According to NAHB’s Eye On Housing blog:
This analysis confirms that the ongoing crisis in housing, in the form of delayed household formations, is not only having short-term economic costs in terms of lost jobs and economic growth but will also have long-term demographic impact as measured by the number of children born to those in their 20′s and 30′s.
Besides having an impact on the makeup of the country, including the composition of the middle-class, these declining birth rates will also place additional fiscal pressures on the nation’s already challenged long-term entitlement programs (Social Security and Medicare) that require taxing today’s workers to pay current expenses.
See also US News blog item on the same subject.
Source: http://electricalcontractor.com/?p=15449
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