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5min chapter
Who’s driving inflation? (hint: they’re wealthier and older)
7am
Rising House Prices and the Wealth Effect
This chapter explores the relationship between rising house prices, wealthier older individuals, and their spending habits. It discusses the concept of the wealth effect and how it affects the economy. The chapter also highlights concerns about the decline in new house construction, the impact on renters, and the disparity between young and old individuals in the face of rising interest rates.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode