Desperate bankers are attacking millennials with ever more frequency. They are doing so to get them to move out of the houses of their parents. Bankers cannot make real money unless they lend on houses. Millennials, or at least a large percentage of them, do not show an interest in home ownership at all.
If this continues, eventually bankers will have to get real jobs. And they don't like that scenario at all.
Here are just a few of the titles that have been recently seen on the major online portals regarding millennials:
1. From the Globe and Mail in Canada comes this heading: Millennials' Lack of Debt May Be a Sign of Trouble (Lack of debt means millennials are failing in Canada, but the country is now in recession, so it must have been a sign of trouble. Generally speaking, lack of debt is a good thing. At least that is what Will Rogers said.)
2. Money has the article title:
10 Things Millennials Won't Spend Money On (Of course a home is one of those 10 things.)
3. Forbes says: More Millennials Are Living at Home Than Ever Before (Bankers are waking up to the terrible fact that it wasn't lack of a job that mattered to millennials. They now have more jobs and are still living at home. Banker panic ensues!)
4. Channel 19 of Cleveland gets into the act: Renting: the New American Dream? (Bankers are hoping that millennials, 3/4th of whom say they will buy houses within five years, will live up to that poll and not back down. Bankers are scared out of their wits that the millennials will just keep renting.)
5. Business Insider weighs in with: Blackstone: There Is a Hidden Crisis in America That No One Is Talking About (Of course, Millennials may be saving, at the bank, but they know markets crash and don't care what Blackstone says about filling up their 401k's.)
6. Fox Business News asks: What Happens If Millennials Never Enter the housing market? (Fox only partly blames the millennials. It also puts blame on the fact that credit is not wide enough nor deep enough. I guess that means there is not enough easy money. Why don't they say that? Makes you wonder. They must not want to tip off the millennials when credit becomes wide and deep, lol.)
