Friday, September 21, 2012
Economy has bottomed out?
An article in the Tampa Tribune on Friday, 9/21, suggests there are signs the economy has bottomed out. Principle among these is the fact more young people have moved out their parents home in the last quarter. This is taken as a sign of growing confidence in the economy. There is still the lingering unemployment issue (8.1%) and the fact that home ownership in 2011 dropped to 64.6%...the lowest in more than a decade. It is fair to point out the housing recovery that seems to be underway is helping fuel the economy. About 5.6 million Americans ages 25-34 (13.6%) lived with mom and dad which was a decrease from 14.2% the previous year.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment