Boomerang Babies: Record Numbers of Young Adults Live with Parents at Terrible Cost

[Divernan]

5. Obama's vaunted job creation mostly low-wage, dead-end jobs. Want fries w/that?

Last edited Tue Aug 6, 2013, 11:35 AM - Edit history (1)

"Men suffered the biggest job losses in the financial crisis, but they also gained the most post-recession jobs." In other words, "post-recession jobs" translate into low-wage, no benefits (health insurance, sick time, etc.) often part-time and always dead end jobs. Hard to live on your own, let alone pay off any college loans while working at a fast food job or in an Amazon warehouse.
(On edit, to clarify: The following are MY comments: )

Well, in every world, we have winners and losers. Even today, all is not lost, all you naysayers. We have the shining example of one young American who boldly quit her hedge fund job to pick up an Ivy League master's degree (no student loans for HER) AND buy a $10.5 million pad in Manhattan. Hey! 6 bathrooms for 2 30-something adults - and a 250 foot hallway. As someone commented, it's a longer walk from her living room to her kitchen, then many Manhattanites have to get to their corner store. Sometimes people ask, re the transfer of wealth upward to the 1 percent, where does the money go? Well, here's where $10.5 million of hedge fund profiteering and board of directors' pay went.

(On edit, The Newsmax link was to get you to the basic story. Newsmax gave a straightforward news report and did not say anything negative about Chelsea Clinton.
http://www.newsmax.com/US/chelsea-clinton-luxury-apartment/2013/03/14/id/494723

Headline: Chelsea Clinton Buys $10.5 Million NYC Apartment

Chelsea Clinton and her husband have shelled out a cool $10.5 million for a luxurious Manhattan apartment that is ten times the size of most New York City residences. The former First Daughter and Marc Mezvinsky sealed the deal for the stunning four-bedroom, six-bathroom condo overlooking Madison Square Park in the city’s Flatiron District.

Their new digs — in the prestigious five story Whitman building — measure 5,000 square feet, take up an entire floor and are accessible by an elevator that operates with a private key.

By comparison, most standard Manhattan one-bedrooms are about 500 square feet or less.

The deal for the 5,000-square-foot apartment, located at 21 E. 26th St, closed last month, sources told The New York Post. “It’s great for them, because it is in a hot neighborhood and it is very private,” a source told the Post.

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A recent DU thread: "Under Obama, we're off to our best Private-Sector Job Growth since 1999 - Inform the republicans and some on this site." http://www.democraticunderground.com/10023406668

Well, backatcha, cheerleaders. Low-wage, no benefits, dead-end jobs do not give you bragging rights.