The Money-Printing That Made Millennials Wealthy Can Bankrupt Them Too

A recent article in The Wall Street Journal cited new survey data to document a dramatic turnaround in the financial outlook of the millennial generation. The improvement, as with the reason millennials’ professional lives began with such a rocky start, has much to do with actions taken by the data compiler: the Federal Reserve.

It doesn’t take a rocket scientist to see an association between Fed policies and their effects on Americans’ financial lives. It provides yet another data point reinforcing that the Federal Reserve should move as far away as possible from the money-printing policies that have defined the last two decades of monetary and economic policy.

Wealth Measures Growing

An analysis by the St. Louis Federal Reserve Bank found that, adjusted for inflation,

Continue reading