Charles Hugh Smith – Wither the Suburb?

from Financial Survival Network

While much has been written about the massive retail decline in America, Charles Hugh Smith sheds interesting light upon another core cause of the retail apocalypse. Namely, Millennials, due to staggering student loan debt, have lowered expectations and are staying close to urban downtowns. They have smaller homes, less need for expensive furnishings and have often shed the shackles of the automobile. When combined with ease of online shopping and their inclination to save more than their Boomer parents, this makes for a fascinating lifestyle trend.

Click Here to Listen to the Audio

Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.