People Are
Pessimistic About Their Economic Futures. Can You Blame Them?
https://www.nytimes.com/2023/12/07/opinion/economy-young-voters-inflation-biden.html
Steven Rattner:
The pessimism is easy to understand. Consider one marker of generational progress: moving out. Nearly half of all Americans aged 18-29 live at home with their parents, the highest share since the Great Depression. In recent decades, rents in American cities have far outstripped income growth for young Americans, even those with college degrees.
Those seeking to buy their first home and “climb the property ladder” face the double whammy of high house prices and high mortgage rates, creating a massive affordability problem.
Even more fundamentally, voters — admittedly, not economists — may deserve credit for at least subconsciously comprehending two immense longer-term challenges: lagging productivity and a huge and fast-rising national debt.
https://www.nytimes.com/2023/12/07/opinion/economy-young-voters-inflation-biden.html
Steven Rattner:
The pessimism is easy to understand. Consider one marker of generational progress: moving out. Nearly half of all Americans aged 18-29 live at home with their parents, the highest share since the Great Depression. In recent decades, rents in American cities have far outstripped income growth for young Americans, even those with college degrees.
Those seeking to buy their first home and “climb the property ladder” face the double whammy of high house prices and high mortgage rates, creating a massive affordability problem.
Even more fundamentally, voters — admittedly, not economists — may deserve credit for at least subconsciously comprehending two immense longer-term challenges: lagging productivity and a huge and fast-rising national debt.
The ‘Silent Recession:’ Economists say the economy
is strong, but most Americans feel like they’re living in a downturn
https://www.bankrate.com/banking/savings/americans-experiencing-silent-recession/
https://www.bankrate.com/banking/savings/americans-experiencing-silent-recession/
This Economy Has Bigger Problems Than ‘Bad Vibes’
https://www.nytimes.com/2023/12/11/opinion/economy-biden-vibes.html
https://www.nytimes.com/2023/12/11/opinion/economy-biden-vibes.html
Why buying a house in the US is so hard right now