[QUOTE=CaramonLS;3319715]Bah, rants of lame old men around here.
I'll talk about one reason specifically why the younger generation is pissed off and should be upset about the way things are going:
Entry level salaries for University grads are not rising proportionately to cost of living, while CEO's salaries are increasing exponentially.
Since 2008 American net incomes have gone down 10% so the average American consumer has 90% of the purchasing power that they had in 2008. Souce : Anthony Scaramucci. In a consumption based economy this really hurts and consumers consuming makes up 75% of the US economy. Here in Canada consumer debt is at an all-time high $1.5 trillion more than Canada's annual gross domestic product. Debt to income ratio in Canada was 116% in 2005 and this year reached 150%. Source : Statistics Canada. Consumers ability to pay back debt is not rising at a sustainable rate.
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