The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: robert b furman who wrote (3718)	10/24/2019 1:30:49 AM
From: elmatador	Read Replies (1) of 13798

See all these young folks protesting worldwide? It is not economics. It is a sociological phenomenon. Parents who over nurtured them are getting older and are overstretched. For the first time since 1880, one particular way of living is more popular among young adults than any other—living with their parents. 35 years ago we started hearing the Italian word Mammone “mummy’s boy”. Young adults living with their parents. In fact, 66 percent of Italians under 35 – two in three – were yet to leave the parental nest in 2016, according to EU statistics office Eurostat. Youngsters are contemplating the fact that their older folks soon no longer can support the young adults living at home. As the parents got older, the Mammone generation are facing the dire straits of needing higher incomes, getting a house, and paying all the bills. They despaired and went to the streets although using different banners but the fact is they are in trouble.

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