When your pipe breaks, who do you call: a plumber, or a landlord? How younger Americans answer that question may be key to their financial fortunes.
Perhaps more than any generation up to this point, young Americans’ ability to build wealth may uniquely hinge on whether they can afford to own property. Their wages, while no doubt affording them a higher standard of living than other generations, still haven’t risen as quickly as inflation and the cost of living. And surging demand for housing has sent prices soaring to the degree that a home now represents one of the most valuable assets the non-wealthy can possess.
