Feudalism Is Back

Home ownership in the U.S. continues to remain out of reach for many people. The home ownership rate for American households now stands at only 62.9 percent, down from a high of 69.7 percent. The rate is the lowest it’s been since the Census Bureau started tracking it in 1965.

Meanwhile, about a third of millennials are still living with their parents.

Financial independence for a majority of our fellow citizens is more illusive than at any time in my lifetime. We are becoming a nation of haves and have-nots. That is truly disturbing for some of us.

(Attribution: The title of this post is attributed to Sven Henrich, who labeled his tweet of this chart as such.)

P.S. A couple other disturbing charts I ran across this morning.

 

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