Season 1 · Episode 355
The generation game. Who wins?
Have we built an unsustainable model. The old with assets of increasing worth, the young having to borrow more just to make do.
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
June 14, 202334m 27s
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Older Brits will be familiar with Bruce Forsythe’s Generation. Today everyone is playing the Generation Game, but the young are the one’s losing out. They are steeped in debt and faced with the prospect of progressively unaffordable housing. Many of the over 60s meanwhile, have accrued healthy amounts of assets. As Phil Dobbie discusses with Steve Keen much of this we4alth will be passed on, but not everyone will benefit. So intergenerational wealth is adding to the rich-poor gap.
Hosted on Acast. See acast.com/privacy for more information.