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.