Can they really afford to set up a separate residence or have the money for a down payment on a home? You see lots of electronic toys and late model luxury cars in many our poorest urban neighborhoods. Do they really represent wealth or just to create the appearance of wealth?
The reality is that we have huge numbers of unemployed young people. The supply of potential workers is enormous: 8.7 million native college graduates are not working, as are 17 million with some college, and 25.3 million with no more than a high school education. If you want to read an excellent article on youth unemployment, read this interview from PBS of all places. For me, the signs are very disturbing. We are creating a permanent underclass and our cities and suburbs are just time bombs waiting to explode.
Can they really afford to set up a separate residence or have the money for a down payment on a home?
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There’s another option: share a place with others if you can make your portion of the rent. Our sons did just that until they could afford to rent their own place. Of course they didn’t drive expensive cars or enjoy any luxuries.
But I agree with you that the employment situation in this country is very disturbing and has at times presented a challenge for our sons. Its a very serious national problem, no doubt about it.