Asset price inflation has been the greatest negative for Millennials. Using California numbers (I know high cost of living) the average home price is 10 times the average income. Historically people were able to purchase homes at 3 times income. To save a traditional downpayment, fund retirement and pay for all other basic living expenses is an impossible task on income that has not increased since the 70s. Basically unless you were smart enough to study, understand and excel at Computer Science you are screwed.

Central bank creating asset bubble after asset bubble is the worst thing to happen in the 21st century. #endthefed