Young Generations Are Now Poorer Than Their Parents And It's Changing Our Economies
Economics Explained
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The Effects of Higher House Prices on the Economy
If the real estate in these cities becomes too expensive, it becomes infeasible for workers to hold down jobs there. Higher house prices also reduce social and geographical mobility. A 20 20 pw research study found that 52 % of young american adults between the ages of 18 and 28 still live at home with their parents. The concentration of wealth in a particular generation is something that can have very real es for entire economies. And these effects are only going to get more pronounced as populations continue to age.
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