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The Vanishing American Dream: Why Young Adults Can't Afford Homes, Families, Or Stability
['Tyler Durden']
ZeroHedge News
Authored by Lau Vegys via Doug Casey's International Man,The American Dream has become prohibitively expensive, with home affordability at historic lows and the traditional middle-class lifestyle now out of reach for most ordinary people.
In 1950, more than half of 30-year-olds had achieved what most would consider the basic markers of adult stability: marriage and homeownership.
We could, of course, blame this on changing cultural preferences—young people choosing career over family, prioritizing experiences over stability.
The situation gets worse when you factor in the debt burden crushing young adults.
Average student debt more than doubled from $17,297 to $37,850 between 2006 and 2024 alone (with total outstanding student debt exploding from $500 billion to $1.8 trillion).