Democrat Policies are forcing Young Couples back home with Mom and Dad

Posted by PITHOCRATES - December 28th, 2013

Week in Review

Since the Keynesians took over government we said goodbye to the classical economics that made America the number one economic power in the world.  Free market capitalism.  Based on a strong banking system.  And a sound currency.  People saved as much as they could.  Banks converted their savings into investment capital.  And investors and entrepreneurs built the world’s number one economy.  Because people worked hard and saved for their future.  While raising their families.  In their houses.  Without Mommy and Daddy helping them.  Unlike people do today (see Young Couples Moving Back Home To Save Money For Baby posted 12/22/2013 on CBS Miami).

“Young couples, when they have a child or when they’re planning to have a child, are moving back in with their parents,” said Carmen Wong Ulrich, BabyCenter Financial expert,. “Ten percent of young women are staying, living at home with their parents to save money to have children. This is a new trend.”

Alexis Kort, her husband Josh and their baby Charlotte moved in with Alexis’ parents when they relocated to their hometown.

“You don’t necessarily think about it before you have a kid and then all of a sudden you’re like ‘Wait a second, how do we make this work financially?’,” said Kort…

This trend extends beyond housing. A survey found that nearly 30 percent of new parents get financial assistance from their parents. Ulrich points out that parents who support their children who have children have less time to save for their retirement.

“Supporting grown children is a strain and it can be a strain on your own financial future,” said Ulrich.

You can blame the Democrats for this.  They’re all Keynesians.  And believe in printing (and devaluing) money to keep interest rates artificially low.  So low that you actually lose money now if you put it into a savings account.  So people spend it before it loses its purchasing power.

And Keynesians believe in government spending.  To stimulate the economy.  Which they pay for with taxes.  Lots of taxes.  Between the devaluation of the dollar (which raises prices) and the rising tax bite there’s less money to save.  And with the Keynesians pushing for more consumption and less savings (to stimulate the economy) kids aren’t saving.  They’re spending.  Living in the now.  Without a care in the world about tomorrow.  Which is why kids today are moving back in with their parents.  Because they’d rather pay a cellular bill the size of a car payment than save for their future.

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