AUniqueGeek

@AUniqueGeek@lemmy.world
1 Post – 7 Comments
Joined 1 years ago

It doesn't make that claim. It's just that if you were wealthy between 2020 and now you can more easily navigate the price hikes by refinancing during the housing boom, sellings off assets, and shifting investments around.

But people in lower incomes don't even have assets/savings to fall back on so they just lose harder when the prices hike.

3 more...

2% of the 4.6% of the millineal wealth. A bit different than 2% of the total.

2 more...

I'm glad that you are doing better now. Thank you for sharing your story and experiences.

You might be right about the politicians and those in power pushing for those changes but which generation is the one that predominantly voted them in? That's why a lot of people blame the boomers. Plus, go look at the average age of a lot of our leading politicians.

2 more...

I did knot see that coming.

Yea that's what I mean. Those who were wealthy had the means to leverage the situation and at worst maintain. Everyone else sank lower.

Wait how so?