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Veteran Democratic strategist James Carville warned Thursday that any future American president will have to address the affordability crisis facing young people.
“What lies ahead for this country, and we are not prepared for it, is the accumulation of generational wealth by our generation,” Carville said in his “Politics war room“Podcast.
“It’s just these stories that come to light and the young people are just… they’re just doing terribly.” You can’t buy houses. You can’t educate anyone. There was the CEO of Ford saying there were 5,000 auto mechanic jobs that they couldn’t fill,” he continued.
“I think that this country made two bad bets,” Carville said, “and both seemed like good bets at the time. One, we decided that we were going to be a nation of homeowners. And two, that we were going to be a nation of people going to college.” He concluded that “both strategies actually blow us away.”
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President Donald Trump in the Oval Office. (Brendan Smialowski/AFP/Getty Images)
“The next president is going to have to rethink this and embrace some economic populism — because I’m telling you, this thing could fail, and if someone doesn’t move forward, they’re going to get ahead of everyone else,” Carville said. “And people start to get really mad. They start to figure out what happened to their lives.”
Carville is one of several commentators who have sounded the alarm on the issue while many Democrats have debated how to do it Targeting young male voters They are struggling to break into the middle class in a changing, globalized economy.
In March 2024, months before President Donald Trump defeated former Vice President Kamala Harris in the presidential election, Carville warned Democrats to abandon woke politics, arguing the party was dominated by “Too many women preaching” Both, he said, alienated male voters.
The home affordability crisis is taking its toll on America’s young adults
Democratic strategist James Carville sounded the alarm that young people are not doing as well as previous generations, arguing that the standard of everyone getting a four-year degree and a house is increasingly impractical. (Jason Kempin/Getty Images for Politicon)
On Thursday, Carville said that many younger Americans are “starting to figure out why they don’t have much hope of getting a good job or being able to buy a house because people – once we’ve bought all the houses, we’ve put building restrictions in place and God knows what else, just to drive up the price of the asset, which our price of our asset goes up, the price of what a young person has to pay goes up too.”
He continued, “We really need to rethink the whole idea of four-year college and home ownership.”
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Veteran Democratic strategist James Carville warned that the next president will need to embrace some degree of economic populism. (Emma McIntyre/Getty Images for SCAD)
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