patrick.net

Many 55 to 65 year old working adults are putting off retirement because of the inability to pay extremely high health insurance. If these well paid workers, who would otherwise retire, could leave the workforce, they would create openings for 20 and 30 year old kids living with their parents who are currently working at entry level positions. This would allow young adults to quickly pay down their student debt balances and begin looking at the future to maybe start a family.

Once younger adults get a steady career, they will then be able to buy a starter home. Then the inhabitants of the starter home can upgrade to a larger family home. This process would continue and allow the retiring Baby Boomers to downsize and help restore some health to the housing market. Until the healthcare industry is fixed, it will continue to distort other markets and create more inefficacies in our economy.

#housing