Here are the fruits of incentivizing massive college debts, keeping young adults on mom & dad’s health insurance, and inflating housing prices:
Last week, an annual Census Bureau survey showed that the U.S. added just 476,000 households in the year ended in March, compared with an average of 1.3 million in each of the prior two years.
The Census releases a separate quarterly survey that also provides household formation figures, though economists say the annual survey is a better gauge of household formation. The quarterly survey has also shown weak household formation—around 650,000 new households—for the same period measured by the annual survey that runs from March to March.
Either way, for the most recent year, both surveys “show disturbingly slow growth,” said Thomas Lawler, an independent housing economist in Leesburg, Va.
And yet the GOP has pretty much given up on marketing to these poor kids who aren’t really kids anymore.