Opinion – More U.S. households are renting than at any point in 50 years | Pew Research Center

According to latest data from Pew Research, the number of U.S. households renting their home increased significantly between 2006 and 2016, as did the share.

Source: More U.S. households are renting than at any point in 50 years | Pew Research Center

Given the financial collapse of 2008 and the weakened position of the American working and middle classes, the data is not really surprising. For a long time, America rewarded hard work and education with social mobility, higher incomes and ultimately wealth. But since 2008, the American Dream has lost its attraction. For the less advantaged, there are no magic doors for work placement and education debts are deeply threatening against uncertain job prospects.

It’s no surprise that there is a strong correlation between those who suffered most in the 2008 financial collapse and the increase in renting. Since 2008, America has become an even more divided country. But for many of Trumps working class voters, down on their luck, matters are likely to get much worse under Trump’s presidency. Tragically, there’s a third correlation, with opioid abuse on the rise and a major cause of death for the under fifties in the US.

But as my fellow blogger, John Gelmini and I have commented many time, there are still opportunities for today’s millennials. People need to choose ‘smart futures’ that play to their relative strengths, with least risk from advancing technology. There are no silver bullets but taking stock is a start and finding a mentor could well be beneficial. Self-help or self improvement are the best way forward, like for example, ‘the Twelve-step program‘. Ultimately, to beat poverty, obesity, or dependency on alcohol or drugs takes inner strength and self-help.

So let me ask an open question:

So how should we choose a ‘smart future’?

Thoughts?

 

Opinion – Britain: back to being the sick man of Europe? – the Economist

Prime Minister Winston Churchill gives the &qu...

Prime Minister Winston Churchill gives the “Victory” sign to crowds in London on Victory in Europe Day. (Photo credit: Wikipedia)

Here’s a must-read and deeply alarming article from the Economist. It looks at the likelihood of Britain again becoming the sick man of Europe.

Source: Britain: back to being the sick man of Europe?

The scenario is chilling, bringing on the terrible twins, namely the economic implosion of the UK and Corbyn‘s Marxist state.

Conservatives are like lemmings going to slaughter. Sure, conservatism is about ‘tradition’ but not trying to recreate the past which is history. Whether it’s nationalism, xenophobia or simply creating a new wild-west for hedgefunds and newspaper owners is secondary to avoiding he imminent national disaster. The UK’s heading for a national train crash and we need to mount a rescue team, now.

I remember the UK in the seventies, with the three-day week, power outages and the 1972 miners’ strike. I was a young man and went to work overseas. Are today’s British young are ready to go overseas? I fear that too many are listening to the ‘Pied Piper of Islington‘.

Are there no young, telegenic conservative MPs that still believe in public service, people who are prepared to put their career on the line defending convictions? Don’t the Conservatives have a John McCain?

[See the ‘The absolutely remarkable life of John McCain – Chris Cillizza, CNN Editor-at-large – CNNPolitics.com‘, following disclosure of his brain cancer]

Please, is there a doctor in the ‘House’?