The young are being plundered to support the old. Yet, the young are suffering the worst economic ravages in American history as a result of the nasty economy. America is headed down the road to a generational war.
This recession has been unmercifully brutal on younger Americans. Many are entering the most difficult employment market in generations with a flood of low wage jobs saddled with record levels of student debt. Many have never even witnessed how it is to live in a bull stock market. Of course this is assuming they had money to invest since 37 percent have no net worth or even worse, a negative net worth. This recession has been particularly tough for younger Americans. Adjusting for inflation, those under 35 are worse off today financially than those in 1984..
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My Budget 360