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Cato Daily Podcast
Housing Wealth and Generational Wealth
Apr 19, 2024
Economist Jeremy Horpedahl discusses the bleak outlook for housing wealth. Topics include debunking generational wealth myths, analyzing wealth distribution trends, and the impact of housing on wealth accumulation and disparity.
12:23
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Quick takeaways
- Younger generations are accumulating wealth at a higher rate than past generations due to increased earning power.
- Rising housing prices pose challenges for young renters in accumulating wealth, calling for reevaluation of zoning laws.
Deep dives
Optimism in Wealth Accumulation Among Younger Generations
Despite misconceptions, data shows that younger generations today are accumulating wealth at a higher rate than past generations. With increased earning power over their lifetimes and adjusted for inflation, younger cohorts are on a trajectory of growth in wealth.
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