Tuesday, March 26, 2024

Young Americans Will Never Own Homes Thanks To Wall Street And The Federal Reserve

 Young Americans will never own homes thanks to Wall Street and the Federal Reserve.

A typical buyer paid just under $1,100 a month for a mortgage with 10 percent down - today, that average has ballooned to $2,200 a month, which is well above the 30 percent of median income that was once thought to constitute an "Affordable" housing cost in America.

Welcome to third-world America, compliments of Wall Street and the private central banking cartel known as the Federal Reserve.

This creates an inflationary trend that benefits Wall Street but not Main Street, the latter being the bread and butter of what makes up a true economy.

When you pull back the curtain, you find that many Americans are up to their eyeballs in debt, and even corporate America is seeing major delinquencies at an ever-increasing rate.

Challenger, Gray & Christmas found that companies planned a whopping 84,638 job cuts in February, a three percent increase from the month prior and a nine percent increase from the same time last year.

What does the next generation of Americans have to look forward to? Not much. 

https://www.naturalnews.com/2024-03-25-young-americans-wont-own-homes-wall-street-fed.html

No comments:

Post a Comment

Did the Draconian Lockdowns Kill More People than Covid-19?

 The negative impacts and consequences of lockdown measures imposed during the Covid-19 pandemic. It suggests that these lockdowns may have ...