Fox News – “ominous Great Depression warning”
by IWB
Fox Business is
reporting that economic conditions are much worse than you are being
told. Unfortunately, this is the conclusion when you have ZERO understanding
of the historical trends and economic conditions. It is true that the
shortages of COVID have caused prices to rise faster than economic
growth and most incomes. Therefore, they conclude that our standard of
living has been rapidly declining. The number reveals
that more than one-third of all U.S. young adults are being supported in
part by their parents. Thanks to COVID, this disrupted society far
greater than anyone is reporting. In addition to the shortages because
of the lockdowns, by the end of 2020, more than half of young adults in America were living with one or both parents. That statistic actually exceeded the record high of the Great Depression.
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