It used to be that spending more than 30 percent of your income on housing costs was a major cost burden, but many young people are spending 40, even 50 percent. Housing price and rents both have tripled, way faster than income.
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We're heading into a crisis. It's got to be a critical question for public policy.Bruce Nissen
The job market is expanding but 80 percent of these new jobs don't require a college degree. So your choices are working at either Burger King or Wal-Mart where, obviously, the pay is not good.
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Our strength (in Florida) is job creation, and our weakness is the quality of those jobs. It's nice that (high-tech) is growing, but it's not nearly as significant as they'd like you to believe.
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Our economy was expanding, we were growing jobs and we could absorb shocks like this. It's not the massive impact people thought in the first place. It's actually a relatively small bump in the road.
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