'Disenfranchised' millennials feel 'locked out' of the housing market and it taints every part of economic life, top economist Mark Zandi says
'Disenfranchised' millennials feel 'locked out' of the housing market and it taints every part of economic life, top economist Mark Zandi says
“If they feel like they're locked out of owning a home it colors their perceptions about everything else going on in their financial lives,” Zandi says.
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paywalled
The irony
A failure to address the affordability crisis plaguing housing in the U.S. will mean young people, who “already feel disenfranchised,” according to Zandi, will lose faith in the economy and take their frustrations out on President Joe Biden come election day.
It's maddening, this constant assumption that Biden wants to win the votes of the masses. He has delivered his true constituents a feast of war and austerity. What's left of Biden will die satisfied that he lived to serve his class.
For sure, the interest Biden represents are those of the ruling class. Unfortunately, most people in US don't understand that they live in class society.
Works for me, but I dont have JavaScript