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Obamas’ 8 Yrs to Fix US Economy a Colossal Fail. Current Indicators Pointing Towards a Depression (Video) Michael Snyder

Saturday, November 26, 2016 8:32
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(Before It's News)

 

November 26 2016

 

Most Americans have less than $2k in savings and are living paycheck to paycheck, news that most of us already know and are experiencing. But the Obama administration has been destroying our future by trying to fix the present.

Zero Hedge reports:

More young adults in the U.S. are living with their parents than at any time since around 1940, according to a new Pew Research Center analysis of census data.

Across the European Union’s 28 member nations, nearly half (48.1%) of 18- to 34-year-olds were living with their parents in 2014 ….

Similar long-term trends have been observed elsewhere. Canada’s most recent census, in 2011, found that 42.3% of adults ages 20 to 29 lived in their parents’ homes, up from 32.1% in 1991 and 26.9% in 1981. In Australia, about 29% of 18- to 34-year-olds were living with one or both of their parents (but without a partner or child) in 2011, up from 21% in 1976. And in Japan, the share of 20- to 34-year-olds living with their parents grew from 29.5% in 1980 to 48.9% in 2012.

 

Add the above with the information below and we truly need to tighten out belts.  Michael Snyder describes the indicators pointing to a depression in the video below.


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