Fed admits the American people are right: the economy sucks, with 70% of Americans under age 44 now stressed about their economic future. An entire generation is missing their prime building years, stitching together Doordash gigs instead of building a foundation to buy a house, raise a family, even put a little something away retirement. They’ll be eating the consequences for the next 50 years.
Fed admits the American people are right: the economy sucks, with 70% of Americans under age 44 now stressed about their economic future.
An entire generation is missing their prime building years, stitching together Doordash gigs instead of building a foundation to buy a… pic.twitter.com/X2KthcbGxg
— Peter St Onge, Ph.D. (@profstonge) December 14, 2023
- The Ponzi scheme is crumbling. The economy is bad on every metric when looking behind the headline numbers. The real elephant in the room is $34T in debt. That is not sustainable even in the short term. There are only bad options…we are virtually assured that the government will choose the worst of the bad options trying to kick the can. SDS
- New Fed paper admits the “malaise” is real, with 70% of young Americans stressed about their future and the economy. At an age when their parents — even their grandparents — were buying a house, raising a family, and building skills to earn their retirement savings, millions of young people are living hand to mouth. Using their $200,000 degree to cobble together Doordash gigs and Starbucks shifts, complaining that they’ve been sold a bill of goods. – FX Hedge
- “Businesses haven’t even passed all their higher costs on to consumers; if they’re trying to be greedy, they’re doing it all wrong…” – EJ Antoni
