Home ownership by age group
Home ownership by age group has remained remarkably constant over decades, contrary to some recent media memes.
Demographics, Economics, Business, Data analysis, Tech, Factfulness
A comparison of life in the 60s, 70 and 80s with that of Gen Z, in the 2020s. Inspired by a proliferation of posts on X that engaged in Generation bashing.
Home ownership by age group has remained remarkably constant over decades, contrary to some recent media memes.
The largest change is in the net worth of the top 1% and then the top 0.1%.
Due to an "inheritance glut" and other changes, pianos are now free, 8-10 place "fine China" place settings sell for $50, and few want Grandma's "hutch".
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.
If only someone would have mentioned what would happen with a shrinking fertility rate ...
It's been dropping in the US for 200+ years, and globally for at least 60 years.
Down by 20% over 13 years.
The media has a meme that home prices are high because "Boomers" are not downsizing. Except those 65+ are already in smaller homes - duh!
There is a partial explanation for this.
Apparently those making a lot are financially illiterate, as their "wants" grow with their salary.
In the early 1980s, ETS screwed thousands of students taking the GRE graduate admission exam. I know, because I was one of those students.
Rates are currently similar to or even a bit lower than they were for a quarter century recently.
That's losing 5 to 10 schools worth of students.
And why we've mostly bought used vehicles, paying cash.