Politicians and the talking heads in the legacy media always parade the same few government statistics as proof of a strong economy.
But sometimes the truth manages to slip past their PR teams.
And you’ll be shocked by the percentage of parents in America who financially support their adult children.
The Economy, According to the Fake News
The true state of the U.S. economy has been difficult to gauge from sources like the U.S. Bureau of Labor Statistics and legacy media.
Statistics like the unemployment rate and consumer price index have had their formulas revised over the years in ways that yield “stronger” numbers and the jobs report is always wildly revised the month after its initial publication.
The legacy media focuses on these government figures and supports the narrative that the people only need these numbers to accurately assess the health of the U.S. economy.
An Occasional Glimpse of Reality
Fortunately, sometimes stories squeeze through that shine a light on the house of cards.
The latest example is from a new Savings.com survey of U.S. parents.
According to the survey, 47% of all U.S. parents now provide some level of financial support to their adult children.
These parents are now contributing about $1,384 per month to at least one of their adult children.
To put that in context, working parents are only contributing $609 per month toward their own retirement.
Not only are U.S. young adults increasingly unable to support themselves, but it’s also coming at the expense of their parents’ ability to retire.
A Truth They Don’t Want You To See
A statistic like this gives a real indication of the state of the U.S. economy in a way that revisable “nonfarm payroll reports” cannot.
The truth is that a huge percentage of U.S. parents are financially supporting their adult children because of Joe Biden’s policies.
Young adults are being crippled by the administration’s policies.
Meanwhile, older parents are having to direct their retirement money to cover additional grocery, rent, or health premium costs for their children.
Of course, this is just the best-case explanation for this scenario.
The worst-case explanation is that parents are financially supporting their adult children because they can’t take care of themselves.
In the Savings.com report, Gen Z, which are those between 18 and 27, were the most common group to receive financial support.
Perhaps instead of filling classrooms with gender identity, safe spaces, and Critical Race Theory, they should have been filled with subjects like public speaking, how to start a business, and how to prepare a budget.
Patriot Political will keep you up-to-date on any developments to this ongoing story.
