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re: More Young People Living With Their Parents Than In The Great Depression, Report Says

Posted on 9/4/20 at 7:17 pm to
Posted by fallguy_1978
Best States #50
Member since Feb 2018
49023 posts
Posted on 9/4/20 at 7:17 pm to
quote:

Baby boomers continue to run the economy and country in the ground for younger generations

The economy was doing fine until the world shut down over this stupid corona virus.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43311 posts
Posted on 9/6/20 at 6:59 am to
quote:

The economy was doing fine until the world shut down over this stupid corona virus.


Stock markets looked great


Markets and GDP do not do a good job of representing what life looks like for the average American. 45% of Americans do not own any stocks, and of those that do, the top 1% owns 50% of them. Markets have become detached from our true economy since companies hauled so many jobs overseas. All of the profits from increases in productivity and efficiency of corporations have gone to the top 1%. Meanwhile for the average Joe, wages have been stagnant, costs of living and college tuition have skyrocketed.

No, America was already sick before the pandemic. The virus and subsequent shutdowns exposed & exacerbated the festering issues we have going on.
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