How Six Years Of QE Transformed Young Americans Into Socialists

Young Americans are trapped with insurmountable amounts of debt, low-paying gig-economy jobs, and priced out of starter homes, so they have to rent, along with rising expenses that has left the generation broke.”

This helpless generation will be 37% of the electorate in 2020 and more than 75% of the workforce by the mid-2020s, and “socialism” is no longer a word that is frowned upon amongst the group.

Bernanke’s quantitative easing (QE), also known as large-scale asset purchases, inflated asset prices and bailed out baby boomers at the political cost of pricing out millennials from many asset markets, including homes and the stock market. That has since driven wealth inequality across the country to levels never seen before.“