Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

The Millennial Conundrum: Millennials are bogged down by massive student debt and confiscatory housing prices.

Sunday, October 16, 2016 4:33
% of readers think this story is Fact. Add your two cents. / Oct 15, 2016

Millennials are a critical group in terms of where the economy goes in the next few years.  The economy largely relies on younger people to spend and purchase consumption items.  Think of a young couple buying their first home.  That in itself is a big purchase.  Then comes big ticket items like refrigerators, a family car, bed, television, and all the trappings of filling a home.  Baby boomers followed a very clear script when it came to this consumption behavior.  Millennials on the other hand have not.  They are largely constrained by a couple of major things that simply were not tied to the previous generation.  And what could those be?  Millennials are bogged down by student debt and confiscatory housing prices.


Millennials seem to get blamed for a lot in the media.  Yet this just seems to go hand in hand with the typical practice of blaming younger people that has occurred for a centuries.  One of the big challenges Millennials face is that of purchasing a home.  Well how can someone make the biggest purchase of their lives if they don’t have a good paying job or money saved up?

This trend is deeply problematic to the market since housing drives a good portion of GDP.  Many younger Americans are having a tough time paying rising rents and home prices have been inflated by short supply and investor activity.  The end result is a generationally low homeownership rate.


The post The Millennial Conundrum: Millennials are bogged down by massive student debt and confiscatory housing prices. appeared first on Silver For The People.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.