I Smell Pulitzer

The WSJ bravely uncovers the story of Americans who have plunged from the Upper-Middle-Upper Class all the way down to the Middle-Upper-Middle Class.

Indeed, the bank of Mom and Dad is closing at a time when young people are having trouble borrowing from traditional lenders. Some 22% of young people between the ages of 18 and 34 said they’ve been turned down for a mortgage, loan or credit card in the past year, according to a February survey from FindLaw.com, a legal marketing and information site. That’s double the percentage of any other age group in its survey.
As a result, many young people are now moving home to save on rent. About 21% of young adults say they’ve either moved in with a friend or relative, or had a friend or relative move in with them because of the economy, according to a study from the Pew Research Center.

First Haiti, now this! Why God? WHY??

Posted by on April 6th, 2010 at 8:27 am


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