Re:Young people in U.S. dying at high rates
by hcurtiss on Wednesday November 27, 2019 @03:40PM
(#21651875)
I guess, but every quintile is either improving or staying flat.[1] No quintile is declining. And poverty is declining too.[2] As a society, things are improving, though admittedly faster for some than others.
[1] https://www.advisorperspectives.com/dshort/updates/2019/11/2...
[2] https://www3.nd.edu/~jsulliv4/2017%20Consumption%20Poverty%2...
Re:Young people in U.S. dying at high rates
by dv_dt on Wednesday November 27, 2019 @04:48PM
(#21652482)
Poverty rate has improved in since the recession, but the improvement is to get back to basically the same rate as the 1970s.
Re:Young people in U.S. dying at high rates
by hcurtiss on Wednesday November 27, 2019 @05:38PM
(#21652868)
That's true only if you don't account for transfer payments (e.g., food stamps, state health care, etc.). I would refer you again to the second document I linked above.
Re:Young people in U.S. dying at high rates
by dv_dt on Wednesday November 27, 2019 @07:22PM
(#21653596)
That document claims that accounting for transfers not in income (eg. SNAP payments) are a better measure of "consumption poverty rate", yet food insecurity rates are barely returning to 1995 levels. So to me it's really not clear that this other "consumption poverty rate" is an improved measure.
https://www.ers.usda.gov/topics/food-nutrition-assistance/fo...
Re:Young people in U.S. dying at high rates
by efa on Wednesday November 27, 2019 @03:16PM
(#21651630)
Young people with college degrees and debt will never own a car, never have a family? This seems like a gross exaggeration. I know many people with student debt and they all manage to have a car and relationships/families.
Re:Young people in U.S. dying at high rates
by FussyZeus on Wednesday November 27, 2019 @04:51PM
(#21652501)
It's not impossible but it shouldn't be this fuckin hard. I'm struggling personally in an in-demand industry with a competitive job, and I don't even have children. I own a home but it's in no small part thanks to family helping me out.
Re:Young people in U.S. dying at high rates
by throwaway_tech on Wednesday November 27, 2019 @04:06PM
(#21652139)
>I know many people with student debt and they all manage to have a car and relationships/families.
How many have defaulted on their loans? Again 1M default every year...how many do you know?
Home ownership, car ownership and marriage are all down with this demographic and millennials overall.
Not sure there has ever been a time so many people are in debt with no possibility of being able to repay. Consider 1M student loans go into default every year. That's 1M a year, mostly young people, who will have these loan debts for the rest of their lives with no way out.
That's just 1 area of debt to highlight, but more of these young people will never buy a house, probably not own a car, likely not have families, and die younger than their parents.
To tell these people there has literally never been a better time to be alive is an insult, any time in history was relatively good so long as you had wealth, the same is true today.