Home ownership by age group
Surprising, given recent media memes, home ownership by age group has remained remarkably constant over decades.
Opinion: Factfulness, Skepticism & Realism, Sometimes satire and parody.
Surprising, given recent media memes, home ownership by age group has remained remarkably constant over decades.
The U.S. population may shrink, slightly in 2025, the first time that has ever happened.
This does not look good - suggests recession is near.
The largest change is in the net worth of the top 1% and then the top 0.1%.
Should we tax "unused rooms"? And what is a unused room?
"Boomers" are supposed to downsize to smaller homes. But the US has not built many smaller homes in most of the past 50 years.
Economy: Housing problems are all due to "boomers" because they are not moving to smaller homes. Reality: The US has not built smaller homes for 50 years.
The Federal Reserve cut interest rates today, it is said, because of concerns over the job market.
The media has a meme that home prices are high because "Boomers" are not downsizing. Except those 65+ are already in smaller homes - duh!
Apparently those making a lot are financially illiterate, as their "wants" grow with their salary.