(PatriotNewsDaily.com) – A new CBS News survey found that the majority of voters under 30 have claimed that purchasing a house, getting a good job, and raising a family is harder now than it was in previous generations.
According to the survey, around 82 percent of registered voters stated that it was harder for them to buy a home than it had been for past generations, similarly, 76 percent argued that raising a family now is harder.
The Federal Reserve’s interest rates are currently at a 23-year high causing further problems and challenges for Americans looking to purchase a house. In the past few months, inflation seems to have plateaued dropping from its peak at 9 percent two years ago. While the decline in inflation has been good, the Federal Reserve has pointed out that the economy is “too hot” and pricing continues climbing fast, making it harder for them to cut rates.
Last month, the mortgage rates topped 7 percent for the first time this year.
The survey found that 70 percent of respondents had claimed that finding a secure, good job with crucial benefits like health insurance is now much harder than it was in the past, despite the strong job numbers. A May jobs report noted that there had been a payroll increase of 272,000 and that wage growth was now going upward for the first time in three months.
Those under the age of 30 argued that the older generations were leaving them to deal with a bad environment, a more dangerous world, and fewer opportunities.
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