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 – Scandal of Donald Trump Jr’s alleged Russian collusion will force his father to resign, Columbia law professor predicts | The Independent – John Gelmini

As Dr Alf suggests, the plot thickens and the dangerous practice of letting your offspring and son-in-law get involved in official business is beginning to threaten the Trump Presidency which in many ways looks like a dynasty with the “King” at the top, being run by a “Baron”(acting as the real “King”( Jared Kushner), a young “Prince” (Donald Jr) and the “Princess in waiting” (Ivanka), ready to take over the throne, when the “King” has stepped down or gone back to being a television mogul.

No-one in America voted for Kushner, Ivanka or Donald Junior, and no-one could have conceived of the idea of the President living his ambitions for his daughter vicariously into the political process as if he had established a royal dynasty.

Americans probably thought that they had dispensed with this sort of thing in 1776, when they officially broke away from British imperial rule and became a republic but under Donald Trump it has been recreated minus the crowns and court intrigue.

I see a Pence Presidency on the horizon, and a wider Middle East war leading to further trouble, so the good professor from Columbia University may well be right.

Trump’s sons cannot look after the Trump Corporation’s business interests from a prison cell, so the price of that not happening might well be the end of the Trump Presidency, its replacement with a Pence Presidency and the preparation by Trump of Ivanka for the bigger role in 2022 or 4 more years after that.

In this way Trump’s political ambitions can be realised vicariously whilst his desire for self aggrandisement and bombast can manifest itself in new business ventures and opportunities to make television programmes and films.

John Gelmini