OUR TIME DAILY TRANSLATION
We've heard you say it many times: "Politics is like a foreign language." Well, we agree.
Each week, we summarize, simplify, and interpret different major news stories and how they affect our generation. We'll give you our take, and you can decide for yourself.
Commitment Phobia
THE FACTS
The high unemployment rate, low median first-job salary, and high rate of temporary jobs all contribute to a touch economic environment for young adults.
Due to these factors, young adults are shying away from buying property, opting to rent instead.
The renting trend isn’t limited to property- the clothing, furniture, and many more industries are offering items on a temporary basis.
WHY WE CARE
While renting may save money in the short term, buying a home leads to greater opportunities to accumulate wealth and have a better lifestyle
When young Americans can’t afford to buy, qualify for a loan, or count on being in the same job for more than a few months, they don’t have a choice but to rent.
OUR TIME OPINION
Young Americans are in bad shape, and the only way to improve our situation is if we can find jobs! To help create jobs for young Americans, sign our One Million New Jobs petition atwww.ourtime.org!
