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Tag Archives: Millennials
If anything defined the postwar economy between 1946 and 1999, it was the exodus of the middle class from cities to suburbs and the glorification of what Jim Kunstler calls Happy Motoring: freeways, cars and trucks, ten lanes of private … Continue reading
Let’s start with the sobering reality that the Millennial generation faces economic challenges that are unique to this era: sky-high student loan debt, soaring costs for basics such as rent and healthcare, a stagnant neofeudal crony-cartel economy and an intellectually … Continue reading
Workers of all ages are caught in a vise. Older workers need to keep working longer in an economy which values younger workers (and their cheaper healthcare premiums). Younger workers are caught in the vice of “you don’t have enough … Continue reading
Those who see the current era as the New Normal also have one logical action: sell now at the top and wait for the smoke to clear in 2016. In The Generational Short: Banks, Wall Street, Housing and Luxury Retail Are … Continue reading
If Gen-Y cannot afford to buy Boomers’ houses at bubble-level prices, then what will keep housing prices at these elevated levels? Mish recently posted excerpts of a Brookings Institution study on changing generational values: How Millennials Could Upend Wall Street and … Continue reading