successful landscape and sprinkler couple in their 30’s told me in 2009 they voted for Mr dope and blame.
Told em at the time your gonna be very sorry.
They are so broke now and they hate this President like no other.
I wouldn’t be surprised that the divorce rate will jump (more than recent trend), because of the hard times and general dissatisfication.
More social issues result from that.
This is too big a loss to be explained by house prices and the stock market. It looks like these households were forced to sell assets and spend capital.
Those who are able to continue saving and investing during this period (2008-12) are still doing at least OK.
“The losses were mainly due to the drop in the value of their homes...”
Oh, that loss doesn’t affect anyone else? Like older folks who may have paid off their home and may need to sell it to live? It’s only a loss if you sell it at a loss, or get foreclosed with a big mortgage.
you don’t need any wealth under socialism - the government takes care of you.
Im in that age group. Lost 25% of my income plus increased gas price and increased food prices. FUBO!
That’s okay - they’re going to vote Obama in 2012 and he’ll fix it. :)
59% is about right. We took a bath in the house market. Ended up shortselling one house, but paid off the other. Couldn’t keep both and not dumping and paying off the other would have caused us to lose our primary home about 6 months ago.
I loathe the socialists and pray America wakes the hell up and kicks them to the curb.
Pay attention Romney, the annals of history are already calling. All you have to do is kick the government in the balls and get it out of our (The American taxpayer's) way and the history books will regard you highly.
No ammnesty
Slash taxes (more!)
Cut spending
Cut entire federal agenicies
Cut all the red tape and regulations.
This country will explode with productivity.
They are also sowing seeds all over the media for Qe3.
BUT, they are doing it with easing CREDIT.
Another banking ploy, vs. outright ownership.
Often times the administration puts out a news release like this to blunt opposition and criticism of Obama's next round of printing inflationary Monopoly money Quantitative Easing.
No one told them to buy McMansions with high payments and interest. None of them understood they’d have to pay back all that “free” tuition money. Most of their troubles fall squarely on their own shoulders.
This is not a surprise.
Crushing the middle class has always been the goal of statists like owebama. They only want two classes - uber rich (kings and queens) and ultra poor (subjects). That is the way they stay in power.
In the old days it was called feudalism.