If my previous post about rising interest rates on student loans isn't bad enough, the WSJ also reports that "housing affordability" is at a 14 year low.
Why not at an all time low? Because affordability is affected by interest rates, so the low interest rates today make houses more affordable than they otherwise would be. But if interest rates rise and housing prices don't fall, houses will become even less affordable.
The same article reports that house ownership is at an all time high. Older people without student loan repayments own the homes, while young people with student loans are faced with unaffordable houses, as well as ever rising FICA taxes which represent yet another transfer of money from the young generation to the old generation.
Never in the history of the U.S. has the deck ever been so stacked against the young.