Here is a sobering fact about Millennials, the largest cohort behind baby boomers: half of Millennials are living at home with their parents. Another 28 million Millennials are not in school and are working in jobs that pay $10,000 a year or less: Half of Millennials live at home with parents: The economy still feels like it is in a deep recession for millions of Millennials. [1] And this group is supposedly the group that is going to relaunch the American economy.
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Items from the Economics Team:
Rick Rule, Doug Casey: “Severe But Survivable” Reckoning Ahead For The U.S. [2] (Sprott Global)
Greece’s Debt Crisis Explained [3] (New York Times)
IMF Gives Strong Signs of Reserve Currency Nod to China’s Yuan [4] (Bloomberg Business)
Super Yacht Getaway Subs and Luxury Bomb Shelters: The Elite are the Most Paranoid Among Preppers [5] (The Economic Collapse Blog) Hint: Makes the rest of us look tame by comparison!
Tips to Save Money on Your Energy Bill [6] (My Energy)
The ABCs of Frugality [7] (The Dollar Stretcher)
How Much Money Does Illinois Have? We Still Don’t Know! [8] (Huff Post Chicago) Hint: Illinois has not yet filed an annual financial report for
Chinese All Cash Buyers of U.S. Homes Have Tripled Since 2005 [9] (Market Watch)