https://www.cnbc.com/amp/2022/07/15/millennials-are-to-blame-for-sky-high-inflation-strategist-says.html

"See, what everyone is not including in the conversation is what really causes inflation, which is too many people with too much money chasing too few goods," Bill Smead, chief investment officer at Smead Capital Management, told CNBC's "Squawk Box Europe" on Thursday.

"So we have in the United States a whole lot of people, (aged) 27 to 42, who postponed homebuying, car buying, for about seven years later than most generations," he said.

Damn, Millennials are just not good with economics

  • SchillMenaker [he/him]
    ·
    2 years ago

    Millennials delayed buying houses but somehow home prices have skyrocketed in the years they traditionally would have bought. Clearly it's the demand of millennials driving up prices!