This and the fact that wages, adjusted for inflation, have remained flat for almost 40 years and the cost of housing has been rising much faster than inflation means that we are creating a generation that most will never own a house. A significant percentage will not start families. You might not care about this but keep in mind that since the end of the Second World War the American economy is dependant on young people getting married, buying houses and starting families. Consumer spending represents 70% of GDP. Buying a house and starting a family causes a good amount of spending on various goods and services. Without that economic activity its going to knock a hole in the American economy.